Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 22 November 2016

Greetings!
While Alibaba widens its empire once again, this time acquiring a one-third stake in a Chinese discounter, India's e-commerce No 1, Flipkart, tries to keep the American competition off its heels with an extended product range. In the UK, Tesco is not the only retailer with a new price campaign as Morrisons and Lidl are following suit. Find out about these stories and more. Enjoy the read!


asia & Australia
Alibaba's next growth spurt   China's e-commerce giant picks up a slice of a regional Chinese discount supermarket chain, buying a third of  Sanjiang Shopping Club for US$ 290 million. In a move to further grow its customer base, Alibaba Cloud plans to open four new data centers outside China by the end of this year. ▪
Flipkart's fresh product range   India's online marketplace leader plans to revamp its furniture business and move into groceries space in the coming year, catching up with competitor Amazon. The latter records 14% of all products sold on Amazon India are groceries. In a move to make its range stand out against its American rival, Flipkart is building a team for a private label initiative for made-in-India products. ▪
Kogan.com thins out pantry   While Australia's largest online department store claims not to be daunted by Amazon entering its own home market, the range of the retailer’s pantry has been slashed by more than 85%. ▪
europe
Lidl innovates   In the UK, the German discounter has launched its Twitter campaign 'Social Price Drop', and in Brussels, Lidl is opening its second pop-up store after Hamburg (paywall, German content), where it introduces its new line of skiwear. ▪
Pre-christmas petrol battle   For the first time since the Brexit vote, Morrisons lowers its petrol price to under GBP 1 this week. A move which comes only a week after the UK supermarket as well as its rivals Asda, Tesco and Sainsbury’s had all cut their fuel prices after several months of price hikes. ▪
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Dunnes moves to the top   The strategy of the Dublin-based surpermarket to encourage larger shopping trips via its 'Shop & Save' promotional campaign has paid off as it has overtaken Supervalu as Ireland's largest supermarket retailer. ▪
USA
Reshaping store formats   Discount retailer Target plans to open "hundreds" of small-format stores, mattress start-up Casper plans a move into brick-and-mortar, and internet powerhouse Google is set to roll out its Google Shops store concept inside Best Buy stores in Canada. ▪
Cyber Monday brought forward   Competing more aggressively, Walmart is starting its Cyber Monday deals three days early on Black Friday. In preparation of the Black Friday shopping bonanza, Target and Walmart have both released detailed store maps for their most serious shoppers. ▪
AFrica
Bid for Nakumatt   The Kenyan retailer, which announced earlier this month to sell off its Tanzanian unit might have found a buyer. Quality Group Limited, the country’s largest conglomerate has put in a bid for the 51% stake ▪
Trade zones (not) at work   The Enugu Free Trade Zone in Nigeria is set to attract up to US$ 500 million dollars worth of foreign direct investments (FDI) from leading global manufacturing companies. Such an investment would create over 20,000 jobs across three major regions in the country +++ Trade within the East African Community (EAC) and beyond is at risk as Tanzania possibly refuses to sign the Economic Partnership Agreement (EPA) with the EU. ▪

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