Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 01 June 2016

Hello, dear reader!
Retail heavyweights Walmart, Carrefour and Metro expand in China, while US chain Krispy Kreme and Saks see growth potential in Canada and Alibaba partners in Israel. Switzerland's Coop teams up with a German vegan chain and in Britain, another high street retailer bites the dust. Finally, the brewing merger between AB InBev and SABMiller has reached another milestone in Africa. 

Asia & Middle east
Alibaba invests in Israel   Tel Aviv-based startup Twiggle, which is developing next generation e-commerce search technologies, has added the Chinese online giant as its latest investor. In other news, it was announced that Japan’s Softbank is selling US$ 7.9 billion worth of Alibaba shares. ▪
Stepping up in China   US big box retailer Walmart is tweaking its business model to address the growing Chinese middle class +++ Germany's Metro Group opened two My-Mart convenience shops in Shanghai, and France's Carrefour launched its 5th logistics hub in Guangdong, pushing its expansion in southern China. ▪
Alfamart overhauls service   The Indonesian retailer is reinventing its online shopping service by replacing its existing shopping website with new e-commerce platform Alfacart and will utilize its 10,000 store network as pickup points. Alfamart is also expected to open another 1,200 convenience stores this year. ▪
Austin Reed collapses   More than 1,000 jobs are to be lost when 120 stores of the British menwear chain close down after administrators failed to find a buyer for the majority of Austin Reed’s stores. No offers have been received despite a five-week sale process. ▪
Commitments in Switzerland   Basel-based retail group Coop has enhanced its vegan and vegetarian product offerings through establishing a partnership with German chain Veganz +++ Paymit and Twint, (paywall) two leading Swiss mobile payment solutions, have announced that they will merge and operate under Twint. ▪
Aldi tackles food waste   The Irish unit of the German discount powerhouse has joined the growing number of supermarkets pledging to donate their surplus food to charity. Aldi Ireland is linking up with FoodCloud, a not-for-profit organisation that connects businesses with local charities. ▪
usa & canada
Moving on    Less than a month after a federal judge blocked its merger with office-products retailer Staples, Office Depot is regrouping and finalising its comprehensive strategic review. Meanwhile, Staples is getting a new boss. CEO Ron Sargent will step down this month. ▪
Canadian growth potential   Doughnut and coffeehouse chain Krispy Kreme is on the rise again in Canada. It plans to launch as many as 50 stores in two provinces, while posh department store company Saks Fifth Avenue is set to open its third location in the country, in Calgary, Alberta. ▪
Target ends pickup partnership   The second-largest discount retailer in the US has reportedly decided to terminate its partnership with online pickup service Curbside, which has been running since October 2014. It will now focus on core digital offerings. ▪
Another approval for brewing deal   The conditional approval from South African anti-trust regulators for Anheuser-Busch InBev’s acquisition of SABMiller brings the creation of the world’s biggest brewing group a step closer. ▪
Choppies enters Kenya   The Botswana-based supermarket chain has finally succeeded in its quest to enter Kenya's retail space through the acquisition of Ukwala Supermarkets stores. Choppies announced its takeover of eight Ukwala outlets across the country. ▪
Cash is king for Mr Price   South African clothing retailer Mr Price reported a double-digit rise in full-year profit and sees itself well positioned as a value retailer, which sells 83% of its products for cash. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by