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Retail Update - powered by LebensmittelZeitung

Greetings!
Alibaba reports earnings today and the analysts are gearing up with predictions. Over in the US, Walmart gets ready for health-care clinics and A&P proceeds with its closing process. In Great Britain, Morrisons and Arla try to please milk farmers and a growing menswear market makes a South African billionaire happy. 


asia & australia
Alibaba announces earnings   The Chinese powerhouse reports its first-quarter earnings today. While founder Jack Ma is aggressively seeking business outside of China, his company is having a harder time generating revenue domestically. Profits are expected to decline by more than 50%, but Ma is still set to grow. ▪
Nestlé India faces complaint   The Indian Consumer Affairs Ministry  filed a complaint against the Swiss food giant, alleging that the company sold unsafe and hazardous products and will seek damages of US$ 99.3 million. Nestlé would be the first foreign firm to be asked to pay damages on behalf of consumers. ▪
Looking for companies and staff   Alibaba-backed etailer Paytm looks for acquisitions across the 'local commerce space' in India. Paytm is not the only one on the lookout: Amazon India, Snapdeal and Flipkart are in the process of ramping up workforces across various functions in the booming e-commerce sector. ▪
Wesfarmers simplifies structure  The owner of retail giants Coles, Bunnings, Target, Kmart, and Officeworks is moving its non-retail operations into one division in a restructure aimed at streamlining the diversified company.  ▪
 europe
Primark sets date for US entry   The British clothing retailer will launch its first American location in Boston on September 10, and plans to open eight stores over the next two years. Just recently, Primark announced it will debut with three stores in Italy. ▪
Milk matters   Supermarket operator Morrisons will launch a new milk brand to guarantee that a certain amount of the retail price will go directly to dairy farmers. This comes on the back of a milk price row, which resulted in the retailer meeting with farmers and union leaders.  Danish dairy giant coop Arla Foods has also announced a major new initiative to support its farmer owners in the UK. ▪
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New Look opens standalone stores   The British menswear market is growing fast. High street giant New Look, which was bought by South African billionaire Christo Wiese for GBP 1.9 billion this year, noticed this and confirmed that it will launch five standalone menswear stores in the UK. ▪
usa & canada
Health market decisions   Walmart gets serious about healthcare clinics. Sandra Ryan, a pioneer in retail clinics, accepted a position to lead the chain’s Care Clinic business +++ Pharmacy and retail chain Rite Aid says it will begin accepting Apple Pay and other “tap-and-pay” services at its 4,600 stores. ▪
A&P worries employees   The embattled grocery titan, which filed for bankruptcy, is expected to notify all of its employees of impending layoffs. Shoppers and employees of A&P are pleading with the judge overseeing the retailer’s bankruptcy case to keep them in mind as he rules. ▪
Lowe's improves pro site   In a bid to help its professional customers save time, money and run their businesses more efficiently, the home improvement retailer will upgrade its Lowesforpros.com website. Purchases of more than 500,000 items could then be tracked. ▪
matters for discussion
Don't blame retailers   Supermarkets shouldn’t carry the blame for food waste, says Andrew Opie from the British Retail Consortium. Food waste reduction by manufacturers and households needs to be the focus of attention since they are the biggest culprits. ▪
Costco may run into trouble in France   As the US-wholesaler comes closer to opening its first location in France, it may not find the country such an easy target. It will be walking into a supermarket war with other retail titans such as Carrefour and Auchan. Experts say Costco is going to have to work really hard to succeed. ▪

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