Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 09 August 2016

Greetings!
There was substance behind speculations about the biggest deal in US e-commerce start-up history - Walmart makes its acquisition of online retailer Jet.com official. Rumours have been rejected in Africa, where Kenyan supermarket chain Nakumatt denies that the chain is closing its operations in Uganda. Find out more about these stories and other news, and read what Aldi UK CEO Matthew Barnes has to say about the discounter's image transformation. Enjoy!


asia & Australia
Amazon Japan raided   The Japan offices of the e-commerce giant have been searched following possible antitrust violations. In India, where the company contends with Flipkart for the largest online marketplace, Amazon has hit record sales during its "Great Indian Sale" event. ▪
Acquisitions intended   In an offer which remains subject to regulatory approval, Chinese appliance giant Midea has won almost 95% of German robotics firm Kuka. In Australia, a syndicate of investors has emerged as rival bidder for Woolworths' Masters chain (paywall). The firm behind the float of collapsed retailer Dick Smith is now going after Woolworths' wholesaler Home, Timber & Hardware ▪
David Jones plans food offering   The Australian upscale department store, owned by South African retail group Woolworths, is preparing its big push into grocery (paywall) with a joint venture deal between South Africa’s In2Food and Australian wholesaler Yarra Valley Farms. ▪
Europe
Brands and stores change hands   British upmarket crisp maker Tyrells has been bought by US Amplify Snacks in a deal valued GBP 300 million. Italian mineral water maker Sanpellegrino is selling its Recoaro mineral water brand to Dutch multinational Refresco. Finnish retailer Kesko has sold all of its Intersport stores in Russia to an unnamed buyer at an undisclosed price.  ▪
Tesco takes Payqwik nationwide   After successful trials in Edinburgh and London, the British grocer aims for a nationwide roll-out of its mobile payments app by the end of the year +++ In Malaysia, Tesco is changing its strategy to adopting smaller store formats with simplified operations and a wider variety of offerings. ▪
Insights into Aldi UK   The UK CEO of the discounter, Matthew Barnes, has talked to The Telegraph about how the discounter has successfully widened the appeal of the brand in recent years and won over the middle-class. ▪
USA
Walmart to buy Jet.com   The retail giant is hoping to jump-start its online business by buying e-tailer Jet.com, which has quickly grown from e-commerce start-up to become a serious competitor for Amazon, for US$ 3.3 billion +++ Consumer goods company Procter & Gamble eyes acquisitions as a way to speed up sales growth. ▪
Micros got hacked   Oracle's payment terminal business, which is used at more than 330,000 sites in 180 countries, including major retail chains, suffered a hacker attack. The hackers potentially accessed sales registers all over the world. ▪
Lowes' digital coupon solution   As the first supermarket retailer, the grocery store chain is launching an integrated digital coupon solution. A newly developed platform will integrate the coupons directly into its e-commerce and e-circular programmes. ▪
Africa
Steinhoff faces 'bumpitrage'   The move by US hedge fund Elliott Management to bump up its stake in Poundland to about 17.5% within days of the British discount chain agreeing to be bought by Steinhoff, is considered post mergers and acquisition arbitrage, or 'bumpitrage'. The acquisition turns out to be a rough ride for the South African retailer. ▪
Kenyan supermarkets under pressure   Nakumatt denies reports that it is on the verge of closing its operations in Uganda. Instead, it was streamlining its operations in the country in order to increase efficiency and robustness +++ The Kenyan government has gathered enough evidence to push charges against those who mismanaged the assets of ailing chain Uchumi. ▪

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