Monday, 01 May 2017
Hello, dear reader,
The dynamic Indian retail industry attracts retail giants such as Walmart and Ikea. Both companies have announced they will invest heavily in this fast-paced market. In the US, packaged-food giants are under pressure. Over in Europe, new analysis platform Retailytics is ready to take off. Read about its comprehensive offer and have a great start to the week.
Attracted to India
Walmart has reached an agreement with the Telangana government to set up 10 wholesale stores in the state. The US heavyweight, which currently operates one store in Hyderabad, will spend up to US$ 120 million. Also betting on India, is Swedish giant Ikea, which will debut in the country next year with a number of store openings.
Samsung Pay expands
Besides launching in Sweden and the United Arab Emirates, the digital wallet also kicked off in Hong Kong and Switzerland. More custom services will be made available in respective markets shortly, the South Korean tech giant says.
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Robots to the rescue
South Korean retailer Lotte Group, which is in the process of a major restructuring, has introduced 'el Bot', a robot shopping assistant to interact with shoppers. Over in China, web giant Baidu has launched Xiaoyu, a voice-controlled home robot as it shifts from online to artificial intelligence.
USA & Latin America
While some industry players fear that robots will replace retail workers, online retailer Boxed is adopting the technology. The New York-based wholesale company announced that it will completely automate its fulfilment centre in New Jersey with robotics.
The Mexican unit of Walmart posted a 6.1% year-on-year rise in first-quarter profit, but warned about volatile consumer confidence. Over in Brazil, French retail giants Carrefour and Casino are battling for dominance with the latter catching up for the first time in two years.
On the back of strong sales and network expansion, X5 Retail Group has posted a 26.5% increase in revenue in the first quarter. The group added a total of 630 new stores in the period. Competitor Dixy was not so lucky as it has seen a 6% decline in revenue.
Spanish retailer Dia wants to increase its private label range Delicious, which posted a turnover of over EUR 49 million in 2016. The own-brand range specialises in gourmet food and currently consists of 260 products, including pasta, desserts, dairy products, and chocolate.
What to watch
With the aim of providing the industry with insight, analysis and forecast data, digital and mobile platform Retailytics has been launched by Lebensmittel Zeitung. The service covers the business development of more than 1,000 retail banners across Europe. Check it out.
Competing for shelf space
In a bid to please the increasingly health-conscious customer, American retailers are increasingly reducing the aisle space of packaged food to give better exposure to fresh food and local products. The impact on big food makers such as Mondelez, Kraft Heinz and Kellog's is intensifying.
More than 300 department stores are closing this year in the US, putting a considerable amount of vacant space back on the market. A new report gives an insight how the face of shopping centres will change in the future.