Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello and good day!
The 'final stages' reported yesterday have been completed - the once-in-a-decade merger of Ahold and Delhaize has been agreed upon. After the sale of its US website, Alibaba is still venturing around the globe, chancing another advance on the US market, this time in film collaboration and taking its Tmall Global platform to new countries.

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Asia
Alibaba moves globally   The latest global moves of the Chinese e-commerce giant include a further expansion of its cross-border e-commerce initiatives on its Tmall Global platform and its first Hollywood venture, the collaboration of the film arm of Alibaba with Paramount Pictures . ▪
Paytm bulks up its board   The fast growing Indian e-commerce shopping website has added three heavyweights from Facebook, WhatsApp and InMobi to its board +++ The Indian market is being targeted by Fitbit where the company is planning to launch its devices. ▪
Europe
Ahold and Delhaize agree on merger   The USD 29 billion deal unites the two companies in the merger Ahold Delhaize, which will operate more than 6,500 stores and employ 375,000 staff. The deal would, if approved, create one of the largest supermarket operators in the United States. The merger is expected to be completed in mid-2016. ▪
Conad plans to invest   As part of a three-year investment plan worth EUR 950 million, the Italian retailer is planning to grow its operations internally but also through acquisitions. ▪
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UK Co-op businesses' turnover slips   According to a report by Co-operatives UK, John Lewis Partnership has overtaken the Co-Operative Group as the largest organisation in the sector. The turnover of all the co-operatives in the UK has fallen for the first time in almost 10 years +++ Buying group Nisa has recorded the first loss in its history. ▪
ICA stores to be closed   Prior to the takeover by Coop Norge, some 60-70 unprofitable ICA stores are facing closure (paywall). ▪
USA
Announcements and ambitious resolutions  To halve food waste by 2025 was one of the major announcements at the Global Summit of The Consumer Goods Forum (CGF) in New York yesterday. Two new Co-Chairs for its Board have been elected as well. The CGF is the global body for the consumer goods industry. ▪
Walmart stockists face charges   The retailer raises pressure on its suppliers by starting to impose charges for stocking. In its attempt to gain more e-commerce, Walmart has been heavily recruiting tech professionals from ebay and in the research division, a new barcode technology called invisible watermarks is being tested. Over in Asia, the company is planning its growth in India. ▪
Ikea US increases pay  In competition for lower-wage workers, Ikea's US division follows similar decisions by other retailers in the country and raises its average minimum hourly wage by 10% to an hourly pay which lies USD 4.62 above the minimum wage. Over in Europe, the furniture giant plans to try out a small-format store in Britain. ▪
research findings
Retailers' challenges   According to NRF's National Retail Security Survey, last year's inventory shrink averaged 1.38% of retail sales, or USD 44 billion +++ New research conducted for ACI Worldwide reveals that retailers often lack the tools they need to effectively fight omnichannel fraud ▪
Trend for store brands slows   According to the 2015 American Pantry study from Deloitte, the post-recession trend of consumers switching from national brands to store-branded private-label products appears to be slowing. ▪

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