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

Hello and good day!
On its new business platform, Amazon plans to offer 'hard-to-find'-items such as traffic signs, industrial deep fryers, 55-gallon steel drums and dent pullers. Sounds promising, doesn't it? So does Tesco's commitment to Thailand and Ikea's plan to expand in Britain despite a profit drop. Enjoy the read. 

ADVERTISEMENT
 

Asia & Australia
Coles meets expectations   The Australian supermarket lifted its third quarter sales 5.4% to A$ 7.1 billion. Parent company Wesfarmers is pleased with its retail business, however, there are indications its ongoing price war with arch rival Woolworths may be starting to take a toll. ▪
Store openings in India   Wendy's, the world's third largest burger chain, is set to open 40-50 stores in the next four years, starting next month +++ Microsoft has started rebranding its acquired Nokia stores in India and opened the first ever Microsoft Priority Reseller Store. ▪
ADVERTISEMENT
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!
Tesco Lotus continues in Thailand   The British retailer remains committed to its Thai business and will continue to invest in expanding its retail and online channels. Tesco Lotus has so far invested over US$ 30.6 million under its Roll Back price campaign and another US$ 18.37 million to help slash the price of fresh food. ▪
europe
Profit drop for Ikea in Britain   Pre-tax profits for the Swedish furniture chain's UK operations dipped to GBP 41.8 million from GBP 46.7 million a year before. Ikea operates 18 stores in the UK and is planning to open more. ▪
Chocolate mergers and beer partnerships   Divine Chocolate, the farmer-owned chocolate company, is merging its US and UK-based businesses in a bid to "strengthen" its structure and gain a "wider consumer reach" +++ Ascot Racecourse has signed up Stella Artois as its ‘Official Beer and Cidre’. ▪
ADVERTISEMENT
 
Database for fruit producers   Members of the European Fresh Produce Association (Freshfel) will have a new tool for analysing markets and forming strategies, with the launch of a new database that gathers fruit and vegetable statistics from the European Union. ▪
usa
Amazon introduces business platform   Yesterday, the retail giant launched Amazon Business, posing a new challenge to chains such as Staples. The new marketplace provides access to hundreds of millions of products, as well as business-only selection and pricing.  ▪
Petco partners with Instacart   After a successful pilot in Boston and San Francisco, delivery start up Insstacart has added pet supply retailer Petco to its growing retailer list. Petco marks the first major non-grocery partner for Instacart, which offers one-hour and two-hour delivery to its customers. ▪
J.C. Penney announces marketing boss   The US retailer has named Mary Beth West as executive VP and chief customer and marketing officer, effective June 1. She replaces Debra Berman. ▪
Income revelations   Net earnings at Supervalu fell 14% to US$ 36 million in the fourth quarter of fiscal 2014, however, sales in its banner Save-A-Lot improved 13.7% +++  United Parcel Service (UPS) says its first-quarter earnings rose 14 % to US$1.03 billion +++  Fresh Del Monte Produce saw net income slip 25% year-on-year to US$ 44.2 million. However, sales grew for many of the company's produce ▪
south america
Celesio leaves Brazil   In an unexpected move, German drugs distributor Celesio has announced plans to sell off its operations in Brazil, saying it will instead “increase its focus on European markets and customers”. ▪
Marley expands in Chile   Premium coffee company Marley Coffee announced its expansion into two popular foodservice chains in Chile, Castaño, one of the country’s largest coffee chains, and Subway sandwich stores as well as several grocery chains. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive