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

Hello, dear reader!
Global brands, including Coca Cola and Sony, are committed to cutting carbon emissions. UK retailer Tesco reports a fall in plastic bag use and in the US, organic is the fastest growing sector. The environment matters in the retail world, which is a good thing, isn't it? Enjoy your Wednesday read and share the news. Subscription is still FREE.

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asia & Australia
Dutch giant opens in Azerbaijan   Spar International has announced the opening of its first outlet in Baku, the country’s capital, with local partner Araz, which already operates neighbourhood stores, convenience stores and supermarkets. ▪
Chinese partnerships   Alibaba competitor JD.com is teaming up with leading Chinese supermarket chain Yonghui to offer shoppers a grocery delivery service within two hours +++ Search giant Yahoo will reportedly not sell its stake in Alibaba but considers the sale of its core internet business. ▪
Myntra goes offline   The Indian-based mobile application fashion retailer will launch offline experience zones in the near future, joining e-commerce companies such as its parent company Flipkart, Pepperfry and Firstcry. ▪
Aldi reassures suppliers  The German discounter and rival Woolworths have stepped up to concerns raised by the Australian Competition and Consumer Commission (ACCC), reassuring suppliers that they have the right to negotiate the terms of their grocery supply agreements. ▪
 europe
Tesco faces more trouble   It came as a surprise to Britain's largest supermarket that Jill Easterbrook, head of transformation and a 15-year veteran, has announced her departure. Meanwhile, Tesco's garden centre chain, Dobbies, increased sales by 8%, but slid into the red after writing down the value of its stores. ▪
Store debuts in Britain   Scandinavian stationery retailer Kikki.K will reportedly use its new Covent Garden pop-up store, created by Dalziel & Pow, as template for its international expansion (paywall) plans +++ Coffee chain Costa has launched a new food-led concept store in central London, which might be rolled out across the country. ▪
Zara invests in service    Inditex, parent company of the fashion retailer, plans to install iPads in the fitting rooms of one of Zara’s larger Spanish stores to help customers select colours and sizes by scanning the barcodes without leaving the cubicle. ▪
usa & canada
Home Depot aims high   The home-improvement chain unveiled new long-term financial targets and said that it is aiming for sales of about US$ 101 billion, a 14.5% operating margin and a 35% return on invested capital in 2018. ▪
Coke appoints US bosses   The Atlanta-based softdrink producer has named Hendrik Steckhan as president of its US operations as well as Stuart Kronauge and Ivan Pollard as co-heads of US. Steckhan has been managing Coca-Cola's German business. ▪
Pep Boys needs new owner   Uncertainty looms over who will acquire the troubled auto-supplier and servicer, which has agreed to be purchased by Japanese tire company Bridgestone, but now considers a counterbid from investor Carl Icahn. ▪
environment matters
Cutting carbon emission   Kellogg, Sony, Coca-Cola and other global players are committed to reducing their carbon emissions. The initiative was announced during the climate summit in Paris. Over in Britain, supermarket operator Morrisons has a similar goal and signed a partnership with fleet management Microlise. ▪
Reducing plastic bag use   The number of plastic carrier bags taken home by Tesco shoppers in England has dropped by nearly 80% since a charge was introduced. Online shoppers are also opting to cut down on plastic by choosing ‘bagless’ deliveries ▪
Organic on the rise   With today’s increasingly wellness-engaged consumers, organic is the fastest-growing sector of the US food industry. Sales in 2015 are expected to top US$ 45 billion. Supermarket News shares some insights. ▪

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