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

Hello and good day!
Apple remains in the headlines. This time it's the impressive profit jump of the Californian tech giant, which is continuously beating the expectations of Wall Street and keeping the analysts busy. Restaurant Brands, too, reports whopper sales. Today's issue informs also about management reshuffles, partnerships, alliances and a lot more. 

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asia
Growth market India   Portugal's largest retailer, Sonae, has entered the Indian retail market via a deal with Tata subsidiary Trent Ltd. Sonae hopes to make India a key growth driver for its Sport Zone banner +++ Home products giant SC Johnson has announced the acquisition of three brands in Bangladesh, as part of its aim to grow in South Asia. ▪
Alibaba builds home appliance platform   The Chinese e-commerce major has teamed up with a dozen domestic home appliance makers, including Haier and Midea, to build the largest smart home appliance online distribution platform +++ China’s internet giants are trying to expand their presence in the booming mobile and electronics health care market. ▪
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Top retailers will meet at C-star
C-star is the official satellite event of EuroShop, the world's largest retail trade fair, and will take place on May 13-15 2015 in Shanghai. At C-star you will see the latest retail trends and developments geared to the needs of the Chinese market. With a comprehensive supporting program, C-star will be the perfect place to conduct business and expand your knowledge.
Come and join us at C-star!
Korean e-tailer enters Malaysia    11street, Korea’s largest online marketplace, has launched in Malaysia. The company will invest more than US$ 10 million and plans to have 11,000 sellers on board by the end of this month. ▪
europe
Londis reshuffles management team   The Musgrave-owned company has announced an overhaul of the management team of its c-store chain. It has promoted John Ridgley to retail director and added head of central operations Paul Adams to the Londis leadership team. ▪
Messages from Russia   Budget hypermarket chain Lenta has reported a sharp 37.7% jump in revenues for its fiscal first quarter, as the country's growing economic woes push shoppers towards low-priced stores +++ Russia's agricultural watchdog considers bolstering its ban on EU food imports. ▪
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Metro teams up with Markant    Buying group Markant takes over settlement of the German merchandise business of Metro Group’s Metro Cash & Carry and Real hypermarket division. The migration will be implemented in several steps. ▪
Capgemini buys US rival  French technology company Capgemini is paying about US$ 4 billion to buy US rival Igate and expand its presence in North America. Capgemini's clients are mainly in the retail, manufacturing and health care industries. Igate has a global employee base of 33,000. ▪
 usa & canada
Kroger, Dunnhumby and Tesco   US supermarket operator Kroger has ended its 12-year joint venture with British consumer data company Dunnhumby to form a new wholly-owned company called 84.51° . Dunnhumby's parent company Tesco moved a step closer to the possible sale of the data-analytics business.  ▪
Sobeys acquires Coop Atlantic   Canada's second largest grocer, Sobeys, has sealed an agreement to buy the majority of Coop Atlantic, which is looking at selling its grocery and gas assets, including 170 supermarkets and convenience stores that operate under the banners Co-op, Valufoods, Village Mart and RiteStop. ▪
Apple and Burger King report sales jumps   California tech giant Apple has reported a sharp profit rise of 33% from a year ago to US$ 13.6 billion, again beating expectations +++ Restaurant Brands, parent company of Burger King, has enjoyed its biggest sales jump in nearly a decade. ▪
Litigation issues
US retailers sued over factory collapse   One of the deadliest disasters in the history of the garment industry, the collapse of an eight-story garment factory in Bangladesh in 2014, has led to lawsuits aimed at a group of retailers. Among them are Walmart and J.C. Penney. ▪
Ebay supports Google in Brussels   A report by Financial Times revealed that Ebay’s CEO John Donahoe spoke out in support of Google as the search-engine giant defends itself in an antitrust case lodged in Brussels, Belgium. ▪

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