Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 22 June 2016

Hello, dear reader!
Another mega deal in China has been sealed, offering tech giant Tencent the possibility to reach millions of new customers. Amazon invests in Indonesia and Nestlé in India. Lidl and Sainsbury's are committed to sustainability in Britain. Meanwhile, convenience chain My Local and Kenya's Uchumi fight for survival. Enjoy the read and don't forget to share.

Chinese mega deals   Shenzen-based Internet giant Tencent has sealed the deal to buy Finnish video game company Supercell Oy from Japanese mobile firm Softbank for US$ 8.6 billion. The acquisition is seen as a huge growth opportunity. The partners aim to reach hundreds of millions of new gamers. ▪
Amazon eyes Indonesia   The US e-commerce powerhouse has announced to open a branch in the country and is set to invest US$ 600 million for its first year in the market, but has not revealed a launch date yet. Over in the States, Amazon is about to open its third brick-and-mortar store in Oregon. ▪
Grocery decisions in India   Swiss food giant Nestlé is determined to get over the hole left by the Maggi controversy with a product offensive, launching 25 products across categories +++ A new grocery online store,, which is aimed to become a franchise model later, has been founded in India. ▪
Backing farmers and food science   German discounter Lidl has joined rival Aldi in signing up to the National Farmers’ Union Fruit and Vegetable Pledge to support the farming industry in Britain. Meanwhile, French vegetable producer Bonduelle has announced to renew its food research programme with the university in Lille. ▪
Struggling for survival   Convenience store chain My Local is on the verge of collapse. Its owner has announced plans to put the business into administration, leaving 100 stores and more than 2,000 employees at risk and fashion retailer Forever 21 (paywall) is planning to reduce the size of its UK stores as it fights to gain market share. ▪
Sainsbury's trials delivery options   In an effort to cut carbon emissions, the UK supermarket giant will start to use a refrigerated delivery truck powered by liquid nitrogen. The company is also experimenting with a one-hour delivery app called Chop Chop in London. ▪
usa & canada
Healthy commitment   Pharmacy retailer CVS, which recently has been downgraded by Morgan Stanley due to greater competition, expands its healthy food initiative and unveiled plans to improve its convenient food offerings across more than 2,900 locations, up from an initial 500 pilot stores. ▪
Bankruptcy bargain   British retailer Sports Direct and New York City-based Modell’s Sporting Goods are in talks for a potential deal to buy as many as 200 stores of bankrupt retailer Sports Authority. Bids for the sporting goods retailer’s store leases are due on Thursday (paywall). ▪
Pleasing consumers   Cincinnati-based retailer Kroger will test a variety of options for home delivery programmes and is determined to bring online shopping to Texas after trying its ClickList curbside pickup service in Ohio. Meanwhile, competitor Walmart experiments with 'retail-tainment' to attract customers. ▪
Uchumi keeps on fighting   Kenya's oldest supermarket chain has lost a bid to rely on a new insolvency law to avoid a shut down by its creditors. Its chief executive, however, has hinted that the cash-strapped company may receive a cash boost from the Government. ▪
Online and wine sales to take off   Following the recent trade pact between South Africa and the EU, the Western Cape region has announced to increase its wine exports to all strategic markets +++ E-commerce is growing slowly in the country, according to a new study, which suggests to improve delivery options and transport infrastructure to boost online shopping. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by