Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 12 May 2016

Hello, dear reader!
Ramping up delivery options is on the agenda at India's Snapdeal, Britain's Planet Organic and American restaurant chain Pizza Hut, with the latter making history in Africa. In other news, we learn that another mega deal has been called off and that a number of big players, such as Metro and Macy's, have posted their latest results. Enjoy the read and share the news.

asia & australia
Results and rumours Down Under   Australian department store chain Myer has reported a rise in revenue for its third quarter, which is seen as a sign that CEO Richard Umbers's turnaround plan is starting to work +++ Supermarket major Woolworths has reportedly become a takeover target for US private equity giant Kohlberg Kravis Roberts, however, both companies decline to comment. ▪
Snapdeal powers ahead   The Indian e-commerce company, which reported a slower sales growth for last year, is approaching a number of investors, including Chinese firms, to raise money for its own digital wallet, FreeCharge. Regarding delivery times, Snapdeal beats its rivals in India, according to a PwC report. ▪
Taking on India's e-tailers     Reinventing fashion retail is the goal of Kulin Lalbhai, son of Indian textile tycoon Sanjay Lalbhai. He is about to unveil, a project that is an omnichannel engine, which shall bring together the online and offline worlds. ▪
Alibaba opens Dutch office   The Chinese online giant will launch an office in Amsterdam, which is seen as the ‘gateway to China’ for the Netherlands. It will be headed by Roland Palmer, former boss of Dutch retailer Blokker. Alibaba already has offices in Italy, Germany, France and Britain. ▪
Crunching numbers   Germany’s Metro Group continues its revival, reporting solid growth for its fiscal second quarter, backed by domestic growth, where sales grew by 1.7% to EUR 5.4 billion +++ A slight decline in April sales has been recorded for Swedish retail group ICA Gruppen, which operates some 1,301 stores. ▪
Planet Organic speeds up   To compete with major online retailers, UK's largest organic supermarket, Planet Organic, has partnered with delivery service Hubbub to offer customers in Greater London next-day delivery in one-hour time slots. ▪
usa & canada
Disappointing earnings   America's largest department store company, Macy's, reported a much bigger-than-expected drop in quarterly sales, forcing the company to cut down its forecast for the year +++ Media company Walt Disney has also fallen short of Wall Street expectations, despite some box office successes. ▪
Billion-dollar deal cancelled   Shares of Staples and Office Depot tumbled after a federal judge ruled against the US$ 6.3 billion merger of the two companies with the argument that they would have too large a share of the office supply retail market. Now, insiders suspect that Staples is likely to close hundreds of stores. ▪
Hospitality matters   American chain Pizza Hut, which just made history in Africa with a pizza delivery to the top of Mount Kilimanjaro, expects to open 200 new outlets in the UK by 2020 and to create around 3,000 jobs +++ Meanwhile, Yogurt maker Chobani plans to open yogurt bars in individual Target stores in New York. ▪
developments to watch
Improving the view   Boston-based online home furnishing retailer Wayfair will improve the visualisation of its products. The company has opened an innovation lab at its headquarters to research novel 3D scanning techniques, augmented reality, virtual reality and 2D rendering. ▪
Digital payment on the rise   When it comes to payments, cash and cards are still king in the United States, but digital alternative PayPal is not far behind. Those are among the key findings of a study by Blackhawk Network, which surveyed more than 1,000 Americans. Click here for the infographs. ▪

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