Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 29 September 2016

Hello, dear reader!
AB InBev will become a brewing powerhouse as the last hurdle is out of the way. In the US, Amazon will be part of an artificial intelligence team, while Lidl and Aldi's agressive expansion plans cause some concerns. French retailer Auchan has a new purchasing partner and Russia's X5 Retail invests in pharmacies.  Read these stories and more in today's issue.

asia & new Zealand
Japanese joint venture   Tokyo-headquartered department store operator Isetan Mitsukoshi has announced a mail-order food sales joint venture with vegetable delivery specialist Oisix, hoping to turn around its money-losing existing business. ▪
Store expansions   Apple Korea, which will open its first official store in Seoul, has signed a lease with a deposit of US$ 1.44 million +++ Chinese consumer electronics company Xiaomi is set to launch 1,000 stores, instead of promoting itself on the Internet. The company currently has 25 stores now. ▪
Fashion competition Down Under   Kiwi retailers will have to up their game as two of the world's largest retailers, H&M and Zara, are preparing to debut in New Zealand. Both fashion giants are opening in the same mall in Auckland within the next two weeks. ▪
Megabrew takes final hurdle   Anheuser-Busch InBev NV won approval for its US$ 100 billion-plus takeover of rival SABMiller. Shareholders from both companies voted overwhelmingly in favour of the acquisition, which is one of the largest corporate mergers in history. ▪
Purchasing and other partnerships   French retailer Auchan has announced a purchasing alliance with Boulanger, a specialist in household electrical goods. In Spain, Amazon has teamed up with supermarket chain Dia to launch a fresh food sales trial, and in Russia, food retailer X5 Retail Group partners with pharmaceutical distributor SIA with the aim of opening 3,300 pharmacies in X5 stores. ▪
usa & canada
Aldi gets awarded   The German discounter has earned a gold certification from the US Green Building Council for its environmentally sustainable distribution centre in California. Aldi and arch rival Lidl, which is expected to open in the US in 2018, are regarded as a competitive threat to the industry. ▪
Seeking buyers and sites   Drugstore chain Walgreens is ready to sell up to 1,000 stores to meet regulations for its takeover deal with Rite Aid; however, no one seems to be interested in buying. Arizona-based Sprouts Farmers Markets announced plans to expand to Florida and North Carolina for the first time. ▪
More alliances   Amazon, Google, Facebook, IBM and Microsoft are joining forces to create a new partnership for artificial intelligence. The group is tasked with conducting research and promoting best practices. Online transportation network Uber teamed up with Sears and its loyalty platform to reward its drivers and riders. ▪
Latin America & africa
BRF cuts payments   Brazil's biggest food processor will cut the prices it pays to suppliers as it tries to restore profits that have been squeezed over the past year. The measure is a response to both the country’s economic crisis and the surge in domestic commodity prices. ▪
Sonae acquires in Mozambique   The retail unit of the Portuguese conglomerate has entered into a partnership with Satya Capital, an investment firm focused on the African market, and purchased two food stores in Mozambique for US$ 6 million. ▪
Wiese supports Steinhoff   South African billionaire Christo Wiese is investing a further US$ 1.8 billion in Steinhoff International  to help finance the furniture retailer’s acquisition spree in Europe and North America. What is more, Wiese regards a merger between Steinhoff and Africa's biggest supermarket chain Shoprite as a 'natural' development. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by