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Retail Update - powered by LebensmittelZeitung

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Food giant Nestlé is upbeat about an ice cream joint venture, while brewer Sabmiller is not that keen on AB InBev's takeover bid. In Britain, online supermarket Ocado is shopping for staff and over in New Zealand, kiwi fruit giant Zespri has reason to celebrate. Enjoy the read and spread the word if you like our daily updates. Subscription is FREE.


asia & australasia
Carrefour goes easy in China   The French retail giant has opened its third Easy convenience store in Shanghai last month and is set to launch 10 more stores by the end of the year. The company says it will focus on providing community convenience stores with selected produce from its hypermarkets. ▪
Korean announcements   Samsung Electronics is on recovery track. The South Korean smartphone maker estimates its third-quarter operating profit surged by 80% +++ Seoul-based coffeehouse company Caffè Bene has reached saturation point in its home market and has started franchising in Vietnam. ▪
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Zespri backs TPP and Diwali    The New Zealand-based kiwifruit giant supports the Trans-Pacific Partnership (TPP) Agreement, especially the elimination of Japanese tariffs, which has cost the industry over NZ$ 15 million in 2014. Over in India, Zespri has come up with a new kiwi promotion to mark this year’s Diwali celebrations. ▪
 europe
Management reshuffles and job offers   Europe's leading specialist electrical and telecommunications retailer, Dixons Carphone, is reorganizing its executive team and online supermarket Ocado is on the lookout for nearly 2,000 permanent staff before December. ▪
Tesco simplifies trade terms   The British supermarket operator wants of offer a “fairer” business model for suppliers by standardising their payment terms and settling bills from smaller firms quicker. The changes will necessitate some additional short-term investment to improve cash flow, the company says. ▪
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Nestlé confirms ice cream talks    The Swiss food giant is in advanced discussions with Britain's R&R Ice Cream to merge its international ice cream business. The joint venture is valued at EUR 3 billion. Nestlé's ice cream business has more than 150 brands including Mövenpick, Nestlé Schöller and Extreme. ▪
Sabmiller dismisses mega merger  The British-South African brewing company rejected an informal takeover offer from Anheuser-Busch InBev of about GBP 66.4 billion. It was considered too low. Sabmiller reports that its volume growth accelerated in the second quarter, helped by emerging markets. ▪
 usa, canada & Latin america
Walmart on a health mission   The retail giant is joining forces in Canada with 7-Eleven to make online shopping as convenient as possible. Over in the US, it is preparing “America's Biggest Health Fair” across 4,400 locations on Oct. 10. Walmart is also expanding its offering of protein bars to the main grocery aisles. ▪
Pepsico tops expectations   The snack and beverage company has reported better than expected quarterly profits after seeing rising demand in North America. Profit plunged, however, in Venezuela, where many companies are struggling due to the country's hyperinflation. ▪
Organics gain ground in Brazil   The Brazilian domestic market for organic products is expected to grow by 20-30% in 2016, according to forecasts from the country’s Ministry of Agriculture, Livestock and Supply. Currently, Brazil has 11,084 registered organic producers. ▪
digital developments
Council for e-commerce   The National Retail Federation has formed a Digital Council to focus on the e-commerce, mobile and innovative initiatives that exist within the retail industry today. ▪
Ready for cyberspace   While global management consultancy Kurt Salmon is acquiring technology agency Mobispoke LLC to deal with digital experiences, home improvement retailer Home Depot has appointed cybersecurity expert Linda R. Gooden to its board of directors. ▪
Printing shoes with Nike   Based on what the US footwear giant is already doing with Flyknit technology, Nike's COO Eric Sprunk thinks the ability for consumers to 3D print a pair of sneakers is close at hand. He shared his vision with the audience at a summit, held by tech news site GeekWire. ▪

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