German supermarket chain Rewe is set to get a share of the burgeoning convenience sector, and Walmart supports its tech transformation with an Amazon veteran. Australia's Myer is shrinking the size of its stores to operate more efficiently, while African retailer Choppies seems to be in 'choppy' waters. Enjoy the read!




Wednesday, 29 May 2019





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German supermarket chain Rewe is set to get a share of the burgeoning convenience sector, and Walmart supports its tech transformation with an Amazon veteran. Australia's Myer is shrinking the size of its stores to operate more efficiently, while African retailer Choppies seems to be in 'choppy' waters. Enjoy the read!




Europe & Africa


Convenient deal ▪ Cologne-headquartered retail group Rewe is acquiring wholesaler Lekkerland to build up a new convenience sector and boost sales of on-the-go meals and snacks. Lekkerland delivers to petrol stations, bakeries, newspaper stores and other traders in seven European countries.



Overseas production plans ▪ Beyond Meat plans to produce its plant-based meat alternatives outside its home country. The US start-up extended its partnership with meat distributor Zandbergen and will set up a manufacturing facility in the Netherlands. As a result of the announcement, its shares jumped 8%.



Cutting costs ▪ The US parent company of UK health and beauty chain Boots is reportedly exploring the possibility of closing down more than 200 stores, putting hundreds of jobs at risk. New York-listed Walgreens Boots Alliance is set to cut USD 1 billion in costs worldwide.



Financial bottleneck ▪ Botswanan retailer Choppies is struggling to pay suppliers. CEO Ramachandran Ottapathu was fired on Monday and the new management is still in disarray. The supermarket chain has experienced a tumultuous year, similar to fellow African retailers Nakumatt and Uchumi.




US & Canada


Fintech takeover ▪ Payment tech provider Global Payments is buying its rival Total System Services for a whopping USD 21.5 billion. The deal marks the third big acquisition in the payments industry this year. The merged company will have dual headquarters in Atlanta and Columbus, Georgia



Top decisions ▪ Walmart has appointed Amazon vet Suresh Kumar as its new chief technology officer to support the tech transformation of the company. Over in Canada, the world's largest retailer has announced the launch of a Mastercard reward programme in Quebec.



Healthy ventures ▪ Electronics retailer Best Buy has acquired Critical Signal Technologies, a provider of personal emergency response systems. The move will help the company to grow its healthcare business. Meanwhile, Canadian grocer Loblaw has extended the range of its vegan offerings.




Asia & Australia


Investment in India ▪ Tablez, the retail arm of Lulu Group International, is spending USD 75 million in the Indian market. By the end of the year, the group wants to operate nearly 100 stores. Just a couple of weeks ago, the company announced that it will open its first Go Sport showroom in Mumbai soon.



Food moves ▪ Australian supermarket major Coles wants to have a more culturally diverse food offer and is reportedly working with international brands to discuss import opportunities. Meanwhile, competitor Woolworths will trial data embedded barcodes on meat and poultry to reduce food waste.



Think small ▪ Australian department store chain Myer has struck a deal with its biggest landlord to shrink one of its stores instead of closing it down. The move reflects the retailer's new strategy to reduce space in oversized stores in exchange for a lower rent.




Eats & Ethics


Lunch box games ▪ Discounter Aldi partners with Australia’s largest football program for kids, the MiniRoos, to support healthy eating. Aldi's new food truck delivers food to football clubs across the country and offers Interactive games for kids to create healthy lunch boxes based on their daily activities.



Laudable intentions ▪ In an effort to fight drug production, a charitable initiative that includes Nestlé’s Nespresso will help farmers in Columbia to swap coca, a basic ingredient in cocaine, for coffee. Meanwhile, Mackenzie Bezos, the former wife of the Amazon boss, has pledged to give half of her USD 36 billion fortune to charity.