Traditional retailers Kroger and Sears have reason to rejoice as both beat the odds and reported promising quarter results, despite the ever-increasing e-commerce threat. Lidl deepens its partnership with Shipt in the US, while sister company Kaufland gets serious Down Under and expands in Romania. Enjoy the read and have a relaxing weekend.




Friday, 01 December 2017





Hello ,

Traditional retailers Kroger and Sears have reason to rejoice as both beat the odds and reported promising quarter results, despite the ever-increasing e-commerce threat. Lidl deepens its partnership with Shipt in the US, while sister company Kaufland gets serious Down Under and expands in Romania. Enjoy the read and have a relaxing weekend.

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USA


Successful pilot ▪ Following a promising launch in October, Lidl and online marketplace Shipt announced to expand their grocery delivery service across North Carolina. This gives more than 500,000 households access to food and household items from the German discounter.



Encouraging results ▪ Supermarket operator Kroger has issued an upbeat holiday forecast after posting unexpected sales gains in the third quarter. Troubled department store chain Sears was able to narrow its loss in Q3 by almost US$ 200 million, sending its shares to a new high, however, sales continue to decline.




Asia & Australia


Securing sites ▪ Kaufland, a unit of Germany's Schwarz Group, has purchased its second Australian property in Melbourne as it prepares to break into the country's lucrative US$ 90 billion grocery market. Local retailers expect that the price war will increase once the retail heavyweight has opened Down Under.



Ambitious Amazon ▪ The e-commerce powerhouse was able to more than double its business in India in the year to March 2017, with over 105% growth in revenues, mainly through continuously expanding its operations. In its battle with rival Flipkart, Amazon is powering ahead to become the largest recruiter in the country.




Europe


Lucrative partnerships ▪ In a bid to fill its superstores with new attractions, Tesco has struck a deal with Next to trial a clothing concession in one of its largest outlets. Meanwhile, premium supermarket Monoprix will be the first retailer in France (in French) to launch an e-commerce offer on Google Home.



Supporting locals ▪ Kaufland Romania has opened its third store in Cluj-Napoca, a city in the northwest of the country. The hypermarket features a sales area of 2,403 square metres. More than 50% of the assortment is produced locally. A programme to promote domestic pork was launched last month.



Shake-up at Poundland ▪ Retail director Martin Dawson will leave the variety store chain, prompting a reshuffle of the management team (paywall). The retailer's discount subsidiary Dealz has begun adding Pep & Co clothing outlets to its larger stores in Ireland. Both companies, Poundland and the latter, are owned by South African Steinhoff Group.



Italian premiere ▪ After more than ten years of absence, German drugstore operator dm has decided to re-enter Italy. The company opened its first store in Milan, with around 100 more to follow despite facing strong competition for its cosmetics assortment. Here are some images of the drugstore debut (German captions).




Worthwhile reads


Cash and corner stores ▪ With less than half of all adults in Mexico carrying around credit cards, online payment is not an option in the country. Therefore, Amazon and Walmart are pushing hybrid payment systems by either letting people pay at convenience shops or setting up kiosks in megastores with the goal to boost e-commerce.



Superfoods territory ▪ Peru has become an essential supplier of a wide variety of the planet’s food, thanks to its exceptional natural environment and geographical location. The country claims to have a state-of-the-art technology as well as respect for the environment in line with sustainability criteria.