Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 16 June 2016

Hello, dear reader!
Flying drones commercially is on the agenda in Korea. Over in the US, Walmart considers robots for shoppers. The gloves are coming off between Staples and Office Depot as they fight for customers. South Africa's Steinhoff is working on its first European deal in Britain, where Brexit triggers economic convulsions. These stories and more are featured in today's issue. Please feel free to share.


asia & australia
Korean decisions   Flying drones for deliveries will become legal in South Korea from next month after the law has been revised by authorities +++ US-based buyout firm KKR has signed an agreement with retail group E-Land to acquire the latter’s Kim’s Club hypermarket chain. ▪
Uniqlo has big plans   The Japanese clothing chain is set to grow into a global clothing empire and announced Christophe Lemaire, formerly of Hermes and Lacoste, to head its Paris research center. The company also prepares to open its first stores in Canada. ▪
Ice cream trials and meat wars   New Zealand dairy giant Fonterra wants to sell its famous Tip Top ice cream online in China via Alibaba. Over the ditch, Woolworths has opened a new front in Australia's supermarket price war by announcing significant price cuts to lamb meat with Coles and Aldi to follow suit. ▪
europe
Eying targets overseas   After failed attempts to buy retailers Darty and Argos, South African serial bidder Steinhoff has launched an offer for British struggling discount chain Poundland +++ Chinese tech giant Tencent is reportedly in late-stage talks to buy a majority stake in Finnish videogame company Supercell. ▪
Strong performances   Inditex, the retailer behind the Zara fast-fashion chain, posted an increase of 6% in net profits as sales continued to increase at a healthy pace. Also enjoying strong growth home and abroad is British beauty retailer Holland & Barrett. ▪
ADVERTISEMENT
 
Investing in stores   Italy’s Coop Alleanza 3.0 will spend EUR 104 million in 15 new store openings and the refurbishments of current formats, and Spanish grocer Caprabo has announced plans to invest EUR 4 million into developing 10 new forecourt stores. ▪
usa & canada
Walmart tests robots and more   The US big box retailer wants to bring robotic shopping carts into stores to help shoppers move around. In further efforts to become more efficient, Walmart will cut back-office accounting jobs at about 500 stores and challenges the likes of P&G (paywall) with more store brands and less shelf space. ▪
Brookshire debuts with Spring   Texas-based supermarket operator Brookshire Grocery has agreed to acquire 25 former Walmart Express stores and will convert them to its new Spring Market banner. The acquisition is to be completed in July. ▪
Office supply competition    One month after their failed merger, Office Depot plans to beat Staples during the busy back-to-school season with the announcement to hire 8,000 workers. Meanwhile, Staples retaliates by entering the same-day delivery space with trials in major cities across the US. ▪
developments to watch
Brexit or Bremain   A vote to leave the European Union would cause retailers to suffer and damage the UK economy according to Economist Intelligence Unit. German Retail Blog examines the mixed chalice of Brexit and ponders how one can get Brits to vote for Bremain next week. ▪

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 lebensmittelzeitung.net

ImprintArchive