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

Hello, dear reader!
It is that time of the year again, where all sorts of public holidays force retailers to take action. China's Alibaba has obviously hit the ground running and is making billions with its Singles Day offers. Over in the US, single adults are a billion-dollar but often ignored target group. Enjoy the read and share the news.

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australia & asia
Competition intensifies Down Under   While German discounter Aldi is targeting department stores Myer and David Jones with cut-price electrical goods, supermarket giant Coles ramps up the online battle with a new "pick and pack" technology to cut down delivery times. ▪
Alibaba profits from Singles Day frenzy   Within minutes after the start of the world's biggest online shopping holiday, the online giant reported sales of US$ 1 billion. According to Nielsen China, online shopping festivals such as Singles Day are a key driver for online sales. ▪
Indian expansions and comebacks    Amazon is building physical stores in India. In a project code-named Udaan, new Amazon-branded stores will be launched where Internet access is scarce. Meanwhile, Nestlé India is back with Maggi in 100 cities and towns with over 300 stockists. ▪
europe & Middle east
Yesh shuts down   Shufersal, Israels largest supermarket chain, has decided to close down the operations of its discount banner Yesh. Just recently the company reported a third quarter profit. ▪
Ocado on the hunt   The technology department of the British online supermarket Ocado Technology is looking to hire 300 hardware and software engineers, as part of its plans to help develop the online infrastructure for other grocery businesses around the world. ▪
Black Friday is lurking   British retailers build up hope for a successful Black Friday after they experienced a drop in sales last month. However, some companies such as Asda are stepping away from one-day deals, while rival Tesco has put measures in place to ensure the day runs smoothly. ▪
Merck gets billion-dollar deal  The Germany-based pharma multi has been given the green light by the European Commission to complete its US$ 17 billion acquisition of Sigma-Aldrich, an American multinational chemical, life science and biotechnology company. ▪
 usa & Canada
Albertsons wants Haggen stores back   The Idaho-based grocery company is bidding on 36 of 95 stores being sold by the now-bankrupt Haggen. Albertsons had previously sold 146 stores to the latter as part of its acquisition of Safeway. The company also announced that the US$ 4.8 million renovation of its Culinary Kitchen & Technical Centre is completed. ▪
Wawa expands southwards   The convenience store chain, best known for its fresh food, announced that it plans to open 120 or more stores in South Florida between 2017 and 2022, creating nearly 3,000 new jobs. The first ones will open in Palm Beach. ▪
Toy industry enjoys stellar year   Annual toy sales are projected to rise 6.2% to US$ 19.9 billion in 2015, according to NPD Group, a market research firm that tracks about 80% of the US toy market. This is the biggest increase in at least 10 years. ▪
insider insights
Duel of the discounters   Germany’s discount chains Aldi and Lidl are going head to head in the United States. Newcomer Lidl has to face retail giant Walmart and 2,000 Aldi stores. German newspaper Handelsblatt reports about Lidl's plan for conquest. ▪
Billions at stake   Single adults are being overlooked or misrepresented by US marketers and retailers, according to a new report. This is a shame as the spending power in just one subset, 35 to 54 year old singles, equals US$ 567 billion. ▪
No plans to buy Shoprite   Nakumatt is one of East Africa's largest retail chains. Thiagarajan Ramamurthy, the company’s strategy director, shares his ideas about future plans and the general outlook of the supermarket business in Africa. ▪

 


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