Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 24 November 2016

Hello, dear reader!
The holiday season kicks off with turbulences. A pilot strike hampers Amazon and DHL shipments. Strike is also on the cards in the UK, where Topshop workers plan to walk out on Cyber Monday. Otherwise it is business as usual - Carrefour grows in Dubai, Canada's Couche-Tard deals with weather-related hurdles and Chile's Cencosud focuses on its online performance. Enjoy the news and don't forget to share.

Boom time in Korea   The number of convenience stores in the Asian country surpassed 33,000 by October 2016, which is a significant increase from the 28,994 counted at the end of last year. Retail group Shinsegae (paywall), South Korea's second largest retailer, has reported strong results for the third quarter. ▪
Tackling losses in Hong Kong   Iconic cosmetics chain Sa Sa posted a 37.3% drop in profits due to a sluggish retail environment in Hong Kong and a decline in the number of tourists.  ▪
Middle east & europe
Carrefour thinks big   The French retail giant plans to build the anchor hypermarket in nature-inspired Cityland Mall in the United Arab Emirates. The 100,000 sq. ft. store will be the largest in the area. In Poland, Carrefour is set to launch 12 new stores and remodel 14 of its existing outlets. ▪
Holiday hiccups   UK retail group Arcadia, which owns high street chain Topshop among others, has been threatened with strike action over a pay row at one of its distribution centre on Cyber Monday. Due to the post-Brexit sterling collapse, Aldi and Lidl have raised the price of some staple items in Britain. ▪
Russia attracts retailers   As the country's economy is returning to growth, Western corporations are increasing their investment. Among them Swedish giant Ikea, which is putting US$ 1.6 billion into new stores, while France's Leroy Merlin will spend EUR 2 billion to double the number of its outlets in Russia. ▪
usa & canada
Amazon hit by turbulences   Striking pilots at ABX Air, the contractor that flies packages for the online giant and DHL, were ordered back to work by a judge. Amazon faces also headwinds by arch rival Walmart, which is challenging the former's dominance in pricing, promotion and assortment of toys and games this holiday season. ▪
Affected results   Canadian convenience store operator Alimentation Couche-Tard reported that its Q2 results were down 22% due to flood, a hurricane and a pipeline leak, and video games retailer GameStop forecasts a sales decline for the crucial holiday quarter, as more players switch to downloading games on their consoles. ▪
Cool bananas and stylish stores   US multinational Chiquita plans to roll out ‘consistent cooling’ banana boxes to help the fruit to ripen evenly +++ Inspired by Hollywood, yoga wear retailer Lululemon’s new flagship on Melrose Avenue in Los Angeles offers a posh minimalist design shopping environment. ▪
south america & africa
Cencosud makes progress   The Chilean retailer, which also operates in Argentina, Brazil, Peru and Columbia, reported positive results for the third quarter of 2016. Cencosud made significant progress in its omni-channel initiatives and is said to be on its way to become the region's leading online retailer. ▪
Tap at Pick n Pay and go   In a bid to reduce queues at the checkout, the South African retailer has introduced a contactless payment technology, called tap-and-go, in its stores. Shoppers only have to tap their cards against the card readers for payments to be processed. ▪

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