Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

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Alliances of all sorts dominate today's retail headlines. Delhaize and Ahold have confirmed their merger plans, which would create one of the largest supermarket operators in the US. Silicon Valley newcomer Tango teams up with Alibaba and Walmart while German-based Henkel acquires in Australia. 

asia & australia
Apple in talks with Alibaba   The US software icon is reportedly holding discussions with the Chinese online powerhouse and several Chinese banks to launch Apple Pay in China. The country will be Apple's largest market soon.  Over in the US, analysts expect Apple to start a premium digital TV service that would “shift the landscape of pay TV". ▪
Aditya Birla buys hypermarkets   India's domestic retail sector is poised for further consolidation as the Mumbai-based multinational group Aditya Birla agreed to acquire the hypermarket business of Jubilant Industries. ▪
Carlsberg brews in Myanmar   The Danish brewery group, which posted an unexpected net loss of more than US$ 13 million yesterday, is the first foreign company to begin making beer in the predominantly Buddhist country. ▪
Growing Down Under   German consumer goods giant Henkel has signed an agreement with Colgate-Palmolive to acquire its laundry product range in Australia and New Zealand +++ Total sales of Australian department store chain Myer have risen 2.4% to A$ 661.8 million in the 13 weeks to April 25. ▪
Tesco closes all Homeplus stores   The British retailer is to close its last six Homeplus stores in the UK with the potential loss of about 450 jobs +++ Tesco and Supervalu have each captured 25% of the grocery market in Ireland over the past 12 weeks, whilst Aldi and Lidl posted single digit growth for the first time in five years. ▪
Zalando is optimistic   The German fashion online retailer, which only moved into the black at the end of last year, reported earnings before interest and tax of EUR 29 million compared with a EUR 23 million loss the previous year. The Berlin-based company lifted its growth forecast for 2015. ▪
M&S opens Belgian flagship   The British retail giant has unveiled a brand new flagship store in Brussels as part of a ‘bricks and clicks’ growth strategy for the country, which has already seen it open flagships in France and the Netherlands ▪
usa & canada
Walmart teams up with Tango   Messaging service app Tango is making its foray into mobile commerce by partnering up on a new shopping feature with retail behemoth Walmart and e-commerce giant Alibaba. The alliance will help the retailers in the ongoing struggle to lure Web shoppers from Amazon. ▪
Ahold and Delhaize confirm talks   The Belgian and the Dutch retailer are discussing a possible merger that would have enormous implications for the US grocery market. Kroger CFO Michael Schlotman reflects on the consequences of deals like this. ▪
Ikea recalls safety gates   The Swedish furniture retailer is recalling safety gates because they may fail to stay closed. The recall includes about 58,000 gates in the US and 17,000 in Canada. ▪
south africa & brazil
Inditex faces fines   Zara’s parent company Inditex could be fined up to US$ 25 million by the Brazilian government which says it has failed to deal with employment abuses in its supply chain. ▪
Choppies poised to grow   Botswana-based grocer Choppies is said to use its planned JSE listing on May 27 to grow in South Africa. The company also aims to tap into Africa’s faster-growing economies and will open its first stores in Zambia and Tanzania this year.  ▪

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