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.
Top highlight and most valuable knowledge platform
Meet leading international retail experts like Jacky Tang, Zhonggen Group, Silvio Kirchmaier, Umdasch Group, Victor Guo, Mall China or Wu Yanni, Penguin. Don't miss the opportunity to discuss methods for innovatively incorporate e-commerce into the changing retail landscapes.
Attend the C-star-Retail-Forum from April 26 to 28 in Hall N5 at Shanghai New International Expo Center.
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.
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
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
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.