Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 04 August 2016

Hello, dear reader!
Acquisitions are high on the agenda today. Walmart eyes Amazon competitor, Carrefour is interested in an organic supplier and private equity firms target Italy's Esselunga, while Australia's largest pharmacy network is about to be formed. In the US, Supervalu wants to get rid of its discount unit, and Office Depot will close more stores. Best wishes for a productive day.

asia & south pacific
Pharmacy merger   Australia’s largest retail pharmacy chain, with a combined retail turnover of AU$ 2 billion and approximately 500 pharmacies, is about to shape up with the announced merger of the Terry White Group and Chemmart. The latter is owned by Christchurch-based medical firm Ebos. ▪
Takashimaya enters Vietnam   The Japanese luxury department store operator has opened a flagship store in Ho Chi Minh City's Saigon Centre.  Vietnam is the third country outside Japan that the chain has entered, following previous store openings in Singapore and China. ▪
Kathmandu recovers   After hitting a rough patch last year, the New Zealand-based outdoor clothing retailer projects a 67% increase in annual profit this year. The company says that it is taking a more cautious approach to sales and keeping expenses under control. ▪
Takeover plans in France and Italy   Retail giant Carrefour has increased its e-commerce presence with the purchase of leading French online retailer for organic products, Greenweez, and international private equity funds have expressed interest in acquiring Italian supermarket chain Esselunga. ▪
Trendy outlets in Britain   New York-based gourmet deli Dean & DeLuca unveiled plans to open its first European outlet in London's Mayfair quarter next year, and British retailer Waitrose has finally launched its first cashless store in the Sky TV networks head office building. ▪
Sustainability projects   Dutch supermarket chain Jumbo has announced a new initiative to save bees and butterflies. In collaboration with Greenpeace, it will increase its range of fresh produce and double its share of organics. Meanwhile, all major UK retailers have made the commitment to offer cage-free eggs. ▪
usa & Canada
Walmart to buy   The US big box retailer is reportedly in talks to purchase the online start-up and ambitious Amazon competitor. The acquisition would give a big boost to Walmart’s digital endeavours as well as its efforts to compete with online powerhouse Amazon. ▪
Supervalu slims down   The Minnesota-based retailer reaffirmed that it is preparing to separate its Save-A-Lot discount division and considers a sale. The company also announced that it would install Oracle Cloud as its new technology platform to deliver professional service to its wholesale customers. ▪
Office Depot cuts costs   Three months after its proposed acquisition by Staples was turned down, the office supply retailer will close about 300 more stores to help cut annual costs by US$ 250 million by the end of 2018. Office Depot intends to build on the success of its “store of the future” format. ▪
developments to watch
Drones and robots in action   In a bid to push research and safety measures for unmanned flight, US authorities gave permission to Google's Project Wing drone delivery services to be tested. Humanoid robot Pepper might soon be starting to do jobs outside Asia, as its owner, Softbank, is working on a US-launch. ▪
Brexit and other EU concerns    30% of UK retailers are considering changing their suppliers following the Brexit vote, according to research from Barclays, and the European Union Intellectual Property Office found out that the production of fake spirits and wine costs EU businesses EUR 1.3 billion each year. ▪

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