Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 16 November 2016

Hello, dear reader!
Mumbai-based Future Group teams up with British wholesaler Booker to open cash & carry stores in India. Another big tie-up takes shape in the US, where Estée Lauder is about to make the biggest acquisition in its history. In the UK, the Big 4 are starting to fight back, while discounters Aldi and Lidl have sunk to their slowest growth rate. Have a great day and don't forget to share the news.

ADVERTISEMENT
 

asia & Australia
Competition heats up   The Future Group, India’s largest retailer, partners with British wholesaler Booker to open cash & carry stores in India. The move will bring the Indian company into direct competition with Walmart, which continues to grow in the country and is currently running 21 wholesale stores. ▪
Exceeding estimates   Walmart might also be delighted with third-quarter revenue of business partner JD.com, China’s second-largest e-commerce firm, which is slightly ahead of analysts’ expectations. Auchan-owned Sun Art Retail Group has also reason to rejoice, reporting a revenue increase of 4.4% in China. ▪
Setback for Woolies   Just as analysts see the recovery of the Australian supermarket giant gaining momentum and its next-generation store concept has been unveiled in Sydney, Woolworths has to deal with a hurdle: Sally MacDonald, CEO of ailing discount chain Big W, has resigned after ten months in the job. ▪
europe & middle east
The empire strikes back   New data confirms that sales growth at the discounters is slowing in the UK as the supermarkets fight back. Tesco almost doubled its rate of expansion. The supermarket giant and its three rivals, Sainsbury’s, Morrisons and Asda, dubbed the Big 4, announced cuts for fuel prices across their networks. ▪
Lidl commits in Spain   The German discount powerhouse has announced that it will buy all its private label milk (in Spanish), offered under the brand Milbona, from farmers in the country, staying out of the international milk market. The measure will be implemented immediately. ▪
Solid results for Shufersal   Israel's largest supermarket chain, which recently launched a baby formula brand in partnership with US drug company Perrigo, reported a rise in net profit and revenue for its third quarter thanks to strong online sales and continued promotion of its private label products. ▪
usa & canada
Billion-dollar beauty deal   US skincare giant Estée Lauder has announced its largest-ever acquisition. The company agreed to buy California-based cosmetics brand Too Faced for about US$ 1.45 billion. Founded in 1998, the irreverent label is very popular with millennials. ▪
Home Depot sales surge   The world’s largest home improvement retailer posted a double-digit increase in earnings for its third quarter thanks to higher traffic and more spending at stores. The company also said it took advantage of weather forecasts and a flexible supply chain. ▪
Searching for the next hit   In a bid to turn online searches into purchases, internet giant Google has bought start-up Undecidable Labs. Rival Apple considers tapping into the market of wearable computing and has reportedly talked to potential suppliers about the production of digital glasses. ▪
What to watch
Addressing Christmas   In the last three years, Black Friday has become a juggernaut in the UK and transformed pre-Christmas shopping like no other promotional vehicle. Meanwhile, major UK retailers have ramped up their festive campaigns. Check out the heart-warming TV ads. ▪
E-commerce expectations   Online sales in China surged 25.1% in the first three quarters of the year as shoppers rapidly shift from bricks-and-mortar stores to online and mobile. Over in the US, e-commerce agency Absolunet has released a list of 10 top trends that will impact retailers in 2017. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive