Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 03 May 2017

Hello, dear reader,
Physical stores in European fashion capitals are on the horizon for German e-commerce major Zalando. Italian dairy company Parmalat explores new markets in the US, and ubiquitous mega retailer Amazon aggressively invests in India while secretly launching its own fashion brand in the UK. Enjoy the read.

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Europe
Expansions in the fashion world   Following the footsteps of other e-commerce giants, German online fashion retailer Zalando wants to open its own stores in locations like London, Paris and Berlin. Meanwhile, rival Amazon has quietly launched its own fashion label range in the UK.  ▪
Delivery delights   Garden centre chain Dobbies, formerly owned by Tesco, has signed a deal with online company Ocado to launch a delivery service across the UK +++ Sales are up at British online food order and delivery service Just Eat. The company is still in the process of trying to acquire rival Hungry House.  ▪
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Online moves   In a bid to improve shopper experience, Basque retail cooperative Eroski has given its e-commerce portal a major revamp. Over in Italy, retail consortium Selex has launched a new online platform, Cosicomodo, to bring together its different store banners and sales formats.  ▪
USA & Canada
Parmalat acquires in the US   The Italian multinational cooperation has increased its footprint in America with the takeover of two US companies, operating in the dairy sector, for US$ 130 million. The acquisition includes a production facility in California.  ▪
Pick-up trial   Supermarket chain Hy-Vee, which operates more than 240 grocery stores across eight Midwestern states, plans to build a new small-format store that would be a pick-up point for online grocery orders. The combined market and gas station might also include a quick-serve restaurant. ▪
Mixed outlooks   Amid pressure from more generic drugs, pharmacy chain CVS Health reported a lower profit in Q1, but still beats estimates. Due to tough conditions in the grocery market, supermarket operator Publix revealed a sales decline of 2.1% for this period, while tech giant Apple made a ton of money - US$ 11 billion in profit. ▪
Asia & Mexico
Ambitious Amazon   Aiming to be the fastest growing marketplace in India, the e-commerce giant continues to aggressively expand its operations in the country with the addition of seven new warehouses, a move that will provide employment to about 4,000 people.  ▪
Alfamart in the Philippines   The Indonesian-headquartered convenience store chain is set to increase its presence in the Southeast Asian country, and will open 120 mini-marts in collaboration with its local franchise partner. The stores offer basic goods as well as food-to-go products. ▪
Reporting results   Mexican retailer Soriana, the second-largest grocer in the country, has reported modest growth for Q1, operating profit was up 4.4%, while convenience giant Oxxo, owned by Grupo Femsa, continued to enjoy increased revenues and profits due to the opening of 170 new stores.  ▪
Keep an eye on
Post-Brexit challenges   Leaving the European Union without a trade deal in place could put up to 97% of British food and drink exports at risk, according to a House of Lords report that lays bare the agricultural industry’s overwhelming reliance on local markets. ▪
Vietnamese potential   The Southeast Asian country proves to be an attractive market for franchises. Within 10 years, Vietnam has witnessed the arrival of 164 foreign franchises bringing 201 brands. F&B franchises comprise 40% of those, among them Pizza Hut, Starbucks and McDonald's. ▪

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