Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 09 May 2016

Hello, dear reader!
Retail giants Walmart Canada and Loblaw Companies are supporting efforts to cope with wildfires in Canada. A partnership for energy improvement has been announced by M&S in Britain and the Swedish powerhouse Ikea is set to make shoppers' lives easier. The takeover of Australian icon Pacific Brands is one step closer, while the country's dairy farmers call for action. Enjoy your Monday brief and have a great start to the week.

asia & australia
Takeover bids Down Under   Australian wholesaler Metcash is reportedly interested to buy Woolworths' hardware chain Masters, which would make it the second-largest player in the sector +++ The proposed takeover of Pacific Brands by US clothing company HanesBrands for AU$ 1.1 billion received the approval of the Foreign Investment Review Board. ▪
Alibaba causes a stir   A number of retail companies, among them luxury label Gucci, have quit the US-based International Anti-Counterfeiting Coalition, because it allowed Alibaba to become a member. In other news, the e-commerce giant has revealed the startups it will fund in Hong Kong. All three are unsurprisingly online retailers. ▪
Milk price cuts annoy farmers   Dairy farmers are urging the federal government in Australia to establish an independent review of the country's dairy industry after farmgate milk prices were slashed by Fonterra and other processors recently. ▪
M&S to reduce carbon footprint   The British retailer has launched the second edition of its Community Energy Fund, which will donate GBP 350,000 to renewable energy projects in the UK. To improve energy performances in M&S stores, fan manufacturer ebm-papst has partnered with AB Group on the roll-out of fans and condensers. ▪
Commitments in Britain and Spain   British retailer Tesco has started selling private label products from Spanish supermarket chain El Corte Inglés in its UK stores. Meanwhile, competitor Sainsbury's is following Aldi's move to support local farmers and has committed to source 100% British lamb this summer season. ▪
Ikea moves on   The Swedish furniture retailer is reportedly in talks with BHS's administrators to take over some outlets of the bankrupt department store chain. Other news have it that Ikea is testing a mobile program to speed up checkout operations as part of an ongoing focus on in-store technology to make shoppers' lives easier.  ▪
usa & canada
Fighting against wildfires   Walmart Canada and Loblaw Companies have responded to the Fort McMurray wildfires with financial aid to foster relief efforts. The companies donated US$ 500,000 and US$ 300,000 in support, including food and health supplies. Individual Canadians have so far given US$ 30 million to the relief efforts. ▪
Mega merger decision looms   A decision whether the US$ 6.3 billion merger between Staples, the country's largest office supply retailer, and Office Depot can go ahead, is expected this week. The Federal Trade Commission sued to block the deal in December. ▪
thought-provoking reads
The struggle with organics   About US$ 45 billion are spent on organic food every year in the United States and the sector is set to grow according to TechSci Research. However, organic grocers continue to struggle. Check out what New York-based supermarket Fairway's bankruptcy means for the industry. ▪
Five fintech trends   China, a country well known for its e-commerce giants, has emerged as a leader in the world of financial technology. Alibaba-owned newspaper South China Morning Post looks at five sectors in fintech, where the country seems to be leading the world in. ▪

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