Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 02 August 2016

Greetings!
In the shadow of the overpowering presence of Alibaba in China, Amazon is taking a detour to evolve in the market and has rolled out a version of its Japanese site in Chinese. Pepper, the humanoid robot, will soon be operating at some Taiwanese Carrefour stores, its first market outside Japan. In Britain, the supermarket price wars enter yet another round. Enjoy the read.


asia & australia
Stepping up efforts in China   British supermarket Sainsbury's is doubling the number of products it sells via Alibaba's international shopping site Tmall +++ E-commerce giant Amazon quietly launched a Chinese-language version of its shopping site in Japan +++ English luxury fashion house Burberry has acquired the remaining interest in its Chinese retail business.  ▪
Strategies & partnerships   Tata group's Trent is set to revamp its Indian hypermarket chain Star Bazaar with the help of specialists from British partner Tesco as the chain continues its gradual expansion +++ Alibaba entered into a partnership with French insurer Axa as part of its battle against counterfeit goods +++ UK's largest kitchenware retailer Lakeland partnered with Australian electronics company The Good Guys to roll out 12 ‘shop-in-shops’ across Australia by Christmas. ▪
Robots at Taiwanese supermarkets   SoftBank's humanoid robot Pepper will be launched in Taiwan later this year, where they will operate at Carrefour supermarkets ▪
europe
Morrisons lowers prices   The British supermarket chain announced major price cuts of an average 18% in response to fears that the Brexit will lift shoppers’ bills. At the same time analysts expect the recent reductions by the big four supermarkets to start slowing the growth of the discounters (paywall). ▪
Alliances & acquisitions   Recently merged Ahold Delhaize will be a member of European purchase alliances AMS and Coopernic +++ Maxima Bulgaria, a subsidiary of Lithuania-based Maxima Group, has acquired 12 stores in Bulgaria from German discounter Penny Market, part of the Rewe Group.  ▪
Sweet deal   Italian confectionary brand Ferrero placed a bid to buy Belgian biscuit maker Delacre, which is currently owned by Pladis, a subsidiary of Turkey-based Yildiz Holding. ▪
Metro disappoints  The German retail group has reported third quarter results that don't live up to analysts' expectations. Sales shrank 2.7 per cent to €13.6 billion; operating profit fell to €154 million from €209 million. Currency effects were weighing down the results. Metro Group is planning to split up in two companies next summer.   ▪

 

USA
Verizon spends again   The telecom company continued its shopping spree after the acquisition of Yahoo with the US$ 2.4 billion purchase of Fleetmatics, which makes software for commercial trucking companies. ▪
Focus on technology   Discount chain Target has launched a hiring spree in the tech department. While about 700 engineers were recently hired, there are still about 800 more open tech positions +++ The analytics arm of retailer Kroger has acquired predictive analytics firm Market6, which delivers insights on product movement data. ▪
Walgreens shuts websites   The drugstore chain will pull the plug on its websites beauty.com and drugstore.com in favour of focusing on its core website. ▪
Africa
Saving Uchumi   The Kenyan Cabinet has proposed to pump KES 1.2 billion into the ailing supermarket chain which has to meet a set of new conditions to warrant the bailout. ▪
Pioneer buys Streamfoods   The South African packaged goods company has bought the UK snack maker for GBP 7.5 million to leverage its UK private-label portfolio and its recently upgraded manufacturing capabilities. ▪
Heineken's weak spot   While the world's third largest brewer could post a profit for the first half of the year, the results for developing markets were weaker, particularly within Africa, and are expected to weigh down earnings during the rest of 2016. ▪

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