Investing overseas can be a risky business as Australian conglomerate Wesfarmers experiences in Britain, where its DIY chain Bunnings took a nosedive. It might be a different story for Walmart to enter Israel as the country's prime minister reportedly has invited the retail giant to open a store and discuss tech investments. Enjoy the read!




Monday, 05 February 2018





Hello ,

Investing overseas can be a risky business as Australian conglomerate Wesfarmers experiences in Britain, where its DIY chain Bunnings took a nosedive. It might be a different story for Walmart to enter Israel as the country's prime minister reportedly has invited the retail giant to open a store and discuss tech investments. Enjoy the read!

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Europe


Troubled times ▪ Bunning's' foray into the UK and Ireland has hit a snag, with parent company Wesfarmers forced to write down the investment by almost AU$ 1 billion. The Australian retail conglomerate expects a loss and says its purchase of British chain Homebase has been below expectations.



Speeding up ▪ French retail giant Carrefour wants to introduce self-checkouts in Belgium, discounter Aldi trials a pick-up service in Switzerland, Dansk supermarket has installed digital parcel lockers and Portugal's Continente allows customers to complete online shopping using their voice with the launch of a new app.



Store spaces ▪ LZ Retailytics was invited to see Dansk Supermarked’s new Netto soft discount concept in Sweden, which is based on three core demands: More fresh food, navigation and an improved atmosphere. Click here for pictures and more information.




USA & Middle East


Invitation to Israel ▪ Prime Minister Benjamin Netanhayu and a top Walmart executive reportedly have discussed the possibility of business investment deals and the potential of opening a Walmart retail location in Israel during the recent World Economic Forum in Davos.



Ambitious alliance ▪ Home Depot plans to offer Tesla products. The electric car company, owned by Elon Musk, will be setting up a designated retail space inside 800 stores of the home improvement chain across the US to promote and sell its solar panels and Powerwall batteries. Some shops will run demonstrations.



Strong commitment ▪ Despite reports that the banner isn't doing well, Whole Foods actually is planning to open more than a dozen additional 365 stores. The news comes after the Texas-based natural grocer opened its first 365 location on the East Coast. The company has roughly 16 more signed leases.




Asia & Australia


Brick-and-mortar battles ▪ Tech giant Tencent, the operator of WeChat, is leading a deal to invest US$ 1.59 billion in Chinese menswear group Heilan Home, fuelling competition with fellow internet giant Alibaba. E-commerce company JD.com and online clothing platform Vipshop will also be among the investors.



Creating jobs ▪ Mumbai-based conglomerate Reliance Industries is set to invest in various sectors in Assam, including retail and tourism, offering jobs for at least 80,000 people over the next three years. The company will enhance its retail division's outlet to 40 from existing two.



Facing bankruptcy ▪ NSW-based lifestyle retailer Kangaroo Tent City & BBQs has fallen into administration under the weight of the current trading environment. After 52 years in business, Melbourne-based hair care chain Petra Hair Care has also collapsed into liquidation.




Worthwhile reads


Healthcare is huge ▪ The Guardian takes a look at the recent announcement of Amazon to team up with Berkshire and JP Morgan to create a non-for-profit healthcare group and says that the industry is right to be scared as the healthcare market is one of the biggest industries and it will grow forever.



Mind the gap ▪ The impact of artificial intelligence is seen everywhere. Its main limitation is that it learns from given data. There is no other way that knowledge can be integrated, unlike human learning. This means that any inaccuracies in the data will be reflected in the results.