Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 27 March 2017

Hello, dear reader,
Chinese powerhouse Alibaba is set to become a leader in Southeast Asia’s promising e-commerce market and partners in Australia for a good cause. Competitors Amazon and Walmart see potential in India's food retail, while Britain's Tesco is close to a deal over its accounting scandal. Enjoy our Monday bulletin and have a great start to the week.


Asia & Australia
Alibaba seeks advantage   Being the first international player to enter the Southeast Asia region, the Chinese powerhouse is set to maximise its early mover advantage and has launched its Taobao site in Singapore. Over in Australia, the company has teamed up with several partners to prevent food fraud, using blockchain technology.  ▪
Interest in India   US retailer Walmart has announced that it will open 50 new stores in the country, after it has received clarity on the food retail guidelines. Germany’s Metro Cash & Carry has also shown interest in starting stores, and e-commerce major Amazon will invest US$ 500 million for e-tailing food products. ▪
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Lotte to save China business   The South Korean retailer will invest US$ 192 million into a Hong Kong subsidiary to infuse funds to 'smooth business' in China. This comes after Chinese authorities closed 67 out of Lotte's 99 hypermarkets due to a diplomatic standoff. ▪
Europe
Top changes at Tesco   The British supermarket leader continues with its management shake-up. George Wright has been appointed as its new commercial director. The retailer is also close to a deal with Serious Fraud Office over its 2014 accounting scandal. ▪
Jobs in jeopardy   Iconic UK footwear brand Jones Bootmaker could be protected from administration by being sold to investment firm Endless, saving 72 stores and 840 jobs. The remaining 31 stores will close. Earlier, rival Brantano went bankrupt, putting 1,000+ jobs at risk. ▪
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Granarolo buys in Brazil   Italian dairy company Granarolo has acquired the majority of Allfood, a Brazilian importer and distributor of European foods. Based in São Paulo, the company has a portfolio of more than 200 products. The country's dairy sector is worth EUR 23 billion. ▪
USA & Latin America
Shaky shoe industry   Struggling US footwear retailer Payless plans to reorganise its operations by closing as many as 1,000 stores to avoid bankruptcy. Sluggish mall traffic took a toll on fellow retailer The Finish Line, which reported a loss of US$ 9.5 million for Q4. Rival Shoe Carnival is in a better position as it has reached US$ 1 billion in net sales for the year.  ▪
Coke rejigs management   The soft drink giant has announced several changes to its senior leadership team to drive its ongoing transformation. Key changes include the creation of the role of chief growth officer, appointing a chief innovation officer and positioning the information technology function as a direct report to the CEO. ▪
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Less meat from Brazil   The Brazilian unit of JBS, the biggest producer of beef in the world will reduce its production by 35% due to cuts in exports following the meat scandal. But the company is set to keep all its Brazilian employees even with lower production and sales. ▪
What to watch
Aldi tops again   Watch out Woolies and Coles, the German discounter scored another record Down Under. An astonishing 5.1 million Australians read or looked into an Aldi catalogue, which makes it the country's most-read supermarket catalogue. ▪
Replaced by robots   Retail is among the sectors identified as facing the biggest risk of jobs being automated in the next 15 years, according to a PwC report. Up to 2.25 million jobs could change as robots are increasingly used. ▪

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