Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 22 August 2016

Hello, dear reader!
Ikea sees growth potential in the Asia-Pacific region. Japan's Rakuten continues its global expansion in the UK. Lidl builds a new distribution centre in Scotland and Metro optimises its cooperation with suppliers. Also featured in this issue is an exclusive interview about retailing in Russia with Dixy CEO Pedro Pereira da Silva. Have a great start to the week.

Rakuten trials bitcoins   The Japanese retail giant has confirmed that it has acquired the assets of struggling Belfast-based start-up Bitnet, which will be used to create a ‘bitcoin lab’ with the aim to explore potential applications for blockchain technology in fintech and e-commerce. ▪
Ikea goes online in China   The Swedish furniture retailer will launch its e-commerce business in Shanghai by the end of August. Last year, Ikea announced similar plans for Australia. The company is also considering building a manufacturing facility in the Philippines through a joint venture with local partners. ▪
Foodpanda exits Indonesia   The food delivery start-up backed by Germany’s Rocket Internet is looking for a seller for its operations in Indonesia and is also evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. ▪
Lidl builds in Scotland   To accelerate its expansion in the UK, the German discounter has acquired a new site in Scotland in order to build a regional distribution centre, which will create up to 100 jobs. In a bid to drive greater sales of its non-food products, Lidl UK has announced a change to its ‘offer day’. ▪
Metro improves data exchange   The Düsseldorf-headquartered retail group has chosen Comarch as its new EDI supplier. The electronic data interchange communication between 234 hypermarkets and more than 20,000 sales partners in 24 countries was migrated to the Krakow-based global software house. ▪
Ups and downs in the UK   After falling into administration in 2011, British toy retailer Hawkin’s Bazaar has risen from the ashes and plans to open 50 stores in five years. Meanwhile, Monsoon Accessorize, another one of Britain's big high street retailers, will close down 141 stores as leases approach expiration. ▪
usa & canada
Redefining sport and beauty   Dick's Sporting Goods taps into the nation's lucrative youth sports league business with the acquisition of San Diego-based sports management technology company Affinity Sports. French cosmetics store chain Sephora has opened a new store concept with a beauty tip workshop in Canada. ▪
Dollar General expands   The Tennessee-based discount chain operator is moving to North Dakota. The company announced that it will build five new stores in the state. This gives the retailer a footprint in 44 states after having established operations in Maine, Oregon, and Rhode Island in 2015. ▪
Support for flood victims   After the historic flooding in Louisiana in August, local and international US retailers have pledged donations. Walmart announced donating US$ 500,000 towards flood relief efforts, as did Lowe’s and Target. Home Depot donated US$ 700,000. ▪
insider insights
Talking Russian retailing   Pedro Pereira da Silva is the frontman of Dixy Group, Russia's third largest retail company. The former CEO of leading Polish grocer Biedronka talks about the challenges of retailing in Eastern Europe, particularly in Russia, in an exclusive interview with German Retail Blog. ▪
The power of mobile payment   Rather than money or hardware, the mobile payments battle is a fight for ownership of the customer. It is retailers against tech companies. Establishing a winner is difficult when the players are not even playing the same game. Online publicationTechcrunch takes a closer look. ▪

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