Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello and good day!
Numbers, numbers, and more numbers. Companies reporting their results this time include Pick n Pay, L'Oreal, Yahoo, Yum Brands and Primark, to name a few.  Chinese food group Cofco has global ambitions, while UK fast food chain Pret a Manger is set to expand in France and in the US. Enjoy the read.

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asia & New zealand
Cofco aims to be a global player   The state-owned Chinese food group not only aims to meet changing appetites at home (paywall), it wants to transform itself into a "global agricultural company". The group's CEO, Ning Gaoning, also sees potential to higher-value products such as meat and dairy. ▪
Yum Brands on the mend in China   The owner of the KFC and Pizza Hut chains said business in its biggest market China (paywall) is recovering from a meat scare at one of its minor suppliers and the division will finish the year strongly. The company reported first-quarter revenue of US$ 2.62 billion. ▪
New Zealand has a new milk boss   DairyNZ has appointed Andrew Reid as its new General Manager of extension, the role that leads the industry body’s regional consulting officer teams. ▪
europe
Strategies in the snack industry   Pork Farms and a division of Kerry Foods, two of UK's top savoury snack makers, are set to merge and it looks like competition authorities will approve the GBP 1 billion deal +++ Sandwich chain Pret a Manger is to almost double the number of its stores in Paris, and open eight more in the US after a 14% rise in profits last year. ▪
Dairy developments   Global food company Arla has continued its push into the added-value category with the launch of the UK’s first fresh milk enriched with nutrients +++ Dairy brand Nomadic is taking the UK yoghurt category by storm with the launch of Labneh, a Lebanese-style savoury yoghurt, into Tesco stores nationwide. ▪
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Primark and L'Oreal reveal results   Cosmetic giant L'Oreal has reported a strong rise in sales for its first quarter, despite a slowdown in sales across western Europe +++ Fashion discounter Primark has posted an 11% rise in first-half profits as it gears up for expansion into the US. ▪
usa & South Africa
Amazon launches travel service   In an effort to bolster its service offerings, Amazon has launched a travel service online called Amazon Destinations. The new platform lists hotels, inns and bed-and-breakfast spots. ▪
Focus on security and environment   NCR announced supermarket chain Roche Bros. has implemented NCR’s Connected Payments to help with its payments security +++ Discount chain Stater Bros.  says, it is implementing new and improved programs geared to expanding its environmentally friendly practices.  ▪
More numbers   Discounter 99 Cents Only reported a net profit of US$ 5.5 million reversing the previous year’s US$ 10.9 million loss +++ South African-based Pick n Pay has delivered a 28% rise in full-year headline earnings, exceeding market forecasts. ▪
Yahoo struggles  Yahoo is still struggling to revive its revenue, which fell 4 % from the same time last year to US $1.04 billion. Now, the company is looking at cashing in its stake in Yahoo Japan Corp. ▪
 exciting innovations 
Robot picks strawberries   A robotic strawberry harvester being developed in the U.S. may be the solution to the sector’s ‘critically’ low labour supply. Harvest CROO Robotics’ co-founder Gary Wishnatzki is confident he can get a decent market slice of the rapidly-growing agricultural robotics industry. ▪
New wine channel up and running   A new digital channel called WineVine.tv, covering wine related news, education, entertainment, and commentary from wine experts around the globe, has launched in Australia today. ▪

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