Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 12 July 2016

It is Prime Day today and in the US, many retailers tackle Amazon's sales event with their own special deals. While Alibaba launches a virtual reality shop, Walmart is taking its revamping strategy to the shop floors by deploying new 'quality carts'. In Europe, Lidl has announced its biggest investment in Spain so far, and Metro makes an acquisition in France. Enjoy the read!

Alibaba's virtual reality   The Chinese e-commerce giant will launch a virtual reality demonstration shop this month and could roll out the technology broadly by the end of the year. Lawsuits such as the recent probe by the US SEC do not scare the behemoth. CEO Jack Ma said those can rather be regarded as opportunities. ▪
Challenges in e-commerce   New tax regulations on search advertising in China will have an impact on the earnings of the likes of Alibaba and Baidu +++ In India, the e-commerce market is getting awfully tight with the two big domestic players, Flipkart and Snapdeal, and one big international player, Amazon. Snapdeal is expected to get the short end of the stick. ▪
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Chinese FMCG in the lead   At a growth rate of 4.4% last year, domestic fast moving consumer goods grew twice as fast as global brands in China +++ The EU currently negotiates an investment agreement with China, which shall include new regulations regarding market access for European companies in China. ▪
Investments in the South   German discounter Lidl has announced its largest investment in Spain to date, totalling EUR 350 million, as it plans to open 40 new shops in the country this year +++ In Italy, food retailer MD plans to open 44 new supermarkets by 2017. ▪
Metro acquires in France   Germany's largest retail group will buy French foodservice distribution company Pro à Pro from Belgian retailer Colruyt in a move to expand further in France. In Germany, the retailer has announced the opening of the biggest logistics hub with an area of more than 220,000 square metres. ▪
Success in Scandinavia   The largest producer of dairy products in Scandinavia, Arla Foods, has managed to move up to become the fourth biggest dairy firm worldwide. ▪
Retailers take on Prime Day   Many retailers, amongst them Macy's and Target, counter Amazon's Prime Day with their own special deals. Walmart offers no minimum purchase for free shipping. Amazon itself is pushing voice shopping by offering exclusive Prime Day deals for Amazon Prime members who use the Alexa voice-activated artificial intelligence platform. ▪
Pet stores merger   Florida-based Pet Supermarket and Canada's Pet Valu merge into the new brand Pet Retail Brands, which becomes the third largest pet specialty retailer in North America. The deal is expected to generate approximately US$ 1 billion in sales. ▪
Innovations and commitments   Walmart has begun introducing specialised carts at its stores, which are designed to keep employees out on the floor culling produce and reducing wastage. Competitor Kroger has outlined how it will increase its efforts toward sustainability by 2020. ▪
Latin america & Africa
Taxes against obesity   Despite Mexico's tax on fizzy drinks, overall sales at Coca Cola and PepsiCo in the country have grown consistently after an initial decline, helped by sales of flat beverages +++ In South Africa, first details about the planned sugar tax have been revealed. ▪
Scaling back in Venezuela   Amid the economic crisis in the South American country, personal care products maker Kimberly-Clark joins a number of multinational corporations in scaling back operations in Venezuela. The government announced it was taking over and re-activating the halted plant.  ▪
Monid buys in Russia   The Johannesburg-based packaging and paper group is acquiring Russian flexible packaging maker Uralplastic to strengthen its presence in the Russian market. ▪

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