The aim to build an Indian e-tailer strong enough to rival Amazon has hit a snag as Snapdeal rejected Flipkart's acquisition offer. In Europe, Carrefour's drive for innovation accelerates and Tesco annoys UK taxi drivers. In the US, Kroger is set to sue Lidl over a trademark. Get informed and feel free to share the news.




Thursday, 06 July 2017





Hello, dear reader!

The aim to build an Indian e-tailer strong enough to rival Amazon has hit a snag as Snapdeal rejected Flipkart's acquisition offer. In Europe, Carrefour's drive for innovation accelerates and Tesco annoys UK taxi drivers. In the US, Kroger is set to sue Lidl over a trademark. Get informed and feel free to share the news.

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Europe


Carrefour experiments ▪ Aiming to cater for different urban demographic groups, the French retailer has unveiled another innovative convenience concept and opened an Express minimarket, dubbed '3 Minuti', in Italy. This comes after Carrefour introduced its "Urban Life" concept in Milan and the BonApp store in France.



Rewarding loyalty ▪ Traditional British taxi drivers won't be happy as Tesco has added Uber rewards to its popular club card scheme, now going contactless. In Russia, X5 Retail Group started a nationwide roll-out of a new loyalty programme for its Pyaterochka banner.



Reporting results ▪ Tesco target Booker has posted a sales increase of 4.2% for its first quarter. The numbers added to talk that the former might have to sweeten its offer price. Not so lucky is online retailer Ocado, posting a slump in its first-half profits, even as sales increased more than 20%.




Asia & Israel


Setback for Flipkart ▪ The board of troubled Indian marketplace Snapdeal has rejected an initial takeover offer, estimated at US$ 800-900 million, from e-commerce leader Flipkart. The rejection is not expected to draw curtains over the deal, a revised offer is expected.



Aeon enjoys profit jump ▪ Japan's largest retailer by sales reported an 11.4% rise in first-quarter profit, boosted by improved performance at its struggling general stores. The supermarket operator reiterated its forecast, however, competition is rising from Japan's ubiquitous convenience stores.



Vegan in Tel Aviv ▪ Inspired by Germany's Veganz concept and the aim to make veganism more accessible to consumers, Israel's first vegan supermarket has opened. Green Wave offers around 4,000 plant-based products. Five additional outlets are in the planning.




USA & Mexico


Kroger sues Lidl ▪ The American supermarket major accuses the German discounter over a trademark issue, claiming Lidl's 'Preferred Selection' range was created to “capitalise on and benefit from the goodwill” of Kroger’s ‘Private Selection’ trademark. The retailer has filed a lawsuit.



Walmex builds in Yucatán ▪ Continuing its strategic focus on the flourishing Mexico and Central America markets, Walmart has announced an investment of US$ 36 million into a new distribution centre in Yucatán to strengthen its logistics network, generating more than 500 jobs.



And the winner is ... ▪ American tech giants dominated an annual ranking of the world's most valuable brands. Google, Apple, Microsoft, Amazon and Facebook took the top 5 places. Amazon came on top in the retail category, ahead of Alibaba, which took the second position.




What to watch


Green initiative ▪ Aldi plans to install 96,000 solar panels at its stores in Britain. The German discounter says that the GBP 17 million investment will save more than 8,100 tonnes of carbon dioxide. It also marks a significant step in Aldi’s ambition to reduce greenhouse gas emissions by 30%.



Google under scrutiny - again ▪ The EU is considering another fine against the US tech giant. This time, antitrust regulators are targeting Google’s Android operating system, which is accused of unfairly shutting out rivals.This fine may top the record EUR 2.4 billion the company received last month.