Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 19 October 2016

Hello, dear reader!
Congratulations, Tesco - the troubled supermarket chain is back on track in Britain with an increased market share for the first time in five years. In the US, Walmart intensifies its competition with Amazon by launching a free streaming service. In South Africa, Pick n Pay stays strong, while fashion retailer Truworth struggles. These stories and more feature in today's issue. Please do share if you like it.

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asia & australia
Coles trials liquor format   The Australian supermarket operator, owned by conglomerate Wesfarmers, has launched a pilot new store format selling alcohol, called ‘LiquorMarket’. It opened last week in Victoria and is regarded as a direct pitch against rival Woolworth’s Dan Murphy’s banner. ▪
Expanding cross-border   South Korea’s department store giant Lotte partners with Chinese Citic Group to operate a shopping mall in Shanghai and will build three more in the region, while Seoul-based conglomerate GS Retail aims to grow in Indonesia and has opened its first supermarket in Jakarta. ▪
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Lianhua issued warning   The Chinese supermarket company, which has offices in Shanghai and Hong Kong, expects a net loss for the first three quarters of its current financial year, claiming declining market demand and intensified competition. ▪
europe
Tesco on top spot   Latest figures in Kantar Worldpanel reveal that Britain's biggest supermarket operator is back on track. For the first time in five years, the British supermarket operator was able to grow its market share to 28.2%. German discounters Aldi and Lidl continued to grow. ▪
Eco-friendly efforts   Finnish retailer Kesko has signed up for a new energy-efficiency agreement in Finland to promote and achieve the highest attainable energy efficiency. Meanwhile, Russian retailer Dixy Group has implemented an electronic workflow system with its suppliers to reduce paperwork and improve efficiency. ▪
Gap closes more stores   The ailing US fashion retailer Gap has announced that it will close its eight Banana Republic stores in Britain and focus on its home country to revive sales. The company says it will keep an online service for customers in the UK. The retailer declared in May it would shut stores overseas. ▪
usa & canada
Walmart in Amazon territory   The US big-box retailer makes a bold move with today's launch of its own free video streaming service, called Vudu Movies, competing once more with rival Amazon. Unfazed, the latter extended the perks of its Prime membership with the introduction of a new Prime Photos feature called “Family Vault.” ▪
Giant Eagle offers buyouts   Falling grocery prices and increased competition from discounters such as Aldi have forced the Pennsylvania-based supermarket chain to cut costs by offering buyouts to a number of its corporate employees. The chain owns or operates more than 420 supermarkets. ▪
Constellation Brands' deals   The beverage multi agreed to sell off its Canadian wine business for US$ 780 million, to pay about US$ 120 million to buy Charles Smith Wines and also to acquire a stake in Bardstown Bourbon Company. This comes after Constellation Brands paid US$ 160 million for whiskey maker High West Distillery. ▪
africa
Profit rise at Pick n Pay   Discounted goods and the opening of new stores helped the South African supermarket chain to increase its first-half earnings by 18%.  Pick n Pay says it will now develop an online warehouse in Isando, 22 km east of Johannesburg, to grow its e-commerce activity. ▪
Poor sales for Truworth   The South African fashion retailer, which operates over 650 stores in its home country and 40 in the rest of Africa, reported a decline in revenue for the year to July. Truworth says it will now focus on containing costs. ▪

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