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

Greetings!
Besides the breaking news that Aldi is expected to enter e-commerce in the UK from next year, today's issue further features stories about struggling supermarkets and their business strategies, acquisitions in the food and beverage market, the growing number of payment options, and more.

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Asia & Australia
Wearing Disney in China   Despite a cooling economy, Japanese Fast Retailing, Asia's biggest clothing seller and the operator of Uniqlo, plans to open 100 new outlets in China every year. The newest Disneyland park, which is set to open in Shanghai next year, shall further help Uniqlo stay strong in the country. ▪
Metcash fights extinction   While some analysts are already predicting that the Australian wholesaler will not be able to survive the onslaught from discounter Aldi, Metcash tries to convince the market that it has a substantial turnaround plan. ▪
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Stirring the brew   As its second purchase of Australian craft beer breweries, Japan's largest beer producer, Asahi, has taken over Melbourne-based Mountain Goat. ▪
Special Indian e-commerce offers   Online marketplace major Snapdeal has launched its SD Advisor Programme, which offers a personal advisor to assist sellers in business management on the platform. Competitor Flipkart has announced its second edition of its app-only shopping event, Big Billion Days, for October. ▪
 europe
Aldi 'clicks' in the UK   The German discounter is attacking on yet another front in Britain by launching online shopping on certain product ranges from next year. Profits at Aldi have slipped 4% to GBP 260.3 million in the year to 31 December 2014 as the discounter invested heavily in price and stores to grow sales to GBP 6.89 billion. ▪

 

British supermarkets retract   While Tesco is struggling to nail down the sale of its data arm Dunnhumby, it may be able to fetch up to GBP 3 billion by offloading its central and eastern European business. Competitor Morrisons annoys property developers by backing out of several large scale development projects. ▪
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Carrefour opens and shuts   While its market share regressed in its home country, Carrefour opened its third Easy store in Shanghai and is reportedly to close 20 stores in Greece (paywall). Lidl and Groupe Casino succeeded in improving their market shares in France on a like-for-like basis between 10 August and 6 September. ▪
USA & Canada
Job cuts, price cuts   Supermarket chain Whole Foods plans to eliminate 1,500 jobs to reduce costs and fight back against rivals that are undercutting its prices +++ Walmart is seeking price cuts from suppliers that produce goods in China, claiming the company should share in the savings generated by China's devaluation of the yuan. ▪
Retailers held liable for card fraud   From October, liability for fraud committed with new chip-embedded cards will shift to retailers if they don’t have equipment to process chip card transactions +++ At the same time, payment options keep on growing with Samsung Pay officially entering the US mobile payment market and Alibaba’s Alipay being accepted in more than 2,100 McDonald's restaurants in China.  ▪
Exhibiting good intentions   Target has expanded the list of chemicals it wants suppliers to take out of consumer goods while competitor Walmart entered into a long-term power purchase agreement with the goal of becoming 100% supplied by renewable energy. ▪
Africa
Crunching cornflakes in Egypt    Kellogg's bought Egyptian cereal company Mass Food Group for US$ 50 million as it seeks to boost its presence in Africa. ▪
Sweet deal between Ethiopia and India   The Ethiopian Sugar Corporation has awarded Indian-based AgroCorp International the bid to supply 75,000 tons of sugar at US$ 29.7 million. ▪

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