Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 06 October 2016

Hello, dear reader!
South Korean tech giant Samsung invests in a Silicon Valley start-up. Japan's Aeon debuts in Myanmar and over in Britain, Tesco's turnaround plan is bearing fruit. Retail behemoth Walmart raises its stake in Jd.com and keeps rival Target at bay, while finance provider Mastercard exports a revolutionary payment method to Europe. Enjoy our daily compilation and don't forget to share.

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asia & australia
Aeon arrives in Myanmar   The Japanese supermarket giant is the first foreign retailer to enter the country since its transition to civilian rule and has opened a store in Yangon. Despite weak consumer spending in its home country, Aeon reported a second-quarter profit and maintains its forecast for the full year. ▪
Expansions in Thailand   Central FamilyMart, the local operator of FamilyMart, aims to double the number of its convenience stores in Thailand from 1,116 to more than 2,000 within five years. The company plans to open more than 60 stores this year with a focus on consumer lifestyles and changing demand. ▪
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Overseas acquisitions   South Korean electronics company Samsung is set to buy US artificial intelligence platform developer Viv Labs, while South Africa's Woolworths has acquired Australian menswear chain Politix, which operates 75 stores across the country, for US$ 60 million. ▪
europe
Tesco on track   The troubled British retail giant has reported another rise in sales. Tesco is confident it will meet its full-year profit target and claims "significant progress" in stabilising the business. However, the good result has been overshadowed by a deficit in its pension fund. Here is what the analysts say. ▪
Eroski swings to profit   The Spanish retailer has reported a net profit for its fiscal first half, which it attributes to recent changes it has been making. The company invested EUR 45 million in refurbishing 74 stores and improving its IT equipment, and also opened 44 franchise supermarkets. ▪
Paying with selfie   Financial service provider Mastercard has launched its ‘selfie pay’ biometric authentication app in Europe. The revolutionary payment software has been implemented in the UK, Germany, and Sweden after successful trials in the US, Canada and the Netherlands. ▪
usa & canada
Thinking global   US retail heavyweight Walmart has increased its stake in start-up JD.com in a bid to improve its business in China, which is lucrative but increasingly challenging. Sales at its Mexican unit, Wal-Mart de Mexico, slowed down a bit and grew only 9.1% in the third quarter. ▪
Top changes at Ahold Delhaize   In its first major reshuffle since its mega merger, the retail giant has announced changes to its senior team in the US. James McCann, head of Ahold USA operations, has resigned and will be succeeded by Kevin Holt, currently CEO of Delhaize America. ▪
Digital decisions   US department store retailer Kohl's is the latest to launch its own independent mobile payment platform, dubbed 'Kohl's Pay'. Meanwhile, Canadian e-commerce company Shopify has launched a 'Shop Now' option, allowing stores to sell directly through Facebook Messenger. ▪
insider insights
Lidl ante portas   As the German discounter is in full swing preparing its debut in the US, Forbes lists reasons why local retailers should care. Lidl's entry into the Australian market, however, is still mere speculation. Nevertheless, analysts describe how the discounter's model would work Down Under. ▪
Walmart vs Target   In the age of Amazon, traditional retailers such as Walmart and Target have had to rethink their businesses, with the former adapting more quickly to a rapidly-changing consumer landscape than its rival according to Moody's. Here’s how the two retailers stack up in the eyes of investors. ▪


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