Come June 15, competitive German discounter Lidl will open its first stores in the US and is set to 'make the market work'. On the other side of the Atlantic, Alibaba reports quarter results and seals more deals. Get informed and have a look at some innovative store concepts. Enjoy the read.




Thursday, 18 May 2017





Hello, dear reader,

Come June 15, competitive German discounter Lidl will open its first stores in the US and is set to 'make the market work'. On the other side of the Atlantic, Alibaba reports quarter results and seals more deals. Get informed and have a look at some innovative store concepts. Enjoy the read.

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USA & Canada


Lidl announces arrival ▪ The German discounter is set to open its first US store on June 15 in North Carolina, offering a combination of 'quality, convenience and value' and 'market-beating' prices up to 50% less than its competitors. Analysts estimate the company will have more than 330 US stores by 2020.



Amazon eyes pharmacy market ▪ The online powerhouse has set its sights on a new multi-billion-dollar market and considers to entering the pharmaceutical dispensing business. At the moment, the company is on the hunt for a manager to lead a team and formulate a strategy.


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Store initiatives ▪ Italian chocolate maker Ferrero will open a Nutella Café, in Chicago on May 31. It's the company's first owned and operated restaurant. To give shoppers more reasons for a visit, Apple has launched a programme, called "Today at Apple". It features more than 60 hands-on sessions.




Europe


On the rise in Spain ▪ After rather modest years, German discounter Lidl ended it 2016 financial year in the Iberian peninsula with a nearly double-digit growth and posted net sales of EUR 3.35 billion. It also was a gratifying year for Spanish retailer Gadisa thanks to its local sourcing and competitive pricing strategy.



Italian partnerships ▪ Supermarket chains Sigma and Sisa have set up a joint distribution company, Distribuzione Italiana, with the aim to enhance territorial presence and develop synergies. Meanwhile, Apple has partnered with local banks and retailers to make Apple Pay available in Italy.


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Local heroes ▪ Bosnian supermarket operator Bingo has taken the market leadership from retail conglomerate Agrokor and increased both revenue and profitability. Over in Serbia, grocery chain Gomex enjoyed a rise in turnover but took a hit in profit. The company plans to open 27 stores in 2017.




Asia


High expectations ▪ Following its recent deal with the Malaysian government, where it will establish a data centre later this year, Alibaba has added Pakistan to its list of partner countries. In its home country, the Chinese online giant is expected to report US$ 5.20 billion in revenue.



Developments Down Under ▪ Australian supermarket leader Woolworths partners with the government to educate Aussies with country of origin labelling. Meanwhile, retail conglomerate Wesfarmers has abandoned its IPO plans for stationary chain Officeworks. Here is what the analysts say.



Aldi continues to succeed ▪ Latest data from Roy Morgan shows that the German discounter has again hit a new high and ‌increased its markets share in Australia. The company claimed A$ 11.9 billion of grocery buyers’ expenditure during the year, stretching its lead over supermarket chain IGA.




Innovative ideas


Cutting edge ▪ Japanese retail group Aeon wants customers to eat in its stores and will expand dining areas to offer hassle-free meals. Over in Seoul, convenience store operator 7-Eleven has opened the c-store of the future, unmanned and full of technology.



Eataly enters Moscow ▪ The Italian food emporium debuts in the Russian capital, where it will open the second biggest store of its network at the end of the month. Featuring 19 dining options, it also combines market, catering and education facilities.