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Retail Update - powered by LebensmittelZeitung
Monday, 19 December 2016

Hello, subscribers!
Chinese e-commerce giant Alibaba gains approval to increase its stake in Singapore Post, French retailer Casino gets in behind small and medium-size suppliers, and leading US retailer Walmart helps its customers to save. Have a great day, and if you enjoy this issue, please share.

Alibaba news   Singapore’s stock exchange has given the investment arm of the e-commerce behemoth approval in principle to increase its stake in Singapore Post by 107.6 million shares. Meanwhile, in a joint venture with Japanese conglomerate Softbank, Alibaba is now providing cloud computing services, which will give it broad coverage of Japan, from its Tokyo facility. ▪
7-Eleven gets a bank    In an effort to reach customers more easily, CIMB Thai Bank has opened its first sub-branch at a 7-Eleven in Bangkok. CIMBT plans to open another 20 – 30 sub-branches in the region with the convenience store chain next year. ▪
Topshop heads to China   The UK fashion retailer has struck a deal with a local partner that could see as many as 80 stores in China. The first store is expected to open to the public in spring or summer in either Beijing or Shanghai. ▪
Pending acquisitions   Following its purchase of Dollar Shave Club earlier in the year, British-Dutch consumer goods company Unilever now has its eye on Cambridge-based beauty products company Living Proof.  The deal is expected to be completed in the first quarter of 2017 +++ Sweden’s Axfood’s wants to buy online grocery retailer Matse Holding AB and has offered shareholders EUR 17 per share, which totals EUR 56.5 million. Shareholders have between the 21st of December and 23rd of January 2017 to accept. ▪
‘Ugly’ still tastes good   Eroski has proven that you shouldn’t judge an orange by its skin or a potato by its shape. In a campaign to raise awareness about food waste and responsible consumption, the Spanish retailer offered up to 50% off 13 varieties of imperfect fruit and vegetables and sold over 786 tonnes. ▪
Casino supports SMEs    The French retailer has signed an agreement with the Fédération des Entreprises et Entrepreneurs de France (FEEF) that will see it take on trading practices that are more beneficial to small and medium-sized business, such as early payment of invoices and an internal independent mediation structure. ▪
usa & africa
Walmart “Prize Savers”   The US retailer wants to help its customers build up their savings and has launched a “Prize Savers” programme featuring reloadable pre-paid debit cards linked to a free savings “vault.” Savers are entered into a monthly prize draw for every dollar saved in the vault. ▪
Starbucks gets animated   With the assistance of several veteran comedy writers, the US coffee chain has launched its first animated web series. “1st & Main”, which can be seen on Starbucks' digital platforms, features cartoon animals hanging out at a Starbucks store. ▪
AB InBev to sell stake in Distell   In an effort to clear another obstacle to the industry’s largest deal, the multinational beverage and brewing company will sell ABMiller's 26.4% share of South African drinks maker Distell Group Ltd. The buyer is Africa’s biggest pension administrator, The Public Investment Corp. ▪
generational trends
Young not so loyal   Though still popular, loyalty schemes are at risk of alienating younger users, particularly the under 25s, according to new research.  Point of sale marketing specialist Ecrebo found that while 91% of UK customers are members of loyalty schemes, this decreases to 83% for 16 – 24-year-olds. ▪
Silver surfers embrace tech   According to research by retail property experts Colliers International, senior British consumers have the world at their fingertips, and 78% of internet users over the age of 65 shop online, making them among the most tech-savvy shoppers in the world. ▪

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