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

Greetings!
Amazon under fire: The New York Times claims the online giant is a merciless workplace and in Britain, the company is accused of banging another nail in the coffin of the grocery market. Read about these accusations, more mega deals, portfolio expansions, burgeoning trends and the latest developments on the dairy crisis in today's issue. 


asia & australasia
Mr. Price opens in Melbourne    Following strong online sales from Australia through the MRP.com website, South African discount fashion retailer Mr Price is set to open its first standalone store in Melbourne. The South Africa-based company has more than 1062 retail stores across five trading divisions. ▪
More developments Down Under   Coca Cola Amatil, one of the largest bottlers in the Asia-Pacific region, has struck a 10-year deal to sell and distribute Beam Suntory's brands in New Zealand +++ Consumer electronics company JB Hi-Fi has announced changes for its board +++ Earnings of dairy giant Fonterra raise concerns in New Zealand. ▪
Nestlé and Puma in India   Following the Bombay high court verdict that lifted the nationwide ban on Maggi noodles, the Swiss food giant said it will expand its portfolio in the country +++ German shoe and sportswear retailer Puma has emerged as the top international brand in India by revenue, beating its direct rival Adidas as well as Benetton and Zara. ▪
Europe
Morrisons to sell off convenience stores   The British supermarket operator is reportedly in advanced talks to offload its convenience stores to investment firm Greybull Capital. Morrisons shut 23 M Local stores earlier this year. ▪
Milk price movements   More retailers have responded to pressure from financially strapped dairy farmers by raising the price they pay milk suppliers. Amongst them Aldi and Asda. Supermarket chain Booths is paying the highest price for milk, saying stores have a duty to pay suppliers fairly and Morrisons is extending its new Milk for Farmers concept to cheese. ▪
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Discounters prosper in Italy   The number of discount supermarkets in Italy has grown by over 60% in the past decade, according to a study by market research company IRI. Market leaders are Eurospin, MD-LD Discount and Lidl. ▪
 usa & Mexico 
Sam's wants to be less Walmart   The warehouse-club retailer wants go more upscale (paywall) and break away from low-income consumers who shop at Walmart. Its parent company, on the other hand, expands its e-commerce capacities with the opening of a new distribution centre in Indiana. ▪
Lay-offs and store closings   Grocery retailer Haggen will close and sell 27 locations, with more to come. It was not clear how many jobs will be affected +++ Food manufacturer Tyson Foods will shut down its beef production in Denison, laying off 400 workers because of tight cattle supplies. ▪
Mexico's Femsa acquires in Chile    The beverages and retail conglomerate has reached an agreement to buy a majority stake in Chilean pharmacy chain Grupo Socofar, valued at US$ 998 million. Femsa plans to finance the acquisition using cash on hand. ▪
insights & trends
Accusations against Amazon   Jeff Bezos is poised to become the newest threat to the already struggling supermarket industry in Britain with Amazon’s much-speculated drive to bring its Fresh concept to the country. Over in the US, the online behemoth is under fire for its reportedly brutal workplace culture. ▪
Booming market or passing trend   Today’s “invisible app” market could be classified as a passing trend, but it might also be the beginning of a significant multi-year shift in how we transact when we’re away from our computers. Check out why the market exists. ▪
Highlights for leaders   At the GMA Leadership Forum this weekend in Colorado Springs, issues such as digital disruption, changing demographics and new consumer behaviours were tackled and top trends revealed. ▪

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