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Retail Update - powered by LebensmittelZeitung

Hello, dear reader!
Online giant Amazon has just inked a striking supply deal with UK supermarket operator Morrisons, which has the potential to reshape the grocery market in Britain. Aldi suffers its first setback Australia, and in Europe, Lidl and Carrefour are expanding in the Iberian Peninsula. Enjoy the read and spread the word. Subscription to RetailUpdate is FREE.


asia & south pacific
Aldi Australia exits online store    The German discount giant announced that it will close its online liquor outlet on March 24 to focus on the expansion of further stores into South and Western Australia. The closing down is considered the first major setback of the retailer in 15 years. ▪
Fruit and dairy on a roll   New Zealand fruit companies report a bumper season. Baywa subsidiary T&G announced a 52% rise in its operating profit. Seeka Kiwifruit and Scales Corp also put in solid performances. Over in Australia, A2 Milk has grabbed almost 10% of the fresh milk market and raised its profit forecast. ▪
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Freedom feeds Chinese consumers   Following several other Australian food companies whose profits have soared overseas, Sydney-based Freedom Foods will accelerate its roll-out of dairy products and cereals in China. The company has sold toddler milk on Chinese websites since 2015. ▪
europe
Amazon partners with Morrisons   The online giant and the smallest of Britain's Big Four grocers have agreed to a groundbreaking tie-up, in which Morrisons will supply fresh, chilled and frozen food to Amazon customers. The e-commerce major has also begun surveying UK customers about their use of restaurant delivery services, which could be the first step towards international expansion. ▪
Focus on the Iberian Peninsula   French retailer Carrefour has signed an agreement with Eroski Group to acquire 36 hypermarkets in the country. After having opened six new outlets and invested more than EUR 15 million in Spain, German discounter Lidl continues its roll-out of new stores in Portugal with the renovation of its second store for EUR 5 million. ▪
Improving shopping experience   Italian retailer Unicoop Tirreno and telecom operator TIM announced that they have successfully completed a three-month trial with store analytics solution RetailerIN to improve customer service and reduce waiting time at the checkout. ▪
usa & canada
Online and offline acquisitions   Online marketplace Jet.com has purchased Nebraska-based home products e-retailer Hayneedle for an undisclosed sum, and wholesaler United Natural Foods  has agreed to buy Haddon House Food Products, a distributor of specialty gourmet and ethnic foods, for US$ 217.5 million. ▪
Target recruits from Amazon   The US big box retailer has hired Amazon veteran Arthur Valdez as its new chief supply chain and logistics officer to lead its supply chain transformation, including planning, distribution and transportation. ▪
Lifting sales and spirits   Canadian retailer Loblaw's pharmacy unit Shoppers Drug Mart could lift its same-store sales by 5% in Q4 amid a competitive environment and department store operator J.C. Penney received an official vote of confidence in its performance — an improved credit rating by Fitch Ratings. ▪
Developments to watch
Retail jobs at risks   Close to one million retail jobs could be axed in the next ten years as retailers feel the pressure of changing shopping habits, according to a new report by the British Retail Consortium. Cost pressures have risen at the same time that consumer spending has slowed. ▪
China's online dominance   In 2019, China will spend more online than any other country: nearly US$ 2 trillion, more than 3.6 times as much as the US. A report from research firm eMarketer shows how the country is set to become even more dominant. ▪

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