Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 21 November 2016

Hello, dear reader!
More cross-border billion-dollar deals - Thai food giant CPF acquires US company Bellisio and Coca-Cola is offering its Chinese bottling assets to Hong Kong conglomerate Swire and China Foods. Over in Europe, Tesco tackles Sainsbury's and the discounters. In the US, German Retail Blog takes a sneak peek at Amazon's secretive pick-up project. Enjoy the read and have a great start to the week.

Asia & Australia
Slimming down in China   As part of its restructuring strategy, softdrink giant Coca-Cola will divest its Chinese bottling business to Hong Kong conglomerate Swire Pacific and China Foods for about US$ 1 billion, and French yogurt maker Danone has sold its Chinese purified-water business to local company Win Holding. ▪
Cross-border expansions   Bangkok-based conglomerate CP Foods has announced the acquisition of Bellisio Foods, the third-largest frozen food manufacturer in the US, for US$ 1.08 billion. Over in Vietnam, another Thai giant, retailer Central Group, is set to double its Big C store network in the country. ▪
Delivery competition   E-tailers in India are extending delivery time and ramping up their fleet as demand surges. Over in Australia, food delivery services such as UberEats, Foodora and Deliveroo are regarded as the new retail disrupters competing for the best place in the property market. ▪
Tesco tackles its rivals   The British retail giant announced that it will match quality and price of at least 60% of Aldi and Lidl products. Taking on rival Sainsbury's, the company wants to extend its partnership with Arcadia Group to open more concessions, and to generate additional income, Tesco plans to add residential flats on top of some of its stores. ▪
Metro explores digital services   The German-based retail group is launching an 'Accelerator For Retail powered by Techstars' scheme which will provide digital solutions for retailers. The three-month programme in collaboration with its hypermarket banner Real will feature ten digital start-ups. ▪
Sainsbury's saves the spuds   Potatoes are the UK’s most wasted vegetable, costing households GBP 230 million a year. In a move to ‘Save Our Spuds’, British grocer Sainsbury’s has introduced new packaging which will prevent potatoes from going green and developing a bitter taste. ▪
usa & canada
Amazon continues to experiment   Recently, it has been revealed that the Seattle-based online mega retailer is going offline by planning a drive-in grocery store in its home town. German Retail blog explains what the company is actually building there. Meanwhile in Italy, Fiat Chrysler has teamed up with Amazon to start selling cars online.   ▪
Walmart cares about food safety   The US big box giant, which just posted third-quarter earnings that managed to beat analysts' expectations even as net sales fell short, tackles food safety issues. Walmart will run tests with Blockchain, a new database technology, delivering crucial data from a single receipt. ▪
Bold moves   Home improvement retailer Lowe's has teamed up with San-Francisco-based start-up b8ta to sell “smart” home devices, and Chicago-based homeware retailer Crate and Barrel challenges Amazon by expanding its online assortment and launching its own marketplace. ▪
digital challenges
Cyber crime on the rise   New research data by fraud prevention firm ThreatMetrix suggests that 50 million global online fraud attacks will take place over Black Friday and Cyber Monday. UK retailers are expected to be hit with one million cyber fraud assaults per day this festive season. ▪
Nature and artificial intelligence   As machine learning techniques find their way into commercial applications, businesses must find strategies to implement this technology safely and efficiently. Natural evolution provides the framework, writes David Cheng in TechCrunch. ▪

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