Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 23 May 2016

Hello, dear reader!
Australian retailer The Good Guys is looking for a potential buyer. Samsung ties up with Alibaba's Alipay and the CEO of Amazon Germany talks strategy with us. Food waste and finding a proper growth strategy are hot topics in Britain. European retail giants power ahead in the US, and Coca-Cola has a severe problem in Latin America. Get informed and have a great start to the week.

asia & australia
Expectations Down Under   Australia's No. 3 home appliance and electronics chain, The Good Guys, which appeared to be a takeover target for electronics giant JB Hi-Fi, has now appointed a bank to look for alternatives +++  Orion Health, a dual-listed New Zealand and Australian firm that offers patient health record management software, expects to become profitable in 2018. ▪
Samsung partners with Alipay   With the goal of getting more Chinese users on board its mobile payment service, the South Korean tech giant is teaming up with Alibaba-backed Alipay to allow Samsung Pay users to link their Alipay accounts to the app. ▪
Decisions in India   In a bid to improve its seller ecosystem, the country's largest online retailer, Flipkart, has reshuffled top-level roles in its core marketplace business, and Swedish fashion retailer Hennes & Mauritz collaborates with authorities in India and Cambodia to improve workers' conditions. ▪
EU rules on Amazon   The online megaretailer may face a EUR 400 million tax bill in Luxembourg by July. Meanwhile, Lebensmittel Zeitung had the rare opportunity to interview Ralf Kleber, the man at the helm of Amazon Germany. He talks about growth strategies in the company's largest foreign market. ▪
Keeping in the race   Alcohol trader Conviviality, the owner of Bargain Booze, is celebrating a transformational year with excellent full-year results, while supermarket operator Morrisons partners with shoe repair firm Timpson to improve customer service and stay ahead of the game. ▪
Tackling food waste   British supermarkets have ­massively stepped up their support for food poverty charities. Tesco, for example, has achieved a 2% reduction of waste in fresh produce and a new French app called Zéro-Gâchis  – which means Zero Waste in French - looks for retailers to help them reduce waste. ▪
USA & Canada
European giants power ahead   German discount powerhouse Lidl is set to establish a real estate team in Philadelphia. The region is marked as a beachhead in its powerful US expansion +++ Swedish furniture icon Ikea celebrated its first store in Nevada with a grand opening last Friday. ▪
Mixed results for speciality retailers   American sportswear and footwear retailer Foot Locker saw net income reaching an unprecedented level during Q1, but sales growth missed expectations. It is a similar situation at Alabama-based sporting goods retailer Hibbett Sports, which reported better-than-expected first-quarter earnings, but also missed on sales. ▪
Sports Authority closes down   The Colorado-based sports retailer, which filed for bankruptcy protection three months ago, is shutting all 460 of its remaining stores. The company was unable to adapt to more consumers purchasing online. ▪
latin America
No sugar in Venezuela   As the food crisis in the country intensifies, Atlanta-based softdrink giant Coca-Cola announced that its production of sugar-sweetened beverages will be suspended in the coming days after local suppliers reported a severe shortage of sugar. ▪
Columbia introduces quality seal   To support the country's producers accessing domestic and international markets, Corporación Colombia Internacional (CCI) has launched a new quality certification for agricultural products with a strong focus on environmental responsibility. ▪

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