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

Greetings!
Just days after retail giant Metro signed a deal with Chinese powerhouse Alibaba, Sainsbury's is following suit. Over in Europe, Edeka enhances its organic assortment with a new partnership and in the US, Pepsico and Sodastream have struck a deal. Read about new alliances, e-commerce developments and ongoing preparations for the festive season in today's issue. Have a great start to the week. 

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asia & australia
Deals and openings in China   British retailer Sainsbury's has struck a deal with Chinese e-commerce major Alibaba to trial selling groceries in the country and Russia's most popular search engine, Yandex, has opened a sales office in Shanghai. Over in Italy, Alibaba has been named "Retailer of the Year”. ▪
Paytm plans payment bank   Alibaba-backed e-commerce firm, Paytm, wants to launch the first payments bank in India and is counting on its mobile wallet experience to give it an advantage. The company earmarked a significant amount for the impending festive season in the country. ▪
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Coles supports veggies   The Australian supermarket giant announced an AU$ 500,000 interest-free loan to Victorian vegetable growing operation, Butler Market Gardens, as part of the Coles Nurture Fund. Meanwhile, rival Woolworths' outgoing CEO, Grant O’Brien’s, had a pay cut. ▪
europe
Supply partnerships    Germany's number-one grocer, Edeka, has announced a cooperation agreement with organic brand Alnatura, which will see the organic retailer's products stocked on Edeka shelves from October. Over in Britain, Nisa Retail has announced a five-year deal worth up to GBP 1 billion to supply the new convenience group created from the acquisition of Morrisons’ 140 convenience stores, ‘My Local’ . ▪
Tesco donates breakfasts   In its first year of partnership with charity project Magic Breakfast, the British supermarket chain has donated over two million breakfasts to children. Meanwhile, Tesco shares have fallen since Dave Lewis became chief executive. Lewis' lack of share purchases has been criticised by corporate governance pressure groups. ▪
Shop Direct cuts jobs   Home shopping retailer Shop Direct is planning to close two of its call centres, putting almost 700 jobs at risk. The proposed closures are due to the reduction in call volumes expected over the next 10 years. ▪
usa & canada
Walmart includes fast-food outlets   Orlando-based All American Business Associates signed an agreement with the retail behemoth to build a new fast-food restaurant prototype, featuring Checkers and Auntie Anne’s, in five Walmart stores in Florida. Meanwhile, Walmart suppliers are up in arms about new margin-squeezing storage fees and a new payment schedule. ▪
Pepsico deepens ties with Sodastream   The sofdrink giant announced that it will offer a variety of capsules for use in Sodastream International machines, as part of its expansion in the home-brewed market. The development extends the relationship between the two companies. ▪
Mondelez shifts to healthy products    The parent company behind Cadbury chocolate plans to have 50% of its portfolio contain healthy snacks within the next five years. At a conference, its CFO has revealed details of its cost-reduction programme ▪
Gamestop accepts Google Pay  The electronics retailer has become one of the first major retailers to accept Google's new mobile payment system. The company has announced that customers can start using Android Pay immediately at its more than 4,200 US video game stores. ▪
 developments to watch
E-commerce looks strong   According to a new study from Monetate, e-commerce in the United States showed signs of vitality in the second quarter of 2015. US retailer Kohl's took a visionary approach to online shopping during New York Fashion Week. ▪
Ebay starts shipping club    The e-commerce giant is about to launch a shipping club in Germany that has similarities with Amazon Prime. Called Ebay Plus, it will reportedly allow buyers to receive certain orders within two days plus free returns. ▪

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