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

Hello, dear reader!
India attracts big players - Walmart is set to invest millions in the country and Amazon expands its presence by acquiring a payment firm. Over in the US, Albertsons is taking over stores and new delivery concepts are tested. In Europe, some companies enjoy bumper results. Enjoy the read and share it with your colleagues. Subscription to RetailUpdate is FREE.


asia & south pacific
Gearing up in India   US retailer Walmart plans to open 19 more stores in the country by 2020, develop its supply chain networks and invest up to US$ 300 million. The company's technology centre in Bengaluru is also expanding its role and headcount +++ Meanwhile, e-commerce giant Amazon has just acquired Noida-based online payment firm Emvantage to foster its presence in the Indian market. ▪
Returning to growth   Coca-Cola Amatil, one of the largest bottlers in the Asia-Pacific region, has posted a profit growth for the first time in three years +++ Consumer products company Pacific Brands has also found its way into the black numbers and Domino's sees a strong sales growth across its businesses Down Under. ▪
ADVERTISEMENT
Consumers want naturalness and clear information
An independent consumer study shows: consumers wish for natural food and drink with easy to understand ingredient information, especially when it comes to colour.
Find out how food and drink manufacturers can meet today's consumer demands.
Apple Pay starts in China   The mobile payment system of the US technology giant will be available from tomorrow for Industrial and Commercial Bank of China customers. China will be the fifth country which offers Apple Pay. ▪
europe
Tesco challenged in Hungary   The entire online division of the UK grocer's Hungary unit has threatened to go on strike in March if the workers do not get pay raises. Over in Britain, Tesco is pleasing dairy farmers by announcing the extension of its winter supplement payment. ▪
Enjoying healthy results    Thanks to a "renewed multichannel proposal" Spanish supermarket chain Eroski saw its online sales grow by 12% in 2015. The company has launched a new shopping app to speed up weekly shopping +++ British consumer goods company Reckett Benckiser also reports a healthy and better-than-expected fourth quarter growth. ▪
ADVERTISEMENT
 
Pharmacy partners in Russia   X5 Retail Group, the second largest retailer in Russia, has reportedly signed a new partnership with the Aloe pharmacy chain. The deal envisages the opening of at least 330 such pharmacies in the group's Pyaterochka outlets. ▪
usa & canada
Albertsons acquires small chain   The US grocery company has agreed to purchase seven Paul’s Market stores in Idaho. It will close three of the stores and rebrand four under the Albertsons banner. The deal is expected to close in April. ▪
Picking up groceries   Search and discovery app Foursquare is partnering with Delivery.com to enable users to order groceries directly through its mobile app. The company is the latest to join the increasingly crowded on-demand delivery market, in which consumers are becoming more demanding, according to a new study. ▪
Nordstrom expands northwards   The upscale fashion retailer announced that its Nordstrom Rack off-price division, which sells clothing, shoes and accessories at 30 to 70% off, will open its first Canadian location, in Toronto, in 2018. ▪
africa
Mondi performs perfect   South Africa-based packaging giant Mondi has upgraded its profits forecast for 2015, backed by a strong performance in its packaging divisions. The company employs around 25,000 people across more than 30 countries and was one of the best performing companies in 2014. ▪
Woolworths targets high earners   The grocer and clothing retailer, headquartered in Cape Town, thinks that the food offer at its Australian department store company David Jones is not good enough and is set to improve the food range to appeal to higher earners. ▪

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