Slovenian conglomerate Mercator is interested in Agrokor's retail business, while South Africa's Foschini Group made its first major acquisition in Australia. Over in the US, Amazon has opened another bricks-and-mortar bookstore - this time in the cultural capital New York. Get informed and feel free to share.




Tuesday, 30 May 2017





Hello, dear reader,

Slovenian conglomerate Mercator is interested in Agrokor's retail business, while South Africa's Foschini Group made its first major acquisition in Australia. Over in the US, Amazon has opened another bricks-and-mortar bookstore - this time in the cultural capital New York. Get informed and feel free to share.

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Europe


Comeback for Mercator ▪ Ailing supermarket chain Agrokor has presented a new concept for its business in Bosnia and Herzegovina, involving the takeover of Konzum and Velpro operations by Slovenia's retail major Mercator, which Agrokor acquired in 2014. LZ Retailytics takes a closer look at the changing market.



Eurospin looks overseas ▪ Italy's leading discounter has its eyes on new markets like Bosnia, Croatia and USA as growth possibilities in its home market are limited. With a concept similar to Aldi and Lidl, the Italian retailer might be on the right track according to LZ Retailytics.



Reporting results ▪ In line with its performance the previous year, Spanish retailer Eroski enjoyed net sales of EUR 5.29 billion in 2016. Italy's Conad Adriatico has reported a yearly turnover of EUR 1 billion, while compatriot Simply Etruria, franchisee of France’s Auchan Group, posted a slight decline in its 2016 results.




Asia & Australia


Fashion moves ▪ Retail Apparel, a menswear retailer that operates a network of more than 400 stores in Australasia, has been sold to Cape Town-based Foschini Group for US$ 302 million. It is the first major Australian acquisition by the South Africans and is seen as a good growth opportunity.



Tobacco decisions ▪ Japan Tobacco plans to spend US$ 500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.


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Ambitious Kiwis ▪ After several years in the planning, Auckland-headquartered gourmet burger chain BurgerFuel has opened its first store in the US. Meanwhile, New Zealand’s horticultural exports increased in the double-digits to a record NZ$ 5.1 billion, with kiwifruit representing a third of that figure.




USA & Latin America


Amazon and the world of books ▪ The online powerhouse is looking to skip major book distributors and deal directly with publishers with the goal of getting 'stuff to people fast'. Last week, the company opened its first bricks-and-mortar bookstore in New York, tuned for speedy business.



Local commitment ▪ Inserra Supermarkets, a member of the Wakefern cooperative, has begun providing locally sourced produce to all of its 22 ShopRite stores across New Jersey and New York. The move is not just about the quality of the locally grown ingredients, but also about the environmental impact.



Growing in Brazil ▪ Despite the current economic crisis facing the country, Sao Paulo-based private label supplier Sobel has experienced a 30% growth in turnover since 2014. The company supplies fabric softener and bleach for Walmart Brazil’s private label brands.




Sustainability matters


Fighting food waste ▪ British supermarket leader Tesco has developed a resealable salad bag after research found that salad leaves are among the most wasted food products. In Canada, two Ontario grocers are aiming for the same goal by using an app to notify shoppers when food is about to expire and getting cheaper.



Good intensions ▪ Aldi Suisse has equipped its stores in the Ticino region with collection points for recycling plastic cartons and bottles, while Lidl Slovenia has committed to reducing the content of added sugar and salt in its private label products by 20% by 2025.