Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 13 March 2017

Hello, dear reader,
On the heels of Kaufland's upcoming entry into the Australian market, incumbent supermarket giant Woolies has announced that it will join forces with mighty European buying group EMD. The competition Down Under continues with Costco, another foreign powerhouse, claiming to be considerably cheaper than the local leaders. Have a positive start to the week ahead.

Asia & Australia
Woolies partners in Switzerland   European Marketing Distribution and the Australian retailer have announced an agreement , which sees Woolworths sourcing products through the Pfäffikon-based purchasing alliance. Most interestingly, soon-to-be rival Kaufland, which prepares its entry to Australia, is a long-standing EMD-member. ▪
Costco fuels competition   The US warehouse retailer sees itself 'in pretty good shape' in Australia and says it is 28% cheaper on a basket of groceries than rivals Woolworths or Coles. Experts claim that Costco hasn't gained a strong identity in the country so far. ▪
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Samsung Pay pushes cashless   Sweden will be the first Nordic country to see the mobile payment service of the South Korean tech giant rolled out, with support from card providers and banks. Just last week, Samsung Pay went live in India in collaboration with five Indian banks and payment company Paytm. ▪
Turkish chain eyes Iran   Turkey-based retail company BIM Birlesik Magazalar aims to open 200-300 stores in Iran if it decides to enter a market that was shut off due to economic sanctions until January 2016. Last week, the retailer posted a 15% rise in net profit to US$ 181 million for 2016. ▪
Addressing online consumers   British online supermarket Ocado will be using technology provider Selligent to develop personalised omnichannel communications, and French cosmetics company L'Oréal is revamping its digital marketing team 'from scratch' and has developed its first chat bot. ▪
Auchan grows modestly   The French retail group has posted a 'solid' 0.7% increase in consolidated revenue EUR 52.8 billion. Volatile exchange rates in Russia and China had a negative impact on revenue. Just recently, Auchan has announced its EUR 1.3 billion re-branding strategy.  ▪
USA & South America
Walmart invests   The US big-box retailer hopes to win back Brazilian shoppers with a US$ 320 million plan to renovate its giant hypermarkets (paywall) in the country. In the US, Walmart continues to push its online competitors by testing a touch-screen monitor in dedicated stores. The solution enables online ordering.  ▪
Amazon gets bi-lingual   The online mega retailer hopes to attract more Spanish-speaking shoppers by adding the language to its US website. The move marks the first use of a new language since the site was launched more than 20 years ago. ▪
Weis stays strong   The Pennsylvania-based retailer has ended its fiscal year on a high note with strong gains in sales and earnings during Q4 thanks to price investments and an improved supply chain. Weis acquired 44 stores and generated more than US$ 3 billion in sales in 2016. ▪
And the winner is ...
Powerful brands   Amazon ranked as the world’s most valuable retail brand in the annual study by consultancy Brand Finance. The company’s brand value, US$ 106.4 billion, is nearly double that of Walmart, which came second, followed by Alibaba, The Home Depot and Ikea.  ▪
Best workplaces   US retailer Wegmans, Publix and Whole Foods Market have all been named on the '100 Best Companies to Work For'-list. They have been on this list for the past 20 years. Check out why they are employee-friendly.  ▪

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