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

Hello, dear reader!
Indian e-commerce giant Snapdeal takes on rival Flipkart and a possible DIY-merger causes concerns in Australia. In New Zealand, dairy giant Fonterra raises its forecast while in Britain, supermarket chain Morrisons is under fire for not supporting struggling dairy farmers. Enjoy the read and a peaceful start to the new week.

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Asia & South Pacific
Acquisitions in Australasia   Concerns are growing in Australia that a tipped tie-up between DIY retailer Mitre 10 and Home Timber & Hardware could create an AU$ 2 billion new player to challenge Wesfarmer's Bunnings. Over in New Zealand, healthcare company Ebos has agreed to acquire herbal tea maker Red Seal, while in Australia.  ▪
Fonterra catches up   The world largest dairy exporter has raised its annual earnings forecast as it cuts costs and lays off 835 staff, which is more than previously announced. The co-op is now catching up on the value-added side with focus on branded and food service products. ▪
Pxmart takes over Matsusei   China’s biggest supermarket will buy Taiwanese-based grocery chain Matsusei Supermarket, giving it over 800 stores nationwide. The deal is still pending the Fair Trade Commission's review. ▪
Snapdeal launches Snap-lite  As response to arch rival Flipkart's Lite, the Dehli-based e-commerce company has introduced its own 'lite version', which will make browsing 85% faster. Snapdeal also revealed that it sold 60,000 Maggi Welcome kits within five minutes of Nestlé teaming up with the online platform for the relaunch. ▪
    Europe
Amazon steps up in Britain   The Seattle-based e-commerce giant is giving Britain’s embattled UK supermarkets another challenge by introducing next-day delivery service Pantry for its Prime members. This week, the company will launch an online platform for British start-ups (paywall) to market their products. ▪
Aldi and Lidl challenge Big Four    Fresh industry figures show that the German discounters plan to open five times as many stores as the Big Four in Britain. Together they have lodged planning applications for 171 new stores. This is more than double the number suggested earlier in the year. ▪
Morrisons under fire    Britain's fourth-largest supermarket chain has named Paula Vennells as its new non-executive director. In other news, Morrisons has been accused by Farmers for Action of not delivering on its promise to support struggling dairy farmers in the UK. ▪
USa & Canada
Target debuts with urban store   The second-largest discount retailer in the US plans to open a smaller store format in Manhatten's Tribeca area, aiming to cater to a wealthy neighbourhood, tourists and office workers. The two-level store is scheduled to open in October 2016.  ▪
Macy's offers Lenscrafter    Italian eyewear giant Luxottica signed a three-year deal to open up to 500 outlets of its Lenscrafter brand in Macy's department stores. The agreement builds on a successful relationship between the two companies. ▪
Wage increases and staff changes   Cheryl Bachelder, CEO of fast-food chain Popeyes, believes it’s time to move past the debate of minimum wage and adjust it to increased costs +++ Retail home improvement store operator Lowe's has appointed Bertram L. Scott, an executive of the health insurance industry,  to its board of directors. ▪
survey results
No time wasted    The National Retail Federation’s Consumer Holiday Spending Survey shows that 56.6% of those celebrating the holidays have already started shopping by early November, up from 54.4% last year. ▪
Double digit growth rate    According to a research report by IIM-Calcutta and Academic Foundation, India's food industry is presently valued at US$ 39.71 billion and expected to grow 11% annually to reach US$ 65.4 billion by 2018. ▪
Using social media   65% of consumers say social media is a simple platform for learning about brands, products and services, but only 32% use social media for this purpose, according to the new “Global Brand Simplicity Index” from branding firm Siegel & Gale. ▪

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