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

Hello and good day!
Tesco boss Dave Lewis meets with shareholders today for the first time. Although he's already made substantial progress in giving the business new directions, sales seem to be still falling. In the meantime, competitor Sainsbury's fuels the price war, while over in Germany, Aldi offers customers free charge points for electric cars outside its stores in Düsseldorf. Enjoy the read and have a great weekend.

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Asia, south pacific & middle east
Investment plans for Dubai and India   Consumer foods giant Nestlé is planning to open a new US$ 120 million factory in Dubai. The new plant will produce coffee and culinary products +++ Over in India, Chinese electronics major Lenovo is looking at the possibility of setting up a manufacturing unit in the country. ▪
7-Eleven Malaysia rejuvenates    The retailer, which runs 1,840 stores nationwide, will invest US$ 24 million in opening 200 stores, refreshing a further 200, and is looking to rejuvenate its offer. The Malaysian market leader also announced that it is closing a deal with a courier service provider. ▪
Updates from Down Under   Australia’s largest integrated produce company, Costa Group, is launching an initial public offering and seeking to raise AUD$ 541- 637.4 million +++ Burger King NZ reports NZ$ 7.5 million loss. The burger chain operates 83 outlets and competes with 164 McDonald's restaurants in New Zealand. ▪
europe
DIY is dead, long live DIY   The Global DIY Summit in London welcomed 750 delegates from 45 countries and provided an authoritative statement on the current state of repair in the global home-improvement sector and the daunting challenges laying ahead. German Retail Blog reports. ▪
Aldi introduces free charging stations   The German discounter is to install charge points for electric cars outside its stores, so that customers can replenish their vehicle for free while shopping. The first 47 sockets will be introduced in Düsseldorf. German energy utility RWE will operate the charging stations. ▪
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Sainsbury's fuels price war   The British retailer has cut the price of milk to match those of discounters Aldi and Lidl, in a further sign of an intensifying supermarket price war. Meanwhile, the company's chief financial officer John Rogers (paywall) has taken on added responsibility as Helen Buck, responsible for business development, steps down.  ▪
Tesco boss to meet shareholders  Dave Lewis, Group CEO of Britain's biggest retailer, will face shareholders for the first time today. Analysts suspect Tesco’s like-for-like sales are still falling, although Lewis has already made substantial progress in giving the business new direction. Tesco-owned convenience chain One Stop has opened for the first time in Scotland.  ▪
 usa & canada
Dedicated store concepts   Department store company Sears has opened a new “connected solutions” flagship in Silicon Valley dedicated to smart technology products for the home +++ Bruegger's Bagels and Jamba Juice are joining forces to open nine co-branded stores in the US. ▪
Executive shake ups   The transformation of Target under the leadership of new CEO, Brian Cornell, continues with the departure of executive VP Kathryn A. Tesija +++ Sandwich chain Subway has named Suzanne Greco president of the company +++ Dollar General has appointed John W. Garratt interim CFO. He succeeds David Tehle. ▪
Nike exceeds estimates   Net income of the world’s largest sporting-goods maker, Nike, rose 24% to US$ 865 million. The company released new products and won market share from its athletic-gear rivals +++ Canadian yoga-wear retailer Lululemon Athletica faces another recall, this time involving women’s hoodies. ▪
insider insight
Understanding convenience shoppers   Research and consulting company Him International has released an infographic comparing convenience shopper insight across key markets in Europe. The findings come from interviews with 10,000 shoppers across the world. ▪

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