Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 20 July 2016

Greetings!
The approved merger between Fnac and Darty creates the largest electrical goods retailer in France. Only one day after the news of South Korea's Emart entering the market in Mongolia, Spar has announced plans to take up operations in the East Asian country. Amazon continues its push in India and plans new headquarters in Spain. Enjoy the read!


asia & australia
Spar to enter Mongolia   In a new partnership with one of the country's leading retailers, Max Group, the Netherlands-based grocer plans to open up to 60 Spar-branded multi-format stores in Mongolia by 2020. The East Asian country will be the 43rd state where Spar has operations.  ▪
Targeting India   While US e-commerce giant Amazon is planning to invest US$ 300 million to launch its video streaming service 'Amazon Prime' in the country, the Indian subsidiary of Walmart has tied up with data analytics firm Plumb5 to customise communication with its members and provide 'real-time personalisation'. ▪
Defecting to IGA   Australia’s IGA network claims it is picking up the shoppers that Woolworths is losing and says independent supermarkets are increasing their market share, contrary to what analysts believe. ▪
europe
Fnac-Darty deal cleared   The French competition authority has approved the takeover of appliance and electronics retailer Darty by music and book chain Fnac for GBP 900 million +++ In Britain, chilled logistics firm NFT Distribution has acquired another temperature controlled distribution specialist, NR Evans, in a deal valued at approximately GBP 20 million. ▪
Growing in Spain   US online retailer Amazon announces new and bigger Spanish headquarters, which will open in Madrid in summer 2017, creating hundreds of new jobs. Spanish supermarket chain Eroski will expand its petrol station network as part of its strategy to increase the competitiveness of its stores. ▪
Some My Local stores bought   The administrator of the collapsed convenience store retailer confirmed that a total number of 26 My Local stores has been sold, safeguarding 372 employees. The Co-op is facing a probe by the competition authorities over its acquisition of eight stores from the collapsed chain. ▪
USA & canada
Battling rivals   Department store retailer J.C. Penney is implementing an aggressive price strategy for appliances, trying to regain market share from competitor Sears. Over in Great Britain, the management of supermarket chain Sainsbury's has warned rival Asda (paywall) against its 'illogical price war'. ▪
Payment options   Swedish home furniture retailer Ikea aims to make Ikea Canada more accessible to its customers by adding a PayPal payment option for online purchases.  In Germany, Aldi Süd has become the first discounter in the country to accept payments with American Express. ▪
SuperValu rebrands   The fifth-largest food retailer in the US will convert the 22 Food Lion stores it bought in connection with the merger of Ahold and Delhaize into its own Shop ‘N Save format. ▪
sustainability matters
Reports and strategies   Personal care consumer product manufacturer Kimberly-Clark builds on the success of surpassing its goals as revealed in its latest sustainability report and establishes a new six-year strategy. Results from US retail chain Target's sustainability report reveal that the company reached ten of its 20 goals for 2015. ▪
Curbing food waste   In a project run by supermarket chain Asda in partnership with the University of Leeds customers have cut food waste and reduced their shopping bill, saving an average of GBP 57 a year. ▪
Saving around the house   According to a survey, 63% of Australians want to be more sustainable in their home but fear the costs involved while retailers estimate that consumers can save up to hundreds of dollars per year when using more sustainable solutions. ▪

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