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

Hello and good day!
We have heard all about the supermarket price wars in Britain; yesterday, presumptions of Aldi fighting a more than successful battle in Australia were validated and today, we are learning that in the US, Walmart is throwing down the gauntlet to Amazon. Enjoy the read and have a nice day.

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Asia
Alibaba to further expand business   This time, the Chinese e-tailer is partnering with Chinese companies Hunan TV and DMG Entertainment to launch China’s first home entertainment platform. Furthermore, the Chinese e-commerce giant is interested in extending partnerships with Indian small and medium enterprises, a market which its Indian rival Snapdeal is also keen on investing in heavily. ▪
E-commerce strategies in India   After its market entry to the country one year ago, Chinese smartphone maker Xiaomi will now invest in setting up a full-fledged e-commerce business model in the Indian market +++ Indian major e-tailer Flipkart plans to introduce an app-only strategy by September +++ After supply chain capabilities depleted quickly last year, Indian e-commerce players have begun preparing for this year's Diwali. ▪
China's smartphone adoption rate thrives   According to a new GSMA study, China's smartphone penetration rate (62%) has surpassed that of Europe (55%).  The mobile industry is seen to contribute US$ 1.1. trillion to Asian-Pacific economy. ▪
europe
British retailers face challenges   After the announcement that the minimum wage would successively increase to GBP 9 by 2020, Britain’s retailers are likely to increase prices or cut large numbers of jobs to pay for such a rise +++ Britain’s grocery regulator demands an explanation from supermarket chain Morrisons why it is seeking impromptu payments from its suppliers. ▪
HMV to expand outside the UK   The music, film and video games retailer will be opening 15 shops across the Middle East and is also in talks about more deals to expand into Australia, China and India. ▪
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Bargain Booze reveals profit boost   After revenues increased by 2.4% to GBP 364 million, Conviviality Retail, owner of the off-license store chain, sees the group in a “strong position” to grow in the coming years. ▪
USA & Canada
US retailers in Starbucks' big jobs initiative   A coalition of executives from some of the US' largest companies, spearheaded by Starbucks CEO Howard Schultz, have joined together in the 100,000 Opportunities Initiative pledging to hire 100,000 young Americans who have been shut out of the job market. ▪
Walmart challenges Amazon   The US retail giant is taking on its online rival in a new pricing and shipping promotion that directly challenges Amazon's upcoming “Prime Day” event on 15 July. Not only is Walmart lowering its free shipping minimum order to US$ 35, but it will also be offering discounts on thousands of items on the same 15 July. ▪
Simons to expand across Canada   Quebec City-based Simons department store chains is planning to extend its brand across Canada. The family-owned retailer will be spending up to CA$ 200 million over the next four years on its expansion plan. ▪
Rest of the world
Israel's Mega supermarket to enter debt arrangement   The troubled Israeli supermarket chain is looking to enter a debt arrangement, which its suppliers have already approved. Next, Mega is holding a meeting with its creditor banks. ▪
Russia's X5 Retail Group closes up with Magnit   Russia's second-biggest grocery retailer is closing the gap on the market leader with Q2 net sales for 2015 increasing 28.1% year-on-year to reach RUB 198.62 billion (US$ 3.3 billion). However, Magnit too reported a strong rise in first-half sales, despite the slowdown in the second quarter. ▪
World's largest mall to open in Qatar   Adjacent to a 2022 World Cup stadium, the Mall of Qatar, which will encompass almost 4.2 million-sq.-ft. and which built will cost an estimated US$ 1 billion, is scheduled to open in first quarter 2016. ▪
South-African watchdog examines grocers  South-African grocery heavyweights face an inquiry with the Competition Commission as the watchdog wishes to examine whether there are features in the grocery retail sector that lessen, prevent or distort competition +++ Softer trade conditions are being noted in the country. ▪

 


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