Chilean retailer Cencosud is selling off US$ 1 billion of assets while American fast food giants have come under fire for underpaying their Australian staff. German discounter Lidl finally makes its move on Ohio and Aldi is crowned the UK’s cheapest… but that certainly wasn’t the case for many of its customers. Enjoy the read and feel free to share.




Monday, 28 August 2017





Greetings!

Chilean retailer Cencosud is selling off US$ 1 billion of assets while American fast food giants have come under fire for underpaying their Australian staff. German discounter Lidl finally makes its move on Ohio and Aldi is crowned the UK’s cheapest… but that certainly wasn’t the case for many of its customers. Enjoy the read and feel free to share.




USA & Latin America


Mega sell-off ▪ One of Latin America’s largest retailers, Cencosud, plans to sell up to US$ 1 billion in assets. The sale, which will see the Chilean company cut debt and boost growth, comes after its Q2 profit was below market expectations.



Oh Ohio ▪ Lidl is making its move on Ohio, months after confirming plans to expand there. The discounter is looking for a real-estate manager to scout and acquire sites for stores. Amazon plans to repurpose what was once the world’s biggest mall, but is now abandoned, into a warehouse.



Road bumps ahead ▪ A US senator has questioned the approval of Amazon’s purchase of Whole Foods this week without a full review, saying she would ask the commission for an explanation. New York City has agreed to delay menu labelling laws to spring next year.




Europe


Cheap or costly? ▪ German discounter Aldi has come out on top as the cheapest supermarket in the UK, hammering its nearest rival, Asda, by GBP 8. However, some shoppers were paying double after an error saw customers at some stores charged twice.



Give it a go ▪ Swedish grocer Axfood’s new flagship store is piloting its Vego concept, to encourage shoppers to consider meat alternatives. LZ Retailytics says it is the most holistic approach to catering to a group it has seen. Meanwhile, Spar will become the first international retailer to launch in Belarus, with plans to open 60 new stores by 2020.


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Boozy Brits ▪ German grocer Lidl’s promotion for super-cheap prosecco had thousands of shoppers queuing outside their local. Rum sales in the UK are rising, and look set to break GBP 1 billion in sales this year. Consumers bought almost 34 million bottles of rum last year.




Asia & Australia


Fast food, slow pay ▪ KFC and McDonald’s are among the major employers defending themselves against claims of underpaying staff in Australia. The companies fronted up to Senate to explain why they have not paid their workers weekend penalty rates.



Bucking the trend ▪ Super Retail Group – the owner of Rebel Sport, Supercheap Auto and BCF – has delighted investors with an AU$ 58 million boost in profit. The group shook off concerns about the rise of online shopping, and has plans for an AU$ 120 million spending spree on the business in the next financial year.



Shots fired ▪ Chinese e-commerce giant Alibaba has thumbed its nose at rival Amazon’s foray into the supermarket world, saying it is already strides ahead. The online retailer is encouraging Australian food producers to look to its platform for access to its captive base of half-a-billion customers.




Inspiring ideas


Smart marketing ▪ Major retailers are getting behind Disney’s latest promotional masterstroke – “Force Friday II”. The launch will promote its upcoming Star Wars film, and includes a pop-up augmented reality treasure hunt. Kmart’s promotions department is building endorsement with the help of an army of Instagram mums.



Store openings ▪ Mobile payment start-up Square has opened its first brick-and-mortar store in Manhattan. The showroom has a distinctly Apple vibe, and will provide support for merchants using its technology. Sporting giant Nike has opened its newest flagship store on Sydney’s sought-after George Street.