Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 15 August 2016

Hello, dear reader!
Britain's largest retailers are collaborating to improve supply chain efficiencies. US giant Walmart drops price matching and is determined to grow in Canada. Carrefour will focus on smaller formats in China, similar plans are announced in Kenya by struggling chain Uchumi, and Heineken has some advice for sponsorships. Enjoy our news collection and have a great start to the week.

asia & australasia
Focus on small formats   Carrefour will open 40 to 50 new convenience stores in Shanghai and 14 “Carrefour Easy” stores by the end of this year. At the same time, the French retail heavyweight will expand its online operations from Beijing and Shanghai to Chengdu in the Sichuan Province. ▪
Peer pressure   Australian retail conglomerate Wesfarmers has urged discounter Aldi to sign up to a new tax transparency code that has big businesses releasing detailed information about the taxes they pay. Over in India, online marketplace Snapdeal is rolling out its next-day delivery service across 104 cities. ▪
Positive signals   In the wake of the collapse of Dick Smith, Australian electronics retailer JB Hifi posted an 11.5% increase in its full-year net profit to A$ 152.2 million. Last week, JB Hifi has been given the all clear to buy whitegoods retailer The Good Guys. ▪
europe & middle east
Change through collaboration   Retail and FMCG giants in Britain, among them Asda, Mondelēz, Co-op, Nestlé, Ocado, Sainsbury's and a lot more, have joined GS1, UK's new retail advisory group, chaired by Tesco and Unilever. Key objectives are to provide industry-wide solutions and deliver efficiencies throughout the supply chain. ▪
Shufersal under scrutiny   Following a recent contamination with salmonella, a class action suit against Israel's leading retail chains Shufersal and Yohananoff as well as Shamir Salads and Prince Tehina was filed. The claimants demand compensation for negligent inspection. ▪
Commitments and experiments   Amsterdam-based beverage giant Heineken is determined to switch to renewable sources to preserve the environment in Mexico. In New Zealand, the brewer experiments with beacons to get the attention of consumers and has also some advice for Olympic Games sponsorships: Less is more. ▪
usa & canada
Walmart soldiers on    After eliminating its price-matching policy at 500 stores recently, the retail behemoth added another 300 locations to that list. In Canada, Walmart is taking a big bite out of the traditional grocery store market, and at its headquarter in Bentonville, details about its newly opened culinary innovation centre have emerged. ▪
Department store statements   Nordstrom has partnered with Aimia, a data-driven marketing and loyalty analytics company, to expand its loyalty programme across the US, Canada and Puerto Rico. Meanwhile, J.C. Penney's quarterly loss more than halved as the company cut costs and enjoyed higher sales. ▪
africa & latin america
Uchumi changes strategy    The Kenya-based supermarket operator will focus on smaller formats in a new business strategy aimed at improving its efficiency. The company has also suspended plans to raise 5 billion Kenyan shilling from a strategic investor and bets instead on the support of the government. ▪
Great expectations   Lojas Americanas, Brazil's leading nonfood discounter, delivered profit growth in the second quarter that exceeded analysts' estimates, earnings surged 28%. Meanwhile, Peruvian agribusiness group Camposol expects to reach its full potential in the frozen fruit category in 2016-17. ▪

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