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Retail Update - powered by LebensmittelZeitung

Hello, dear reader!
Amazon has unveiled its delivery plans for Germany and it looks like Deutsche Post DHL has a new competitor. Over in India, the online giant is about to launch its grocery arm, while rival Flipkart is on a mission to raise billions. Takeover and spin-off plans keep US companies busy and in Africa, Choppies is set to grow. Enjoy the read and have a relaxed weekend.


asia & south pacific
Tough times for Aussie retailers   Supermarket giants Coles and Woolworths will be affected by a new law regarding superannuation. The changes will require an overhaul of the way the retailers administer their payments. Meanwhile, women’s clothing retailer Laura Ashley has called in the administrators. ▪
Chinese Cola returns   Tianfu, once China’s top selling cola brand, will return to the market after being absent from shelves for nearly two decades. The company plans to introduce some new soft drinks. ▪
Samsung still struggles   The South Korean electronics giant was hoping for a greater boost from its current flagship smartphones. While operating profit was up 15% to US$ 5,1 billion, it falls short of analysts' average estimates. ▪
Flipkart wants more money  The Indian online giant has started talks with investors to raise about US$ 1.4 billion as it tries to cement its leadership in the online retail market. Rival Amazon heats up competition as it gets ready for the official launch of its grocery arm Kirana Now. ▪
Lidl UK continues to grow    About 500 jobs are to be created in Devon, after the German discounter pledged to revive plans to build a distribution depot there, which could pave the way for Lidl to open more stores. Business leaders in the area welcome the plans of the discounter.  ▪
Amazon unveils German delivery plans   The online giant wants to open its own parcel delivery depots near major cities in Germany in order to reduce its dependency on its distribution partners, which will have a major impact on its relationship to Deutsche Post DHL. ▪
M&S boss leaves mixed legacy   Marc Bolland, chief executive of the high street retailer, retires in April and will be succeeded by Steve Rowe, who has been with Marks & Spencer for over 25 years. The latter faces the challenge of transforming the business. ▪
Acquisitions on the agenda    After months of speculation, department store operator Hudson's Bay has confirmed that it will buy luxury retailer Gilt for US$ 250 million +++ Food company General Mills has announced the acquisition of meat snacks firm Epic Provisions  +++ Monsanto is set to invest in 11 start-ups ranging from robotic farming to microbial research.  ▪
Supervalu separates discount unit    The US supermarket chain filed plans with the Securities and Exchange Commission to spin off its hard-discount division Save-A-Lot as a public company. Its board has approved the separation. ▪
Improving performances   Whole Foods is undergoing a technology overhaul to regain its former strength and J.C. Penney's transformation remains a work in progress as it looks to build on omnichannel progress. ▪
latIN America & africa
Chile accuses Cencosud & Co.   The three largest retailers of the country, Cencosud, SMU and Walmart Chile, have been accused of collusion in the poultry market, but it remains to be seen whether there will be implications for the produce sector. ▪
Choppie expands in South Africa   The Botswana-based retailer increases its presence in the country by acquiring 21 stores from convenience chain store operator Jwayelani. The purchase will add to the 39 stores that Choppies operates in South Africa. ▪
Uchumi exits Uganda   The Kenyan supermarket operator filed for bankruptcy in the Ugandan High Court, two months after shutting down its operations in the country. The move is regarded by insiders as wise. ▪

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