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Retail Update - powered by LebensmittelZeitung

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In Japan, 7-Eleven will have exclusive rights to sell tickets for the new Star Wars movie in their domestic market. Nomad Foods is preparing for another acquisition — this time British meat-free food manufacturer Quorn. And fast-food giants McDonalds and Burger King are burying the hatchet for world peace. All these stories and more are in today’s RetailUpdate. Have a great day.

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asia & australia
Snapdeal to invest in Shopo   The e-commerce giant will invest US$ 100 million in Shopo in an attempt to build the recently launched venture into a one million seller-strong platform. ▪
Topshop tipped to thrive   Since the equity injection and concession agreement with Myer, Australian franchisee Hilton Seskin believes Topshop’s sales could reach AU$ 300 million in the next few years, eclipsing fast-fashion chains such as Zara and H&M. ▪
Exclusive Star Wars deal for 7-Eleven Japan   In an unusual deal for a convenience store chain, 7-Eleven Japan will exclusively sell domestic tickets for Star Wars. In Australia, the Abbott government is considering amnesty for 7-Eleven workers who have fallen victim to exploitation. ▪
europe
Price agreed for Tesco’s Homeplus   In an effort to push their balance sheet out of the red, the UK grocer has agreed to sell its South Korean unit, Homeplus, to its preferred bidder, MBK Partners, for GBP 4 billion. Analysts (paywall) believe the sale indicates a shift in strategy for Tesco. ▪
Collateral damage amid ongoing price wars   While the major supermarkets engage in an increasingly intense price war, upmarket food and drink retailers such as Waitrose and Booths are now beginning to feel the heat. Waitrose is expected to report its first decrease in like-for-like sales in seven years +++ Meanwhile, some believe plans to allow local authorities to decide Sunday trading hours will put independent stores at risk. ▪
Frozen food giant competition   Nomad Foods is looking for another takeover. This time the company wants to buy Quorn, the British meat-free food maker, for GBP 500 million plus. Nomad, who bought Findus (paywall) and Iglo earlier this year, is expected to face tough competition from the Toronto-based McCain Foods, the world’s largest producer of frozen chips, which is also understood to be in early discussions about a takeover of Quorn. ▪
usa
Amazon plans budget tablet     Just in time for the holiday season, the e-commerce behemoth plans to release a 6-inch screen tablet priced at just US$ 50. ▪
Burger giants unite for world peace   In honour of World Peace Day on 21 September, Burger King is seeking an alliance with arch rival McDonalds. The union could come in the form of a McWhopper burger. Just recently, the fast food giant announced it will offer all-day breakfast from October 6 in an attempt to boost slumping sales. Over in Australia, McDonald's has been forced to change its menus after new display boards were found to breach labelling laws. ▪
Blackberry shifts focus   The technology company once known for making smartphones is about to make another security-related acquisition by purchasing Good Technology for $US 425 million. BlackBerry is now focusing on software that enables IT departments to manage mobile devices. ▪
consumer behaviour
Speedy delivery required   Retailers have to keep pace with rising demands and drastic changes within the market. Speed and convenience of fulfilment has become  key to retail success according to a survey from JDA, a retail software company. ▪
Moving towards a cashless society   The proliferation of e-commerce has coaxed Indian consumers toward plastic forms of payments instead of cash. And according to the RBI, 236 million credit cards and 2,892 million debit cards were used by Indian consumers by July. ▪

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