Three British supermarkets are on the edge of their seats, with the Sainsbury's-Asda review being delayed, and Iceland waiting in the wings to pick up discarded stores. In the States, Toys R Us gets a new parent company under Tru Kids, and Amazon takes on streaming retail. Meanwhile, the lunar new year sees China's sales rise, but growth is still low. Read on, and enjoy the rest of your week!




Tuesday, 12 February 2019





Hello ,

Three British supermarkets are on the edge of their seats, with the Sainsbury's-Asda review being delayed, and Iceland waiting in the wings to pick up discarded stores. In the States, Toys R Us gets a new parent company under Tru Kids, and Amazon takes on streaming retail. Meanwhile, the lunar new year sees China's sales rise, but growth is still low. Read on, and enjoy the rest of your week!




Europe


Merger update ▪ The hotly awaited Sainsbury's-Asda merger may have to wait a little longer. The review period required by Britain's competition regulator has been extended by 8 weeks. Frozen-food chain Iceland is purportedly looking to snaffle up the stores left behind by the take-over.



Smart measures ▪ Swedish flat-pack giant Ikea is making use of its handyman subsidiary, TaskRabbit, and ramping up its service range in order to keep up with the millennial market. Meanwhile, retailer Marks and Spencers has an opportunity for a forward-looking supply chain.



Polish developments ▪ The Polish leg of French retailer E.Leclerc has revealed a 3.89% sales rise last year even in the face of the country's Sunday trading ban. Meanwhile, building company Panova is set to sell four of its retail parks across the country.



Ireland success ▪ Discount clothing brand, Primark, has seen success with the re-opening of its fire-damaged Belfast premises, and has unveiled plans for a second store in the city, coming this spring. Meanwhile, fruit and vegetable sales in mainland Ireland have seen massive year-on-year growth.




United States


Toy time ▪ Ailing toy retailer, Toys R Us, who went under last year, will be hitting the streets once more under Tru Kids Brands. Tru Kids inc is now the new holding company for the stores and its subsidiary Babies R Us, and has taken over its profitable assets along with several other children's toy brands.



Streaming service ▪ Online leader Amazon is stepping out into the live shopping world with a new stream, Amazon Live, available on website and app. The stream will broadcast product pitches and purchase links to users, and targets a market currently dominated by broadcast network QVC.



New owners ▪ The world's largest soft-drinks packager, Refresco, has acquired beverage retailer Cott's concentrate arm. This comes on the heels of Refresco's takeover of Cott's bottling leg. Meanwhile seminal New York retail estate, the Lord & Taylor flagship, has been sold.




Asia


Ups and downs ▪ The season welcoming in the year of the pig saw China's retail sales rise by 8.5% on last year, however the rate of growth continues to show the country's slowing economy. In other sales news, Indonesian retail has shown strong growth, with a 7.7% year-on-year increase.



Hot venues ▪ South Korean retailer Shinsegae has opened an exciting new premise in Seoul, a fusion cantina combining a supermarket and a food court (pictures). Underneath Singapore's famous Marina Bay, giant mall The Shoppes is seeing a strong revenue haul, as close to 100% of the premises are occupied.




Developing landscape


Big changes ▪ Click-and-collect, along with online groceries, is set to expand massively - and retailers may not be ready. Britain's click-and-collect retail sector is set to almost double over the next few years, rising to GBP 9.8 billion. A new study predicts the online share of US supermarket sales will triple over the same time period.



Healthy measures ▪ In an eco-friendly move, French retailer Carrefour has joined hands with photovoltaic systems provider Urbasolar, a first for French retail. Portuguese grocer Continente has expanded its range of private label health foods with a new product line.