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Retail Update - powered by LebensmittelZeitung

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German carmaker BMW seizes online opportunities and has launched a service that allows customers to buy a car in less than 10 minutes. Down Under, a fight over biscuit prices challenges the relationship between a major retailer and its US supplier. Enjoy the read and share this email with your friends. They can sign up for free, see below.

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asia & south pacific
Battle over biscuits   Australians were on the brink of missing out on popular biscuit Tim Tam due to a stoush over prices between manufacturer Arnotts, owned by Campbell Soup, and supermarket operator Coles. The dispute is now resolved, but there are casualties. ▪
More Australian challenges   Algy Pereira, a top executive at discounter Big W, has quit the company and is said to be a candidate for electronics chain Dick Smith +++ Vitamins maker Blackmores is trying to tackle a massive appetite in Australia and Asia. Booming sales have given the company a market value of an estimated AU$ 3 billion. ▪
Korean decisions   Tech giant Samsung has named Dongjin Koh as president of the mobile communications business. Meanwhile, South Korea's financial regulator has given preliminary approval to set up the country's first online-only banks. ▪
Sonae launches in the Philippines  The Portuguese multi-brand retailer continues to expand its international network by opening its first two Zippy stores in the Philippines and plans to add around 24 stores over the next five years.  ▪
 europe
Casino and Dia team up   The French and the Spanish retailer have entered in an alliance to acquire products for most of their own private labels. The companies are worth EUR 59 billion in purchases. The new joint venture will be called ICDC Services. ▪
Sparkling competition   Aldi UK might offer the best private label sparkling wine buy for Christmas, but competitor  Marks & Spencer has won 58 medals at the International Wine challenge. Meanwhile in the the softdrink sector, Coca Cola France has hired former Unilever France executive Alexandre Gonin to be its director of sales for hypermarkets and supermarkets. ▪
Online options for drivers   The German carmaker BMW has launched a new 24-7 service that will allow customers to purchase a car in less than 10 minutes.  ‘BMW Retail Online’ is an end-to-end service enabling prospective customers to build their ideal car, agree financing options and a lot more. ▪
usa & canada
Partnerships to serve the customer     Online retail platform Ebay partners with solution provider OpenSpan to help its retail users directly serve the needs of customers. Big-box retailer JC Penney is testing Apple Pay support for its store cards. Over in California, 7-Eleven is teaming up with San Francisco start-up Tapingo to launch an on-demand delivery service at select colleges. ▪
Nordstrom Rack grows   The off-price division of upscale fashion retailer Nordstrom continues its expansion, announcing two new upcoming locations, in Chicago and Florida. ▪
Whole Foods needs a billion   The Texas-based retailer has doubled the size of its planned debt sale to US$ 1 billion and says it will use the proceeds for general corporate purposes including a previously disclosed authorisation to repurchase up to US$ 1 billion in its stock. ▪
Latin America & africa
Worries in Brazil   Recession in Latin America's largest economy deepened in the third quarter, with a 4.5% fall of gross domestic product. Undeterred by the decline, Israel-based mall operator Gazit-Globe bought a 4.3% stake in Shopping Eldorado, Sao Paulo, it's third investment in the country. ▪
Beer business sorted out   The Dutch beer giant Heineken and British liquor group Diageo have completed the restructuring of their businesses in South Africa and Namibia. ▪

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