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

Hello, dear reader!
British supermarkets are determined to turn the tide after losing customers to Aldi and Lidl. Asda fires the first shot by slashing prices and other measures, followed by Sainsbury's and the expansion of its Netto trial. In China, Alibaba has outlined its strategy for 2016 and our very own German Retail Blog has interviewed some retail bosses to get their take on the future. Enjoy our exclusive reads and have a great start to the week.

ADVERTISEMENT
 

asia & middle east
Alibaba outlines 2016 strategy   After a focus on international expansion and globalisation in 2015, Alibaba‘s CEO, Daniel Zhang, has revealed that the strategy for this year is to grow the company's operations in China’s biggest cities. Here is what the analysts say. ▪
Snapdeal challenges competitors    While it is still way behind Amazon and Flipkart, which is valued at US$15 billion, rival Snapdeal is expected to catch up by March 2016. The online marketplace is determined to beat its competitors and get into the black. ▪
Al Raya sale talks stalled   Negotiations for the sale of a majority stake in Saudi Arabian supermarket chain Al-Raya For Foodstuff to two Dubai-based private equity firms have reportedly broke down due to differences over valuation as economic growth and consumer spending slows in the country. ▪
europe
Asda gears up   The British subsidiary of US retail giant Walmart gets ready for another tough year and has announced additional price reductions. Asda will also join European Marketing Distribution (EMD), Europe's largest grocery alliance. Read our exclusive story. ▪
Sainsbury's follows suit   Britain’s second-largest supermarket operator steps up the battle with Aldi and Lidl by doubling its Netto trial. The company has announced that it will open 15 of the discount supermarkets by the end of March +++ Meanwhile, Atterley, a fashion website backed by former Tesco boss Sir Terry Leahy, has fallen into administration.  ▪
ADVERTISEMENT
 
Approved partnerships   Formally closing its antitrust probe, EU regulators have unconditionally approved the US$ 5 billion acquisition of Dutch parcel firm TNT Express by global courier Fedex +++ In France, Store Electronic Systems, a supplier of electronic shelf labels, has been chosen by Casino Group to update 100 supermarkets and hypermarkets. ▪
usa
Toys'R'US enjoys best holiday    The world’s largest toy chain reported surprisingly strong results with same-store sales increased by 2%, after declines in the past three Christmas seasons and despite intense online competition. Here’s a look at how other major retailers performed in the holiday season. ▪
Dollar Tree loses exec   Having completed his role integrating Family Dollar with its buyer, Dollar Tree Stores, former Family Dollar CEO Howard Levine will leave the combined company. Gary Philbin, who was named Family Dollar’s president and COO in July, will continue leading Family Dollar. ▪
Takeover bid for American Apparel   The troubled retailer, which filed for bankruptcy in October, has received a takeover bid of more than US$ 200 million from an investor who is working with controversial American Apparel founder CEO Dov Charney. ▪
thought-provoking discoveries
Confessions of the good and great   At the beginning of each year, Lebensmittel Zeitung feels the pulse of the trade by asking retail bosses in Germany how they view the status quo. The statements of the heavyweights reveal what is keeping them awake at night. German Retail Blog reports. ▪
Upbeat despite global downturn   British Consumers have started the year in a confident mood as the cost of a weekly shop is cut by intense competition among the supermarkets. According to a number of reports, consumers are “enjoying their best start to the year since the financial crisis". ▪
Apples sing for Aldi   In cooperation with BMF, the German discounter giant has created soundtracks for apples, bananas, tomatoes and other stars of the fruit and vegetable counter. With funky and modern sounds Aldi Australia advertises its stars of freshness.  ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive