Walmart remains in the headlines this week. The big-box powerhouse is restructuring its Indian acquisition, launching new mobile checkout systems for the holidays. It has also overtaken tech icon Apple in online retail in its home country, where German discounter Lidl is setting a new growth trajectory. Enjoy the read and have a great start to the week!




Monday, 19 November 2018





Hello ,

Walmart remains in the headlines this week. The big-box powerhouse is restructuring its Indian acquisition, launching new mobile checkout systems for the holidays. It has also overtaken tech icon Apple in online retail in its home country, where German discounter Lidl is setting a new growth trajectory. Enjoy the read and have a great start to the week!




United States


Big spender ▪ Lidl has agreed to buy 27 Best Market supermarkets. The surprise move will give the German discounter a strong presence in the New York and New Jersey areas. Across the Atlantic, parent company Schwarz Group also powers ahead with record investments (paywall, in German).



Tough calls ▪ Personal care giant Kimberly-Clark has given up trying to sell its European tissue business after the unit fetched much less than the USD 1.2 billion it was anticipated to receive. Meanwhile, ailing department store retailer Sears is seeking court approval to pay executives millions in quarterly bonuses despite filing for bankruptcy.


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Mobile preparations ▪ Brick-and-mortar retailer Walmart and Target are launching flexible checkout systems in their stores to accommodate the influx of shoppers expected during the holiday season. Walmart has also beaten Apple in online retail ranking, according to eMarketer.



Organic deliveries ▪ Natural food grocer Lucky’s Market is kicking off a new delivery programme with same-day delivery from Shipt in six states. Investments are paying off for Colorado-based health food chain Natural Grocers. Comparable store sales grew 6.3% in the fourth quarter.




Europe


Going green ▪ Nespresso, part of food giant Nestlé, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with Anglo-Australian mining major Rio Tinto. Both companies have faced criticism for their waste management in the past.



Eastern developments ▪ Lithuanian retailer Maxima has relaunched two stores in the Latvian capital Riga, following an EUR 1.4 million renovation project that involved improving energy efficiency. Over in Croatia, ailing conglomerate Agrokor Group reported an operating profit (paywall) of EUR 215.5 million in the first nine months.




Asia & Australia


Fresh look ▪ JD.com's digital-first grocery store, 7Fresh, shares a lot of similarities with rival Alibaba's parallel enterprise, but diverges in some aspects. Click here for pictures and video clips. There is some concern that the No.2 of Chinese e-commerce might lower its forecast due to trade tensions with the US.



Reshuffle in India ▪ With Walmart in the driver's seat, Flipkart will get a makeover. Following the resignation of its CEO, the US retail giant is set to integrate fashion platforms Myntra and Jabong. The Indian online major has started a massive hiring spree to align the business with its new parent company.



Trading Down Under ▪ Australian conglomerate Wesfarmers said that its shareholders approved the demerger of its supermarket division, Coles, which will start trading on the ASX from November 21. Troubled department store operator Myer saw its shares plummeting after the retailer revealed a decline in sales.



In the finals ▪ Nestlé is pitted against Anglo-Dutch consumer giant Unilever in the final round of negotiations for GlaxoSmithKline’s consumer nutrition business in India that includes the prized Horlicks malt drink brand.




Africa


Reporting results ▪ South Africa's Woolworths posted a 2.7% rise in sales for the 20 weeks ended Nov. 12, helped by its local food and Australian businesses. However, analysts say the retailer is struggling to find the balance between attracting new consumers and maintaining its traditional consumer base.



Southern success ▪ Spar South Africa has reported a 6% rise in turnover for the full-year period. Its 2,236 stores in Southern Africa contributed 67% of the group’s turnover and 75% of its pre-tax profit. The group expanded its network in the area by 34 stores.