Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 31 October 2016

Hello, dear reader!
Amazon takes on Alibaba by launching its Prime service in China. The latter strikes back by acquiring a Singapore-based delivery start-up via its subsidiary Lazada. Over in Europe, retailers gear up for the busy Christmas season. In the US, Walmart explores ways to facilitate online pick ups and in Kenya, Nakumatt is looking for financial support. Enjoy the read and have a fantastic start to the new week.

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asia & australia
Amazon looks eastwards   The US e-commerce behemoth launched its Prime shipping service in China, competing with the likes of Alibaba and JD.com. With another commitment to India, Amazon acquired the publishing business of Westland, owned by the famous Tata Group, for an undisclosed sum. ▪
The Chinese reactions   Alibaba-owned Lazada, the e-commerce company in Southeast Asia backed by Germany's Rocket Internet, is in advanced talks to buy Redmart, a Singapore-based grocery delivery service, while Beijing-based internet giant LeEco wants to become a global brand and plans a US public listing in 2019. ▪
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Struggle for market share   Australia's Woolworths is finally showing some traction in its turnaround plans, with a slight rise in quarterly sales. Sales at its supermarkets rose by 0.7% - higher than analyst expectations. Nevertheless, the retail giant suffered a slight decline in its market share. ▪
europe
Preparing for Christmas   Britain's luxury food retailers expect a busy festive season. Upmarket grocer Waitrose is set to recruit a further 5,000 temporary employees. Meanwhile, London icon Harrods, which just posted record sales, has launched a Toy Concierge service for Christmas, providing customers with expert buyer help. ▪
Top rankings   Colruyt remains Belgium's cheapest supermarket, according to consumers’ organisation Test-Aankoop. Rival Albert Heijn, however, is very close. In Italy, Esselunga was the leading food retailer in 2015, according to Mediobanca. Its cumulative net profit reached EUR 2.2 billion. ▪
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Aldi Italia on track   According to an Italian newspaper, the German discounter will launch its first 1,500 square metre store in Trento next year, followed by outlets in Verona and Bolzano. Earlier this year, German Retail Blog took a closer look at the impact Aldi's entry into Italy will have on the local competition. ▪
USA & Africa
Walmart trials technology   The US retail powerhouse continues to explore ways to facilitate online pick up and is testing a massive storage locker at a store in Arkansas. The giant machine, located directly inside the store's entrance, automatically distributes online orders to users. Click here for the video. ▪
American Apparel for sale   The US clothing company is preparing to file for its second bankruptcy in two years. The filing could set the brand up to be bought out. Brand licensors Authentic Brands and Iconix Brand Group have reportedly expressed interest in acquiring the company. ▪
Nakumatt in difficulties   The Kenyan retailer is reportedly in talks to sell a 25% stake after it ran into cash problems due to a number of "unforeseen business challenges", including an outdated supply chain. Nevertheless, Nakumatt assured its stakeholders that the business is solid despite the challenges. ▪
insights & analyses
Magical megastores   Quartz writer Andy Wright finds it “narcotically calming” to cruise the aisles of big stores and looks into the history and psychology of superstore design, while fellow writer Oliver Roeder of FiveThirtyEight explores the weird economics of the Swedish furniture giant Ikea. ▪
Millennials like malls   Online shopping might be a routine for the Asia Pacific millennials, but only physical stores and particularly shopping centres give them the experiences and social elements they want, says a report by commercial property adviser CBRE Research. ▪

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