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

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Retailers and suppliers react as consumers switch to healthier foods. Tesco and Heinz have signalised to reduce sugar contents in some of their products. Pizza Hut and Taco Bell announce they will eliminate artificial colouring and flavours, while in Switzerland, Monsanto products take a pounding.  Enjoy your read.

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asia & australasia
Emerald buys Bang & Olufsen Australasia   The Australian and New Zealand operations of Danish consumer electronics company Bang & Olufsen have been bought by Emerald Group Investments +++ In South East Asia, B&O India taps into the promising luxury market and plans to invest US$ 6-8 million this year. ▪
Yamada Denki shuts stores   The electrical appliance retailer will close 46 money-losing stores in Japan by the end of May to focus on urban areas where strong demand from foreign visitors is expected. ▪
Chinese beef processor goes online    One of China’s most ambitious beef processing and distribution firms has said it is setting up its own online store, which will eventually become China’s largest online retailer of beef and fine foods ▪
Walmart grows in India  The U.S. retail giant plans to open two new cash-and-carry stores in Andhra Pradesh and Punjab. Over in America, Walmart has slowed down (paywall) its store expansion to fund its virtual growth. ▪
 europe
Swiss retailers abandon Monsanto   Migros and Coop are to take glyphosate out of their stores, after WHO reports that the Monsanto product is probably carcinogenic. The US multi is reportedly considering raising the offer to take over European agrichemical giant Syngenta after its US$ 45 billion bid was rejected recently. ▪
Boohoo refines marketing   The global online fashion retailer, one of the fastest growing international e-tailers, has selected software company Visual IQ to provide marketing solutions across TV and digital channels in support of its 2015 growth initiatives. ▪
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France takes action over food waste   New French legislation requires supermarkets to donate all unsold, edible food to charity. Big supermarkets will face fines or even jail over food wastage. The ban is part of a greater initiative to cut France's food wastage by half by 2025.  ▪
usa & canada
Amazon offers thousands of jobs   The online giant has been opening distribution centres across the U.S. in order to speed up delivery times and is now hiring 6,000 full-time workers to staff up. Amazon is also reportedly preparing an online marketplace for handmade goods aimed directly at competing with Etsy. ▪
Online promotions and take-overs    Ebay is planning to roll out a service called Promoted Listings +++ Specialty teen retailer Hot Topic is acquiring Geeknet, parent company of online retailers ThinkGeek and ThinkGeek Solutions. ▪
Food chain recipes for health and growth    Yum Brands' restaurant chains Pizza Hut and Taco Bell announced they would eliminate artificial colouring and flavours from their products “wherever possible” +++ Wendy’s has opened a dedicated technology centre in Ohio, to “explore forward-looking ways to utilise technology".  ▪
developments to watch
Reducing sugar intakes    US food giant Heinz (paywall) announced its plans to cut added sugar from children's products, and British retailer Tesco aims to reduce the sugar content of its soft drinks by 5 % every year, which is a good start according to the Guardian. ▪
From shopping aisles to cyberspace   Target tops Walmart in online sales growth. The US retail giants reported higher traffic and conversion rates for their web sales. Target’s online sales grew by 37%, Walmart’s by 17%. ▪

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