Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 10 April 2017

Hello, dear reader,
The e-commerce juggernaut that is Amazon is gobbling up most of the industry's online growth, and brick-and-mortar stores are closing down at a rapid speed in the US. In India, a merger between online majors Flipkart and Snapdeal is pushed to counter the mega retailer, while Australia Post is eager to cooperate. Read some insightful articles about the retail nemesis and have a productive start to the week.

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Asia & Australia
Indian alliance   Japan's Softbank wants to merge two of India's largest e-commerce businesses, Snapdeal and Flipkart. The former is already calming down its employees. Meanwhile, Amazon has plans to spend GBP 4 billion to become the country's foremost online retailer. ▪
Providing delivery options   Australia Post is set to work with Amazon when the global online giant officially opens in the country in the coming year. Its large network, which already helps deliver online purchases across the country, will reach out to the e-commerce giant to provide much-needed courier and postal services. ▪
UK food for China and the Middle East   Waitrose has become the first British supermarket to sell English sparkling wines on Tmall, Alibaba's online marketplace, while fellow retailer Marks & Spencer will open a food-only store with around 2,000 items in Dubai this July. ▪
Europe
Benckiser brands in demand   US spices maker McCormick, Ajinomoto of Japan and Unilever are reportedly interested in some of the brands, which are being offloaded by Reckitt Benckiser. The British consumer goods giant explores a sale of its food division over concerns of its Mead Johnson acquisition.  ▪
Good intensions   German discounter Lidl is reinforcing its policy on sustainable fish in Portugal, where it was the first chain to stock sustainable origin cod by the end of last year +++ French retailer Auchan plans to invest more than US$ 356 million in Russia this year, aiming at opening new stores and upgrading IT systems. ▪
Turkey giant reduces staff   Ranjit Boparan, the food tycoon who owns turkey producer Bernard Matthews, is about to cut 114 jobs at its Norfolk headquarters. Employees are 'felt very let down' as Boparan bought the company last year in order to save jobs. ▪
USA & CANAda
Walmart takes on Kroger   The two US retail giants have been aggressively lowering prices to better compete in the grocery market and Walmart seems to be winning the price war. It's groceries cost about 4% less than Kroger's, according to a recent price check by Barclays. However, the latter is cheaper in the 'fresh' category. ▪
Luggage acquisition   Iconic travel brand Samsonite has acquired Colorado-based online retailer Ebags for US$ 105 million. The deal is part of Samsonite's strategy to grow e-commerce business, and strengthen its existing digital capabilities. ▪
E-commerce disrupts retail   Whether shoe, apparel or old fashioned luxury retailers, an increasing number are to close their stores or filing for bankruptcy lately. E-commerce is taking over, with Amazon leading the pack. A key for offline competitors is to focus on the consumers’ desire to touch and feel products, according to analysts.  ▪
Remarkable discoveries
Knowing Amazon   Did you know that Jeff Bezos originally wanted to give the company the magical sounding name "Cadabra" or that the company got started out of a garage? Business Insider collected fascinating facts you probably didn't know about Amazon. ▪
Improved Adidas shoe   The German sport wear giant unveiled Futurecraft 4D, its latest 3D-printed runner, which seems to be a huge improvement compared to the previous model and better suited for mass production. The company plans on selling 5,000 pairs. ▪

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