Hello, dear reader!
Sales are up for international giants Ikea, Zara, Hudson's Bay and online retailer Ocado. The Australian boss of South Africa's Edcon is set to bring back the sparkle to the ailing fashion retailer. Meanwhile, Esprit is about to re-enter the Canadian market and dairy product Kerrygold gets packed in Nigeria. Enjoy your Friday read and have a peaceful weekend.
asia & Australia
KFC expands to Tibet The American fast-food chain will open the first KFC restaurant in the Tibetan capital, Lhasa, in early 2016. The move comes as parent company Yum Brands prepares to spin off its business in China.
IFE China International Food Expo
As the most accredited platform beneficial for trade and business, IFE China attracted 1378 exhibiting companies and 50,000 buyers join together IFE 2015. IFE China concentrates on importing foods into China, which provide professional, efficient, economical service, providing a platform for the exporters to show their company and food product. For more details:
Chinese consumers optimistic More than 60% of Chinese consumers are optimistic about economic prospects next year and said that they are willing to spend more according to a survey by brokerage and investment group CLSA.
Ocado mulls over physical store Despite strong competition, the British online grocer has recorded another year of sales growth. However, analysts claim that Ocado struggles to establish a dominant delivery presence. The e-tailer has also hinted at a move into bricks and mortar (paywall).
Albert Heijn bundles delivery The Dutch retailer, part of the Ahold group, trials a new delivery initiative called 'AH Bezorgbundel', which translates 'AH Delivery Bundle'. It offers unlimited free delivery for three months for a subscription fee of EUR 29.
usa & canada
Walmart stirs up competition The big box retailer takes on Apple, Samsung and others by launching its own unique mobile payment solution, branded as Walmart Pay. It also plans to hire a former Target marketing guru, after its own marketing head, Stephen Quinn, will retire early next year.
German dairy giant leaves US The joint venture between Pepsico and Germany's Theo Muller Group, which started in 2013, has come to an end. Both companies agreed to close their production plant in upstate New York. National milk marketing cooperative Dairy Farmers of America has agreed to buy it.
Kerrygold packs in Nigeria Dairy co-op Ornua, previously known as the Irish Dairy Board, plans to grow the Kerrygold brand in the African country and has opened a packing-site in Lagos. The site will provide a new route to market for Irish powdered milk.
Set to bring back the glow Edcon's new CEO Bernie Brookes, who joined the ailing Johannesburg-based fashion retailer from Australian department store Myer, is determined to return the business back to its former glory, but admits it will have a more "difficult Christmas" than competitors.