Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 26 July 2016

Greetings!
The Australian grocery market is experiencing its biggest change in recent years as German discounter Aldi is eating away at the established grocers' market share. While US-retailer Hastings Entertainment is going out of business, European companies Les Mousquetaires, WHSmith, and Hobbs are all expanding abroad. Enjoy the read!


Asia & South Pacific
Baidu boss scraps plan   Robin Li, CEO of Chinese search giant Baidu, has dropped his plan to buy out the shares of the company’s video-streaming service Qiyi.com in a US$ 2.8 billion bid following an objection of a major shareholder. ▪
Liquidating Dick Smith   The creditors of the defunct Australian electronics retailer have voted in favour of liquidisation +++ In New Zealand, the locations of the Countdown supermarkets affected by the store closures of its Australian parent Woolworths have become known. ▪
Aldi shakes Australian market   The Australian Competition and Consumer Commission finds the German discounter to have caused the "biggest change" in the grocery market there in recent years as Aldi's share reaches about 10%. Data trends suggest a danger of deflation or a persistent fall in the general level of prices in Australia. ▪
europe
Expanding internationally   The owner of Intermarché, French retail group Les Mousquetaires, plans to invest EUR 200 million to open 63 new stores in Portugal by 2020 +++ British bookseller and stationer WHSmith has opened its first store in Norway at Stavanger airport +++ Following a recent jump in profits, UK clothing retailer Hobbs is making plans to accelerate its US expansion. ▪
Authorities decide   Brussels has given the nod to the Spanish agricultural sector to rise the farm gate price of fruit and vegetables during situations of crisis. Farm gate prices for Spanish fruit and veg will rise by about 30% +++ European retailers have expressed their concern over the bill imposing a progressive levy on retailers in Poland. The parliament passed the bill late last Friday.  ▪
Measures for sustainablity   While British grocer Tesco is to remove popular tinned tuna brand John West from its shelves after a sustainability review, Anglo-Dutch consumer goods company Unilever launched a new initiative to cut levels of food waste in the UK. Over in the US, Walmart will reduce food waste by selling 'ugly' fruit and veg. ▪
USA
Out of business   Creditors of the bankrupt sporting goods chain Sports Authority have filed for the case to be converted to Chapter 7, which would expedite store closings and have a trustee appointed to oversee the end +++ Retail chain Hastings Entertainment started going-out-of-business sales at all Hastings locations as it failed to find a buyer. ▪
Dwindling revenue for Apple   Analysts expect the tech giant to reveal revenue figures, which decline 15% from the comparable year-ago period. In Taiwan, Apple is looking to fill positions at its first retail store in the country. ▪
Donna Karan sold to US-Group   G-III Apparel is buying the money-losing fashion label from French luxury group LVMH for US$ 650 million. ▪
industry insights
Retailers' worries   A recent survey looks at the top concerns of US retail executives as they are feeling the pressures of a rapidly evolving sales landscape. Lululemon's CEO Laurent Potdevin trusts he can navigate his company through challenging times once the athleisure bubble has come to pop. ▪
Sustaining growth   Jim McCann, founder of 1-800-Flowers, shares some of his formula for sustaining growth.  Marc Lore, CEO and founder of Jet.com, is optimistic there is room for his company in an Amazon-dominated e-commerce world.  ▪
Digital importance   Walgreens' marketing professionals Deepika Pandey and Ray Kim explain the success of the company's mobile app.  Dax Dasilva, founder and CEO of Lightspeed, describes the importance of omnichannel for the retail sector ▪

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