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

Hello, dear reader!
Amazon goes green in India and extends its delivery by bicycle programme, while rival Snapdeal is about to launch a 'shopping carnival'. Over in Europe, Tesco's turnaround strategy begins to pay off and in Africa, two retail giants celebrate their latest results. In the US, bankrupt retailer A&P is not the only company that struggles. Enjoy the read and have a relaxed weekend.

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Asia
Ogio opens in Indonesia   Following the success of its flagship stores in Beijing, Shanghai and Seoul, US bag brand Ogio International has opened its first store in Indonesia’s capital Jakarta. The company grows its international lifestyle business by double digits. ▪
Chinese wines take a hit   After a decade of uninterrupted growth, China’s wine market, the fifth-biggest in the world, slows down. Domestic wines are in decline. A number of wineries in New Zealand, however, still see a lot of potential and tackle the Chinese market. ▪
Online competition in India   Amazon has expanded its pilot programme on delivering packages over distances of 3-5 km by bicycle to Bengaluru, Hyderabad, Delhi and Chennai. Meanwhile, rival Snapdeal has launched a real estate shopping carnival called ‘Freedom from rent’ on the occasion of Pongal and Sankranti festivals.  ▪
europe
Lidl expands in Romania   The German discount powerhouse continues to grow in the country and invests EUR 20 million to build an 'eco-friendly' logistics centre in Lugoj. It will create some 100 jobs according to Lidl, which has currently more than 4,200 employees in Romania. ▪
Tesco turns the corner   The troubled British retailer has posted better than expected Christmas sales, which some analysts see as a sign that its turnaround strategy is paying off. Tesco has also announced that two additional independent non-executive directors are to join its board by April, 2016. ▪
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Sweet partnership in Italy    Milan-based retail group VéGé , which currently runs 2,400 sales points and 31 partner companies, has signed a cooperation agreement with confectionary industry leader Dolcitalia. The latest deal comes after partnership agreements signed in recent weeks.  ▪
usa & canada
Struggling retailers   Electronics giant Best Buy has lowered its sales outlook for the current quarter after weak holiday results. Meanwhile, bankrupt retailer A&P seeks court approval to sell another three of its stores to Acme Markets and fashion chain Reitmans will eliminate 77 positions in its head office to reduce costs. ▪
Tackling DIY customers   Wayfair plans to launch a One-Stop Flooring Shop. The company is one of the world's largest online destinations for home furnishings and décor. Meanwhile, competitor Lowe's is getting ready to hire 46,000 seasonal employees to help with the busy spring and summer season. ▪
Sazerac buys Southern Comfort   Brown-Forman, which manufactures Jack Daniel’s whiskey amongst many other brands, has agreed to sell its Southern Comfort and Tuaca trademarks to Fireball-maker Sazerac for US$ 544 million. The sale is expected to go through by March. ▪
latin america & africa
Unilever invests in Cuba   As relations between the Communist regime and the West continue to thaw, the Anglo-Dutch multinational company returns to Cuba and will build a US$ 35 million factory in Havana, designed for the production of its hygiene and beauty products. ▪
Sales pick up in SA    Woolworths says that first-half earnings probably climbed as much as 35%, as sales increased in clothes, food and Australian chain David Jones. Meanwhile, total sales at wholesaler Massmart rose 8.4% and half-year sales at clothing retailer Truworths jumped 36% to signal a pickup despite weak growth in Africa’s most advanced economy. ▪
SAB Miller shuts in Sudan   The multinational beverage giant will close its brewing operations in South Sudan by mid-February as a foreign-currency shortage reduces its ability to import raw materials. This affects as many as 176 jobs. ▪

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