Tesco's answer to Aldi and Lidl has been revealed in Britain. The supermarket leader's new discount chain was celebrated in style, but will it be a winning formula? Staying in the physical store world, Amazon is considering to open up to 3,000 cashierless outlets in the next years. The online powerhouse is also in the headlines in India and Europe. Check out, why!




Thursday, 20 September 2018





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Tesco's answer to Aldi and Lidl has been revealed in Britain. The supermarket leader's new discount chain was celebrated in style, but will it be a winning formula? Staying in the physical store world, Amazon is considering to open up to 3,000 cashierless outlets in the next years. The online powerhouse is also in the headlines in India and Europe. Check out, why!




Europe


Exploring strategic options ▪ The world’s largest food and drinks company Nestlé said on Thursday it was exploring strategic options for its skin health business, saying it believes the unit might be better off outside of the Swiss food maker.



Obstacles ahead ▪ The merger between grocers Sainsbury's and Asda faces in-depth scrutiny by the UK competition regulator, claiming ‘sufficient concerns'. Across the channel, the European Commission has announced that it has launched a preliminary investigation into how online major Amazon uses data about merchants.



Retired ▪ British American Tobacco said CEO Nicandro Durante, who joined the cigarette maker behind brands such as Dunhill, Kent and Camel nearly 37 years ago, planned to retire from April 1, 2019. BAT has identified an unnamed lead candidate to succeed Durante.



Under construction ▪ Lidl Denmark has hired leading companies to develop its new headquarter in Aarhus. The building will incorporate a new store concept. In the UK, the German discounter is building a warehouse in Leeds, which will create 500 jobs. It is the company's 17th distribution centre in Britain.



Rapid delivery ▪ Up-market grocer Waitrose has teamed up with last mile start-up On the dot to launch a 2-hour same day delivery service in selected parts of London. The new scheme will use vans and cargo bikes to reduce emissions, before rolling out the service further.




United States


Trade tensions ▪ Alibaba boss Jack Ma said that the Chinese company can no longer meet its promise to create 1 million jobs in the US in the wake of the ongoing trade conflict between the two countries. Analysts didn’t expect the agreement, made in January 2017, to hold up anyway.



Footprint extended ▪ Arizona-based Sprouts Farmers Market has launched its first store in Pennsylvania, adding another state to its network. The natural and organic grocer is currently present in 19 states across the US and has plans to open on 13 new locations in the third quarter.



Coupons matter ▪ Groceries are the top category for deal- and coupon-finding, according to new research from Michigan-based marketing specialist Valassis. Of more than 6,200 consumers polled, 93% said they’re interested in finding them when purchasing for food.




Asia & Australia


Competition in India ▪ Amazon wants to operate more than 50 logistics hubs across India. This announcement and the online giant’s USD 580 million acquisition of food store chain More will add more heat to its battle with Walmart, which has appointed four senior US leaders to join its Flipkart team in the country.



Cutting edge ▪ German business software SAP is teaming up with Alibaba to offer its flagship products on the Chinese company’s cloud infrastructure. Meanwhile, Alibaba has announced that it will start manufacturing its first self-developed artificial intelligence inference chip next year.



Beauty concept ▪ Australian department store chain David Jones, owned by South Africa's Woolworths, and cosmetics brand Sephora have entered a strategic partnership to open a concept store in the retailer's Melbourne flagship, offering exclusive products and interactive technologies.




Image Gallery


Introducing Jack’s ▪ British grocer Tesco's has finally launched its discount format in Chatteris, Cambridgeshire. Analysts are not really convinced that it will work and argue that Aldi and Lidl won't be scared by the challenge. The real battle will be making a profit. Click here for pictures (captions in German).



Inside Amazon Go ▪ Amazon has opened its first cashier less store outside of Seattle earlier this week and is considering a rapid expansion of the format with a plan to open as many as 3,000 Amazon Go stores in the next few years. Click here to get a look inside its Chicago location.