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

Hello and good day!
It is a fast-paced world and plans may change overnight. While only yesterday it seemed as if Douglas was about to return to the stock market, the German retailer now decided to opt for an updated offer from CVC. Find out about this turnaround and more stories from the retail world.


Asia & Australia
Struggling Australian companies   Department store chain Myer will be closing its store in the Top Ryde City shopping centre in Sydney in late July and three more stores in Melbourne by the end of August +++ The Retail Food Group, which owns several franchise systems in Australasia, has announced asset writedowns of A$18.5 million. ▪
Pact group plans acquisition   Manufacturer of packaging and other products Pact Group is in talks to buy consumer packaging business Jalco ▪
ADVERTISEMENT
C-star is China's most international retail show
The first edition C-star was a huge success. On a net exhibition space of 5000 square meters, C-star featured 162 exhibitors from 23 countries. Despite being held for the first time, 5721 visitors from 59 countries and regions came to visit the show, with 18% coming from overseas. This makes C-star China's most international retail trade show.
Join us next year for another exciting edition of C-star!
Booming sales for 7-Eleven Malaysia   The convenience chain store reports a rise in sales by 23.7% for the first quarter of the year. The company expressed optimism for future growth in spite of the implementation of GST in Malaysia on 1 April. ▪
Europe
Douglas to be bought by CVC   While it seemed yesterday as if the German cosmetics and perfume chain was planning an IPO, this plan has now been discarded as the 'second best option' and Douglas is to be acquired by private equity group CVC Capital Partners from US buyout firm Advent. ▪
Aldi generates jobs in the UK and overseas   The discounter's launch of a new training centre and store in North Liverpool is to create up to 150 new jobs. In Denmark, the retailer is still awaiting profit (paywall) +++ Overseas, Aldi plans to open five more stores in Florida and has started recruiting for its expansion in Southern Australia. ▪
ADVERTISEMENT
 
Brand name possibly up for sale   Online retailer Shop Direct closes its Woolworths website and evokes speculations about a sell-off of the brand name, which it had bought after the original stores group collapsed in 2008.  ▪
USA
Walmart and Kroger change and grow   Broad organisational changes are being planned at Walmart. The retailer also eyes the growing middle class market across east Africa (paywall) +++  Kroger plans to invest US$ 46 million in new facilities in the Cincinnati area, creating nearly 650 jobs. In Dallas however, Walmart and Koger are both fearing for their market leadership after being overhauled by H-E-B in Houston.   ▪
Amazon to test new look    The online retail giant is said to be experimenting with a new design based on pinboards, Pinterest-style, called 'Stream'. Product-wise, Amazon.com is targeting kids with its revelation of the 'Kiddie Kindle' and a pocket-money scheme (paywall).   ▪
Five Below prospers   According to eMarketer, Five Below is the fastest-growing retailer in its category in the country. Its new million sq.-ft. distribution center in New Jersey will open on 3 June with shipping from there starting in the beginning of July. ▪
insightful analysIs
Social media as consumer touch point   According to a study by eDigitalResearch, the number of consumers using social media as a customer service touch point within the past year has grown to 11% +++ Almost 90% of Chinese consumers said they have bought more after social media interactions with retailers, according to PWC's Total Retail 2015 report. ▪
China at top rank   Latest findings from A.T. Kearney’s annual Global Retail Development Index (GRDI) include China being the top country in the ranking for the first time since 2010 and being expected to surpass the USA as the world's largest retail market by 2018. India's retail market is expected to become the world's fastest-growing major developing market and reach the market cap of US$1.3 trillion by 2020. ▪

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