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

Hello, dear reader!
Amazon, Alibaba and Metro are investing in new partnerships. Aggressive price cuts get Aldi under fire in Britain, while underpaid taxes and misleading price tags cause trouble for some very well-known European brands. Developments in mobile payments dominate headlines in the US and in Africa, luxury products find new markets. Enjoy the read and have a great start to the week. 


asia
Technology  investments   Chinese e-commerce powerhouse Alibaba has accumulated its stakes in US online businesses Groupon and Jet.com, while computer giant Lenovo is looking for technology partnerships to boost its business into a US$ 5-billion-a-year operation. Over in India, Ratan Tata has invested in a retail-tech startup, which devises technology for corner grocery stores. ▪
Snapdeal suspends sellers   The Indian e-commerce major, which recently introduced new processes to its seller management system, has announced that it has cut off the accounts of 23 sellers on its platform. They were found to be indulging in unfair business practices. ▪
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Celebrations boost spendings   China's retail sales grew 11.2% during the week-long Lunar New Year vacation. Meanwhile in India, Valentine's Day is considered to be the new Diwali for e-tailers with a steep spike in the demand for same-day or even next-day deliveries. ▪
europe
Metro buys food supplier   With the acquisition of leading premium food supplier Rungis Express, Düsseldorf-based retail group Metro is extending the delivery business of its Cash & Carry wholesale operations. The company said that Rungis will continue operating as an independent company. ▪
Ramifications of price cuts    German discounter Aldi has launched a fresh wave of price slashes, however the ad campaign has been called misleading and disingenuous +++ In a bid to prevent shelves being cleared immediately, new budget food store Easyfood will introduce a 10-of-each-item limit. ▪
Premium brands under scrutiny   Swedish furniture giant Ikea may have underpaid taxes by EUR 1 billion between 2009 and 2014 due to aggressive tax strategies according to a report and British luxury fashion brand Burberry is to face a lawsuit in the US, claiming it used misleading price tags. ▪
usa & CanadA
Amazon acquires in Asti   In a bid to upgrade its cloud-computing platform, the Seattle-based online behemoth has bought Nice, a software developer for technical computing, headquartered in Asti, Italia, for an undisclosed sum. ▪
Mobile payment made easy   Financial service provider Paypal is introducing a new set of tools for retailers named Paypal Commerce, while credit card company Visa has announced an investment stake in mobile payments company Square that indicates it has a strong interest in helping retailers process mobile transactions. ▪
Reshuffles on the top   In a move to make the company more agile, department store operator Kohl’s has reportedly eliminated three senior level leadership positions +++  Toy maker Mattel named Lisa McKnight new head for its Barbie business as it seeks to reignite sales of its iconic doll. ▪
AFRICA
Ikea opens in Morocco   The Swedish furniture giant has finally been given the green light to open its first store in Morocco after months of uncertainty due to a diplomatic spat over Sweden’s denial to recognise the independence of the disputed Western Sahara territory. ▪
Redefining luxury    Africa’s women entrepreneurs and luxury brand builders are turning their attention to the growing global appetite for luxury products. “Afro-luxe” products are reportedly winning a lot of new fans. 22 entrepreneurial women are at the forefront of this development. ▪

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