Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 09 June 2016

Hello, dear reader!
AB InBev and SABMiller stay in the headlines as they get closer to a green light in China. Japan's Rakuten and Australia's Amcor streamline their operations in Europe. Metro experiments with robots and Aldi supports sustainability in Africa. In the US, Target approaches its suppliers for help and three Canadian companies report results. Enjoy the read and don't forget to share.


asia & Australia
Fighting for profit   In order to align capacity with demand, Australian packaging giant Amcor will streamline its operations in Europe and restructure or close several plants in developed markets +++ Online surfwear retailer SurfStich has appointed a new chief executive after warning it will plummet into the red. ▪
AB InBev to get Chinese nod   The mega merger with competitor SABMiller is close to getting approved in China after both companies agreed to divest some assets. In South Africa, however, the unions are set to fight for better deal conditions which triggered AB InBev to top up its offer for shareholders. ▪
Investments in India   Convinced that the South Asian country will become a major online-shopping market, Amazon pumped another US$ 3 billion into its local unit. Overall, US companies plan to spend US$ 45 billion in India in the next 3 years. ▪
europe
Rakuten targets Germany    Following a strategic review of its operations in Europe, the Japanese e-commerce retailer has decided to close its operations in the UK, Austria and Spain. Instead it will focus on Germany and France as markets with potential for sustainable growth. ▪
Carrefour seeks approval   The French powerhouse has agreed to give up three supermarkets in Romania, to get the 'thumbs up' for taking over the Billa supermarket network, which it purchased last year from Rewe Group. In Madrid, the retailer has created a 'street market' format. ▪
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Metro trials robots   The German retail group is testing robot technology from startup company Starship in Düsseldorf, with autonomous robots to help shoppers carry their purchases through a store. Starship believes that they also could be used to make home deliveries for online shoppers. ▪
usa & canada
Target wants suppliers' help   The US retailer is requesting its suppliers take on an extra 3-5% of the cost of promotions and price cuts on slower-selling products in several departments. 12 companies have confirmed that they were asked to pay more.  Target reported declining sales in its recent fiscal quarter. ▪
Canadian results   Montreal-based Dollarama starts with a sharp increase in profit and plans to open 60-70 new stores this year. Yoga-wear retailer Lululemon narrowly missed analysts' estimate due to higher costs and Sears Canada reports a C$ 63.6 million net loss in Q1. ▪
Sustainably made shoes   Footwear chain DSW takes personalisation to a new level by partnering with 3D footwear printing specialist Feetz to create custom fit, sustainably made shoes. A combination of technology and craft will make new shoes within hours. ▪
africa
Aldi partners for charity   The German discounter has formed a three-year partnership with charity Farm Africa to help young people grow and sell more crops (paywall). Aldi will donate GBP 260,000 to the 'Growing Futures' project in Western Kenya, which focuses on sustainable agriculture.  ▪
Gains and losses in Zimbabwe    Harare-based retail giant OK Zimbabwe recorded a huge decline in profit for the year to March 31, 2016 as persistent economic headwinds hampered business operations. Meanwhile, market share for smartphone maker Huawei continues to grow in the country. ▪

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