Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 10 March 2017

Hello, dear reader,
German retailers are adventurous when it comes to expanding overseas. Take Aldi and Lidl for example, their success in Britain alone is legendary. While the former is about to detail its entry to Italy, the sister company of the latter, Kaufland, is set to conquer the Australian market. The race is on. Enjoy your Friday bulletin and have a relaxing weekend.

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Asia & Australia
More competition Down Under   Another German discounter is gearing up to enter Australia. Kaufland, a subsidiary of the Schwarz group has confirmed that its feasibility study has made "considerable progress". Now, the company is looking for locations. Meanwhile, US competitor Costco continues its slow but steady expansion ▪
Fresh preparations   To boost sales in India, Amazon has sought approval to sell groceries, mainly sourced local, directly to the consumer and will invest millions. Over in New Zealand, the Warehouse Group says it will focus on digital sales as the US juggernaut swoops into the Australian market.  ▪
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Accelerated growth   In the Philippines, Seven Corp, the local licensee of convenience store chain 7-Eleven, is set to open 412 stores in the country this year. The Manila-based company expects that its network will include 3,500 to 4,000 outlets by 2020. ▪
Europe
Aldi gets serious in Italy   The German discounter is well on the way to setting up shop in Venetia and searching for another DC in Milan. Italian media speculates that Aldi will open up to 20 outlets this year and kick-start the entry via acquisition. German Retail Blog puts the pieces together and explains.  ▪
Carrefour stays confident   The French retail giant posted a drop in annual operating profits, pressured by declining sales in Asia and France. But its boss is "optimistic" about the future and his turnaround strategy. In other news, it was revealed that Carrefour will launch an online marketplace in Poland (paywall). ▪
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More results   Despite a slowing growth and a lower profit, Danish toy maker Lego is satisfied with the highest revenue in its 85-year history +++ As anticipated, British supermarket operator Morrisons finds to its former glory and posted an annual profit as well as a turnover of GBP 16.3 billion. ▪
USA & Latin America
Tackling online rivals   American retail heavyweights such as Walmart and Kroger are boosting their delivery services to compete with their e-commerce competitors. In a recent move, Michigan-based supermarket operator Meijer has signed a deal with Alabama delivery service Shipt to expand home delivery across the Midwest. ▪
Store expansions   Beauty retailer Ulta Beauty continues with its aggressive store expansion, announcing that it will launch 100 new outlets this year, while the off-price retail division of department store chain Nordstrom, Nordstrom Rack, is growing its presence in Oregon. ▪
Pepsico to acquire in Brazil   The US soft drink giant has reportedly made an offer to buy local dairy group Fábrica de Produtos Alimentícios Vigor for US$ 1.9 billion. The group produces yogurts, spreads and cream cheese and operates seven manufacturing sites in the Brazil. Pepsico didn't comment. ▪
Adidas gains ground   After enjoying stellar results for the year, the German sportswear giant is increasing its focus on the US market, where it is challenging rival Nike. Adidas' strategy is the same as the one that has made fast-fashion retailers Zara and H&M so successful. ▪

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