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

Hello and good day!
Whilst retailers often find opportunities outside their initial line of business these days, Japanese retail group Aeon is picking up thanks to the group's supermarkets which worked on their basics and revamped offerings of fresh and prepared food. Read about this success story and more. Enjoy!

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Asia & Australasia
Acquisitions and sales Down Under   Australian supermarket giant Woolworths has put gourmet grocery outlet Thomas Dux up for sale at an asking price of between AU$ 10 million and AU$ 20 million +++ New Zealand's retail chain Briscoe Group has announced plans to take over outdoor clothing and equipment chain Kathmandu. ▪
Business strategies in India   Online firm Askme is looking to fund its domestic and overseas expansion plans with an initial investment of US$ 100 million +++ India's largest hypermarket chain Big Bazaar is kicking off mobile payment at its physical stores by tying up with mobile payment service provider Mobikwik. ▪
Aeon bounces back   The Japan-based retail group appears to be on the mend, with operating profit leaping up roughly 50% to around US$ 266 million, mainly driven by food sales of the group's supermarkets.  ▪
Europe
Ocado expects international deal   The UK online grocer, which has a deal with Morrisons in the country, appears close to striking an international deal, selling its technology to overseas retailers +++ Switzerland's largest retailer Migros also aims to expand its international footprint, selling private-label foods and cosmetics at Japanese supermarkets. ▪
Poundland plans new distribution centre   The British budget retailer has revealed plans to open a major new distribution centre in Wigan to support its expansion in the North West of the country. The new centre has the potential to create up to 800 new jobs. ▪
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USA & Canada
Amazon to offer loans in more countries   The US online giant will be launching a small business loans programme in the eight countries where the platform offers a third-person sellers market. In India, the etailer has struck a successful month this May in its battle for buyers' attention, catching up with Flipkart and overtaking Snapdeal. Amazon is also looking to further invest heavily there, establishing multiple data centres in 2016. ▪
A&P names primary distributor   The supermarket chain has entered into an agreement with Bunzl Distribution, the leading North American non-perishable goods supply chain specialist. The grocer will also complete the implementation of its computer-generated ordering system in all of its family of supermarkets late this year. ▪
Sears Canada at 'make or break' stage   A recent analyst's report finds it is 'now or never' for the struggling Canadian department store chain to advance on a turnaround. ▪
consumer behaviour
Lifted spirits   Following the GfK/KPMG consumer confidence index, consumers in the UK are feeling more buoyant than they have since the early 2000s. In Australia, the ANZ-Roy Morgan consumer confidence index rose to an 18-months high. ▪
'Millenials' in the focus   As Millennials are poised to soon pass Baby Boomers as the generation with the most living members, retailers are paying more attention on Generation Y. A survey by LoyaltyOne finds that especially Millennials are willing to pay for fee-based loyalty programmes. The generation has also been found to be more interested than ever in healthy eating. ▪

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