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

Hello and good day!
A number of our readers have enjoyed or are still enjoying a long weekend, due to the 1st of May and the Bank Holiday. For the RetailUpdate team it is back to work now. Read about the latest developments in the world of retail, profit-and-loss announcements, management restructures, acquisitions and a lot more. Have a great start to the week. 

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asia & australia
Mondelez and Red Bull report results   Mondelez Australia increased profit by 43% last year +++ Energy drink company Red Bull, on the other hand, has its wings clipped as profit has dropped for the third year in a row. ▪
Baidu beats expectations   China’s largest search engine operator's first-quarter net earnings exceeded analysts’ estimates. Sales surged 34% to Yuan 1.27 billion. ▪
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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!
IFA wants more Indian companies   Messe Berlin is looking to increase participation from India for the annual tech show Internationale Funkausstellung (IFA). The event showcases consumer electronics and home appliances. ▪
europe
Lidl slips in Britain and cooperates in Spain   The slow store opening programme of the German discounter has caused its share of the lucrative UK discounters market to slip, despite its success in food and grocery. Over in Spain, Lidl has teamed up with Media Markt on a promotional campaign. ▪
Coop concentrates on convenience    The Co-operative Group has announced more store closures,  selling six stores and closing another. The group is focussing on convenience. It had sold 37 larger stores last year, leaving it with 717 supermarkets and 2.079 c-stores. ▪
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Domino's enters Georgia   The US food-service chain has opened the first Domino's store in the Republic of Georgia. With seven new markets opening in the past 12 months (including Azerbaijan and Cambodia earlier in 2015), Domino's is among the fastest growing American food service chains. ▪
USA & Canada
Management decisions   Walmart is shuffling a number of key executives and also tinkering with its organisational structure +++ Fresh Market is expanding its board of directors +++ Schnuck Markets eliminated 52 positions at its headquarters. The layoffs spanned different departments and position levels. ▪
Kroger buys Hiller's stores   The grocery store chain will acquire all seven of the Hiller’s Markets stores in the Detroit metropolitan area. The purchase is part of Kroger's plan to invest US$ 150 million to expand. ▪
Jet.com challenges Amazon   E-commerce site Jet.com prepares to take off and hopes to compete with Amazon.com. It might help that Chinese e-commerce powerhouse Alibaba recently invested secretly in the challenger.  ▪
More results revealed  Sales at Weis Markets were up, but net income declined in the first quarter +++ Same-store sales increased 3% in April 2015 for pharmacy chain Rite Aid, compared to the same month a year earlier +++ Net income of Publix Super Markets jumped 11% in the first quarter of fiscal 2015. ▪
developments to watch
Pepkor expands in Nigeria   The South African clothing retailer, bought by Steinhoff International Holdings last year, plans to double its presence in Nigeria with 10 store openings a year. The company opened its first outlet in Africa’s most populous country (paywall) in 2012 and will have 31 stores by July. ▪
Amex launches Plenti   Today, American Express will roll out its new loyalty programme, Plenti, allowing US shoppers for the first time to earn rewards points through a variety of purchases, from paying a phone bill to filling up at the pump. ▪

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