Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 17 November 2016

Hello, dear reader!
Delivery deals dominate today's headlines - Domino's has taken off with drones in New Zealand. In the UK, Morrisons and Amazon are speeding up their delivery scheme, while brewer Heineken partners with Deliveroo, and in the US, Target is about to improve its order pick-up. On another note: To ensure our emails continue to reach your inbox, please add retailupdate@retailupdate.lebensmittelzeitung.net to your safe senders list. 

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asia & Australia
Rakuten targets global audience   The Japanese e-commerce group has made a first move to reach out to its customers globally by signing one of the biggest shirt sponsorship deals with Spanish football club FC Barcelona. The deal is said to be worth GBP 200 million a year and should last for four years. ▪
Growing with games   Shenzhen-based Tencent, one of Asia’s most valuable technology companies with a market capitalization of roughly US$ 240 billion, posted a healthy US$ 1.5 billion profit thanks to its messaging app and mobile games. ▪
Take offs Down Under   Australian conglomerate Wesfarmers has struck a 10-year deal with global payment provider Citi to manage its AU$ 880 million credit card business for supermarket Coles. Across the Tasman, Domino’s claims it has completed the world’s first pizza delivery by drone to a customer in Whangaparaoa, New Zealand. ▪
europe
Delivery deals   British grocer Morrisons has extended its partnership with US online giant Amazon and announced it will implement one-hour delivery service for Prime shoppers across London. Also in the UK, brewer Heineken has teamed up with Deliveroo to deliver beer and cider straight to customer’s doors. ▪
Healthy ambitions   UK supermarket operator Waitrose has announced it will reduce sugar levels by 15% in over half of its own-label breakfast cereals. The retailer is also set to lead an academic initiative that will focus on issues such as soil health, biodiversity and waste reduction. ▪
Cranswick invests in pork   The leading UK food producer makes a move into Ireland with the acquisition of the pork business of Irish meat giant Dunbia for an undisclosed sum. Dunbia Ballymena processes around 7,800 pigs each week. ▪
usa & canada
Target speeds up   Just in time for the holidays, the US discount retailer announced that it will improve its order pick-up with several enhancements. The company has also raised its outlook as it was able to report better-than-expected results in the latest quarter due to increased online sales. ▪
More results   Due to slow store traffic, Lowe’s net income dropped dramatically in the third quarter. The home improvement retailer has consequently cut its forecast. Despite a deflationary environment, Canadian grocery chains Loblaw and Metro could both report profit increases for their recent quarter. ▪
Amazon partners with drugstore   It is called a collaboration between the old and the new. The US online giant has selected the nation's oldest family owned drugstore chain, Bartell Drugs, to sell their products online. Deliveries will be initially available in some Seattle neighbourhoods. ▪
 africa
Spar exits Zimbabwe   Due to weak economic growth South African retailer Spar Group has shut its distribution centre in Zimbabwe. The retailer has also reported a strong rise in full-year profit, helped by improvements at its Irish subsidiary. ▪
Jumia makes payment easy   In a bid to offer customers a seamless online payment option known as EazzyPay, leading East African e-commerce retailer Jumia has entered into a long-term deal with Nairobi-based Equity Bank. The move might also boost online sales in Kenya. ▪

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