Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 14 April 2016

 

Greetings!
It is hard to believe, that it has only been one day since we learnt of Alibaba's billion-dollar acquisition of Lazada, when in today's news, again, the online behemoth invests another US$ 1.25 billion. In Britain, Tesco's latest results give rise to hope that the supermarkets' position in the country may be stabilising, and in the US, Walmart is trying to grow its online assortment with the help of a new partnership. Enjoy the read! 


Asia
Mc Donald's backtracks   As part of a new business model in the region, the US fast food giant puts 2,800 restaurants in North AsiaAs part of a new business model in the region, the US fast food giant puts ▪
Alibaba spends again   Chinese food-delivery start-up Ele.me has raised US$ 1.25 billion from the etail giant and its sister payments company Ant Financial +++ In India, Delhi-based start-up Airwoot, which has customers such as Snapdeal, has been picked up by cloud-based customer service software provider Freshdesk in its 5th acquisition in a year ▪
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Xiaomi focuses on AI   The Chinese smartphone giant pushes into the Artificial Intelligence market. Wong Kong Kat, who heads the Xiaomi Exploration Lab, speaks of "no limit in terms of investment in this initiative”.  ▪
Europe
Tesco is back to black   Britain's biggest retailer returns to profit, posting a GBP 162 million pre-tax profit for the year ending 27 February - a success for CEO Dave Lewis, who achieved his top priority to arrest the slide in sales. Reportedly, Tesco hired Duncan Hoy (paywall) as managing director of large stores. ▪
To buy or not to buy   After having taken a closer look at the books, US food group McCormick has walked away from its planned acquisition of British Premier Foods, which led to a slide in the Bisto maker's shares +++ Talks have allegedly been resumed between Spanish cava producer Freixenet and German Sekt producer Henkell ▪
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Store numbers change   While Turkish supermarket chain Migros plans to open 150 to 200 branches in 2016, aiming for double-digit growth, German retailer Rewe is preparing the sale of eight of its stores in Romania. ▪
USA
Walmart expands services   The largest grocery retailer in the US is introducing free curbside pickup of online grocery orders in eight new cities, which takes the service to be available in about 200 stores in 30 metropolitan areas. In a move to expand its online assortment and gain ground on Amazon, Walmart struck a partnership with e-commerce company Channel Advisor.  ▪
Unexpected fall   Retail sales in the US have taken an unexpected decline when - instead of the forecasted 0.1% gain - purchases dropped 0.3%, a sign interpreted as growing consumers' caution.  ▪
New names on board   President Todd Jones, CFO David Phillips and retired Deloitte executive Jessica Blume were elected to the board of Publix Super Markets +++ Will Setliff, executive VP of marketing at Kohl's, is understood to be leaving the department store chain by the week of 11 April. ▪
consumer trends
Profitable products   While audiobook producer and retailer Audible's Australian website has experienced triple-digit growth in sales since its launch in the country in 2014, British high street stationer WH Smith ascribes a good part of its recent rosy performance to adult activity books ▪
'Athleisure' out of steam   The great run of fitness apparel retailers, such as Lululemon and Under Armour, is slowing down and average selling prices decline as discounters and fast-fashion retailers join in the game. ▪
Bargains are best   Low prices are the best selling point for groceries for supermarkets in Australia and in the UK, attracting shoppers much more than reward programmes. ▪

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