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

Hello, subscribers!
Woolworths has lost the coveted title of Australia’s most valuable brand; In the UK, Waitrose will no longer sell factory-farmed milk, and in the US, Kroger launches its brand-new Main & Vine store. Also, can retailers actually learn something from Uber? Enjoy the read, and please remember to share.

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asia & australasia
Ups & downs in Asia   Despite soaring profits in the nine months to December, Panasonics has cut its revenue forecast by almost 6%. The Japan-based electronics giant blames a slowdown in China and other emerging economies +++ Meanwhile, Yum Brands has reported mixed quarterly results for its China unit. ▪
Developments Down Under   According to new Brand Finance Global 500 rankings, Woolworths has been replaced by telecommunications company Telstra as Australia’s most valuable brand +++ Briscoe Group, who failed to takeover Kathmandu Holdings last year, predicts its full-year profit will be AUS$ 46.5 million, an increase on 2015. ▪
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Junglee.com ready to go   The Amazon-owned site enabling merchants to sell used goods online plans to officially launch its service  in India within a few weeks. Junglee.com has trialled the service since July 2015. ▪
europe
Merger talks   Dutch retailer Ahold and Belgium’s Delhaize have called Extraordinary General Meetings to vote on their merger first proposed in 2015.  If all goes well, the transaction should be complete by mid-2016 +++ In a deal valued at about EUR 750 million, Italian multinational Lavazza is on the verge of purchasing Carte Noire. The deal will make Lavazza France’s largest coffee company. ▪
Sunday trading laws relaxed   In a move designed to help struggling high street retailers, councils in England and Wales have been given permission to relax Sunday trading laws +++ Meanwhile, British high street retail chain Wilko is determined to cut overtime payments for employees working on Sundays and bank holidays. ▪
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Waitrose drops factory-farmed milk   From now on, the British supermarket chain will only supply milk from cows that graze outdoors for at least 100 days per year. This comes following pressure from animal rights groups. ▪
usa & canada
Lowe’s purchases Rona   The US home improvement chain has finally purchased the Canadian chain in a deal valued at about US$ 2.3 billion, a sum considerably higher than the US$ 1.75 billion first offered in 2012. ▪
Retail expansions   On Wednesday, Kroger launched its Main & Vine store. The store features 300 bulk food choices as well as fresh prepared items such as pizza and salads +++ In other news, Walmart will extend its online grocery pick-up service in Canada  from 11 to 23 stores. The pick-up service should be rolled out fully by February 3. ▪
Appointments & resignations   Albertsons has appointed Tamara Pattison as SVP of digital marketing and e-commerce. Ms Pattison was previously VP of digital, loyalty and customer analytics +++ Supervalu has appointed Mark Gross as President and CEO. Mr Gross replaces the retiring Sam Duncan +++ Genesco is looking for a new president due to long-time VP and President Ken Kocher’s resignation. Mr Kocher will stay on for six months as a consultant. ▪
developments to watch
Consumers demand control   Consumers want more control over their shopping environment, according to a study from market research firm Technavio. And this desire is the driver behind the growth of a particular technology category: self-service kiosks. ▪
Retailers can learn from Uber   Uber is the world’s largest taxi company, yet it doesn’t own a single taxi. This article examines how retailers can learn from the US trail blazer’s approach of disruption and smart collaboration. ▪

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