Our Friday issue includes a number of retailers and FMCG majors reporting their results and unveiling strategies for future growth. Among them are Australia's Woolworths, Spain's Dia group, Spar Austria and South Africa's Massmart. In other news, we learn that Aldi has acquired a Hungarian brand and Walmart ramps up its online focus.




Friday, 23 February 2018





Hello ,

Our Friday issue includes a number of retailers and FMCG majors reporting their results and unveiling strategies for future growth. Among them are Australia's Woolworths, Spain's Dia group, Spar Austria and South Africa's Massmart. In other news, we learn that Aldi has acquired a Hungarian brand and Walmart ramps up its online focus.

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Europe


E-commerce effort ▪ Pac 2000A, the largest member of Italian cooperative Conad, and IT specialist Intema have established Eurecart to help its members with online operations. Currently, 25 Conad stores in Rome are utilising the platform, but the goal is to get considerably more stores on board.



Aldi buys in Hungary ▪ The Hungarian unit of the German discounter has purchased dairy brand Kokárdás, owned by producer Alföldi Tej. The two companies have been cooperating for ten years and offer 12 products under the label since 2015. It is the first time that Aldi has acquired a Hungarian brand.



Optimistic outlooks ▪ Spanish retailer Dia posted disappointing results in 2017 in its home markets but assured that it is on the way to maintain price leadership. Spar Austria enjoyed strong growth last year driven by 'self-expansion'.



Gender pay gaps ▪ Tesco has revealed that men earning on average 8.7% more than their female counterparts across its UK operations, making it the first of the big grocers to report its figures ahead of a government deadline in April. Fashion retailer New Look and John Lewis followed suit.




US & Canada


Digital decisions ▪ Walmart has unveiled a redesigned home furnishing website with an easy-to-use curated collection. The move is seen as an attempt to better compete with the likes of Target and Amazon. Meanwhile, Texan grocer H-E-B pilots a self-checkout mobile app at two of its locations in San Antonio.



Seeking stability ▪ After a disappointing holiday season, Toys ‘R’ Us is reportedly planning to close another 200 stores, but the struggling retailer says it is focusing on the reinvention of its business. New York-based Tops Market, which operates 169 stores, is the latest supermarket chain that has filed for bankruptcy.



Korean eatery ▪ Hmart, the largest Asian supermarket chain in America, has launched a Korean food hall, dubbed Market Eatery, in its new location in Austin/Texas, which opened on February 15. The company operates 60 stores nationwide and expects to open 15 more this year.




Australia & Asia


Rivalries Down Under ▪ Australia's Woolworths has again outstripped its key rival Coles with a 14.7% growth in first-half profit thanks to strong supermarket sales. Meanwhile, department store chain David Jones suffered the same sluggish trading condition as ailing competitor Myer and posted a profit fall.



Reviving fashion ▪ Chinese conglomerate Fosun has acquired a controlling stake in ailing French fashion house Lanvin, joining other Chinese companies that have recently bought top brands to capitalise on the demand for luxury products from wealthy mainlanders. No financial details were disclosed.




Africa


Massmart shines ▪ The South African retailer, majority owned by Walmart, posted a 2.7% rise in annual sales, in a challenging business environment. Massmart is Africa’s second largest retail group after Shoprite and operates 423 stores, across 13 sub-Saharan countries.



Uchumi still struggles ▪ The Kenyan retailer has posted another net loss in the half year to December 2017, with a declining performance. Uchumi has struggled in the past to raise new capital to fund its operations which have been hit by the closure of branches and stock-outs.