Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 05 July 2016

Hello, dear reader!
Aldi takes on Ikea in Australia with the launch of a furniture collection. Sainsbury's calls it quits and finishes its trial with Denmark's Netto, while beverage giant Diageo is having a go on non-alcoholic drinks. Office retailer Staples considers to review its European operation and a newly merged coke bottler has started in Africa. These stories and more are featured in today's issue. 


asia & Australia
Aldi sells furniture Down Under   The German discount giant has launched its own furniture collection in Australia with replicas from well-known designers at a fraction of their actual price. The move has been touted as a serious threat to Swedish furniture retailer Ikea. ▪
Merger buzz in India   Online fashion portal Jabong is in high demand. Alibaba, Future Group and Flipkart's Myntra are top bidders for the Rocket Internet-backed company. This could be seen as a sign that the consolidation of the country's overcrowded e-commerce sector has begun. ▪
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europe
Shutting down stores   British retailer Sainsbury's and Dansk Supermarked have announced the termination of their two-year-old joint venture. All 16 Netto test stores in the UK are expected to close. Over in Germany, Metro Group (German/paywall) has decided to shut down the bricks and mortar stores of multi-channel grocery retailer Emmas Enkel, Lebensmittel Zeitung reports. ▪
Investments and commitments   Beverage giant Diageo has made its first investment in a non-alcoholic drinks company and taken a minority stake in British start-up Seedlip +++ Majestic Wine, UK’s largest wine specialist, has become the latest company to agree to pay its workers the voluntary Living Wage. ▪
Tesco pays more for milk   Following it's Fair For Farmers initiative, which was launched last week and pledges that all milk sold in its supermarkets is 100% British, the supermarket operator has confirmed that it will pay dairy farmers more for fresh milk from 1 August this year. ▪
usa & africa
Staples reviews UK operation   The US stationery chain is considering pulling out of Great Britain, where its local unit operates 107 stores across the country. The move is seen as a result of the failed merger with US rival Office Depot and would be another blow to Britain’s struggling high street. ▪
Expansion plans   While other big-box stores downsize, PGA Tour Superstore, which specialises in golf retail, is set to open a huge store in Houston. Pennsylvania-based convenience store chain Sheetz announced plans to open four new outlets and home furnishing powerhouse Pottery Barn unveiled a newly designed shop in California. ▪
African coke company gets going   Coca Cola Beverages Africa, the merger of SABMiller’s non-alcoholic beverage businesses with those of Coca Cola and Gutsche Family Investments, has gained all necessary approvals from authorities and started operating this week. ▪
insider insights
Staying on top of the game   Despite having no store estate, British online supermarket Ocado has ranked as the UK’s best supermarket for a number of years. Chief of Technology, Paul Clarke, talks about logistics and more behind the format. ▪
Global food prices to stagnate   As the population growth rate declines and income expansion in emerging economies slows, food prices will be at a standstill over the next decade, according to the Organisation for Economic Cooperation and Development. ▪

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