Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 20 December 2016

 

Greetings!
Neither the looming Brexit nor the economic crisis in Greece intimidate Lidl, as the German discounter continues its expansion strategy with investments in both countries. Amazon appears to aim at deepening its presence in the trucking industry by building its own in-house "Uber for trucking" app, and Walmart has helped the blockchain technology along to enter the grocery aisles. Enjoy the read!


asia
SuperValu brand enters China   Irish food wholesaler Musgrave will sell SuperValu private label products directly to Chinese consumers on Alibaba's Tmall Global e-commerce platform. Meanwhile, Chinese legislature is working on a law to regulate and facilitate the booming e-commerce in the country. ▪
Cashless payments in India   In an attempt to minimise the effects demonetisation has on India’s e-commerce sector, Amazon India launched its online wallet Amazon Pay Balance. Although demonetisation has driven up credit card usage, there has been a drop in the overall value of those transactions, an indicator for declining consumer confidence in the country.  ▪
Quick delivery in Malaysia   Tesco Malaysia has entered into a partnership with online grocery service HappyFresh to offer on-demand deliveries within the hour in the Klang Valley area. The IMF expects Malaysia's economic growth rate to be at 4.5% in 2017, higher than that of Singapore. ▪
Europe
Lidl's investment push   The German discounter received the green light for its new London headquarter. As Lidl pushes ahead with its three-year GBP 1.5 billion investment plan, the discounter also announced to create 5,000 jobs in London as part of its plans to open nearly 250 new stores in the city. In Greece, Lidl will continue its investment with EUR 100 million in 2017. ▪
Spar takeovers   Spar Austria expands in Croatia with a takeover of Rewe Group’s 62 Billa stores in the country, along with a logistics centre at Sveta Helena, at an undisclosed purchase price. On the Isle of Wight, 12 Spar stores have been taken over by the UK’s fastest growing convenience store chain, Central Convenience Stores. ▪
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Poundland to sell fashion   Following its recent acquisition by South African group Steinhoff, the British budget variety store chain will begin selling clothing in 2017 +++  The price wars in the country have led to the British supermarkets having lost more than GBP 800 million in sales this year. ▪
USA
Amazon develops trucking app    The e-commerce giant is reportedly working on an app, which is scheduled to launch in summer 2017, to match truck drivers with shippers. This way, Amazon would be able to cut out middlemen and associated costs. ▪
CVS cuts down   The drugstore retailer announced to be closing 70 stores within the next months as part of an overall cost-cutting plan aiming for US$ 3 billion in savings from 2017 to 2021. ▪
Walmart trials blockchain   In a major test of blockchain technology, the big box retailer has begun to define data requirements for tracking and tracing pork in China and the US. The highly encrypted technology is seen to be one of the key technologies of the future ▪
industry insights
Ikea prepares Indian entry   Mikael Palmquist, Ikea's retail president for the Asia Pacific region, talks about preparations and challenges before the Swedish furniture giant rolls out its first stores in India, the first one in Hyderabad at the end of 2017 and then one in Mumbai within a few months. ▪
Myer refines personalisation   Mark Cripsey, Myer’s chief digital and data officer, explains where the Australian department store chain views the use of technology to improve its services and how thinking about the future involves looking backward.  ▪
The fun factor behind Tiger   The Guardian is taking a closer look at the retail phenomenon Tiger, the Danish homewares retailer described as "Ikea on acid". ▪

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