A strong performance in the Netherlands helped Belgian-Dutch retail giant Ahold Delhaize to achieve solid results, while tight competition in the UK sees the Co-op invest in price cuts for groceries. It looks gloomier across the Atlantic as both Toys 'R' Us and Canadian chain Sobeys have announced to shut stores. Enjoy the read!




Thursday, 25 January 2018





Hello ,

A strong performance in the Netherlands helped Belgian-Dutch retail giant Ahold Delhaize to achieve solid results, while tight competition in the UK sees the Co-op invest in price cuts for groceries. It looks gloomier across the Atlantic as both Toys 'R' Us and Canadian chain Sobeys have announced to shut stores. Enjoy the read!




Europe


Growth strategies ▪ Russian leader X5 Retail Group is considering the purchase of 100 Ufa grocery stores in the Republic of Bashkortostan to integrate them into its Pyaterochka chain. Meanwhile, Belarusian privately-owned market leader Eurotorg plans to re-establish its online banner E-Dostavka in Russia.



Solid performance ▪ Ahold Delhaize has seen strong sales growth in the grocer’s Dutch home market and in Central and South-Eastern Europe. LZ Retailytics takes a closer look at the worldwide performance of the group and says that it might not get easier for them to get forward in the US.


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Pricing alignments ▪ British retail group Co-op has announced plans to invest GBP 50 million in cutting the price of grocery staples amid 'tight' competition on the high street. More than 600 products would be 14% cheaper on average, some of them as much as 40%. The cuts include fruit, vegetables and household staples.




USA & Canada


Closing stores ▪ After having filed for bankruptcy protection last September, speciality retailer Toys ‘R’ Us will shut about one-fifth of its outlets in the US in the coming months. Meanwhile, Canadian grocer Sobeys will close 10 underperforming Safeway supermarkets in British Columbia.



Focus on employees ▪ Home improvement chain Lowe's plans to hire more than 53,000 workers for the coming Spring season. The company employs about 250,000 people nationwide. Starbucks joins companies such as Walmart and Apple in sharing tax savings with its staff. The coffee chain announced to boost worker pay.



Sustainability matters ▪ Idaho-based supermarket giant Albertsons has added sushi to its responsible seafood programme and says that it will discontinue selling eel as its population is in decline, and AB InBev will introduce its staple beer Budweiser brewed with 100% renewable electricity across the US in spring 2018.




Asia & Australia


Tech alliances ▪ Infosys and Hong Kong health and beauty retailer A.S. Watson have joined forces to boost the digital transformation of the latter. Chinese platform Secoo Holding has signed an agreement with Parkson, the department store unit of Malaysia's Lion Group, to drive omnichannel services



Pressure Down Under ▪ South African retailer Woolworths has written down the value of its A$ 2.1 billion investment in Australian department store chain David Jones by a third, blaming the tough market. The company's board, however, remains committed to the "transformation" of the upscale retailer.




Keep an eye on


Scan to go ▪ A checkout designed to scan an entire trolley’s worth of shopping in one go is being trialled Shell petrol station in London. The technology allows large numbers of items to be scanned at once and 15 times faster than standard self-service checkouts. Here is how it works.



Plastic issues ▪ While Unilever has called for the consumer goods industry to step up its efforts to tackle the growing challenge of plastic waste in the oceans, the EU has come under fire for its new policy on the issue. The Oxo-Biodegradable Plastics Association labelled the strategy as 'irresponsible', with 'fundamental errors'.