Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 03 October 2016

Hello, dear reader!
Media Markt, a subsidiary of Germany's Metro Group, has started to trial home deliveries with robots. US big box retailer Costco is pushing ahead with store expansions in Australia and Canada. Home Depot is honoured and Hudson's Bay is celebrating its first year with Kaufhof Galeria in Germany with the intention to grow. Have a great start to the week.

asia & Australia
Woolies to axe another business   The Australian supermarket giant is considering selling its petrol station chain, which operates 530 units across the country. The deal is said to be worth more than US$ 1 billion. Meanwhile, US retailer Costco is interested in setting up stores in sites once occupied by Woolworth's failed hardware chain, Masters. ▪
Transparency wanted    Government agencies in India are set to keep an eye on offers and freebies being handed out by e-tailers this festival season. Online marketplaces such as Flipkart, Amazon and Snapdeal have been asked not to just refrain from discounting but to state clearly that the rebate is being given by the seller and not by them. ▪
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Tesco faces more claims   The British supermarket operator will be sued by a group of investors who claim to have lost GBP 150 million due to the supermarket's 2014 accounting irregularities scandal. The claim comes a month after three former Tesco executives were charged with fraud and false accounting. ▪
Big plans for Kaufhof   A year ago Canadian department store operator Hudson's Bay acquired Galeria Kaufhof for EUR 2.9 billion, including debt.  Despite it being a difficult year on many levels, the Canadians are determined to stay and invest in Germany. German Retail Blog caught up with the company's leading managers. ▪
Metro starts robot delivery   German consumer electronics retailer Media Markt, owned by the Metro Group, is testing using robots to make home delivery of goods faster. Two robots not much bigger than vacuum cleaners are to deliver packages within a 5-kilometre radius from a store in Düsseldorf. ▪
usA & Canada
Costco powers ahead   Reporting a higher-than-expected profit for the fourth quarter, the Washington State-based big box retailer is determined to open seven more locations in Canada and Australia (see above). In other news, a US jury wants Costco to pay millions to Tiffany & Co for selling fake rings. ▪
Transportation efforts   Google Express is expanding its home delivery shopping service to more than a dozen eastern states +++ DIY chain Home Depot has received an award for its contributions to healthier air and reducing carbon emissions by hauling all freight with energy efficient carriers. ▪
Thanksgiving plans   While retail heavyweights such as Target and Walmart have not yet announced their Thanksgiving weekend plans, a rising number of retailers, including Home Depot, Nordstrom, Costco and Lowe's, are determined to close on this day. ▪
thought-provoking reads
Sustainability commitments   Several supermarkets chains, including discounters Lidl and Aldi, are promising to offer 100% certified bananas in future. The New York-based Rainforest Alliance, a non-governmental organisation to ensure sustainable livelihoods, takes a look at these commitments. ▪
Technophiles on the rise   Hundreds of engineers compete in Shenzhen’s annual RoboMasters tournament, organised by Chinese drone maker DJI in a bid to build a robotics company that beats Silicon Valley. Meanwhile, online publisher Techcrunch asks whether the introduction of a 'robot nanny' will turn us into technophiles. ▪

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