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

Hello, dear reader!
Exciting store formats are being launched in the United States. One of them is Ikea's most sustainable outlet to date in Halifax and another one is an innovative campus supermarket, which will "make shopping a pleasure". Consumers in Britain might also be pleased by the announcement of Asda & Co. to cut the fuel prices. Have a great start to the week and don't forget to share our newsletter with your colleagues.


asia & australasia
Dick Smith cuts stores and staff   The ailing retailer will close down 27 of its stores as it looks for a buyer. The move will put 181 employees out of work. Here is what insiders think about the decline of the electronics chain, which runs nearly 400 stores in New Zealand and Australia. ▪
Chinese manufacturers sparkle   The country’s leading home appliance maker Haier said its profit jumped 20% to US$ 2.7 billion in 2015, despite falling global sales +++ Smartphone maker Xiaomi aims to sell double the number of handsets offline in China and ramp up sales through retailers. ▪
FOODBOARD™ – Cartonboard with functional barrier for sustainable and safe food packaging
With FOODBOARD™, Mayr-Melnhof Karton has developed the next generation of cartonboard which ensures highest product safety: FOODBOARD™ shields packed food against the migration of defined unintended substances such as mineral oils, phthalates, DIPN and bisphenol A and provides protection against cross-contamination during transport, storage and at the point of sale.
Modernising Myanmar   Payments company 2C2P of Singapore has introduced the first co-branded debit card in Myanmar so its citizens can shop with international merchants. Meanwhile, the European Union-funded Smart Myanmar gives the country's garment sector a boost. ▪
Lidl supports Gaelic football   The German discount powerhouse, which has just detailed its US-expansion plans (paywall) and guidelines for potential suppliers in a new website, has announced plans to invest EUR 1.5 million in the Ladies Gaelic Football Association in a bid to become the biggest supporter of women’s sport in Ireland. ▪
Amazon builds its empire outside US   The US online heavyweight plans to create several thousand jobs in Europe, more than 2,500 of which will be in Britain to focus on its grocery delivery services. Its Polish unit (paywall) is going to offer over 1,000 new positions in the country. Amazon is also determined to get a huge share of the Indian retail market. ▪
Slashing fuel prices   British supermarket operators Asda, Tesco and Morrisons are the first retailers to cut the price of diesel in response to the slump in global oil prices. Fuel price campaigners believe motorists are being denied even larger savings. ▪
usa & canada
Innovative store concepts   Swedish furniture icon Ikea will build its most sustainable store to date in Halifax. It will feature a special focus on energy efficiency and waste management +++ Supermarket operator Publix is determined to "make shopping a pleasure” when it opens a new small-format store on a university campus in Florida. ▪
Another CEO for Radioshack   The consumer electronics chain has lost its top boss after he served only nine months on the job. Ron Garriques has stepped down and the company's CFO, Gordon Briscoe, will serve as interim CEO until a replacement is found. ▪
Gap goes green   The San Francisco-based clothing chain is one of the first major retailers to commit to cutting its absolute greenhouse gas emissions after the landmark climate change agreement in Paris. Gap wants to halve emissions at its stores, offices and distribution facilities around the world. ▪
Solid growth with the right ads   South African pharmacy retailer Clicks reported a 12.2% growth in turnover, largely driven by promotional activity. Meanwhile, the country's second largest grocery chain Pick n Pay is looking for a new advertising agency after a 48 year relationship with Young & Rubicam. ▪
Hellofood partners in Nairobi   KFC Kenya and sea food restaurant Ocean Basket have teamed up with the online food delivery service to sell food across the country's capital. The robust online market in Kenya is fuelled by a young tech-savvy generation and a rapidly ballooning middle class. ▪

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