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

Hello, dear reader!
In an exclusive interview with German Retail Blog, two insiders reveal their take on what is happening in the retail landscape in Great Britain, where a new competitor from Down Under is about to arrive. Over in China, tireless giant Alibaba gears up for the festive season and in the US, the fresh delivery space is getting a little more crowded. Enjoy the read and spread the word. RetailUpdate remains FREE.

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asia & australia
Woolies struggles with Masters   The Australian retail giant plans to exit hardware retailing and is looking to sell its struggling home improvement arm, which includes the Masters hardware chain. The news comes at the same time as its main competitor, Wesfarmers ventures overseas (see below).  ▪
Alibaba gears up   The Chinese online shopping juggernaut aims to build on the success of Singles Day and plans a series of events for the Lunar New Year festival. Meanwhile, the company's logistic arm, Best Logistics, seeks to raise US$ 700 million ahead of a planned initial public offering, only a few weeks after Alibaba's financial services announced an IPO. ▪
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JD.com invests in startup    Alibaba rival and China's No. 2 e-commerce company backs San Francisco-based shopping startup Wish with US$ 55 million. JD.com's financial subsidiary intends to raise US $ 1 billion to ramp up its online financial service. ▪
europe
Bunnings enters Britain   Australia's Wesfarmers, which runs the Bunnings branded home-improvement business and supermarket chain Coles, is about to become the second largest DIY retailer in the UK after its bid to acquire Home Base for AU$ 705 million has been accepted. ▪
Carrefour continues to grow   France’s largest retailer reported fourth-quarter revenue that met analysts’ estimates, achieving a fourth year of annual growth. Revenue rose 2.4% on an organic basis to EUR 22.4 billion. Sales rose 2.5% in Spain and 3.5 % in Italy. ▪
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Portuguese developments   Pingo Doce, one of the largest supermarket operators in Portugal, has opened a new store in Sátão, bringing its network to 400 outlets, and hypermarket chain Continente has launched the Continente Negócios business brand and online store. ▪
USA & Latin America
Walmart struggles to hold ground   In a bid to revitalise slumping finances, the retail behemoth will close 269 stores this year, affecting 16,000 workers. About 60 of its Brazilian hypermarkets will be shut down. Meanwhile, its Mexican subsidiary, Walmex, has hired Guilherme Loureiro as its new CEO and over in India, the retailer is exploring ways to tie up with leading e-commerce companies. ▪
Sally Beauty wants insights   One of the largest retailer of professional beauty supplies in the world, Sally Beauty, is teaming up with prescriptive analytics provider Profitect to analyse sales and other data, as well as get a better insight into trends. ▪
Delivery competition heats up   FreshDirect, a New York-based online provider of custom and prepared grocery items and meals, is launching a mobile one-hour fresh item delivery service. FreshDirect’s new FoodKick mobile app will offer one-hour delivery. ▪
Mondelez gets sustainable  The maker of Cadbury chocolate has announced it will transition to using cage-free eggs. The move follows years of progress in sustainable sourcing and comes at a time when the food industry is under pressure from consumers and animal-rights groups. ▪
 Developments to watch
Getting the space race blues   Online, discount and convenience remain the growth engines in the UK grocery scene. How can English supermarkets return to profitable growth? In exclusive interviews, German Retail Blog asked two British experts for their take on what is happening in Blighty.  ▪
Changing shopping habits   Health, wellness, technology, convenience, and indulgence are key trends for this year, says research specialists Canadean and 18 % of shoppers believe that the 'click and collect' service changed the way they shopped according to a new shopping study. ▪

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