Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 14 November 2016

Hello, dear reader!
Eurelec, the buying joint venture of Germany's Rewe and France's Leclerc, has started annual negotiations, which are sending shockwaves through the supply industry. Auchan experiments with robot carts, while other European retailers prepare for Black Friday. Across the Atlantic and in Africa, major market players are also determined to make the most of the festive season. Have a great start to the week.



Singles' Day frenzy   Online shoppers have bought a record US$ 17.8 billion of merchandise through Alibaba’s e-commerce platforms during last Friday's major retail event in China, despite concerns of slowing growth. Competitor took the opportunity of launching a drone delivery programme in rural locations. ▪
Sephora expands in Shanghai   The French cosmetics store chain has opened its 200th China store in Shanghai and set a new milestone for its distribution network in the country by launching its O2O system to allow customers to buy online from physical stores. ▪
Rakuten to enter game space   In an effort to seek growth beyond its core business, the Japanese e-commerce giant plans to open a smartphone game platform and is reportedly working with US start-up Blackstorm Labs. Rakuten has enjoyed continued growth (paywall) in the third quarter. ▪
Eurelec talks to suppliers   The European buying office, a cooperative joint venture between Germany's Rewe group und France's Leclerc, has started annual negotiations with international manufacturers such as Mars, Mondelez and Pepsico. Its approach has sent a big shockwave through the industry, reports German Retail Blog. ▪
Lidl grows in Croatia   The German discounter and its sister company, Kaufland, have increased their market share in Croatia and are the most important competitors to Konzum, which remains the country's largest retailer. In cooperation with the Croatian Chamber of Commerce, Lidl has started a project to support local fruit and vegetable growers. ▪
Auchan trials robots   The French retailer will be testing a new robotic shopping cart designed to help people with limited mobility such as seniors or pregnant women. Invented by a Portuguese start-up, the self-caddy follows its 'master' like a little mechanical dog. ▪
usa & canada
Department stores reports   J.C. Penney released lower-than-expected third-quarter earnings and had to cut its forecast amid sliding sales. The losses seemed even more dire considering third-quarter sales at competitors Nordstrom, Macy's and Kohl's turned out better than expected. ▪
Nike excels in New York   Aimed at leading the transformation of sport retail, the US footwear giant has opened a multi-sport category store in downtown Manhattan, offering the best of Nike products, services and experiences under one roof, from exclusive trial spaces to product customisation. ▪
Festive Planning
Black Friday preparations   British catalogue retailer Argos is set to extend the eagerly anticipated Black Friday bonanza, which will kick off this Friday, to 13 days. Retailers across Spain, among them El Corte Inglés, Amazon and Media Markt, are also determined to make the most of the event with numerous deals on November 25th. ▪
Holiday sales to increase   National holiday shopping revenue in the US is expected to be close to US$ 850 billion with internet sales to increase in double-digits, according to Purdue University. Some of the nation’s largest retail chains remain committed to open their doors on Thanksgiving, including Target, Toys 'R' Us, Walmart and Best Buy. ▪
Jumia offers free shipping   The leading East African e-commerce retailer is set to provide free shipping on small and medium items during this year's Black Friday sale across Nairobi. Jumia also promises huge discounts on specific categories each day between the 14- 25 November. ▪

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