Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 25 November 2016

Hello, dear reader!
Black Friday, America's post-turkey discount day, is finally upon us and the bargain hunt has begun. Britons and Americans are expected to spend billions. In other news, we learn that Amazon is about to expands its footprint in the Middle East, Johnson & Johnson eyes a pharma takeover and Lidl lifts the minimum wage in the UK. Christmas is truly around the corner. Enjoy the read!


asia & Australia
Efficiency measures   Courier service company FedEx Express will start delivering online purchases to Hong Kong 7-Eleven stores for pick-ups +++ Bangkok-based import and export firm Berli Jucker has merged MM Mega Market, its wholesale business, with its Big C hypermarket operations and plans to expand in Thailand, Myanmar, Laos, Cambodia, Vietnam and Malaysia. ▪
Big Bazaar offers cash   India's leading supermarket operator has tied up with the State Bank of India and enabled mini ATMs across all its 260 stores to help consumers withdraw cash while they shop. This move comes at a time when demonetisation of big bank notes has slowed down the industry. ▪
Woolies stays positive   The Australian supermarket giant is confident that it can resolve the dispute with its US partner Lowe's over the sale of the failed Masters hardware chain. CEO Gordon Cairns rules out selling off Big W and admits that the company has underestimated the impact of Aldi, but says they have learned the lesson. ▪
europe & Middle East
Amazon wants more   Initially it was only a stake, now the US e-commerce giant wants to acquire Dubai-based online retailer Souq.com for about US$ 1 billion to expand its footprint in the high-growth Middle East market. In Britain, Amazon Marketplace sellers are predicted to achieve sales of more than GBP 1.8 billion this year. ▪
Lidl's commitments   The German discounter is handing out a 2.4% pay rise to its lowest-paid staff to put them on the new independently verified living wage in Britain. In Scotland, Lidl is set to support local suppliers by stocking almost 300 Scottish products in its 92 stores in the country. ▪
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Survey results   Online sales of foods and drinks has made a breakthrough in Sweden, statistics from GFK have revealed. Major Swedish grocery chains, however, aren't very dominant online +++ Russian retailer Lenta has been rated as the number one partner for suppliers in the country according to a study by Advantage. ▪
usa
J&J eyes Swiss drug maker   In a bid to expand its pharmaceutical portfolio, US healthcare giant Johnson & Johnson is reportedly interested to buy Switzerland-based biotechnology firm Actelion, which is said to be worth US$ 17 billion. Takeover talks are still at an early stage. ▪
Walmart has to pay   Unlike trendsetting discounter Lidl in the UK, the US big box giant intentionally failed to pay hundreds of truck drivers in California the minimum wage according to a federal jury, which awarded the drivers US$ 54 million in damages. ▪
Black Friday activities
Strong start in the US   Early US data suggests that online sales during Thanksgiving Day will hit US$ 2 billion for the first time, up 15.6% on 2015. After having enjoyed the turkey, consumers were welcomed to the stores at J.C. Penney and Macy's on Thursday afternoon, although Friday is the official start to the season. ▪
Bargains in Britain   Consumers in the UK are expected to spend a whopping GBP 1.3 billion online as Black Friday kicks off the biggest shopping weekend of the year. However, not everyone is joining in. Walmart-company Asda decided to stay away from holiday deals and focus on everyday low prices. ▪

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