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

Hello, dear reader!
The dust has settled from Black Friday and the Christmas season has kicked off. The shopping crowds were thinner, which can be attributed to the online alternatives. Walmart and Best Buy had some hiccups with their websites. UK retailers are delighted that the day progressed drama-free. Read about their achievements and don't forget to share the news. RetailUpdate subscripton remains free. 

ADVERTISEMENT
 

asia & south pacific
Australian deals and ordeals   Infant formula maker Bellamy's has signed a deal with Fonterra Australia to produce a range of new baby nutritional powders +++ Supermarket wholesaler Metcash has suffered a 12.7% slump in underlying earnings as the food and grocery price war continues in Australia. ▪
Tax on sugar drinks   Indonesia is exploring a tax on drinks with added sugar, which add to the worries for beverage companies including Coca-Cola Amatil, which are already confronted with a slowdown in the country. ▪
Ikea expands in Thailand    After the opening of its first pick-up and ordering point in Thailand last week, the Swedish furniture retailer has set its sights on having three large-format stores in Bangkok. The company is also looking for business partners in Vietnam and the Philippines. ▪
europe
Peroni and Grolsch for sale   In a bid to ease European regulatory concerns over its pending acquisition of SABMiller, Belgium-based AB InBev is considering to put beer brands Peroni and Grolsch up for sale. According to analysts the new brewing giant will probably replace Nestlé as the main European target for investors. ▪
Carrefour increases network   The French retailer plans to establish a new distribution centre in Romania as it ramps up its logistics network across Europe. The company has finally received approval from the European Commission to acquire online retailer Rue Du Commerce. Carrefour is also part of a newly created a convenience supermarket lobby group in France.  ▪
Italian intensions   Milan-based supermarket chain Coop has opened a digital store, featuring technological innovations unveiled at the 2015 Milan Expo. While consumer confidence has hit an all-time high, Italy will invest EUR 60 million to promote original Italian food products in the US, Canada and Mexico. ▪
 africa
Choppies opens more stores   The Zimbabwean operation of Botswana-based multinational grocery retailer Choppies has invested US$ 60 million to expand and open four more stores in the country by the end of the year. So far the group has set up 25 stores countrywide with six in Harare. ▪
Quantum pays divided   The poultry business, which was spun off from consumer brand Pioneer Foods, has declared a maiden dividend while reporting an operating profit up more than fivefold for the year to end-September. The company is now the biggest contract chicken grower in South Africa. ▪
Nasper to raise billions    Cape Town-based media company Naspers, a US$ 60-billion internet powerhouse focusing on e-commerce in emerging markets, looks to continue its expansion by raising US$ 2.5 billion to invest in online retail. The company also reported a revenue growth. ▪
Black Friday outcomes
Thinner crowds at the stores   Sales at retail stores on Black Friday fell 10% to US$ 10.4 billion this year, down from US$ 11.6 billion in 2014, according to research firm ShopperTrak. In the UK, web traffic was up 16% on last year while footfall slumped 8% (paywall). Britain's major retailers remain committed to the discount day, which has unfolded without the mayhem that characterized the event last year.   ▪
Online woes for big box retailer   The website of Walmart was overloaded with demand during the Thanksgiving rush and slowed the checkout time for online shoppers. A malfunction at Best Buy Canada's website let consumers to complain because they could not make purchases. ▪

 


If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive