German supermarket giants have been busy with Lidl making its way into Latvia and Edeka launching a new store format. Busy Amazon is targeting apartment dwellers with its latest initiative, but its foray into Singapore might be distracting it somewhat. Enjoy the read and feel free to share.




Monday, 31 July 2017





Greetings!

German supermarket giants have been busy with Lidl making its way into Latvia and Edeka launching a new store format. Busy Amazon is targeting apartment dwellers with its latest initiative, but its foray into Singapore might be distracting it somewhat. Enjoy the read and feel free to share.

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Europe


Eyes on Germany ▪ Discount chain Lidl has made its move on Latvia, purchasing a plot in the capital. LZ Retailytics says the move is unsurprising, and shows its readiness to operate in the competitive Baltic market. Supermarket giant Edeka is launching a new store format, coined ‘Edeka Xpress’. It plans to roll the format out in 50 existing stores by the end of September.



Tesco steps up ▪ The UK grocer has become the first to reduce the price of almost 100 women’s sanitary items by 5%, to cover the cost of the controversial UK “tampon tax”. Campaigners have welcomed the move, calling on others to follow suit.



Lenta commits ▪ The Russian retailer has signed a 15-year agreement for 14 hypermarkets spread across Moscow city and the greater Moscow region. The stores are currently operated under the Nash banner and brings the number of Lenta hypermarkets to more than 200.




USA


Amazon eyes apartments ▪ The e-commerce giant is making a play for a customer segment favoured by Walmart’s online operations. It has debuted ‘Hub’ delivery lockers, which have been built for apartment blocks. The lockers feature touchscreen security, and are designed to deter from theft.



In and out ▪ Starbucks is calling it a day on its offshoot, Teavana. The coffee giant will close all 370 stores in a move which will impact its 3,300 workers. Meanwhile electronics giant Best Buy is getting into homegoods, adding interactive Dyson Demo Experiences to a number of its stores.



Tyson goes healthy ▪ The US meat giant is looking to reboot its brand to satisfy an increasingly health-focused consumer base. Brands normally associated with processed or frozen meat like Jimmy Dean and Ball Park will get a healthier, fresher overhaul.




Asia


Tech snags ▪ Amazon appears to have been a victim of its own success post its launch into Singapore, with high customer demand exhausting its delivery slots. U.S. tech heavyweight Apple is removing Virtual Private Network services from its app store in China, with critics saying its has bowed to pressure from Beijing regulators.



Vending spending spree ▪ Chinese supermarket chain New Hua Du is reportedly in the final stages of acquiring vending machine company, Ubox. The deal will secure the supermarket 57,000 vending machines and comes as Alibaba and Auchan launch their own self-service convenience stores in the country.



Cashed up ▪ Chinese smartphone maker Xiaomi has secured a new USD 1 billion loan to accelerate its push into brick-and-mortar stores and help with its overseas ambitions. The loan comes amidst competition from e-commerce giants like Baidu and Alibaba who are pushing onto its natural territory.




Interesting reads


Saving malls ▪ Struggling suburban shopping centres have an opportunity to look to other community needs besides clothing retail to stay afloat. Food retail is a logical channel, with grocery stores moving into anchor sites previously held by department stores.



Bang for buck ▪ While bricks and mortar retail comes with its challenges, here is a list of the top five American retailers who are growing their sales per square foot, despite the shift to online shopping.