Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 16 August 2016

Greetings!
Alibaba is expanding its reach into Europe and is also hoping to stir up the market in India. French home improvement and gardening retailer Leroy Merlin targets the South African market and Australian furniture retailer Nick Scali plans to launch in New Zealand. Find out about these stories and more. Enjoy the read!


Asia & Pacific
Expanding the reach   Alibaba's mobile wallet Alipay will extend its scope into Europe by partnering with point-of-sale (POS) terminal vendor Ingenico. In Japan, Amazon starts one-click Prime Video product placements ▪
Investing in India   Chinese investors are eager to invest in the Indian market with its more than 12,000 start-ups. Alibaba has reportedly started talks with Indian e-commerce website Paytm to either fully acquire or own a sizable share in its marketplace business, Paytm Mall. In an interview Arvind Mediratta, CEO of Metro Cash and Carry India, talks about the importance of this market for the German wholesaler. ▪
Stretching into NZ   As part of its plan to open 75 new stores Down Under, furniture retailer Nick Scali, which has recently reported a 53% leap in full-year net profit (paywall), will launch into New Zealand in 2018. ▪
europe
Workforce upped   The opening of Amazon's third warehouse in Doncaster, UK, next year will create 500 permanent jobs in addition to the 3,500 that the e-tailer plans to recruit in the country by the end of 2016. Increased demand due to a heatwave in Britain has led to Morrisons sending out more than 1,000 of its headquarters staff to help at its supermarkets outlets last weekend. ▪
Leroy Merlin eyes South Africa   The French home improvement and gardening retailer, which operates in over 12 countries with nearly 400 stores, is preparing to expand (paywall) to South Africa in 2018.  ▪
Sales plunge   For the first time since 2010 supermarket sales in the UK have dipped below the GBP 100 billion mark during the second quarter +++ John Lewis goes with the UK trend for local and sustainable foods by introducing its 'Made Locally' initiative. ▪
USA
Sales and challenges   Department store chain J.C. Penney, which as reported delivered a 2.2% quarterly same-store sales increase, has sealed a deal to sell its headquarters in Plano, Texas, with plans to lease back about 66% of the building +++  Discount retailer Target is facing challenges in boosting grocery sales as the slow sales of fresh meats and produce are leading to write-offs and eating into profits. ▪
Portfolio broadened   Illinois-based multinational Mondelez acquires the global license to make, market and sell Cadbury-branded biscuits from British Burton’s Biscuit Company +++ Supervalu has reached a long-term supply agreement with The Fresh Market to serve as a grocery wholesaler and distributor to the specialty food retailer. ▪
Engaging with customers   While department store chain Stein Mart has launched a new website which promises a more personalised shopping experience, supermarket chain Publix is extending its social media presence with a blog. ▪
Technology trends
Risky checkout   A study of retailers in the US, Britain and other European countries found self-service checkout technology, including dedicated lanes and smartphone apps, to lead to an increased shrinkage rate for retailers. ▪
Tracking fish   Boston seafood distributor Red’s Best has increased transparency by adding a QR code to the boxes of seafood it sells. This can be scanned by smartphones to show who caught the fish, where and how. ▪

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