Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 19 April 2017

Hello, dear reader,
Britain's Theresa May surprised her countrymen by calling for a snap general election. Business experts reacted with a mixture of surprise, uncertainty and confidence. We take a look at their expectations in today's issue. Following Walmart, Petsmart invests billions in an online acquisition to head off Amazon. Enjoy the read!

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USA
Mega online deal   In what is called the largest e-commerce acquisition ever, pet supply retailer Petsmart, valued at US$ 8.7 billion, has agreed to buy online marketplace Chewy.com for US$ 3.35 billion. The deal is even bigger than Walmart's takeover of Jet.com last year. ▪
More digital partnerships   Money transfer company Paypal is expanding its footprint by joining forces with Google's Android Pay mobile platforms, and tech giant Oracle has acquired ad measurement company Moat, which helps advertisers to validate online ads and has worked with the likes of Unilever, P&G and Nestlé. ▪
Weetabix gets US-owner   Post Holdings is buying leading British breakfast brand Weetabix from Shanghai-based conglomerate Bright Food Group for US$ 1.8 billion, giving the American cereal company a European base. Insiders fear it could mark the start of a spending spree on UK assets.  ▪
Europe
British visions   Business and retail experts have responded to Prime Minister Theresa May's call for an election in different ways. The National Farmers' Union pledged to ensure that their voice is heard and the Association of Convenience Stores is 'committed to get the best deal for local shops'. ▪
Department store revamps   Chinese-owned House of Fraser, which has delivered mostly positive full-year results, plans to turn its shops into a “lifestyle-led experience”, and Debenhams is set to renovate the retail chain’s 165 stores and cut some in-house brands in a bid to lure back shoppers. ▪
Swiss partner for Alibaba   Switzerland-based global transport company Kuehne + Nagel has signed an agreement with the Chinese e-commerce behemoth to provide China-based shippers with logistics solutions. The partnership is said to lead to an expansion of services outside China. ▪
Asia & Australia
More drones for JD.com   The Chinese e-commerce heavyweight plans to build 150 drone launch facilities in Sichuan province for unmanned aerial vehicle parcel delivery. Having secured government approval, drone deliveries in China are at the forefront of commercial delivery innovation. ▪
Convenience Japan style   In an effort to cope with a severe lack of manpower, the country's major retailers, including convenience store operator Seven & I Holdings and other chain operators, will allow customers to use self-checkout computer kiosks to scan an entire basket of items. The system will debut next year. ▪
Tax issues Down Under   The US online powerhouse has also attacked the Australian government’s plan to impose GST on all online purchases, saying it will create an “inherent disincentive” to comply. Australia Post has hit back at both Amazon and Ebay, defending the collection method as the most efficient way to impose the tax. ▪
Latin America & Africa
Quality under scrutiny   Brazil's Grupo Pão de Açúcar, which reported a 9.5% rise in first-quarter net revenue, is the county's first major retailer to make a public commitment to animal welfare in terms of egg production. Meanwhile, the country's meat packers are still suffering from a recent corruption scandal. ▪
African growth strategies   Recent data shows that a number of South African retailers are investing more into store refurbishment and IT instead of store roll-outs. One of the continent's biggest grocers, Shoprite, looks beyond its home country and is contemplating a push into Eastern Europe and South America. ▪

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