Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 19 September 2016

Hello, dear reader!
More international retailers develop an interest in the Indian market, after the government has relaxed its FDI policy. Bosnia is set to combat food waste, while British American Tobacco plans to acquire a local firm in the country. Meanwhile, artificial intelligence, augmented reality and the rise of robots gain traction in the US. Enjoy your Monday bulletin and have a great start to the new week.

Eyeing India   Since the Indian government allowed 100% foreign direct investment, some of the largest food manufacturers and grocers from the UK, Italy and Brazil have expressed an interest in the Indian market, including Tesco, Sainsbury's and Harrods, preferably with a local partner. ▪
Festive season is looming   Leading Indian online marketplace Flipkart is set to get exclusive partnerships with its appliances business to lure buyers away from closest rival Amazon. Unfazed, the Seattle-based e-commerce major bets big on Prime in India, where it has already tripled the number of sellers. ▪
Samsung struggles for cash   The recall of 2.5 million Galaxy Note 7 smartphones has left the South Korean tech powerhouse desperate for cash. Samsung has sold off its stakes in several tech companies to free up money. The total proceeds from the sales reportedly exceeded US$ 888.85 million.  ▪
Focus on Bosnia and Croatia   British American Tobacco wants to acquire the tobacco assets of Bosnian firm Fabrika Duhana Sarajevo. In Zagreb, Croatia's first 'surplus food outlet', Zabac, has opened with the goal to combat waste, and local company Bingo is set to become the largest food retailer in Bosnia and Herzegovina. ▪
M&S gets trendy   Multinational retailer Marks & Spencer, which has inked a deal with British Airways to sell sandwiches on short-haul flights, is also testing in-store lockers as it attempts to tap into the burgeoning trend for click-and-collect. ▪
EU targets more multis   As the commission steps up its crackdown on so-called sweetheart tax deals, more multinationals, including Amazon, are next in line. US fast food chain McDonald's could face an order to pay nearly US$ 500 million in back taxes to Luxembourg, according to a Financial Times analysis (paywall). ▪
usa & canada
Store conversions   Idaho-based grocery chain Albertsons has acquired three former Fresh Market stores in the Dallas area and will reopen them under its Tom Thumb banner +++ Canadian food retailer Sobeys is pondering a discount format rollout of its struggling Safeway stores in the western part of the country. ▪
Artificial intelligence awakens   San Francisco-based computer company Salesforce introduced artificial intelligence programme Einstein, a software aimed at salespeople. As robots become more of a norm, legislatures will have to define regulations and protections for them and companies using them. ▪
HSN offers experiential app   The interactive multichannel retailer announced the launch of an augmented reality design app, powered by company Cimagine. The experiential mobile technology allows users to virtually place more than 1,000 home décor and furnishings objects in their own homes. ▪
Kilimall increases its range   The online retail platform that launched operations in Kenya two years ago, has spread its presence to neighbouring Uganda and Nigeria, where shoppers are increasingly embracing online shopping in tandem with a rapid growth of technology. ▪
Thinking like millenials   Kenyan giant Safaricom, one of the earliest telecoms in the region, thinks ahead as competition is becoming more intense. The company has been going through a transformation over the past year and is now focused on changing itself into a “consumer-led” business. ▪

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