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Retail Update - powered by LebensmittelZeitung
Friday, 18 November 2016

Hello, subscribers!
Alibaba and Tencent announce their support for a new Chinese cyber security law, French retailer Carrefour makes more moves towards sustainability, and Amazon is expected to soon roll out a massive video streaming service while adding new skills to artificial intelligence assistant Alexa. Have a great day, and if you enjoy this edition, please sharee.


asia & africa
Giants back security law   Following criticism from overseas rivals, Alibaba and Tencent are supporting Beijing’s recently introduced cyber security law, which restricts technology companies working in China. In other news, according to analysts, paid digital content and targeted advertising should be the next big growth engines for the two companies. ▪
Pioneer Foods acquires Weetabix   The South African firm has purchased nearly 50% of the cereal manufacturer Weetabix in East Africa for an undisclosed sum. The deal will establish a strategic beachhead for Pioneer Foods and enable the company to build a significant cereal position in the region. ▪
Carrefour strives for sustainability   The French retailer has announced it will now consider carbon emissions when making decisions in areas such as transport and hopes to reduce emission by 70% in 2050. Taking Lidl’s lead, Carrefour also plans to no longer be distributing one-time-usage plastic bags at checkouts by 2020. ▪
Staples quits UK   To focus on its North American and mid-market business, the US office supplies retailer, which operates 105 stores in the country, is selling its UK operations to Hilco Capital. This means the brand will be phased out in Britain over the next few months. ▪
Ahold Delhaize holds momentum   The recently merged entity announced Q3 results for its different business segments. It shows a strong online sales growth, up 25 % compared to the year before. Over in the US, the company struggles with lower prices, but increased volumes offset the price drops. ▪
usa & south america
Amazon keeps on rolling   The US e-commerce giant is about to unleash a huge streaming video service. In direct competition with Netflix, the service will reach around 200 countries. Meanwhile, by partnering with telecommunications conglomerate AT&T, Amazon has given its artificial intelligence assistant, Alexa, a new skill: sending text messages via voice input. ▪
Best Buy defies critics   The electronics chain operator proved to be an outperformer among traditional retailers by posting a 24% increase in its online sales in the 3rd quarter. Its  better-than expected sales beat expectations, despite the dent of the Samsung recall. ▪
Innovative formats   To stop sinking sales, Brazilian retailer Grupo Pão de Açúcar is trying a format that mixes wholesale and retail, which is less costly to run and will enable it to offer bulk items up to 30% cheaper +++ Canada Goose, a brand most known for its goose-down jackets, has opened its first US store in Manhattan. ▪
holiday statistics
Quiet and busy days   December the 17 is expected to be the busiest shopping day during the holiday period in the USA. But, if you’d prefer to avoid the crowds, which day is the quietest? Well, according to research company RetailNext Inc., it is November 29 (paywall). ▪
Online spending   In Spain, shoppers are expected to spend 29% more online over Christmas, according to two delivery companies SEUR and DPDgroup. The report also found that 79% of European consumers will buy a present online — 21% more than last year. ▪

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