French electronics giant Fnac Darty tightens its partnerships with Google. Germany's Ceconomy considers a sale of its Russian business. Ireland's Musgrave secures an export deal with a Bahrein supermarket group. A tech outage has forced Australia's Woolworths to close its stores and Ikea Southeast Asia boss speaks about challenges ahead.




Tuesday, 17 April 2018





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French electronics giant Fnac Darty tightens its partnerships with Google. Germany's Ceconomy considers a sale of its Russian business. Ireland's Musgrave secures an export deal with a Bahrein supermarket group. A tech outage has forced Australia's Woolworths to close its stores and Ikea Southeast Asia boss speaks about challenges ahead.




Europe & Middle East


Promising partnerships ▪ After its successful in-store launch of Google Home, French electronics retailer Fnac Darty will roll out demonstration areas for the US tech giant's products in all its stores. Meanwhile, Swiss retailer Coop will fully acquire internet store Siroop, which was established as a joint venture with Swisscom in 2016.



Sales negotiations ▪ German consumer electronics chain Media-Saturn is deliberating a sale of its Russian business to local rival M.Video. Parent company Ceconomy claims falling revenue in Russia. Media-Saturn operated around 60 stores across the country with a revenue of EUR 500 million in 2017.


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Irish gains ▪ Wholesale group Musgrave has announced an export deal worth EUR 5 million with Alosra, Bahrain’s leading high-end supermarket chain, to supply them with a selection of private label products. Other news revealed that Ireland will become the first EU country to gain access to China's fast-growing beef market.




Asia & Australia


Portfolio boost ▪ JD.com pledged to open over one million convenience stores within five years across its home country. The Chinese e-commerce major has joined forces with retail conglomerate China Resources Holding, which sees its supermarket arm, CR Vanguard, linked to grocery delivery platform JD Daojia.



Export high ▪ Australian wine exports to China are booming, rising 51% to more than 1 billion Australian dollars in the last year, thanks in part to a tariff-cutting free trade agreement. The US-China trade clash will also give vineyards Down Under an opportunity to grow their Chinese market share.



Checkout chaos ▪ During the busiest time in the afternoon, Australian supermarket leader Woolworths suffered a nationwide technical outage which has completely halted sales. Customers took to social media to vent their frustration. However, the issue was resolved a short time later and the retailer apologised.




US & Africa


Enhancing customer experience ▪ Walmart is set to make extensive changes to its website to give it a cleaner look and introduce new personalization elements. Supercentre operator Meijer plans to roll out its streamlined checkout service 'Shop & Scan' to all 235 stores. Giant Eagle will include Ace Hardware departments in five of its stores. It is the grocer's first store-within-a-store offering.



Exec appointment ▪ Canadian athletic apparel maker Lululemon has named Patrick Guido as its next chief financial officer. The Canadian athletic apparel maker is still looking for a new CEO, following the abrupt departure of former CEO Laurent Potdevin, who left in February under a cloud of misconduct.



Nigerian merger ▪ Konga, Nigeria's largest e-commerce company and competitor Yudala have joined forces to become the biggest online marketplace on the continent. While Konga will retain its model as an online marketplace, it will return to operating warehouses after closures in 2016.




Insider Insights


Culture and competition ▪ Swedish furniture retailer Ikea faces challenges and opportunities as it expands its footprint across Southeast Asia. The chain's local managing director, Christian Rojkjaer, talks about cultural differences, rivalry and copycats in Vietnam.



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