Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 19 July 2016

Hello, dear reader!
Walmart intensifies its fight with Visa by blocking the use of their credit cards in some Canadian stores. Alibaba stays in the headlines as it ramps up its presence in Australia and New Zealand, while Korea's leading retailer expands to Mongolia. In the UK, more stores are about to close down and in Africa, Coke moves its headquarters out of Kenya. Enjoy the read.

Asia & south pacific
Alibaba opens in Australia   Jack Ma’s online trading platform is expanding its presence Down Under and will establish an office in Melbourne by the end of 2016. Alibaba representatives are currently visiting Australasia to promote its various platforms as a gateway to China and other international markets. ▪
Reliance rejigs business   The Mumbai-based conglomerate will merge its petrol business with its retail arm as part of its strategy to develop retail offerings at its 361 fuel stations. The group has reported a solid rise in profits and sales, driven by growth at its digital, fashion and lifestyle banners. ▪
Emart enters Mongolia   South Korea's largest hypermarkt retailer continues to expand its presence overseas and announced to open its first store in Ulaanbaatar on July 28. Emart, which belongs to the Shinsegae group, yesterday announced a deal with Walgreen Boots Alliance in its home country. ▪
Store closings in Britain   Department store chain BHS is closing its first 20 stores this week, leaving 580 employees out of work, and budget chain Store Twenty One, which tried to avoid falling into administration, has confirmed it will close 82 stores after its creditors voted for a voluntary arrangement. ▪
Beverage inspirations   Conviviality, the parent company of Bargain Booze, reported a profitable year with group sales up by 137% to GBP 864.5 million +++ In a somewhat quirky approach, Dutch airline KLM and brewer Heineken have teamed up to prove that it is possible to serve draft beer on an airplane. ▪
Local sourcing required   After its adoption by the Romanian Parliament in June, the new law, which demands for at least 51% of the products sold by retailers to be produced in Romania, has been signed by the country's president, Klaus Iohannis and will be in force now. ▪
usa & Canada
Walmart at loggerheads   After it failed to reach a deal over "unacceptably high" fees, the US retail behemoth continues its fight with Visa by blocking the use of the finance company’s credit cards at three of its Canadian stores. Meanwhile, American and Chinese labour groups are collaborating before strikes at Walmart in China. ▪
Hasbro beats expectations    Although the US toymaker reports a slowing growth in the boys division and has lost its "Jurassic Park" license, the surge in sales of girls' toys turbocharged the company's earnings. Revenues for the quarter to June 26 rose 10% to US$ 879 million. ▪
latin america & africa
Sam's launches in Columbia   In a bid to strengthen its foothold in the country, Walmart will open its latest warehouse club store in North East Columbia. It will feature a shopping app and a pick-up facility for customers. ▪
Coca-Cola relocates   The softdrink giant has downgraded its massive regional headquarters in Nairobi and will move most of its operations to South Africa and Nigeria. Kenya is still regarded as a strategic market for Coke's East African activities. ▪
Japan Tobacco deal in Ethiopia   The Geneva-based cigarette manufacturing giant has finalised its bid to acquire 40% of National Tobacco Enterprise from the Ethiopian government for US$ 510 million. Over in the US, Japan Tobacco is set to launch a new, low-priced cigarette. ▪

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