Walmart reveals how it will spend US$ 11 billion to improve its performance in the US. Competition in South East Asia is set to intensify with the entrance of Spar in Sri Lanka, and in Europe, unfair trading practices are under scrutiny. Get inspired by stunning store concepts from New York, London and Germany and have a great weekend.




Friday, 13 April 2018





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Walmart reveals how it will spend US$ 11 billion to improve its performance in the US. Competition in South East Asia is set to intensify with the entrance of Spar in Sri Lanka, and in Europe, unfair trading practices are under scrutiny. Get inspired by stunning store concepts from New York, London and Germany and have a great weekend.




Asia & Australasia


Ambitious expansions ▪ Spar International has announced its entry into the Sri Lankan retail market and plans to introduce 50 stores by 2023. It is the company's sixth market in Asia. Although suffering a profit drop, Indonesian-based chain Alfamart aims to open hundreds of outlets across Southeast Asia.



Accelerating growth ▪ Coca-Cola Amatil, the Australian arm of the beverage giant, plans to invest in up to 15 Australian and New Zealand start-ups through a partnership with local accelerator BlueChilli. Successful applicants will be given access to resources and support.


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Ongoing talks ▪ Walmart is likely to reach a deal to buy a majority stake in Flipkart by the end of June in what could be the retail giant's biggest acquisition of an online business. Walmart has already completed its due diligence and made a proposal to the Indian e-commerce player.




Europe


Level playing field ▪ The European Commission unveiled proposals to protect small farmers and food producers from what it says are unfair trading practices by larger corporations, but EuroCommerce, which represents retail giants like Carrefour and Lidl, criticises that this goes against 'creating positive relationships'.



High Street updates ▪ British book specialist WH Smith posted a fall in profits over the past six months. Unfazed by the high street turmoil, US footwear retailer Foot Locker has opened a flagship store on London’s Oxford Street in a “significant milestone” for the area’s repositioning.



Survival struggle ▪ Carpetright, Britain's biggest carpet retailer, has confirmed plans to close 92 stores, with the potential loss of 300 jobs. The company, which has a UK workforce of 2,700, has issued a series of profit warnings recently and is in a restructuring process to avoid administration.




USA


Spending plan ▪ Walmart is remodelling 500 stores as part of its US$ 11 billion investment budget. The biggest share of the remodels will happen in Florida and Texas, where the company is spending a combined US$ 477 million to open 14 new stores and revamps 82 others.



Preparing meals ▪ Online grocer Peapod is collaborating with foodservice operator Lettuce Entertain You to add meal kits to its offer. Supermarket chain Hannaford and Chicago-based company Home Chef have partnered. Shoppers now can order and pick up Home Chef meals at 'Hannaford To Go' locations.



Online debut ▪ Speciality bulk food chain Bulk Nation went live with an Internet store this week, accessible through BulkNationUSA.com. To mark its e-store’s grand opening, the Florida-based grocer is offering free shipping within America on purchases exceeding US$ 69.




Image galleries


Glitzy appearances ▪ Upscale retailer Nordstrom has opened its first-ever freestanding men's store in New York, offering a differentiated assortment in all categories. Across the Atlantic, colourful LED arches welcome customers when they enter the new United Colors of Benetton shop in London (in German).



Rural charmer ▪ Independent grocer Nüsken has revamped a Marktkauf store in the small town of Ennigerloh in Germany. With plenty of non-food, a focus on fresh produce and a number of services, the shopping destination has become a drawcard in the region. Click here for pictures (captions in German).