Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 29 November 2016

On its path to global domination, Amazon not only further approaches the acquisition of Dubai e-commerce giant Souq, but also picks up a valuable cloud deal along the way. Australian brewer Broo becomes the only international label in the distribution network of Chinese beer producer Jinxing, and Amsterdam-based global player Spar plans the opening of hundreds of stores in Thailand. Find out about those expansion stories and more. Enjoy the read!

Asia & Australia
Splitting Samsung   At the end of a disastrous year 2016, shareholders of the embattled South Korean electronics giant are calling for the company to split in two, creating one holding and one operating company. ▪
Thriving food delivery   While restaurant operator Yum China is eyeing the acquisition of food delivery services company for up to US$ 200 million, Shanghai-based fresh food online retailer Yiguo gets a new round of financing, reportedly also in the range of US$ 200 million. In Japan, vegetable delivery services are increasingly in demand. ▪
Suffering and strengthening   Australian grocer Metcash is suffering tumbling profits as competition, especially by the expansion of discounter Aldi, intensifies. Victoria-based brewer Broo entered a deal with Chinese beer producer Jinxing, which will give the Australian brewer exposure to the lucrative Chinese beer market.  ▪
Openings and closings   In a partnership with Bangchak Retail Company, Dutch multi Spar plans a 300 store venture in Thailand, investing EUR 102 million in the next five years. Just over two months after its take-over by South African retail giant Steinhoff, British bargain chain Poundland is planning to close up to 80 stores. ▪
Exploring the outdoors   UK sports-fashion retailer JD Sports adds to its outdoor brands with the acquisition of the 58-stores chain Go Outdoors for GBP 112 million.  ▪
Exec changes   Max Hofmarksrichter will move on from his position as country managing director at Aldi Süd Italy to the discounter's management board. Michael Veiser will fill the vacated position in Italy. After less than two years, Nigel Oddy resigns from his position as CEO at British department store group House of Fraser. ▪
On Amazon's cloud   Honolulu-based shipping firm Matson, which serves Micronesia, the South Pacific and North America, is moving to use Amazon Web Services and has closed its four in-house data centres. With its AWS, the e-commerce giant has managed to plunge into the very heart of the entire tech industry. ▪
Stripe doubles its valuation   As the digital payments company continues to chase PayPal, Square and other merchant payment platforms, it nearly doubles its valuation to US$ 9.2 billion with a fresh round of funding. The move also makes John Collison, Stripe’s president and co-founder the world’s youngest self-made billionaire. ▪
Shops premiere   UK-based women's fashion retailer Hobbs and furniture company Herman Miller have both opened their first US standalone stores.  In Europe, Italian food brand Eataly is spending US$ 106 million on its “theme park”, FICO, which is scheduled to open in Bologna next year. ▪
unexpected discoveries
The value of bitcoin   While mobile payments are expected to reach US$ 314 billion by 2020 as their acceptance by retailers and consumers grows, "bitcoin mining" has become a lifeline in Venezuela's faltering economy.  ▪
Return fraud season   This year's holiday shopping season not only blesses retailers with expected record spending, but it is also a time when they face one of their fastest-growing and most expensive problems - return scams. ▪

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