Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 03 November 2016

Hello, dear reader!
Alibaba beats analysts' expectations again - the Chinese powerhouse has generated more quarterly revenue than Ebay and Amazon combined. The latter seeks to expand in the Middle East. Carrefour sells groceries online in Poland and in the US, Walmart and Whole Foods reshuffle their executive ranks, while Safeway acquires a regional retailer. Enjoy the read and share the news. 

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asia & Middle east
Alibaba defies slowdown   Shrugging off worries about the Chinese economy, the country's e-commerce leader recorded a 55% increase to US$ 5 billion in second-quarter sales, which is more than Amazon and Ebay combined. Alibaba also confirmed the acquisitions of Singapore-based online grocer Redmart through its Lazada platform. ▪
Dairy and other deals   Hyderabad-based Heritage Foods has announced that it wants to buy the dairy business of India's largest retailer, Reliance Retail, and Spanish supermarket chain DIA has signed an agreement with Chinese online service provider Netease to boost its business in China. ▪
Focus on United Arab Emirates   Economic growth and a rising population in the Middle East is leading to increased investments - US giant Amazon considers to buy a stake in Dubai-based online retailer Souq.com, and local conglomerate Lulu Group is set to spend a whopping US$ 544.4 million to develop shopping centres in the region. ▪
europe
Expanding online offers   French retailer Carrefour has started selling grocery articles online in Poland with around 12,000 products available through eCarrefour.pl, while Britain's Sainsbury’s will reportedly launch (paywall) contactless payments in “the majority” of its convenience stores by Christmas. ▪
Jumbo trials new formula   The Dutch supermarket chain has announced a partnership with independent retailer Edward Koornneef. The latter is set to open a Jumbo Food Market in the Netherlands, which will be the first Jumbo outlet, operated by an independent retailer. Three more are to follow. ▪
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Amazon tackles Spain   The US online mega-retailer has started its Pantry service on the Iberian Peninsula and also opened its fifth logistics centre in Barcelona. A few weeks ago, Amazon extended its Prime Now service to the Catalonian capital as well as in 26 nearby locations. ▪
usa & canada
Shake-ups at top level   Walmart's billion-dollar purchase of start-up Jet.com has triggered a reshuffle across the retailer's digital operations with a number of senior managers leaving the company. Meanwhile, Whole Foods is eliminating its dual-CEO leadership structure as sales fall again. Co-founder John Mackey will become the sole leader. ▪
Safeway saves Andronico's   The US supermarket chain and Albertson subsidiary has agreed to buy five stores from Californian grocer Andronico's. The agreement comes after its owner, Renovo Capital, approached Safeway earlier this year, with the goal of preserving jobs. ▪
Weis takes profit hit   Net income of the Pennsylvania-based retailer declined by 16.9% in the third quarter as the company absorbed costs associated with the acquisitions of Food Lion and Mars Super Market stores, as well as sales-driving initiatives to offset deflation. ▪
consumer trends
Food fads   Britons might be snacking soon on Hawaiian raw fish salad and American-style vegetable yoghurts, as suggested by the recently released Waitrose Food & Drink Report. Over in the US, the FDA is set to find out whether Nutella can be considered a spread. Producer Ferrero claims it is no longer a dessert topping. ▪
Convenience preferred   Twenty- and thirtysomethings would rather eat at restaurants and buy their groceries at convenience stores than planning a trip to the supermarket. Conventional shopping outlets are being hollowed out by choice and technology, but not only millennials are to blame, says the Atlantic. ▪

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