Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 23 June 2016

Hello, dear reader!
Australia's Wesfarmers is taking on its competitors in Britain and Down Under. Lidl is committed to grow in Scotland and the Russian and East Asian market attracts more European retailers. The tension is building up on the eve of the Brexit decision with opinion polls suggesting the ballot could go either way. We keep you informed. Enjoy the read.

asia & australia
Wesfarmers looks to the future   The Australian retail conglomerate and owner of supermarket giant Coles is testing its first online-only store in Melbourne to become more efficient in handling e-commerce. The group's struggling Target banner is undergoing a restructuring under its new boss, who is determined to put the department store chain back on track. ▪
Zero tolerance for fakes   Alibaba has won the dismissal of a US lawsuit accusing the company of defrauding shareholders. Founder and boss Jack Ma has reiterated that counterfeits are unacceptable on the company's e-commerce platforms, clarifying comments that fakes are better than genuine products. ▪
Aeon exits Indonesia   The Japanese retail giant has announced that it will terminate the current franchise agreement for its convenience store chain Ministop in Indonesia. Over in Vietnam, the group has ambitious growth plans and wants to open 20 megastores. ▪
Lidl expands in Scotland   The German discounter is committed to grow in Scotland, where it has a market share of 5.6%. The company has announced a GBP 50 million investment and the creation of 300 jobs. Meanwhile, competitor Morrisons has offered to rescue 1,658 jobs from troubled chain My Local. ▪
Russian investments   Sweden-based Ikea Centers Group, which manages over 50 shopping centres with furniture retailer Ikea as an anchor tenant, is planning to spend over US$ 2.1 billion to upgrade its 14 premises in Russia. A little further away, in Tajikistan, French retail group Auchan has opened its first hypermarket in the country. ▪
Boots assists its customers   The UK-based pharmacy and beauty retailer has teamed up with tech multi IBM and launched 'Sales Assist' across its stores in Britain. The IBM app is designed to make it easier for customers to find the products they need. ▪
usa & Latin America
Taking on Amazon   Tel Aviv-based start-up Kwik has created a similar product as the Amazon Dash button and is already working with some major brands such as Domino's and Budweiser. After a test round in Israel, the company hopes to raise US$ 3 million to expand in the US. ▪
Store makeovers   Hannaford Supermarkets, which is owned by the Delhaize group, has unveiled an innovative convenience store format in New Hampshire +++ Former electronics powerhouse Circuit City is reportedly getting closer to a relaunch. The new owner of the chain is working on a prototype store. ▪
Hispanic food alliance   US-based Teasdale Foods, leading manufacturer of private-label Hispanic food, has acquired Mesa Foods, a Kentucky-based producer of private-label tortillas, flatbreads, taco shells, taco kits and chips, which will enhance the company’s footprint in this food category. ▪
developments to watch
Brexit decision looms   On the eve of Britain's referendum on EU membership, the polls show it could go either way. Retail heavyweights, including Asda, have publicly declared their support for the UK to remain and an unusual survey reveals that 'Brexiters' buy more tea while the opponents opt for coffee. ▪
Private label under pressure   Price wars, brand promotions and shopper behaviour are all challenging the role of private label in western economies, according to a new study by IRI, which analyses trends across six countries in Europe. ▪

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