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

Hello and good day!
Alibaba has beaten the analysts' pessimistic expectations by delivering revenue growth for the first quarter yesterday. Lidl appears anxious in the advent of its US debut. German Retail Blog summarises the activities of the German discounter on the other side of the Atlantic and interviews PMLA boss Brian Sharoff. Enjoy the read.

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Asia & Australia
Aldi allegations   The German discounter has reacted to an investigation into labour exploitation in Australia. In a statement the retailer said it took all allegations of misconduct by its suppliers seriously. Over in Germany, Aldi has lowered prices on milk (paywall) and other dairy products in their stores. ▪
Alibaba tops expectations   The Chinese power house delivered revenue growth of 45% in its fourth quarter, beating analysts expectations of slower growth. The group also announced that its CEO, Jonathan Lu, will step down and be replaced by COO Daniel Zhang. Shares were soaring after the announcement. ▪
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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!
Nintendo wins again     The Japanese electronic multi  reported a net profit of US$ 350 million for the first quarter, a reversal from deep losses the previous year. The company also announced plans to build Nintendo-themed attractions at Universal theme parks.  ▪
europe
Lactalis enters Turkey   French dairy giant Lactalis has confirmed that it will acquire an 80% stake in Turkish dairy group AK Gida, which generated revenues of EUR 614 million last year. The proposed aquisition would see Lactalis take its first step into the Turkish dairy sector. ▪
Ocado works on robot system    The British online retailer, which delivers to Morrisons and Waitrose, is developing robots that could reduce its reliance on people to pick and pack groceries for shoppers.  ▪
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Tesco gets new finance chief   Bruce Marsh, a Kingfisher executive, will fill a crucial role as Tesco's new UK finance director. Ken Hanna and Stuart Chambers, head of audit committee and former Pilkington chief, are going to step down next month as Tesco's board shakeup continues. ▪
More first quarter results  British drugmaker GlaxoSmithKline says its net profit rocketed in the first quarter. CEO Andrew Witty explains growth targets +++ Supermarket operator Morrisons has reported another fall in sales.   ▪
 usa & Canada
Lidl changes US management   In an unexpected move, the German discount giant has announced that two senior execs are leaving the US subsidiary. The duo is succeeded by Ireland CEO Brendan Proctor and Gareth Reed. German Retail Blog reports. ▪
Loblaw and Kohl's committed to e-commerce    Canada’s biggest grocery company Loblaw is pulling its Joe Fresh line from J.C. Penney department stores and switching its focus to e-commerce. Loblaw also aims to link food and wellness with a new rewards program +++ Department store company Kohl’s has rolled out its buy online, pick-up in store service to all its stores nationwide.  ▪
Brick-and-mortar expansions   Swedish fashion retailer H&M will open its largest store in the world in Manhattan in May +++ Online eyewear retailer Warby Parker continues its expansion with the opening of its 12th store to date. ▪
Insider insights
Brian Sharoff talks retail brands   The President of the Private Label Manufacturers Association (PLMA), Brian Sharoff, explains the growth of the organisation and a lot more in an exclusive interview with German Retail Blog ▪
Fonterra boss wants to boom   Theo Spierings says he is positioning the dairy giant to capitalise on the long-term surge in dairy consumption. The company faces unprecedented volatility in world markets, while dairy prices have fallen to the lowest in over five years. ▪

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