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

Hello, dear reader!
Diwali celebrations have triggered major online competition in India with Amazon being the top contender. In the US, it looks like Santa's sleigh will be packed with drones and 0ver in Europe and the Middle East exciting store openings take place. Also included in today's issue are stories from Africa and Latin America. Enjoy the read.


asia & australia
Challenges Down Under   Australian department store Myer will employ 3,000 extra staff over the Christmas period to provide better service +++ Supermarket giant Coles, which has just announced pre-paid mobile plans, is facing a slower growth rate thanks to Aldi, and Treasury Wine has raised AU$ 368 million through a share issue for its purchase of Diageo's wine operations. ▪
Alibaba to acquire China's Youtube   In an attempt to diversify its online business, the e-commerce titan is proposing to buy all the outstanding shares that it does not own in Youku Tudou, China's leading online video-services provider, for US$4.6 billion. The deal is reportedly mainly about advertising. ▪
Aditya Birla enters e-commerce   The Indian conglomerate seeks to tap into the booming e-commerce space by launching a new online fashion store called 'abof.com', which will offer shoppers brands from both the Aditya Birla Group and other companies. ▪
Diwali competition heats up  The festive season of Diwali has kicked off with a huge increase in orders for India’s e-tailers and Amazon might emerge as the biggest winner due to its clever use of logistics. Currently, the online giant is in advanced talks to buy a stake in home service company Housejoy. ▪

 

 Europe & Middle East
7-Eleven opens in Dubai   The international chain of retail convenience stores has celebrated the opening of its first location in the Middle East. Meanwhile, Irish clothing retailer Primark has chosen Zara's hometown, Madrid, to launch its second biggest store. ▪
Albert Heijn offers ultimate scanning experience    The Ahold-owned supermarket chain has announced the opening of a 100% self-scanning supermarket in Amsterdam, complete with hand scanners and checkout 'Scan & Go'.  ▪
Coop Danmark extends organics   In a bid to increase sales of organic products from 7 to 15% of its overall sales, the Danish market leader is rebranding and extending its current organic range, which will now be known as 365. ▪
French retailers beat expectations  Better-than-expected sales figures have been reported by Carrefour and Casino. While the former saw its sales rise by 4.1% in the third quarter, the latter announced its best figures in more than four years. ▪
 usa
Drones for Christmas   Electronics retailer Best Buy has partnered with Yuneec International, the world leader in electric aviation. Best Buy can now offer series of drones, which are expected to be one of the hottest selling items this festive season. Insiders fear that a drone invasion is already underway. ▪
Walmart supports retail workers   The world largest retailer and its Walmart Foundation are donating nearly US$ 1 million to fund research and build recommendations that support the advancement of entry-level workers in retail and adjacent sectors. ▪
Retailers in trouble   Debt-ridden clothing retailer American Apparel wants to revive its business and aims to become profitable again in 2018 +++ Grocery and pharmacy retailer Haggen plans to begin going-out-of-business sales immediately at the 36 locations it has agreed to sell +++ Californian-based grocery chain Fresh and Easy is reportedly preparing its second bankruptcy filing. ▪
africa & latin america
E-commerce in Colombia   The country is said to be an emerging market for e-commerce with 30 major international brands, including H&M and Zara, to launch new retail efforts. According to the 2015 Index of Economic Freedom, Colombia has the third-largest economy in Latin America.  ▪
African expansion plans   Botswana-based supermarket chain Choppies Enterprises plans to grow through acquisitions and has announced it will open about 30 new stores within the next year +++ Coffeeshop chain Java House, which has stores in Kenya and Uganda, has ambitions to get bigger and is set to open 12 new locations per year. ▪

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