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

Hello, dear reader!
Online giants Alibaba and Amazon never cease to surprise, both reported better-than-expected results and remain every retailer's nightmare. The delivery market place in the US gets more innovative and aggressive. In Europe, deals and partnerships are negotiated and new rules proposed to stop tax loopholes. Enjoy the read and have a great weekend.

ADVERTISEMENT
 

asia & australia
Alibaba beats the odds   Strong holiday sales helped the e-commerce giant to a 32% rise in third-quarter revenue, but it was not immune to China's slowdown. In other news, Alibaba has reportedly reached an agreement to sell its stake in online movie ticketing service Meituan-Dianping for US 900 million. ▪
Expansions in and to India   China's biggest telecom devices company Huawei eyes the fast-growing Indian mobile handset market and plans to have a manufacturing presence in the country +++ Indian online retailer Big Basket is set to get even bigger by expanding its fresh produce categories. ▪
ADVERTISEMENT
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.
http://www.mm-karton.com/en/products/foodboardTM.html
Australian announcements   Produce company Costa Group has finalised the documentation with California-based berry supplier Driscoll's to operate a production in China +++ Retail giant Woolworths was fined AU$ 11 million for abandoning its lease over a Masters store, which is just  another nail in the coffin of the company's disastrous foray into the home improvement sector. ▪
 europe
Aldi crosses the Alps   More details have emerged as to how Germany's most profitable discounter intends to conquer Italy. Its country manager reportedly negotiated to purchase a distribution centre in Friuli. German Retail Blog takes a look at the Italian discount market, where Aldi’s archrival Lidl is the leading gladiator. ▪
Logistics and dairy deals   French hypermarket giant Auchan has signed a remuneration deal with private label milk suppliers to obtain better terms and conditions for manufacturers, while British supermarket operator Iceland has entered into a three-year agreement with logistics solutions provider Chep to boost its supply chain efficiencies. ▪
ADVERTISEMENT
 
H&M focuses on new markets   The Swedish fashion retailer reports a rise in sales but a drop in profit due to heavy discounts and a strong dollar. H&M is set to expand into three new countries, New Zealand, Cyprus and Puerto Rico, and boost its online business. ▪
usa & canada
Amazon reports top results    The online powerhouse surpassed annual sales of US$ 100 billion for the first time and reported the largest quarterly profit in its 19-year history as a public company. Over in Canada, Amazon expands its offerings and now sells scientific and industrial supplies. ▪
More offers for online deliveries    Grocery retailer Kroger has launched a new home delivery service outside its home market with Grocery Runners, and ride-sharing service Uber has increased its UberRush same-day delivery service from New York to San Francisco and Chicago. ▪
Quiksilver emerges    After months of arguing the action sports retailer, which runs nearly 1,000 stores, and its creditors have come to an agreement, and the bankruptcy will be settled. Quiksilver USA is the only part of the company affected, since its Asia/Pacific and European branches are separate companies. ▪
developments to watch
Closing loopholes   The European Commission is pushing for new rules to reduce tax avoidance and has proposed a set of measures to tackle some of the most common tax-dodging loopholes used by multinational companies to reduce their tax bills. ▪
Sugar tax against obesity   A report commissioned by the World Health Organisation backs a sugar tax, mandatory nutrient labelling and restrictions on marketing to children in a bid to tackle the child obesity epidemic around the world. ▪

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