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

Tesco further fuels the supermarket price wars in the UK with the introduction of their revamped price promise which, as an industry first, presents the prospect of instant discounts at the check-out. In the US, the largest-ever deal in the technology sector has been struck whilst a couple of other mergers remain in the pipeline. Enjoy the read!

asia & australia
E-tailers face complaint   The Traders body ​Confederation of All India Traders (CAIT) complained to the Indian commerce ministry that e-commerce firms such as Amazon, Flipkart and Snapdeal are violating foreign direct investment norms by holding festive season sales on their platforms. ▪
Manufactured in India   Chinese mobile phone maker Gionee has followed Xiaomi in manufacturing its devices in India and Chinese handset company OnePlus has partnered with the world's largest electronics contractor manufacturer Foxconn to also commence local assembly operations in the country. +++ India's factory output growth accelerated to a near three-year high in August adding to the optimism in Asia's third largest economy. ▪
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Hardware partnership at stake   Woolworths and Lowe's injected another AU$ 105 million into their loss-making Masters hardware joint venture, which took the total value of their investment to AU$ 3.32 billion. On 20 October, Lowe's can officially exercise a put option requiring Woolworths to buy out its 33% stake.  ▪
Tesco makes 'Brand Guarantee' price promise   The grocer revamped its 'Price Promise' price-matching scheme as 'Brand Guarantee'. The new scheme offers an instant discount at the tills if branded products would have been cheaper at any of its big rivals. ▪
Bid No. 4 in mega beer merger  While AB InBev has raised their bid to at GBP 43.50 a share in its intention to acquire British-South African beer brewer SABMiller, the Belgium-based multinational is facing investigations in the US following allegations that it is seeking to reduce competition by buying distributors.  ▪
Staffing bottleneck in logistics   Wincanton, one of Britain's largest logistics companies, warned that deliveries could take longer and costs could rise as businesses fight for qualified drivers. ▪
Coca-Cola named and shamed   According to an investigation by The Times (paywall), Coca-Cola has spent millions of pounds on research institutes and scientists who cast doubt on the link between sugary drinks and obesity. ▪
Historic tech mega merger sealed     In the most expensive deal in history for a tech company, computer giant Dell will buy data storage company EMC for US$ 67 billion +++ The possible US$ 6.3 billion merger of Staples and Office Depot is delayed again and Petsmart has stalled its merger talks with Petco over antitrust risks.    ▪
Facebook pushes further into commerce   The world’s largest social network is testing new e-commerce features, including a dedicated shopping section. Social commerce seems to be on the rise in general, with various retailers and social media platforms experimenting in the field.   ▪
Thanksgiving closure trend   While most retailers are entering hiring season for the christmas holidays, GameStop is joining Staples in what could be a new trend this year - retailers not opening their shops on Thanksgiving Day. ▪
Paying cashless for State services    Heating up competition in the cashless payment field,  MasterCard targets African governments in order to grow its emerging markets revenues. ▪
Shipping turned to shopping   In Johannesburg, South Africa, a retail centre has been built out of old shipping containers in an innovative attempt to find a new avenue of growth for small traders. ▪
MTN Nigeria receives global award   Mobile telecommunications company MTN Nigeria emerged as winner in the telecommunications category of the 2015 Global Brand of the Year Awards making it the first company in West Africa to receive such recognition.  ▪

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