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Retail Update - powered by LebensmittelZeitung
Thursday, 30 March 2017

Hello, dear reader
Amazon's antipodean future looks bright as online shopping booms in Australia. In its home country, the US e-commerce major is pulling the plug on its money-losing unit Quidsi. Over in Europe, Britain heads into the great unknown of post-Brexit era. Read about all this in today's issue. Subscription to RetailUpdate remains FREE.


Asia & Australia
Expectations Down Under   Amazon wants its Australian website up and running by 2018, including its Prime membership, which provides perks like faster shipping. Speedy delivery, however, could become a problem for the US e-commerce leader, say industry insiders. Nevertheless, the timing is good as online shopping continues to soar in Oz. ▪
Fresh online offer   Aiming at health-conscious consumers, Korean online retailer Gmarket has launched Gtable, a new service that sells fresh food from farms around the country. The retailer will be involved the entire process, including product selection, washing, packing, and delivery. ▪
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Level playing field   In India, global tech start-ups are taking market share from home-grown players, who are dependent on investors for funding. Therefore, local companies such as Flipkart and Paytm are looking to push for new rules that would help them better compete with their international counterparts. ▪
Europe
Britain breaks into Brexit   As the UK officially leaves the EU, British Retail Consortium wants the government to prioritise a free trade agreement. Meanwhile, French beverage giant Pernod Ricard is raising prices on its spirits in Britain as inflation is expected to accelerate after Brexit. ▪
Rewe reports records   The German retail group seems to be well equipped for the challenges ahead, after having posted a solid growth for 2016. Revenue was up 5% to EUR 54 billion. Rewe CEO Alan Caparros will leave the company in June, claiming that the retailer has reached its strategic goals. ▪
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Service initiatives   Coop Switzerland wants to nearly double its pick-up points for goods ordered online and plans to have 1,000 locations by May. Over in France, Carrefour unveiled home shopping innovations, including the relaunch of its Pikit home-scanning device and the introduction of a recipe box site.  ▪
USA & Canada
Amazon streamlines   Due to lack of profitability, the online powerhouse is closing down its Quidsi division, which operates shopping site diapers.com, laying off over 200 employees. On the other hand, Amazon will create 1,000 new jobs in Virginia, where it is breaking ground for another gigantic fulfilment centre.  ▪
Ollie outperforms   Pennsylvania-based retailer Ollie's Bargain Outlet is on track for growth. Its net income increased 52% to US$ 24.4 million in the fourth quarter. The company, which also expanded its store network last year, expects to open up to 35 stores this year.  ▪
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Card crimes on the rise   Payment card thefts continue to affect retailers and shoppers in the US. The number of debit cards compromised at cash machines skyrocketed 70% in 2016, while the amount of hacked card readers rose 30% according to data analytics company Fico Card Alert Service. ▪
Africa & South America
Choppies enters Mozambique   Botswana’s largest retailer has opened its first store in the Tete province of Mozambique. The company also warns that its upcoming results might be negatively affected by trading losses in new regions such as Zambia, Kenya, and Tanzania. ▪
Oxxo arrives in Chile   The convenience store chain, (in Spanish) owned by Mexico's multinational beverage and retail company Femsa, has opened its first location in Chile. Femsa plans more investments. Last year, the company has acquired Chilean grocery chain Big John.  ▪

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