Technology and e-retail are picking up the pace, with Tencent recovering from its gaming disaster and Amazon finding its way into US homes. UK retail faces a Brexit crisis, and Carrefour makes updates in Europe. Meanwhile, cheese is on Sainsbury's menu this Easter. Read, share, and have a great day.




Wednesday, 13 March 2019





Hello ,

Technology and e-retail are picking up the pace, with Tencent recovering from its gaming disaster and Amazon finding its way into US homes. UK retail faces a Brexit crisis, and Carrefour makes updates in Europe. Meanwhile, cheese is on Sainsbury's menu this Easter. Read, share, and have a great day.




Europe


Messy situation ▪ Britain's upmarket retail sector stands to be rocked in the case of a no-deal Brexit, with executives predicting losses of up to GBP 6.8 billion per year. The vast majority of the country's luxury retail is exported. German Retail Blog talked to law professor Thom Brooks about the difficult circumstances in the UK and how Aldi and Lidl might be affected.



Carrefour progress ▪ The French Multinational's Romanian branch is trialling a biometric payment scheme in a Bucharest supermarket. Along with strengthening its Google partnership the move is part of a push to improve its digital front. Meanwhile, Carrefour Polska customers can now bring their own bags to a store in Bydgoszcz.



Selling assets ▪ British children retailer Mothercare is selling its toy branch, Early Learning Centre. The GBP 13.5 million move saw the company's shares rise by 6%. Meanwhile, food retailer 2 Sisters Food Group has sold its frozen food branch to focus on its core strategy.



Seizing opportunities ▪ Italian fashion retailer Calzedonia has reported steady sales for 2018, and is now looking into overseas expansion, with new stores planned for key markets such as the United States and China. Meanwhile, Brighton will be seeing a GBP 100 million retail market open up next month.




United States


Gaining ground ▪ Discount giant Lidl is looking for USD 9.5 million in state grants to aid its expansion in Pennsylvania. After temporarily cutting back its US expansion, the grocer is pushing forward again with multiple new stores planned. The retailer currently has one Pennsylvania store, which opened last year.



Membership expansion ▪ The e-retail leader already has a significant presence in people's homes, but market research now predicts over half of US households will have Amazon Prime by the end of this year. Increasing participation by lower income brackets, and a developing platform will continue to drive growth.



Adding value ▪ Discount retailer Meijer is beefing up its 'Shop and Scan' service and increasing its distribution after a successful trial. Grocery chain Northgate Gonzalez Markets is leveraging a cloud-based POS service to better compete with the digital boom.




Asia


Tencent rebounds ▪ After a turbulent 2018, the Chinese tech giant has made a comeback with shares going up by over 10%, almost USD 40 billion. The company lost roughly USD 127 billion in share value last year after difficulties with China's gaming industry but is regaining strength after Beijing reinstated video game support.



Sweet success ▪ The biggest food delivery service in the world, Chinese business Meituan Dianping, saw its revenue all but double in 2018, raking in USD 9.68 billion. Another successful venture is Indian retailer Reliance Industries, with 2,000 new stores planned for its fashion branch.




Weird and Wonderful


Cheesy goodness ▪ UK supermarket chain Sainsbury's is rolling out a new kind of egg for this Easter, and it isn't made out of chocolate. The solid, 100% cheese egg will hit shelves on April 10, and comes with packets of chutney and oatcakes.



Sustaining retail ▪ Discount fashion chain Primark is releasing a new line of denim clothing made entirely of sustainable fabric. The collection uses cotton from the retailers Sustainable Cotton Programme and will be available in UK and EU stores.