Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 09 May 2017

Hello, dear reader,
To better compete with rival Walmart, Amazon has again changed its free shipping policy. The online giant also continues its push into brick-and-mortar, while traditional retailers Albertsons and Target give delivery services a go. Read about the latest developments in our industry and feel free to share the news.

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USA & Canada
Amazon stays active   The e-commerce major has lowered its free shipping minimum down to US$ 25 amid its battle with rival Walmart. The company will also open its 13th physical bookstore in Washington and is expected to unveil a new Echo speaker with a screen that will incorporate video calling capabilities. ▪
Delivery decisions   Target plans to test a next-day home delivery service in the discounter's hometown of Minneapolis. The service will pilot this summer. At the same time, Jewel-Osco, a division of Albertsons, will begin rolling out its e-commerce offering, including home delivery. ▪
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Supermarket woes   Kroger has announced that it will be cutting prices on thousands of items but also axing its senior discount scheme. Meanwhile, Southeastern Grocers is planning to close 20 stores and to lay off an unspecified number of employees. ▪
Luxury conglomerate   US handbag maker Coach agreed to buy its smaller competitor Kate Spade for US$ 2.4 billion in an attempt to appeal to younger consumers and to create a global, multi-brand luxury company. Coach was also considering the acquisition of shoe maker Jimmy Choo, offered by Germany's JAB Holding. ▪
Europe
Drugstore overhaul   Germany's Rewe Group is on a complete realignment course for its ailing Bipa drugstore division in Austria. The banner will see major changes in management, assortment, pricing and distribution. Analytics platform Retailytics takes a closer look at the changes.  ▪
Solid performances   Spanish consumer cooperative Consum reported a sales growth of 10.5% to EUR 2.34 billion for 2016, and is expected to grow at more than double the market rate in the coming years. Bottling company Coca-Cola European Partners has also reason to feel good with a Q1 revenue totalling EUR 2.4 billion ▪
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Fighting waste   Danish retailer Coop Danmark is introducing the 'Too Good To Go' app, which will help reduce food waste in its stores. With the device, customers can purchase items that would otherwise be thrown out, at up to 75% less than the original price.  ▪
Asia & New Zealand
Challenging Alibaba   JD.com, China's second largest e-commerce company, backed by Walmart, posted its first quarterly profit since its Nasdaq listing in 2014. Sales increased to US$ 11 billion +++ Singapore start-up Garena has rebranded as Sea after it secured US$ 550 million in funds to step up its battle with online giant Alibaba and to grow globally. ▪
Kiwi success stories   Auckland-based retail chain Briscoe Group enjoyed positive sales and a record profit growth in the first quarter. New Zealand wine exports to the US have increased by 11% surpassing NZ$ 500 million. The ambitious goal of Kiwi winegrowers is to reach NZ$ 2 billion worth of exports by 2020.  ▪
Unusual and remarkable
Targeting travellers   Hawthorn Suites is putting a new spin on room service. The US hotel chain is partnering with Peapod and Instacart on a delivery pilot that brings groceries directly to the guests' hotel room doors. The test takes place in and around the Chicago area. ▪
... and Britain's cheapest grocer is   German discounter Aldi, which was found to offer lower prices on 31 out of 33 items than UK's big four supermarkets. The next cheapest was Asda, while the most expensive basket was offered by Waitrose.  ▪

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