Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 30 June 2016

Hello, dear reader!
Walmart has another go at Amazon and got more than it bargained for in China. Delhaize and Albert Heijn are set to improve their product range. Over in the US, social media company Pinterest makes shopping easier, and in India, Flipkart calls for a lobby to counter brick-and-mortar retailers. In the political arena, the EU puts its foot down in the glyphosate battle and Russian President Vladimir Putin has countered EU sanctions. These stories and more are featured in today's issue. Enjoy your Thursday read. 


asia
South Asian ambitions   Tesco Thailand's Lotus business aims to double its e-commerce shopping sales annually for the next three to five years and Indonesia's largest convenience store operator Alfamart partners with online platform Tokopedia, allowing customers to pay for items bought online. ▪
Flipkart protects e-commerce    The Indian online giant wants to create a lobby group with other e-commerce companies to counter brick-and-mortar retailers, which are seen to be influencing government policies. The company has also expressed concern over a clause relating to tax collection at source. ▪
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Back in the black   Food conglomerate Del Monte Pacific, which is listed in Singapore and the Philippines, recorded a net profit of US$ 51.5 against a prior loss of US$ 43.2 and achieved full year sales of US$ 2.3 billion. It's US subsidiary Del Monte Foods generated revenue of US$ 1.8 billion. ▪
Europe
Healthy and innovative efforts   Belgian retailer Delhaize, which recently sold it's pet food chain Tom&Co to focus on high quality food, reinforces product innovation capabilities by partnering with software company Trace One Platform. Meanwhile, Dutch supermarket chain Albert Heijn plans to introduce healthier recipes for several of its private label products. ▪
Spanish dairy investment   Grupo Leche Rio, the biggest milk processing company in Galicia, a region that produces 50% of the milk for the Spanish market, has spent EUR 3 million in its processing plant, investing in technology for packing UHT milk in Tetra Brik Mid format. ▪
Administration matters   While British convenience store chain My Local has formally entered administration and shut down almost 90 stores across the UK in the past few days, high street chain Store Twenty One works hard to avoid bankruptcy by proposing a significant restructure of the company. ▪
USA & Canada
Walmart challenges competitor   The US retail giant is stepping up its battle with Amazon by expanding its free two-day shipping programme. In other news, it has been revealed that Walmart's recent deal with JD.Com includes terms to increase its investment in China. Back in the US, the company faces a counter lawsuit from Visa. ▪
Understanding consumers   Specialty grocery chain Whole Foods Market is teaming up with analytics provider Nielsen to obtain a deeper understanding of its assortment and customer base, and luxury retailer Nordstrom plans to align operations of its omnichannel business with the rest of the enterprise. ▪
Shopping with Pinterest   The San Francisco-based app company, which claims 100 million monthly users, is making it easier for consumers to shop and buy on its site by unveiling a collection of new tools, including a way to search within a pin to find products. ▪
What to watch
EU approval for glyphosate   As expected, the European Commission has extended the license for the common weedkiller for 18 months. US agribusiness giant Monsanto, which sells glyphosate as key ingredient under trade name Roundup, expressed disappointment for failing to reach a proper decision. ▪
Digital developments    The future of consumption in China is digital, consumer-driven and aided by safe mobile payment systems, according to the World Economic Forum. As online channels continue to grow, retailers must deliver a positive customer experience across four key factors – ease, product, service and fulfilment. ▪
Tit for tat  Russian President Vladimir Putin has extended the ban on food imports from the West until the end of 2017. His actions are seen as retaliation for the EU's decision to prolong sanctions against the Kremlin for another six months.   ▪

 


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