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

Greetings!
News about a possible ban of multi-buy deals in Great Britain have been taken up across several media. Now, the national authority put out a statement denying those reports. Find out more about this, lots of results, thought-provoking weekend reads and more in today's issue. Have a fantastic weekend!

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asia & australia
David Jones aspires to go upmarket   The Australian department store plans to 'revolutionise' grocery shopping in the country. Despite a fall in its operating profit, David Jones' performance is well above its new owner's expectations. It was bought in 2014 by South African Woolworths, which took control over the companzy in August last year and reports a slowing growth in its home market. ▪
Amazon buys into publishing   The American online giant further fosters its presence in India by acquiring a 26% stake in Tata Group's publishing house Westland with the option to acquire the rest of the stake in the future. ▪
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Coke dries up   The US beverage giant's bottler Hindustan Coca-Cola Beverages has ceased manufacturing operations in three of its Indian plants. ▪
europe
The deal remains on   Rumours had it that grocers in Britain were facing an imminent ban of 'buy-one-get-one-free'. Now, the Competition and Markets authority has rectified such speculation. However, Sainsbury's reportedly will be phasing out multi-buy promotions as such deals don’t meet their customers' "shopping needs". ▪
Disappointing and solid results   German retailer Metro Group reported worse-than-expected Q1 results, which it attributed to exchange rate developments, particularly the Russian rouble. Sales declined by 1.3% to EUR 17.1 billion +++ First half results for French distilled beverage producer Pernod Ricard show a 3% organic sales growth in the six months to the end of 2015 with sales totalling EUR 4.96 billion. ▪
Shifting chairs   Lidl Sweden has appointed Johannes Fieber as new CEO with his predecessor Conor Boyle moving on to a role at Lidl Northern Ireland +++ In the US, Toys 'R' Us has promoted its senior VP of store operations Joe Venezia to a newly elevated global leadership role. ▪
USA
Kroger wishes to buy premium   The largest grocer in the US is reportedly seeking to acquire gourmet supermarket chain The Fresh Market. Shares of the high end retailer soared after the news became known to the public.  ▪
eBay to become 'a retailer'   The e-commerce company is challenging Amazon by changing its strategy to 'thinking more like a retailer instead of a technology site'. ▪
Crunching numbers   Thanks to steep cost-cutting, cereal maker Kellogg's struggling US business showed improvement in the fourth quarter +++ PepsiCo could report better-than-expected quarterly net revenue thanks to higher sales of snacks and non-fizzy beverages in North America. ▪
Weekend reads
Easy-peasy food shopping?   German Retail Blog explores whether a concept such as easyFoodstore could torpedo Aldi and Lidl below the waterline as they increasingly transform themselves into supermarkets. ▪
Ethical shopping   A recent report takes a look at the most and least ethical supermarkets in the UK +++ InsideRetail Asia raises the question whether 'mystery shopping' is ethically defensible or even legal. ▪
Dear(er) sweets   The impact of a sugar tax is controversial, but we will most likely not have heard the last of it this year. ▪

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