Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 06 February 2017

Hello, dear reader!
German retail giants are prominently featured in today's issue. You get an insight into how discounter Aldi has won over British consumers with simple efficiencies, while German Retail Blog weighs up the chances of the demerged Metro companies, Ceconomy and Metro Wholesale and Food Specialist. Enjoy your Monday bulletin and have a positive start to the week.

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ASIA & SOUTH PACIFIC
Alibaba ante portas   The Chinese online retailer continues its expansion overseas. On Saturday, the company opened its first Australian and New Zealand headquarters in Melbourne. To push its entry into India, Alibaba is heavily investing in Paytm's newly spun off online marketplace business, competing directly with Amazon and Flipkart. ▪
Amazon invests in India   The US e-commerce titan is set to spend US$ 500 million to launch a wholly-owned online food venture in the country and has sought the Indian government’s approval. It would allow Amazon to become the first foreign retailer to enter the segment.  ▪
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Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
www.ife.co.uk/lebz
Samsung to build in the US   Being worried about the possibility of tariffs on its products, the South Korean tech company is considering building a factory in the United States to make household appliances. Most Samsung products sold in North America are made in Mexico. ▪
EUROPE
Looking for store space   As part of its move into the grocery market, Amazon has been scouting for prime central London locations that could be used as Amazon Go convenience stores. At the moment, the online mega retailer has only a trial store in Seattle. ▪
Successful acquisitions   Italian spirits group Campari has signed an agreement to acquire the majority of London dry gin's brand Bulldog for US$ 58.4 million. Meanwhile, Spar Austria has received approval of the Croatian competition authority for its takeover of Billa supermarkets in the country.  ▪
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Good deeds   Packaging leader Tetra Pak has announced that it will cut the greenhouse gas emissions from its operations by at least 40% by 2030, while Spar Austria discourages its customers from using plastic bags by selling reusable carrier bags at a 50% discount.  ▪
USA & CANADA
Hudson's Bay interested in Macy's   The Canadian retail group is reportedly in talks to add Macy's to its portfolio. Only last month, the 158-year-old US department store chain announced plans to cut more than 10,000 jobs. The acquisition could work out profitable for Hudson's, but it could also be very risky.  ▪
Target cuts back   The US discount retailer is set to concentrate more on its core business operations after a weak holiday season and will shelve some innovative projects, including an e-commerce start-up and a store of the future concept using robots.  ▪
Bleak outlook   Struggling teen apparel retailer Wet Seal has filed for Chapter 11 bankruptcy protection for the second time in two years after it was unable to find a buyer or fresh capital, while home décor chain Kirkland's has lowered its guidance due to a weak fourth quarter result. ▪
INSIDER INSIGHTS
Metro's portfolios   Today, German retail giant Metro Group wants to win its shareholders' approval for the split into two separate public limited companies, separating its food business from its consumer electronics arm. German Retail Blog checks out the high hopes of the group's largest shareholders and looks back at the history of this conglomerate.  ▪
Thrill at the till   Financial magazine This is Money was invited to have a look behind the scenes of an Aldi store in the UK and shares the discoveries. Check out Aldi's 17 secrets of success. Meanwhile, the Guardian sees a convenience store war in the making if Tesco's takeover deal with Booker goes ahead as planned. ▪

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