Lidl is expanding in Britain's capital in a big way, while John Lewis looks into home improvements and Waterstone's parent bids on Majestic Wines. Across the water, Walmart is merging Jet.com with its own online presence, and Kroger breaks ground on new fulfilment centre. Meanwhile, photos of Aldi's Shanghai adventures are in. Read on, and have a great day!




Thursday, 13 June 2019





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Lidl is expanding in Britain's capital in a big way, while John Lewis looks into home improvements and Waterstone's parent bids on Majestic Wines. Across the water, Walmart is merging Jet.com with its own online presence, and Kroger breaks ground on new fulfilment centre. Meanwhile, photos of Aldi's Shanghai adventures are in. Read on, and have a great day!




Europe


Major investment ▪ German discount major Lidl is pouring GBP 500 million into its London business over the next five years. The move will see 40 new stores, including a location in Tottenham Court Road. Around 1,500 new jobs will be created in the area.



Keeping afloat ▪ Struggling fashion brand John Lewis may be expanding. It will be combining booking site Home Solutions and home improvements brand Opun in a new package. Fellow UK fashion retailer Boohoo has beaten the downwards market, seeing first quarter sales rise by 39%.



Making offers ▪ Elliott Advisors, parent company of British books and stationary chain Waterstones, has leapt into the bidding war for Majestic Wines, placing an offer for the specialist retailer's 200 stores. Majestic Wines has recently announced they will be rebranding as Naked Wines.




The Americas


Scaling back ▪ Walmart is performing a major re-work of Jet.com. The online start-up is going to be merged with the retailer giant's own online e-commerce business. Walmart bought the e-tailer in 2016 for USD 3.3 billion, with the intention of it raising its presence with the millennial and inner-city markets.



Hitting targets ▪ In cahoots with online grocer Ocado, Kroger has broken ground on their USD 55 million high-tech customer-fulfillment center. The US food retailer is upping the ante with the project, with automated and robotic power. Meanwhile, discounter Target has made a goal of sourcing 100% of their energy from renewable sources by 2030.



Selling assets ▪ The Brazil leg of France's Casino Group is selling its dominant stake in appliance retailer Via Varejo for around USD 578 million. The retailer has taken a mark down on the unit’s listed price, and will be doubling down on its main grocery business.




Asia and Australia


Checking changes ▪ Australian supermarket leader Woolworths is planning a major restructure to its store management structure. However, the move has fallen under fire for potentially leading to job losses across the country. It is under dispute by the union for retail, fast food and warehouse workers.



Fashion platform ▪ Farfetch has revealed it will be opening its first store on JD.com's platform. The Chinese e-tailer bought a stake in the luxury fashion brand two years ago, for USD 397 million. The flagship will now be exposed to JD.com's 300 million customers across the world.



Wholesale moves ▪ Germany's Metro Group is looking to extend its reach in Myanmar, eyeing up major cities including locations in Mandalay, Nay Pyi Taw, Taunggyi. The wholesaler has seen a strong response to its entrance into the country in March.




Dedicated ventures


Range expansion ▪ US grocer Kroger is joining the new retail market for cannabidiol, revealing it will start selling cannabis-based products in 945 stores. The products will include creams, balms and oils that are non-psychoactive and have been safety checked.



Growing strong ▪ Cannabis and CBD brand Green Growth is keeping to its expansion commitments, with over 50 new stores opened in the last four months, under its beauty and body product header. The CEO of Green Growth is confident they are 'building one of the largest and most valuable distribution networks for CBD'.