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

Greetings!
After signing a strategic deal, Alibaba's Tmall will become the platform for German's Metro group's online flagship in China. Another joint e-commerce venture was launched between Russia and China. Over in Australia, Aldi gains ground with fresh veggies and South Africa is the pick of the bunch for British investors. Enjoy your Wednesday read.

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asia & australia
Alibaba's gains and pains   German retail giant Metro is teaming up with the Chinese online retailer to use the Tmall platform for its official online flagship store in China. Due to weak consumer spending, Alibaba has slashed its sales projections. Over in the US, Yahoo's Alibaba spin-off plans hit a snag as US tax officials refused to clarify whether this will be tax-free. ▪
Australian announcements   German discount powerhouse Aldi continues to gain ground in the fresh vegetable market according to Nielsen, while Roy Morgan Research found out that supermarket chain IGA has the most loyal customers. ▪
Russia and China team up    The two countries have launched an online e-commerce platform called TradeEase which is aimed at increasing cross-border trade. The new platform will allow Chinese shops to sell their goods online to Russian customers. ▪
europe
Lidl grows and attracts mums   The German discount chain has introduced a new store concept in Croatia and is continuing to expand its retail network in the country. Over in Britain, the company has signed deal with Mumsnet, one of the UK’s largest websites for parents, which will support Lidl across webpages, forums and newsletters over the next year. ▪
Beverage takeovers   Dutch brewery giant Heineken bought half of US microbrewer Lagunitas, one of America’s best-known independent beers, to expand into the craft beer industry. Meanwhile shares in Conviviality Retail have soared on the back of the GBP 200 million takeover of Matthew Clark, UK’s biggest drinks distributor. ▪
Management reshuffles   X5 Retail Group, Russia's second largest retailer, has announced that current CEO Stephan DuCharme will vacate the post. The board has nominated Igor Shekhterman as its new CEO. A shake-up at the top level is also taking place at British department store company John Lewis. ▪
usa & canada
Macy's plans to close stores   The department store operator says it will close 35 to 40 namesake stores in early 2016 while it moves ahead with expansion of its new off price format, Macy’s Backstage, and also optimises its omni-channel approach. ▪
Delivery tests and cloud deals   While Google announced that it will start testing a delivery service for fresh food and groceries in two US cities later this year, media giant Disney has signed agreements with Amazon and Microsoft that will allow them to use its cloud-based digital movie service. ▪
Trademark and retention disputes   A federal court says wholesaler Costco violated federal trademark laws when it sold engagement rings labelled “Tiffany” that were not those of luxury jeweller +++ Supermarket chain A&P’s retention plan, which grants US$ 5 million in payments to retain certain employees as it winds down its business, has been objected. ▪
africa
Steinhoff excels with discount clothing   The South African furniture chain, which gets more than half its sales from Europe, reports a 36%  rise in earnings for the year. An expansion into discount clothing helped fuel growth. The company bought clothing retailer Pepkor last year in a US$ 5.7 billion deal. ▪
Investment strategies   Global transport firm DHL Express plans to upgrade its freight centres and shipment handling systems in Kenya. The investment comes as DHL Express sub-Saharan Africa renews its focus on emerging markets. Meanwhile, South Africa has been identified as the top investment destination for British firms looking to expand on the continent, according to the Barclays Africa Trade Index. ▪

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