Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 30 November 2016

Hello, dear reader!
French giant Carrefour aims to get extra cash to expand and to improve its formats. Sweden's Ikea reiterates its commitment to Britain despite Brexit and former Tesco-boss Clark has been cleared of fraud. In the US, Cyber Monday has made history again and billion-dollar takeovers are in the making. If you like, share this with your colleagues. Subscription to RetailUpdate remains free.

South pacific & middle east
Convenience in demand   Alfamart Philippines plans to open as many as 120 new convenience stores and has secured local financing to fund the expansion. In Malaysia, the 7-Eleven chain operates over 2,000 outlets. Due to a solid rise in sales the company is set to launch 200 new outlets per year for the next 10 years. ▪
Woolies partners for pick-ups    Australia Post has signed a deal with the supermarket giant to install its 24/7 parcel lockers in Woolworths stores across the country as the retailer continues to focus on becoming an e-tailing hub. The free lockers will be installed in 500 outlets over the next five years. ▪
Barilla eyes UAE   Following a previous opening in New York City,  Italian pasta maker Barilla has announced it will bring its restaurant chain to the Middle East in collaboration with Al-Futtaim Group. The first casual-dining eatery will open in Dubai. ▪
Carrefour secures growth   In a bid to get extra cash to fund expansion, the French retailer reportedly considers an initial public offering for its commercial property arm Carmila, valued at EUR 4.5 billion. Carrefour continues to improve its store networks across Europe, with major efforts in Belgium and Poland (paywall). ▪
British treats   European festive goods, such as stollen or panettone, are increasingly in demand in the UK according to a study by Tesco, which has seen the demand double in the last three years. In other news it was confirmed that former Tesco-boss, Philip Clarke, will not face charges over the 2014 accounting scandal. ▪
Ikea's commitments   Despite the Brexit vote, the Swedish furniture retailer still sees a lot of opportunities in the UK, where it has posted a sales increase of 8.9% to GBP 1.72 billion. Ikea is set to double the size of its British business by 2020 and also hints to continue its US expansion. Over in Australia, the retail giant has launched home delivery and online ordering for the first time. ▪
 usa & Canada
Albertsons in acquisition mood   The Idaho-based retailer is reportedly in advanced talks to buy supermarket chain Price Chopper for around US$ 1 billion. The regional grocery store company operates roughly 130 stores across the northeast of the US, including New York, Connecticut and Massachusetts. ▪
Johnson & Johnson gets serious   The US health-care products titan has significantly increased its takeover offer for Swiss biotechnology company Actelion as negotiations progress. Shares of the latter jumped following the news of the higher offer. ▪
Record-breaking results   Cyber Monday has made history again with shoppers spending a whopping US$ 3.45 billion online. Department store chain Kohl's had more than 60 million visits on its website and outdoor apparel retailer Patagonia, which pledged to donate all its Black Friday revenue, will give US$ 10 million to grass-roots environmental groups. ▪
what to watch
The future of Fairtrade   Chocolate brand Cadbury, owned by US food giant Mondelez, has come under fire for pulling out of the Fairtrade scheme in favour of its own “sustainability programme”. Analysts argue that the move could undermine the weight of the ethical brand and weaken commitments. ▪
Demonetisation and its effects   While digital payment company Paytm claims it has seen 35 million transactions since India's prime minister announced demonetisation at the beginning of the month, many sectors were hit and critics argue that the move was wrong because it does little to stop corruption. ▪

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