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

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It comes as no surprise that Britain’s supermarket wars continue with Aldi and Lidl gaining even more market share and Amazon Fresh preparing to fuel the competition. Over in the US, Amazon challenges Etsy. And sustainability matters for a growing number of companies — read about recently launched initiatives to make our planet a better place. 

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asia & austraLIA
Big plans Down Under   Ikea will invest AU$ 150 million in a new multipurpose distribution centre in Sydney. Meanwhile, the Swedish furniture chain has introduced ethical seafood to its restaurants across 47 countries +++ Baby Bunting, Australia's largest specialty retailer of baby goods, prepares its stock market debut and plans to expand from 33 to 70 stores within ten years. ▪
Xiaomi competes against carriers   China’s leading smartphone maker introduced two prepaid wireless plans to mark its debut as a mobile virtual network operator competing against China’s national carriers and maybe kick-starting the industry. ▪
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Indian revelations   German company Rocket Internet plans to sell its top companies in India and to invest directly through a venture capital fund +++ Digital payments company Paytm is investing US$ 10 million in the first round of institutional funding for data analytics firm Loginext, to improve its vertical delivery. ▪
EUROPE
Metro and Auchan extend partnership    Being already a buying alliance at global level, Germany's Metro and France's Auchan will extend their cooperation. The German retail group is giving Auchan a mandate to negotiate the buying terms of national and international brands in France. ▪
Expanding internationally   Italian food retailer Conad Adriatico plans to invest EUR 65 million to grow its home market, as well as in Albania and Kosovo. Polish clothing retailer LPP (paywall), owner of such brands as Mohito, Reserved and CROPP, also wants to continue its expansion abroad. ▪
UK supermarkets suffer sales slumps   Tesco, Asda and Morrisons were the worst performing food retailers in Britain over the last three months, according to Kantar Worldpanel. Only Sainsbury's could increase its sales. Nielsen reports, that almost half of British grocery shoppers now visit Aldi or Lidl every month. The launch of Amazon Fresh will intensify competition. ▪
US-Investor buys home shopping retailer  Multi-channel home shopping retailer Ideal Shopping Direct, owned by British equity firm Inflexion, has been acquired for GBP 200 million by US buyout-giant Blackstone. Ideal Shopping Direct operates four television channels, including Ideal World and Create and Craft. ▪
 USA & CANADA
Walmart on the path of acquisition   The American retailer's technology arm, Walmartlabs, has bought Silicon Valley software company Punchtab to help the retailer’s Sam’s Club division to personalise offers. Walmart is also in the midst of testing next-generation freight technology to reduce its logistical costs. According to industry insiders, the US-giant needs a 'transformational change'. ▪
Handmade at Amazon   Online marketplace Etsy gets a major new competitor. Amazon is reportedly planning the launch of Handmade at Amazon, a platform for handcrafted good. Etsy went public this year and reported a growing loss in the second quarter. ▪
Omnichannel and payment efforts   Department store company Kohl's introduces several new omnichannel shopping tools and will also pilot same-day delivery in select markets +++ Convenience stores operator 7-Eleven is partnering with technology company PayNearMe to offer cash-using consumers a new mobile bill payment service. ▪
SUSTAINABILITY MATTERS
Reducing greenhouse gas emissions   Cereal maker General Mills has announced it plans to reduce greenhouse gas emissions across its entire value chain by 26% over the next 10 years and will also widen its array of healthier food. ▪
Supporting food research projects   Italian food company Barilla supports research into sustainable food and has awarded two projects, "Analog Forestry" and "Eco-Sustainable Gardens", in Milan. ▪
Investing in health research   Beverage giant Coca-Cola says it spent US$ 118.6 million on health research and partnerships over the past five years and aims to be more transparent about efforts to promote health messages and programmes. ▪

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