Walmart is not only in talks to acquire an insurance and a pharma business but is also extending its money transfer operations globally. Alibaba has launched a speedy delivery service for its Hema stores. French heavyweights Casino and Auchan team up to better compete worldwide and Russia's local hero X5 Retail is on the rise.




Wednesday, 04 April 2018





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Walmart is not only in talks to acquire an insurance and a pharma business but is also extending its money transfer operations globally. Alibaba has launched a speedy delivery service for its Hema stores. French heavyweights Casino and Auchan team up to better compete worldwide and Russia's local hero X5 Retail is on the rise.




US & Canada


Thinking ahead ▪ Walmart partners with MoneyGram to launch Walmart2World. The international money transfer service will be available in 200 countries. Pushing further into the healthcare segment, the American retail giant is reportedly in talks to acquire online pharmacy start-up PillPack and health insurer Humana.



Solid performances ▪ Canadian discount chain Dollarama enjoyed a double-digit increase in its Q4 earnings and revealed details about its e-commerce rollout. Bolstered by strong sales and widespread membership growth, Associated Wholesale Grocers reported record net sales of US$ 9.70 billion.



Survey results ▪ Amazon is maintaining its lead in online grocery pricing, but Walmart is closing in according to a study by e-commerce specialist Profitero. While dairy alternatives continue to grow in popularity, consumers are not quite ready to completely bet on them, says a report from food giant Cargill.




Europe


Joining forces ▪ French supermarket operators Casino and Auchan have started talks on forming a strategic partnership for global purchase negotiations as competition intensifies within the domestic sector. The announcement comes just a week after Casino struck a deal with Amazon.



Local hero ▪ X5 Retail Group has completed the acquisition of Ufa Grocery, adding 99 stores to its network and plans to open around 2,500 outlets this year. Click here to get the LZ Retailytics report about the market situation in Central & Eastern Europe with a special focus on main players such as X5 and Lenta.



Tackling issues ▪ Australia’s Wesfarmers is looking to find a buyer for its struggling British Homebase chain just two years after it bought the business. Meanwhile, House of Fraser will get another GBP 15 million injection from its main shareholder, Sanpower Group, to address the department store’s financial troubles.




Asia & Australia


Alibaba delivers ▪ The Chinese e-tailer has ramped up its local service offering and unveiled a 24-hour grocery delivery at its 25 Hema supermarkets for shoppers living within a 3-kilometre radius. In other news, it was revealed that Alibaba has filed a trademark lawsuit against a Dubai-based firm Alibabacoin for confusing the public.



Enhancing online ▪ Singapore's NTUC FairPrice has launched an updated e-commerce grocery platform called 'FairPrice On'. The supermarket operator has also unveiled a revamped mobile app and online portal to provide a more robust and intuitive user-interface as well as an automated storage and retrieval system.



Payment options ▪ Australian bank Westpac will provide cheaper "tap and go" debit card payments to retail businesses, amid pressure to address the cost of electronic payments for merchants. Eftpos was initially not capable of processing these operations, but its infrastructure has been overhauled.




Africa & Middle East


Spar and its allies ▪ The international chain has opened a hypermarket flagship at Tawar Mall in Qatar with licence partner Al Wataniya. In South Africa, the retailer has partnered with First National Bank to allow customers to use eWallet when purchasing goods or withdrawing cash at stores.



Uchumi keeps fighting ▪ The cash-strapped Kenyan grocer, which is still in its debt restructuring process, revealed that it is about to create an online platform to maximise profit and reduce operational costs. Acting boss Mohamed Mohamed aims to bring the company to a positive and sustainable position.