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

Hello and good day!
Consumers are unquestionably on digital. Internet ad revenues hit the 13-billion-Dollar mark in the US and China's cross boarder e-commerce is expected to reach US$ 245 billion by 2020. In the meantime, German discount powerhouses continue venturing into foreign continents and keep local competitors on alert. Enjoy the read and have a great weekend.


asia & Australia
Lidl keeps Aussies guessing   Although the German discount giant denies 'current plans' to open in Australia, insiders ponder whether this could be the Aldi killer. Over in Italy, Lidl has announced a five-year investment plan of about EUR1 billion (paywall). ▪
South Africans explore Asian market   Capespan, and Golden Wing Mau are joining forces to explore the ‘huge potential’ of the Asian markets +++ South African retail tycoon Christo Wiese wants to expand fashion chain New Look in China +++ China’s cross-border e-commerce retail transaction is expected to reach US$ 245 billion by 2020. ▪
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!
Noodle wars in India   It is called the Maggi effect. As Nestle India 's Maggi noodles sink deeper into a hot Indian regulatory soup, Hindustan Unilever has announced that its Knorr Chinese instant noodles are being pulled from the shelves. ▪
Amazon under scrutiny   The European commission has launched a competition inquiry into the online giant's dominant market position in ebooks. The commission wants to make sure that Amazon's arrangements with publishers are not harmful to consumers. ▪
Home Retail Group disappointed   UK’s largest household goods retailer has revealed disappointing first-quarter trading figures for its Argos division, where sales fell due to stagnant sales across key electrical goods. ▪
Müller slashes jobs in Shropshire   The dairy giant, one of the biggest food producers in the UK, said it needs to make cuts at its UK headquarter in Market Drayton. Up to 43 jobs could be at risk as part of a “strategic review of operational efficiencies”. ▪
usa & canada
Aldi eyes California  The German discount powerhouse announced plans to enter the nation’s most populous state, opening approximately 25 stores in Southern California by July 2016. The expansion is an integral part of a five-year strategic plan to open 650 new stores across the nation. By the end of 2018, Aldi expects to operate nearly 2,000 stores.  ▪
Mega deal developments   Reynolds American, the company behind Camel and Pall Mall cigarettes, said its US$ 25 billion deal to buy rival Lorillard will be completed today. The companies will control 34% of the US$ 100 billion US market (paywall) +++ Heinz and Kraft Foods have announced that the Canadian Competition Bureau has decided not to challenge the proposed merger, but it still needs approval of Kraft shareholders (paywall).  ▪
Hudson's Bay faces loss but leads in bidding   The Canadian retailer is seen in the lead in the bidding battle for Metro’s department store chain Kaufhof, with a decision possible next week. The company reported a net loss of US$ 54 million in the first quarter of fiscal 2015 and announced plans to open 12 to 15 stores this year. ▪
Whole F00ds targets Millenials   The Austin-based supermarket operator and organic foods giant has unveiled its new store concept “365 by Whole Foods Market.” These are smaller, lower-priced and Millenial-targeted stores. The first one will open next year. ▪
Digital developments
Personalised and digital experience   The in-store customer experience is going to get a lot more personalised and timely, according to a new special report by Boston Retail Partners +++ Internet ad revenues hit a record-breaking US $13.3 billion in the United States in the first quarter of 2015. ▪
Cloud-based omnichannel platform   JDA Software Group will release its next generation of cloud-based omnichannel and supply chain solutions on the public Google Cloud Platform. Through this collaboration, Google is said to provide a scalable and flexible technology platform via the cloud. ▪

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