Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 10 May 2017

Hello, dear reader!
With the help of Twitter, researcher Dunnhumby will show brands how to link ads to sales. Meanwhile, parent company Tesco is about to enhance shopping experience with Google Home, and Lidl is set to increase its investment to source Ireland's best products. Over in the US, Kroger works on a new convenience concept. Enjoy the read.

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Europe
Digital developments   Dunnhumby and Twitter have partnered to help FMCG brands in the UK quantify how their investment in advertising on the social media platform impacts sales, and parent company Tesco offers its customers to shop using their voice by supporting the technology of Google Home.  ▪
ICA Gruppen surges online   The Swedish retail group posted a slightly better-than-expected Q1 result amid a significant surge of online sales, which might encourage more independents, according to Retailytics. The grocer also announced that its greenhouse gas emissions have decreased considerably. ▪
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Beneficial partnerships   Dutch wholesale market leader Sligro Food Group plans to strategically partner with Heineken Nederland, which will boost the former's wholesale business, but what about their retail unit? Over in Spain, retailer Mercadona teamed up with the food bank of Ibiza and Formentera to donate food and personal care products. ▪
Lidl's announcements   The German discounter will increase its investment in Irish suppliers as part of their Kick Start programme. Over in France, the company is set to launch its private label clothing line and in Portugal, Italian manager Massimiliano Silvestri has been named new CEO. ▪
USA & Canada
Kroger bets on convenience   The Cincinnati-based retail giant is reportedly working on a 'different kind of convenience store', called Fresh East MKT, according to CFO Mike Schlotman. Only a few days ago, the company introduced fresh-made, chef-inspired meal kits in some of its stores. ▪
Beating expectations   Office supply chain Office Depot reported a bigger-than-expected quarterly profit after streamlining its business by shutting underperforming stores. Party City also has reason to celebrate as earnings and revenue topped expectations. The party supply retailer will now launch an online marketplace. ▪
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Buyers wanted   Struggling retailer Marsh Supermarkets will close up to 16 additional stores if it can't find a buyer or business partner, while teen apparel chain Abercrombie & Fitch is working with an investment bank to handle takeover approaches. ▪
Asia & Australasia
Alipay arrives in America   Alibaba's Ant Financial unit has inked a deal with payment processor firm First Data that will allow its payment service to be used with more than four million retail partners in the US. The deal is the first of its kind for Alipay, which claims 450 million users worldwide. ▪
Xiaomi debuts in Mexico   The Beijing-based smartphone maker is looking beyond its home market for growth and has launched a new product line in the Mexican market. The move will enable Xiaomi to bring more of its products to the Latin American region, where it already has numerous partnerships. ▪
Africa
Nakumatt cuts costs   The ailing Nairobi-headquartered supermarket operator plans to close its poorly performing stores in Kenya and Uganda and open new outlets at carefully selected high traffic locations. The retailer is betting on a restructuring programme to cut operational costs ▪
Sweet alliance   Catalyst Principal Partners, a Nairobi-based private equity firm has acquired regional confectionery manufacturer Jambo Biscuits for an undisclosed sum. The company, which now employs about 300 workers, started off with biscuits but later diversified. ▪

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