Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 12 October 2016

Hello, dear reader!
Discounters and e-tailers continue to put traditional supermarkets under pressure: Lidl presents a concept for urban areas and Amazon not only works on a drive-up grocery store but also on convenience outlets. Britain's Sainsbury's fights back with a department store approach. Check out the latest competitive moves and a lot more in today's issue. Enjoy the read and don't forget to share.

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asia & South Pacific
Planning ahead   Alibaba's Ant Financial, whose anchor business is Alipay, is focusing on increasing its daily user base before gearing up for an initial public offering in 2017. Selling on Alibaba's Tmall has become so successful for Macy's that the US company plans to launch its own Chinese website next year. ▪
Fonterra restructures   Shareholders of the New Zealand-based dairy coop have voted for a new governance structure to focus on business priorities. The new structure means the board will be cut to 11 directors, down from 13, and there will be changes to the election process for Farmer Directors. ▪
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Samsung pulls the plug   The South Korean tech titan is officially calling on retail partners to stop selling its Galaxy Note 7 smartphone, raising questions about the ability of today’s technology to help companies maintain quality control. Tech investors warn that this could happen to any company. ▪
Europe
Setting trends   While Lidl is working on a number of store concepts (paywall, in German) for urban areas, rival Aldi announced plans to offer millions of e-books on its multimedia platform, 'Aldi Life'. Fighting against the discount powerhouses, British grocer Sainsbury's unveiled a new format with a distinctive department store look. ▪
Boots axes more jobs   The British pharmacy chain plans to cut 500 back-office staff roles. In February, the company has axed between 300 and 350 management jobs due to plans from parent company Walgreens Boots Alliance to reduce costs. ▪
LVMH stays exclusive   The French luxury goods group, which posted third-quarter revenue that beat estimates on Monday, said there was “no way” it would do business with online giant Amazon, arguing that the latter is not an appropriate platform for its luxury brands. ▪
USA
Amazon tackles grocery market   With a planned entry into the drive-up grocery store space under construction, as reported yesterday, the inexhaustible mega retailer is now considering opening convenience stores as well as curbside pickup locations, which is a big step towards conquering grocery delivery, the holy grail of online shopping. ▪
Toys 'R' Us invests again   After years of just cutting costs, America’s largest specialty toy retailer is starting to put money back into operations, as it looks to grow sales and traffic while the most critical selling season approaches. For the first time in a while, the company is building inventory. ▪
Dole acquires in Chile   The California-based agricultural multi has bought TucFrut farms and packing facilities. The acquisition will strengthen Dole’s product portfolio with premium apple varieties and kiwifruit and also provide the company with its first own production of Chilean blueberries. ▪
africa
Mega brew sequels    After the billion-dollar merger between AB InBev and SABMiller closed early Monday evening, Coca-Cola announced that it will acquire the latter's stake in Coca-Cola Beverages Africa. US tobacco company Altria received US$ 5.3 billion from the merger and plans stock buyback. ▪
For better relations   Kenyan suppliers claim billions in outstanding payments from retailers with Uchumi Supermarkets being one glaring example. To solve the problem, the country's government has formed a supplier’s task force as it seeks to create a cordial working relationship between the two parties. ▪

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