Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 13 September 2016

Hello, dear reader!
Germany's Metro C&C is ready to expand its business in India and Korean retailer E-Mart invests heavily in Vietnam. In Europe, Morrisons and online giant Amazon hit the headlines with a special locker deal. In the US, rival Walmart explores the potential of self-driving shopping carts and Targets gets ready for the holiday season. Enjoy the read and please share the news.

asia & australia
Focus on India and Vietnam   German wholesaler Metro Cash & Carry is ready to expand in India and targets to have 50 stores by 2020, up from 23 it operates currently, and Korea’s largest retailer, E-Mart, has inked a deal with Ho Chi Minh City to invest US$ 200 million in the country to build supermarkets and other types of commercial facilities. ▪
Eyeing Chinese consumers   US coffee giant Starbucks wants to increase its global tea business Teavana and is looking to the US$ 9.5 billion tea market in China and other Apac countries for growth momentum. Despite a fall in profits, British online clothing retailer Boden plans to launch on Alibaba's Tmall this month. ▪
JB Hifi seals deal   The Melbourne-based consumer goods retailer finally announced the long-speculated acquisition of whitegoods company The Good Guys, saying it would create new opportunities for each brand to grow.  The deal is worth AU$ 870 million. ▪
Morrisons collects for Amazon   The British supermarket operator plans to install lockers for the US online mega retailer across its outlets this year. The deal will allow customers to collect online purchases when they visit the supermarket. There are already over 1,000 Amazon lockers in use throughout Britain. ▪
Store expansions   Danish toy giant Lego is determined to open its biggest store on the planet in London in November. The new UK flagship will feature a 200,000 brick replica of Big Ben as its centrepiece. In Russia, retail chain O’Key Group has announced the opening of a new hypermarket in Siberia. ▪
Entertaining the crowd   Swedish furniture retailer Ikea has ventured into ‘retailtainment’ with the launch of a pop-up do-it-yourself restaurant and food store in London, and German supermarket chain Edeka has introduced a new cooking channel on YouTube, which offers curious facts about food, recipes and instructions. ▪
usa & canada
Pop-ups in the planning   E-commerce behemoth Amazon plans to open dozens of pop-up stores in malls across the US. They will showcase and sell the company's devices. Meanwhile, clothing retailer Lands' End has 'popped up' with a two-floor temporary store on Broadway, New York. ▪
Walmart to patent self-driven carts   The big box retailer, celebrated as the new comeback kid on Wall Street, wants shoppers to be able to navigate a shopping trolley with their smartphone. The US government granted Walmart a patent to roll out a system that allows shopping carts to drive themselves. ▪
Holiday hirings   Discount retailer Target said that it will be employing 70,000 seasonal workers in its stores during the busiest time of the year. It’s the same number as last year, reflecting a less-than-rosy outlook for the Thanksgiving-to-Christmas period. ▪
Payment prospects
Alipay to charge fee   Alibaba's popular online payment affiliate said it would start to charge users extra commission for making transfers from their account balance into their debit cards. In New Zealand, Alipay has introduced a new payment system in collaboration with locally based IE Money. ▪
Virtual card launched   Mobile payment app Square Cash offers a new card product, which gives every user a virtual Visa debit card number that they can use to spend their balance anywhere that accepts Visa. It works by simply entering the virtual card number as a payment option. ▪

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