Hello, dear reader!
Business doesn't get any easier for supermarket operators. Latest Kantar figures are once again proof of the enormous success of the discounters in Britain and in Germany, a surprising ministerial takeover approval puts rival retailers on edge. Competition in China's e-commerce market is heating up and in the US, Aldi is set to introduce healthier check-outs. Enjoy the read and share the news.
asia & south pacific
Edeka gets takeover approval Germany's economics minister, Sigmar Gabriel, has overruled antitrust authorities and cleared the merger between the country's largest supermarket corporation, Edeka, and grocery chain Tengelmann under strict conditions. It looks like Edeka is set to accept his ruling (in German).
Metro gains momentum The Düsseldorf-headquartered international retail giant reported a solid set of results for its fiscal first quarter. Overall sales were down 1.5% to EUR 17.1 billion, but met the analysts estimates. Metro expects to return to growth this year.
USA & Canada
Aldi removes temptation The German discounter will introduce healthier options such as nuts and dried fruits instead of chocolate at the check-outs of its expanding network of 1,500 stores in the US. The initiative comes as Aldi prepares to enter the Californian market in March.
Shoprite improves sales While revenue growth slowed in the first half, Africa's largest grocer could increase its turnover in the second half, driven by a good festive season. The Christmas holiday was also good for fashion retailer Foschini with its shares surging after beating expectations.