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

Greetings!
The two online titans keep on branching out. While Amazon is reportedly back in talks to acquire Souq.com, its Chinese rival has signed an agreement with the Danish government. French powerhouse Carrefour is set to invest in Brazil and Finnish retailer Kesko teams up to launch a beauty chain. Get informed about the latest developments in the industry and feel free to share the news.


Asia & Middle East
Danish delights   Alibaba has signed a memorandum of understanding with Denmark to increase exports from the Scandinavian country to China. In its home country, however, the online juggernaut is facing criticism from rural farmers about its inefficient push to create e-commerce villages in the countryside. ▪
Amazon negotiates again   The US e-commerce leader has restarted talks to acquire Dubai-based Souq.com for as much as $650 million after walking away from the deal earlier this year. Over in Texas, Amazon is showcasing its drones for the first time to the general public during a festival. ▪
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Europe
Finnish joint venture   One of the country's leading retailers, Kesko, has partnered with pharmaceutical company Oriala to launch a new chain of health & beauty stores in Finland. Once the venture is approved, the initial goal is to build 100 physical stores and an online platform, with the first outlet opening in autumn 2017. ▪
Asda’s payment pitches   The British supermarket owned by Walmart is offering staff a double-digit in their hourly pay if they agree to more flexible working. In other news, Asda has announced that it will cut its petrol prices, with competitors Morrisons and Tesco said to follow. ▪
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Sustainability matters   Britain’s Tesco has launched a first-ever 'food waste hotline', which will allow suppliers and growers to highlight recurring food waste issues in the supply chain. Staying in the UK, a sustainability checklist to improve packaging systems has been published. ▪
USA & Canada
In search of techs   Data and analytics is a key differentiator for US discount chain Target, which is making a push to add top tech talent to its workforce. Meanwhile, a new initiative has been launched in the US to explore the impact that technologies such as artificial intelligence will have on the retail industry. ▪
More closures   Retail disruption in the US continues, as bankruptcies have been filed by century-old discount department store chain Gordman’s and for the second time in a little over two years by electronics chain Radio Shack. Also, threatened with liquidation is sporting goods retailer Gander Mountain, which is pro-actively seeking a buyer. ▪
Fairway to be rescued   Industry veteran Abel Porter has been named the new president and CEO of the iconic New York supermarket chain. He is tasked with rebuilding performance of Fairway in the aftermath of several years of financial struggle. ▪
South America
Carrefour bets on Brazil   Like its competitor Walmart, the French retail leader is also committed to the Brazilian market and will open 70 new Express mini-markets this year. The country's supermarket association Abras has awarded Carrefour with the Rama Prize for sustainability. ▪
Delivery expansion in Peru   Green Bean, the region’s largest online natural and organic grocery delivery service, has announced it is expanding its services to cover residents in Peru. Members can shop online from a full selection of products and have them delivered directly to their doorsteps. ▪

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