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

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South Korean tech giant Samsung enters the mobile payment wars with the promise its system could replace plastic cards almost everywhere. The milk price crisis puts supermarkets worldwide under pressure. A new food giant and a powerful purchasing alliance are shaping up in Europe and in the US, department stores are experiencing rough times. Get informed about these developments in today's issue.

asia
Samsung launches mobile payment   The South Korean tech giant announced the launch of a mobile payment service. Unlike the systems of rivals Apple and Google, Samsung Pay will let customers pay with their phones at nearly any credit-card terminal. The company also unveiled two new large high-end Android handsets. ▪
Relief for Nestlé India   The Swiss food giant, which has posted organic sales growth of 4.5% in the first half of the year, driven by 1.7% internal growth and 2.8% pricing, was granted relief by an Indian court. The food regulator's ban on Maggi noodles has been set aside. Shares of the company’s local unit rallied. ▪
Google grows in Gurgaon   The tech giant, which has restructured its business under the umbrella of new parent company Alphabet, is about to expand its business in India with a new facility in Gurgaon. The company also revealed that startup Niantic Labs will part ways with Google. ▪
europe
Frozen food giant in the making    Nomad Foods confirmed it is buying the European operations of Findus Group for EUR 500 million, as part of its ambition to create a global consumer foods company. In April this year, the private-equity company acquired Iglo Foods, Europe’s largest branded frozen-food company, for EUR 2.6 billion. ▪
Zalando raises its outlook   Europe's biggest online fashion retailer reports a 31.5% increase in first-half revenues to EUR 1.38 billion and has raised its forecast. The company opened an office in Dublin recently and plans to create up to 200 data and research jobs there. ▪
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Driving sales in Britain   While Morrisons experimented with geo-location ads to drive awareness and sales of its fresh produce with promising results, competitor Sainsbury's is set to join the online clothing market through the launch of its new apparel website. ▪
usa & canada
Kroger tests new online service   America's largest supermarket chain by revenue is testing a new online ordering service, where shoppers can choose a time slot to pick up their groceries. The retailer is also partnering with Liberty Mutual on a new loyalty card programme for shoppers. ▪
Expansion plans   Off-price retailer Stein Mart continues its growth path with the announcement that it will open nine stores this fall and at least 12 new locations in 2016. In its third major market expansion, natural and organic online grocer Door to Door Organics plans to expand into two new markets in Ohio and Iowa.  ▪
Department store pains and gains   Kohl’s joined Macy’s in reporting disappointing earnings and weak same-store sales growth. Dillard’s profit declined 13.3% in the second quarter. Nordstrom, however, is delighted with better-than-expected results. The retailer reported net profit of US$ 211 million. ▪
Chiquita triples profit  A significant reduction in the cost of sales helped the banana giant to post a very strong financial result in the second quarter, with net income rising 230% year-on-year to reach US$ 59.6 million. ▪
 insights & analyses
Alidis gets stronger   Former Rewe partners Colruyt (B), Conad (I) and Coop Swiss have joined purchasing alliance Alidis, creating the biggest partnership in European food retailing. Its members will combine annual revenues of EUR 140 billion. German Retail Blog talks with Edeka boss Markus Mosa about the new strength of the alliance. ▪
Milk price crisis   The plunging dairy prices are causing worries. British farmers held an emergency summit this week and retailers make concessions. But supermarkets are not to blame, argues Dr John Lingard, associate at the Centre for Rural Economy at Newcastle University in the UK. ▪

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