Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 14 February 2017

Hello, dear reader!
While Amazon tops some popular ranking lists in the US, competitor Walmart combines its online and store buying teams to better fight the Seattle-based e-commerce powerhouse. Over in Britain, Tesco also pushes its online operations following the Booker deal, but has some home-made problems to solve. Enjoy the read and don't forget to share, if you like it.

ADVERTISEMENT
 

USA & Canada
Walmart streamlines    The US retailer is seeking to make the buying process more efficient in a bid to better fight rival Amazon. The store and the online buying team will join together, which is regarded as a significant move to stamp out duplication. ▪
Entering new territory   The ever-expanding discounter Dollar General has arrived in its 44th state and has opened a store in North Dakota with six more to follow. In another first, however politically motivated, CEO's of some of America's largest retailers, including Target and Best Buy, are in Washington to make a case against the import tax proposal. ▪
ADVERTISEMENT
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
Amazon claims top spots   The online giant from Seattle not only topped the retail sector category, it also came in number one in the world’s 50 most innovative companies listing according to Fast Company, and in another poll that measures the reputation of companies perceived by the public, guess who took the first place? ▪
Europe & Israel
Tesco on the offensive   The British supermarket operator plans to expand the number of click-and-collect locations to almost 8,000, following its acquisition of Booker. In another move, the retailer has ordered large-scale checks after a BBC investigation found that it was overcharging customers on multi-buy offers. ▪
High Street blues continues   Stationery chain Clinton is considering the closure of over a quarter of its UK high street stores. Its owner American Greetings has revealed that 120 of its 393 stores are under an “ongoing strategic review,” but insisted that there are "no plans" for mass closures (paywall). ▪
ADVERTISEMENT
 
Shufersal eyes drugstore chain   Israel's largest supermarket operator is considering acquiring local chain New-Pharm Drugstore, which operates 67 branches throughout the country and as well as pharmacy goods, also sells cosmetics, toiletries, baby products, household wares and natural healthcare products. ▪
Asia & Australasia
Developments Down Under   Australian conglomerate Wesfarmers, which owns Coles supermarkets, has named Rob Scott as its new managing director to succeed Richard Goyder. Over the Tasman Sea, mass layoffs are feared at The Warehouse, New Zealand's largest retailer. Last month, the company issued a profit warning.  ▪
Expanding in China   Shenzen-based Internet firm Tencent has partnered with US coffee chain Starbucks to launch a gifting feature on its mobile social media platform WeChat. Meanwhile, New Zealand-based kiwifruit marketer Zespri Group expects China to become its number one sales market by the end of the year. ▪
What to watch
Ambitious Heineken    With the agreement to buy the loss-making Brazilian breweries of Japan's Kirin in a deal worth US$ 1.1 billion, the Dutch brewer has become a stronger rival in a heartland of global beer leader AB InBev. ▪
Struggling Whole Foods   In the US, organic food is more popular than ever, but Texas-based supermarket Whole Foods, which helped create the demand, is in danger of being left behind. The retailer seems to be in the wrong places at the wrong time.  ▪
Bleak prospects   Brexit, terrorism and economic stagnation have created a haze of uncertainty for Europe's grocers, at a time when the industry is already going through upheaval. Magazine Forbes describes a shrinking scenario for traditional supermarkets and hypermarkets. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive