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Retail Update - powered by LebensmittelZeitung

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A Chinese state-owned company has purchased 50% of New Zealand’s largest meat processer. Carrefour Belgium is set to introduce contactless payment. And Amazon trials fulfilment centres in Mexico. Also, find out why Indian e-tailers are starting to open off-line stores. All these stories and more are in today’s RetailUpdate.

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asia & australasia
McDonald’s in India set to double   The fast-food giant intends to open a new restaurant every week over the next five years. Expansion will be in mainly in the western and southern parts of the country, and they should reach 250 restaurants by the end of the year. ▪
Developments Down Under   Shanghai Maling Aquarius, part of China's state-owned Bright Foods, will invest NZ$261 million for a 50% stake in New Zealand’s largest meat processor, Silver Fern Farms +++ Briscoe Group’s first-half profit has risen 11%. They have also revealed that their hostile takeover bid of Kathmandu has yielded just 2.3% of the 80.1% of shares they don’t already own. ▪
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Future looks secure for Tesco Thailand   Despite intense pressure to reduce debt and last week’s sale of their South Korean unit, Homeplus, there seems little prospect of Tesco Thailand being sold or scaled back. The discount retailer says it is confident in the Thai market’s growth prospects and intends to continue expanding its network of stores. ▪
europe
Carrefour Belgium to use contactless payment   In conjunction with Visa Europe and Worldwide, the French-based retailer will install contactless payment technology for most of its Belgian outlets by the end of 2015. This is the first time that a chain of Carrefour’s size has implemented such a measure in the relatively contactless-payment-shy country. ▪
Impressive profits for Poundworld   As shopping habits shift towards convenience and bargains, the discounter has announced a massive operating profit increase of 130%. They are now the second-largest single-price retailer in the UK +++ Meanwhile, the British Retail Consortium (BRC) and Springboard have revealed that shopper footfall in August was down 1.6% from a year ago. ▪
usa
Kroger's shares rise   In response to the largest US supermarket chain’s raised forecasted earnings for the year, shares in Kroger have risen as much as 8.1%. The company credits the growth to controlling costs and same-store sales growth. Meanwhile, Kroger will soon release an upmarket imported-food private label line designed to appeal to gourmets. ▪
Exits and appointments   Martin Riant, head of Procter & Gamble’s global baby, feminine and family care brands will leave the company +++ Home improvement retailer Lowe’s has acquired ex-Family Dollar marketing executive Jocelyn Wong as senior vice president and general merchandising manager for their seasonal product business area+++ Ex-Kroger executive Geoffrey Cover has been appointed CEO for 99 Cents Only. ▪
Amazon undertaking Mexico trials   Amazon Mexico is trialling a project to have products purchased delivered to OXXO stores (paywall) +++ Meanwhile, in an effort to move farther away from being known only for handcrafted goods, Etsy is launching a programme called Etsy manufacturing, which will connect sellers with approved manufacturers. ▪
digital develpments
New app aids better food choices   Thanks to a new smartphone app launched in Italy, users can now choose healthy foods by reading barcodes and referencing them against an online database. The Edo app analyses a label’s ingredients for nutritional value using a series of algorithms. ▪
A new trend in Indian e-commerce   It seems that in India, going “hybrid” is the latest trend in e-commerce. In an effort to differentiate themselves in an increasingly cluttered online world, e-tailers are setting up brick-and-mortar shops. An off-line presence also enables e-commerce companies to reinforce their online brand and gauge the market. ▪

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