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

Hello, dear reader!
Another day, another billion-dollar deal - Diamond Foods, which was rumoured to be acquired by Kellogg's, is now taken over by an American snack food maker. In other news, we feature the most recent results from Woolies to Walmex, and we take a look at the latest developments in the digital world. Enjoy our daily update and don't forget to share it with your colleagues.

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asia & Australia
Woolies sales stall   Australian supermarket giant Woolworths posted a rise of just 0.4% to AU$ 11 billion in its first quarter and warned of a significant fall in profit as it battles stiff competition from Coles and Aldi. Better off is electronics retailer JB Hi-Fi, which has lifted first quarter sales by 5.3%. ▪
Blackmores and Bega buddy up   Australia’s leading natural health brand and the country's number one selling cheese brand, Bega Cheese, have entered a partnership to produce nutritional foods, including baby formula. Blackmores has been a huge winner from surging demand for vitamins in China. ▪
Japanese firms abroad   Drugstore operator Matsumotokiyoshi will launch its first store abroad in Bangkok this week, and a second one by the end of the year +++ Telecommunication giant NTT has just opened the largest data centre in India and has more ambitious plans. ▪
Indian investments  E-commerce marketplace Flipkart plans to have an offline sales presence to reach consumers without the internet, while competitor Snapdeal is in talks with investors to raise about US$300 million for its digital services platform FreeCharge. ▪
Samsung back on track  The Korean smartphone maker is back to operating profit growth and says it made US$ 6.42 billion in operating profit during the Q3 period. ▪
  europe
Pooling purchasing power   Portuguese food retailer Sonae has signed an agreement with the Spanish central purchasing body IFA Group and Italian retail group Auchan-Sma has announced it will join the C3 purchasing consortium from 1 November.  ▪
Tesco ties up with Arcadia   The British supermarket major has agreed to a deal with Arcadia that will see the clothing giant sell some of its biggest brands in select Tesco stores across the country. ▪
Reporting results   Dutch brewing giant Heineken reported third-quarter sales growth that beat analysts’ estimates. Meanwhile, British American Tobacco reported a decline in its third-quarter revenue, hurt by currency fluctuations. ▪
USA & Mexico
Snack food maker buys Diamond Foods   Snyder's-Lance, the second largest salty snack maker in the US, has agreed to acquire the California-based food company, specialised in marketing walnuts, for US$ 1.27 billion. Cereal maker Kellogg's was in the run for the company as well.  ▪
Lidl breaks ground in Virginia  The newly established division of the German discounter and Virginia officials participated in a groundbreaking ceremony for its headquarter and distribution center in Spotsylvania.  ▪
Solid growth for Walgreens and Walmex    Just after its billion-dollar acquisition of Rite Aid, Walgreens Boots Alliance beats the estimates with its fourth-quarter net earnings of US$ 26 million. Walmart Mexico, known as Walmex, has reported strong sales in its third quarter with a 22% increase in profits. ▪
DIGITAL DEVELOPMENTS
Improving store experience   Nebraska-based discount department store chain Gordmans has partnered with OLR, a leading provider of Oracle Retail solutions, to speed up the checkout process ▪
Rules of mobile retail   Retail is like real estate is the conclusion of the annual Mobile Path to Purchase study, which also reveals some notable rules. Retailers are wise to think of how mobile fits into the broader end-to-end shopping experience, thinks Paypal's Dan Leberman. ▪
Social platform turns into shopping channel   Visual commerce provider Curalate is releasing Curalate Reveal, a new solution enabling consumers to discover and shop products by clicking on images in blogs.  ▪

 



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