Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 29 March 2017

Hello, dear reader,
The path to expansion in the Middle East has been cleared for Amazon as it beat out Emaar Malls to acquire Souq. Another settlement could be reached in Britain with Tesco coming to terms with the SFO. Over in the US, Walmart continues to challenge its competitors. Enjoy your Wednesday bulletin and don't forget to share.


USA & Canada
Walmart gets ready   The US big-box retailer is going on the offense as German discount giant Lidl prepares to enter the United States this summer. The heavyweight is rolling out a new customer-friendly prototype for its neighbourhood grocery store concept in a handful of markets nationwide.  ▪
Amazon offers pick-up   The online behemoth is pushing deeper into Walmart territory and the US$ 600 billion grocery market with the launch of two grocery pick-up stores in Seattle. The fledgling concept allows Amazon Prime members to order online and pick up purchases in as little as 15 minutes.  ▪
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Improving customer experience   Ahold Delhaize-owned supermarket operator Food Lion is offering its loyalty card shoppers price cuts of 25 cents with every private brand item purchased. With its outlook on the rise, fellow retailer Kroger has introduced a 'story' website to help consumers engage with the company and its brand.  ▪
Europe
Tesco's commitments   After a two-year investigation into false accounting, Britain's biggest retailer has agreed to pay millions in fines. Despite increasing shareholder opposition, Tesco boss David Lewis remains 'completely committed' to the Booker acquisition. ▪
Tracking tech trends   High street store operator John Lewis is expanding its start-up accelerator programme across sister retailer Waitrose. The initiative will give between five and 10 start-up applicants the opportunity to develop their technology in collaboration with and using the resources of retailers. ▪
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Break-down in Bulgaria   Supermarket chain Piccadilly, which operates stores in Varna and Sofia, has been declared insolvent and a court has appointed a temporary receiver to the business. The company owes debts of around EUR 42.9 million.  ▪
Middle East & Australasia
Done deal   Despite an eleventh-hour bid by Dubai's Emaar Mall, Amazon has reached an agreement with online retailer Souq to buy 100% of the company, dubbed the 'biggest-ever technology transaction in the Arab world', signalling that e-commerce in the Middle East is set to grow. ▪
Woolies warns of price hikes   Absorbing higher costs from its massive profits is no longer an option after wars with Coles and Aldi saw it cut prices by A$1 billion. The Australian retail major has warned that increasing electricity costs will force up supermarket prices.  ▪
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Fonterra grows in China   On the heels of its new alliance with Alibaba in the fight against food fraud, the New Zealand-based dairy co-operative revealed expansion plans for its products in China. Fonterra increased its combined consumer and foodservice volumes in the country by 48% in 2016. ▪
Latin America & Africa
Determined to spend   GPA SA, Brazil's largest diversified retailer, plans to invest US$ 384m million this year to bolster growth in supermarket, cash-and-carry and real estate. Over in Mexico, a study has found that Mexicans spend 5% more on groceries last year. ▪
Payment delays   Kenya's largest supermarkets, among them Nakumatt, Uchumi and Chandarana, are accused of withholding payments for goods delivered for as long as two years, a report shows. But suppliers failed to raise complaints fearing lost business, despite falling deep into debt. ▪

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