Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 10 January 2017

Hello, dear reader!
Alibaba's Jack Ma meets US president-elect Donald Trump. Aldi enjoys record sales in the UK, while Tesco powers ahead with its restructuring programme. In the US, Amazon invests into cybersecurity, chocolate giant Mars is set to grow in the lucrative pet market and Yahoo stops to exist. Read about these developments and feel free to share the news.

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asia & australasia
Alibaba strikes more deals   Jack Ma, founder of the Chinese online marketplace, met with US president-elect Donald Trump "to do some great things". In Australia, Alibaba has signed an agreement to strengthen trade between the two countries, and in its homeland, the e-commerce powerhouse is offering US$ 2.6 billion to take over retailer Intime, which operates 29 department stores in China. ▪
McDonald's sells Chinese business   The US fast food chain operator has finally reached a US$ 2.08 billion deal to get rid of its business in mainland China and Hong Kong. Meanwhile, acquisition activity has lost momentum in China after the securities regulator stepped up supervision. ▪
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The leading business platform for retail industry : C-star 2017
C-star - Shanghai's International Trade Fair for Solutions and Trends all about Retail, will be held in Shanghai from April 26 to 28, 2017. As the most international retail event in China, C-star covers four major product areas including Shopfitting, Retail Technology; Visual Merchandising and Stand Construction. More information, please visit
www.c-star-expo.com.
Warehouse slims down   New Zealand's largest retailer, the Warehouse Group, issued a profit warning in the run-up to the Christmas trading period and announced that it will trim down its organisational structure in a bid to cut costs. First-half results will be announced in March. ▪
europe
Aldi defies the odds   Although analysts were predicting that German discounters will see disappointing results over Christmas in Britain, Aldi UK posted record sales. In Germany, the retailer is joining forces in the launch of a new Aldi animal welfare label, which will be applied to a range of milk-based drinks. ▪
Tesco shake-up continues   Britain's biggest retailer has unveiled plans to close two of its 25 distribution centres and to overhaul the management of its distribution network. The ongoing transformation programme will lead to thousands of jobs being cut. ▪
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Mercadona cares about safety    The Spanish retailer, which has just launched its 'efficient' store model in Cadiz, has signed an agreement with the government of the Castilla-La Mancha region. The contract assures the rapid communication of any health alerts to ensure that unsafe food is not placed on store shelves. ▪
No Christmas presents for Metro   For the important Christmas quarter from October to December the German retailer Metro reported that sales decreased 0.6% due to weakness at its Real hypermarkets and sluggish performance in consumer electronics. On a like-for-like basis sales rose 0.1% to 17 billion euros.   ▪
usa & canada
Mars bets on pets   The chocolate giant, which is also the world’s biggest pet food company, spent US$ 7.7 billion to buy animal hospital chain VCA. The company will be part of Mars Petcare but will operate as a “distinct and separate business unit,” according to a statement. ▪
Amazon invests in security   The Seattle-based e-commerce major has acquired cyber security firm harvest.ai for US$ 20 million. The San Diego-based start-up, co-founded by a team that includes two former NSA employees, uses machine learning and artificial intelligence to analyse online user behaviour. ▪
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After 15 years as MDD Expo,
the benchmark event for private label in the French market, M.A.D.E.* is the result of a natural evolution that follows the international development of the exhibition through a changing retail market. On 28 & 29 March 2017, M.A.D.E.* will bring together manufacturers of own label products and buyers from all distribution channels across Europe for 2 days dedicated to co-creation.
www.madeparis.com
Yahoo becomes Altaba   One of the Internet's most respected companies won't exist for much longer. Tech company Verizon Communications, which has acquired Yahoo's core business for US$ 4.8 billion in July last year, changed its name to Altaba. CEO Marissa Mayer and six directors will leave the board. ▪
mexico
Walmex enjoys growth   Walmart de Mexico, a unit of US big box retailer Walmart, reported strong growth in Central America for its last fiscal year. The company's sales in Mexico, where it ended the year with 2,291 stores, were up 9.1% and same-store sales 8% higher than in 2015 due to strong consumption in the country. ▪
Agricultural importance   In 2016, Mexico managed to position itself as the main supplier of agricultural products for the US, surpassing Canada and the European Union. The country began gaining importance after the North American Free Trade Agreement was implemented. ▪

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