Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 26 October 2016

Hello, dear reader!
Retail powerhouses Aldi and Carrefour introduce new formats in the US and Belgium, rival Lidl powers ahead in Romania and is expected to achieve billion-dollar sales in the US. Chinese heavyweight Alibaba announces partnerships with some US companies and India's leading online retailer, Flipkart, loses a top manager during peak season. Enjoy your Wednesday bulletin and share the news. 


Asia & australasia
Alipay expands in the US   Alibaba's Ant Financial, the operator of Alipay, is set to increase the use of its mobile payment app through partnerships with payment processors First Data and Verifone. In September, the company has made its first US investment with the purchase of tech start-up EyeVerify. ▪
Online decisions in India    In the middle of peak festival season, Sanjay Baweja, chief financial officer at Flipkart, will quit the e-commerce giant. Competitor and online grocer BigBasket, on the other hand, is ramping up for the coming events and has sought government approval of foreign direct investment. ▪
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Aussies spend less   Grocery shoppers in Australia spent A$ 103 billion during the year to September 2016, according to Roy Morgan Research. They continued to spend less at Woolworths, preferring instead to buy from Aldi and Coles. Nevertheless, market growth at the latter has also slowed, admitted Coles boss John Durkan. ▪
Lidl plans ahead   The German discount powerhouse continues to grow in Romania and will open another 100 outlets in the country, where it already runs 200 stores. Over in the US, Kantar Retail predicts that Lidl will open 100 stores per year and is likely to generate US$ 8.8 billion by 2023. ▪
Carrefour goes easy   The French retail giant has begun trials of its Easy concept in Belgium. It is positioned in size and range between the Market (up to 2,000 square metres) and Express (up to 400 square metres) formats. Two stores, in Antwerp and Lennik, are already up and running. ▪
Changes at top level   British department store operator John Lewis has announced that Paula Nickolds will become its new and first female managing director. Effective from January 2017, Nickolds will replace Andy Street, who stepped down last month. ▪
usa & Canada
Innovative ideas   As part of its ongoing effort to push its fresh produce offer, German discounter Aldi has launched a new store concept in Richmond, Virginia, and Canadian retailer Spence Diamonds is set to enter the US with what it calls a 'disruptive' format. ▪
Festive season in focus   Target will offer more deal-driven promotions and extend its free shipping window to January this holiday season. Electronics retailer Best Buy is also waiving online shipping fees. Outdoor specialist REI, however, makes the bold move to stay closed on both Thanksgiving Day and Black Friday. ▪
Nordstom on the hunt   The department store retailer is on the lookout for a new top manager as its chief financial officer, Mike Koppel, has decided to retire early next year. The company also wants to employ around 11,400 holiday workers this season, which is 3% fewer than last year.  ▪
Unexpected discoveries
Competing in China   To combat online rivals, China's malls entertain customers with unusual experiences such as fright nights and blind dates. To increase its share in the country's US$ 2.8 billion chocolate market, confectionery company Mondelēz has launched chocolate brand Milka as its new face. ▪
Kiwi wine and Marmite   New Zealand was named as one of the most affordable countries in the world to buy wine, while neighbouring Australia is one of the most expensive. Due to fears of shortages, the recent fall-out between Tesco and Unilever has significantly boosted sales of famous yeast extract Marmite. ▪

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