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Retail Update - powered by LebensmittelZeitung

Luis Cantarell, executive vice president at food giant Nestlé, talks to German Retail Blog about markets, innovations and international retail alliances. Enjoy this exclusive interview, get also informed about winners and losers in China's stock market upheaval, litigation issues in the US, top performers Aldi and Lidl and a lot more. Have a fantastic weekend.

asia & australia
Woolies and Metcash move on   Chairman Ralph Waters will step down, after Australian supermarket operator Woolworths suffered a 12.5% slide in its full-year profit. Former Lion Nathan CEO Gordon Cairns will take over +++ Australia's leading wholesale distributor Metcash continues to expect weak growth in the current financial year and has high hopes for Rob Murray as its new chairman.  ▪
Rakuten partners for power supply    With Japan set to liberalise its retail electricity market next year, Tokyo-based online shopping giant Rakuten considers teaming up with trading house Marubeni Corp to sell electricity at discount rates to clients at its virtual mall. ▪
Japanese expansions   Amazon plans to launch its video streaming service in the country for members of its Prime paid service +++ Israel-based footwear brand Teva Naot has just opened its fifth “high class boutique” in Tokyo and wants to launch more stores as it wins the hearts and wallets of the Japanese. ▪
Irish performances   American toy and babycare giant Toys 'R'US has secured its first retail sites in Dublin and Limerick +++ Dublin-based fruit company Fyffes delivered strong financial results for the first half of the year and saw earnings rise 12.5% to  EUR 39.5 million. ▪
Former Tesco boss under scrutiny   Philip Clarke, former chief executive of the British retailer, is set to be questioned by the Serious Fraud Office as it nears the conclusion of an investigation into a multi-million pound accounting scandal. ▪
Top rates for German discounters   Lidl's private label selection has been rated 'best quality' by German institution Stiftung Warentest. Over in the US, competitor Aldi has been selected as this year’s winner of the Retail Achievement Award by retail magazine Supermarket News. ▪
usa & canada
Litigation issues   Internet giant Google denies charges by the European authorities that it is abusing its dominance to harm price comparison websites +++ Following an inquiry from the New York state attorney general, clothing retailer Gap will end a controversial scheduling practice and start providing 10- to 14-day notice of work assignments +++ Two execs at Dole Food company have been ordered to pay more than US$ 148 million in a buyout lawsuit. ▪
Christmas in August   Walmart is giving customers a head start on holiday shopping, launching its annual layaway programme two weeks earlier than last year, a telling sign of a tough fight ahead. Meanwhile, the US economy grew faster than initially thought in the second quarter. ▪
Treasure hunt at Macy's   The department store chain is set to open its previously announced “Macy’s Backstage” discount stores this fall, which will compete against the likes of T.J. Maxx and  Nordstrom Rack. It will be a store for treasure hunting, the company says. ▪
insider insights
Nestlé manager talks markets   Executive Vice President, Luis Cantarell, is a veteran of nearly 40 years at Swiss food giant Nestlé. In an exclusive interview with German Retail Blog, he speaks about vibrant and mature markets, international retailer alliances, and innovation as key drivers of growth. ▪
Capturing the Future    The 16th European Foodservice Summit takes place on September 23-25, 2015 in Zurich, Switzerland. It is the number-one European platform for the restaurant industry and gives valuable insight into future trends, technologies, demographics and a lot more. Check it out. ▪
Winners and losers in China   The Chinese economic slowdown that has rattled global markets has an impact on the fortunes of multinationals that do business in the country. While some are suffering falls in revenue, companies like Apple and Samsonite are doing well as retail demand overall remains strong. ▪

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