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Retail Update - powered by LebensmittelZeitung
Friday, 15 July 2016

Hello, subscribers!
In China, Tmall uses subsidies to target smaller cities; finalising their alliance, Ahold and Delhaize prepare to merge by selling some US stores; and also in the US, the private holding company The Guess Corp plans large acquisitions. Also, find out how Pokemon GO can help retailers increase foot traffic. Have a great day, and don’t forget to share.


asia
Tmall subsidises   In an effort to strengthen its position in lower-tier cities, the Alibaba-owned online supermarket is offering subsidies valued at US$ 599 million to vendors and consumers +++ In Bangkok, Ascend Commerce has spent more than US$ 8.5 million to branch into e-commerce and develop WeMall, which will feature over 1000 brands next year. ▪
Sresta seeks buyer   India’s largest producer of organic food is looking for a buyer.  Sresta is currently talking with private equity funds and a deal is likely to be in the region of US$ 100 million +++ In other news, rising food prices have increased India’s wholesale price index to 1.62% for June. ▪
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SM Investments gets green light   Philippines-based department store SM has gained approval from the Securities and Exchange Commission (SEC) to merge more than 1,300 family owned specialty stores into SM Retail Inc. Brands in the merger include Ace hardware, Our Home and Baby Company. ▪
europe
Ahold & Delhaize sell stores   In an effort to get clearance for this month’s merger, the Dutch and Belgium grocers will sell 86 of their US stores, 4.1% of their combined stores in the country +++ In a deal subject to approval by the competition watchdog, The Cooperative Group has sold 298 small stores to convenience store specialist McColl’s Retail Group. The deal is worth GBP 117 million. ▪
Sainsbury’s wins    Following a dispute with Mastercard, a London judge has awarded the UK supermarket chain GBP 69 million. According to the judgement, the credit card company’s charges "restricted competition by object and effect". ▪
Jobs go up in smoke   Due to reduced smoking in western Europe, British American Tobacco will cut 950 jobs at its factory in Bayreuth, Germany, to save costs. The London-based tobacco company says the job reductions will take place over two years. ▪
usa & argentina
Conglomerate buys big   The Guess Corp, a North Carolina-based conglomerate, plans to purchase at least 1,000 US convenience stores over the next 12 months. The properties will be renovated and re-branded and provided with enhanced customer relationship management (CRM) technology. ▪
‘Grape’ news for Argentina   They first applied for access in 2012. Now,  the South American country can export fresh table grapes to China. In 2015, the world's second largest economy imported 216,000 tons of table grapes worth US$ 586 million. ▪
Walmart opens centre     In order to hire about 300 people for a new store in Hamilton, USA, which is planned for the fall, the US retailer has opened a temporary hiring centre +++ Pokemon GO has hit the world by storm, and industry experts say it could revolutionise brick-and-mortar retail. ▪
africa
Brexit helps Citrus growers    The South African citrus industry has been hampered by citrus spot outbreaks over recent years, falling foul of the EU's stringent import requirements. However, thatnks to Brexit, growers expect Britain to introduce its own less strict plant-health regulations, which should make citrus exports to the country easier. ▪
Cashbuild enjoys growth   Things are looking good for the South African building materials retailer. They have opened 20 stores since July 2014 and seen revenue grow 9% in the fourth quarter to June +++ Meanwhile, retail sales in South Africa for May were better than expected, increasing 4.5% year on year. ▪

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