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

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Recent retail figures from Kantar reveal that Sainsbury's has overtaken Asda and is now No. 2 in Britain, the growth of German discounters Aldi and Lidl, however, seems to be unstoppable as they grab a record share of the UK-grocery market. Over in the US, Amazon is still obsessed with delivery drones and has described how it wants them to fly. 

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asia & australia
Shake-up at Myer goes on   Just one day after Australia's largest department store operator confirmed plans to cut permanent staff, it has announced plans to axe around 100 brands across men’s, women’s and children’s clothing and homewares to make way for new labels. ▪
Costa lures European investors   London-based Mondrian Investment Partners has raised its stake in Australia's top supplier of fresh fruit and vegetables, Costa Group. Amsterdam-based P&P Cos Holdings also showed interest in the recently floated company. ▪
Revenue jump for Baidu   The Chinese search engine provider added 38.3 % in revenue in the second quarter from a year ago but profit growth has eased due to heavy spending on mobile services. ▪
Lotte expands to Bangkok  The Japanese and South Korean arms of the sprawling Lotte conglomerate are poised to start collaborating. As a joint venture it will open a “major downtown duty free store” in Thailand’s capital in early 2016. ▪
  europe & Middle east
Aldi and Lidl grow strong in Britain   The Co-operative Group has returned to growth and Sainsbury's has overtaken Asda to become the UK’s second-biggest supermarket, according to the latest figures from Kantar Worldpanel. However, takings at their German rivals soared, giving Lidl and Aldi a combined market share of nearly 10%. ▪
Focus on health and sustainability    Tesco has announced plans to tackle obesity and will ban Ribena and Capri-Sun products along with other sugary drinks from September. Meanwhile, German discounter Aldi is set to please Fairtrade activists globally with the commitment to only sustainably obtained cocoa for its private label chocolate. ▪
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Card fees under scrutiny   Shoppers in Britain could enjoy lower prices next year as the government has announced plans to cap credit and debit card fees charged by banks to businesses. Retailers will be expected to pass on any savings. ▪
Sarona market opens in Tel Aviv  Four years after the founding of the Sarona market was announced, Gindi Holdings opened the culinary market in Tel Aviv's Sarona district on Tuesday. It will contain 89 carefully selected businesses. ▪
 usa
Amazon lays out plan for drones    On Tuesday, the online powerhouse described how it wants delivery drones to fly. Its proposal carves out a special air zone exclusively for autonomous drones. The e-commerce giant also continues its evolution into a full-service technology platform for retailers . ▪
Supervalu considers spinoff   The US supermarket operator, which reported a 42% rise in net earnings to US$ 61 million, is considering spinning off its highly successful Save-A-Lot discount grocery chain into a separate company. The decision sent the company’s shares soaring 10%. ▪
P&G names new CEO   The American consumer goods multi has confirmed that it will appoint David Taylor as its next chief executive officer to succeed A.G. Lafley and transform the company. According to digital news platform Quartz, the struggling maker of Tides has a simple business problem. ▪
south africa
Diageo splits with Heineken   The British spirits maker is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia. Diageo's move in Sabmiller's natural heartland makes a comparison between the two beverage providers interesting. ▪
Dunkin moves to SA    US restaurant company Dunkin’ Brands, owner of Dunkin Donuts, plans to open 50 speciality ice-cream shops under the banner Baskin-Robbins in South Africa over the next five years. ▪

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