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

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British retailer Morrisons follows Sainsbury's by cutting the cost of diesel. Meat producers criticise UK supermarkets for continuing to stock imported lamb as farmgate prices crash. US online giant Amazon and Swedish furniture chain Ikea see huge potential in India. Enjoy the read and have a great start into the week. 

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asia
Yahoo names spin off Aabaco   The US tech giant is spinning off its stake in Alibaba to an independent new company called Aabaco Holdings. Yahoo stockholders will get shares in the new entity, which will hold nearly 384 million shares in Alibaba, worth about US$ 32 billion. ▪
Philippines attract appliance giants   With a population of over 100 million, the Philippines is a market with potential. Chinese and Japanese home appliance manufacturers, amongst them Haier, are sharpening their focus on the country, where demand for durable goods is expected to surge.  ▪
Investments in India   Online major Amazon, which faces a new rival, Jet.com, in the US, plans to invest US$ 5 billion in India to compete better with the likes of Flipkart, Paytm and Snapdeal +++ Swedish furniture retailer Ikea plans to open its first store in Hyderabad with 25 outlets to follow. ▪
europe
Rewe advertises for merger    As a decision whether German retailer Edeka gets permission for the merger with Tengelmann will be made in the coming weeks, Rewe Group, which is also interested in Tengelmann, advertises in Germany's national newspapers in a bid to inform the public about the consequences of the merger.  ▪
Ikea UK will raise staff wages   The Swedish furniture giant is the first large national retailer to commit to paying its UK staff the living wage, GBP 9.15 an hour in London and GBP 7.85 across the rest of the country from April next year. ▪
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Morrisons fuels price war   After Sainsbury's has slashed fuel prices last week, Morrisons is following by cutting the cost of diesel. As a result of the ongoing supermarket price wars, the number of UK food suppliers struggling to stay afloat has risen considerably. Meanwhile, the meat industry of the country has criticised retailers for continuing to stock imported lamb as UK farmgate prices crash.  ▪
usa
Ahold to acquire A&P stores   Fresh from sealing a planned merger deal with Belgian retailer Delhaize, Dutch retailer Ahold is now eyeing a takeover of US chain A&P and wants to buy the majority of the company's 110 stores. A&P is said to be on the verge of filing for chapter 11 bankruptcy. ▪
Monsanto does not give up   The agrochemical giant is taking extreme measures to convince rival Syngenta to discuss a potential merger. Monsanto executives are seeking the support of US farmers and a new website promoting the benefits of the US$ 45 billion acquisition has been launched. ▪
Chiquita moves headquarter   The banana multinational has announced it will be moving one of its division headquarters to Fort Lauderdale in Florida. The move will bring about 200 of high-paying jobs. ▪
Tech trends
Facebook tests direct shopping   The social media company, which has already tested a “buy” button, is venturing into commerce, by letting some e-tailers showcase products that Facebook users can shop directly from within the page storefront. ▪
Employing robots    Shoppers have already demonstrated their desire for a more tech-integrated experience. Robots are just the next logical step, thinks Mike Kercheval, president and CEO of the International Council of Shopping Centres. Media Markt (paywall) in the Netherlands has already employed a robot at its electronics superstore in Rotterdam. ▪

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