in one of the latest international tie-ups, US grocer Kroger has agreed to an exclusive deal with British online retailer Ocado. Lidl changes its management team in America and Walmart posted quarterly results. Across the Atlantic, Marks & Spencer and Südzucker are working on ideas to improve their performances. Enjoy the read!




Friday, 18 May 2018





Hello ,

in one of the latest international tie-ups, US grocer Kroger has agreed to an exclusive deal with British online retailer Ocado. Lidl changes its management team in America and Walmart posted quarterly results. Across the Atlantic, Marks & Spencer and Südzucker are working on ideas to improve their performances. Enjoy the read!




The Americas


Management shakeup ▪ A new person is poised to take charge of Lidl's US operations. The German discounter announced that Johannes Fieber was named company president and CEO and will replace Brendan Proctor, who has been at the helm since 2015. Fieber previously served as CEO for the discounter in Sweden.



Grocery deal ▪ Supermarket giant Kroger and UK pure play Ocado have announced a strategic alliance. It marks the British online grocer's first foray into the US and will give Kroger an opportunity to ramp up its delivery and tech business. As a result, Ocado's shares have surged by 44%.



Online push pays off ▪ Walmart beats expectations on with its first-quarter earnings. Its e-commerce business rose 33%. The retail giant is rolling out a free pickup service for online orders at all of its Canadian stores, but quietly shelved its Mobile Express Scan & Go service.



Ikea enters Latam ▪ The Swedish furniture retailer has signed a franchise agreement with Chilean retailer Falabella and plans to open stores in Peru, Chile and Columbia, along with online sales channels for the three countries. The first store will be launched in the city of Santiago at the end of 2020.




Europe


Paypal expands ▪ PayPal is buying Swedish small-business platform iZettle for $2.2 billion to expand in Europe and Latin America and increase its presence in brick and mortar stores. The deal is the biggest ever for PayPal and is intended to help it compete with rival Square.



Carrefour debuts ▪ The French retailer has launched a fully-automated Drive facility in Belgium, the first of its kind in the country. It features a wall of metal lockers and can accommodate nearly 50 orders per day.



Sweet decision ▪ Südzucker, Europe's largest sugar producer, is suffering from the steep fall in sugar prices and plans to step up exports to compensate. The company expects that its sugar sector will make an operating loss of between EUR 100 and 200 million in the current financial year.



Markle & Sparkle ▪ .. is the rebrand of Marks & Spencer for the coming weekend as the British icon wants to honour the royal wedding of Prince Harry and Meghan Markle. Also changing its name, but for more than two days, is Danish retailer Dansk Supermarket, which will operate under Salling Group from June.




Asia


Alibaba's backyard ▪ Amazon will host an event in Hangzhou – hometown of its mighty Chinese competitor – to connect online merchants with 400 Chinese manufacturers. Meanwhile, Alibaba Health plans to expand investments in artificial intelligence as the unit posted whopping results.



Tencent thrives ▪ The Chinese technology giant posted profit records, driven by the strong performance of its mobile gaming business and gains in its sprawling investment operations. The market value of the WeChat operator surged to USD 34 billion, being named Asia’s most valuable listed company.




Weekend read


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