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

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Food giants hit the headlines - chocolate maker Mars recalls its Snicker bars in 55 countries, yoghurt producer Danone reports a profit boost and Swiss major Nestlé shows interest in a health startup. Over in the US, Aldi announced opening dates in the highly competitive Californian market and Whole Foods buddies up with a delivery firm. Enjoy the read and please share - RetailUpdate remains FREE.


asia & south pacific
Australian announcements   Department store operator Myer partners with global online marketplace Ebay to attract overseas customers +++ Despite stiff competition in the supermarket sector, Wesfarmers, which owns Coles, has unveiled a profit jump thanks to its dominant hardware business Bunnings. ▪
Korean struggles   Suffering from dull domestic consumption, the country's department store operators, amongst them Lotte and Shinsegae, are targeting rich Chinese travellers with promotional events. Sales to Chinese customers are on the rise in Korea. ▪
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Expectations in China   Consumption in the country grows at a rapid pace, according to the Chinese ministry of commerce, which will continue to promote reforms to enhance the quality of products +++ In an attempt to crack the market, Apple Pay is charging Chinese banks around 50% less than it charges US banks.  ▪
europe
Massive recall by Mars   After a consumer found a piece of plastic in a Snickers bar in Germany, US chocolate maker Mars takes back millions of candy bars in 55 countries. The products were manufactured in a Dutch factory and sold throughout Europe and Asia. The recall does not extend to the US. ▪
Nestlé keen on health   The Swiss food maker has bought a US$ 43 million stake in health startup Pronutria Biosciences, a developer of proteins. The company's legal battle over coffee pod patents continues with the Ethical Coffee Co. hanging on to its claims.  ▪
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Danone improves profitability   The French yogurt maker, which revealed investments in Africa last week, says its net profit rose last year and it forecasts an improved profitability in 2016 as its fresh-dairy business recovers in Europe. ▪
Changes at the top  The Southern Co-operative has announced Simon Eastwood as Chief Operating Officer of Food Retail +++ Home shopping company Findel has appointed former Home Retail Group executive Gregor Ball as an independent non-executive director.  ▪
 usa
Aldi reveals opening dates   The German discount giant will make its long-awaited California debut on March 24, with the opening of eight stores. In all, Aldi plans to open approximately 45 stores in Southern California by the end of 2016.  ▪
Amazon launches fashion   Last week it was mere speculation, this week it is a fact - the online behemoth is venturing into fashion and has reportedly launched seven private label fashion brands and up to 1,800 new products ranging from men's suits to children's clothing. ▪
Whole Foods partners with Instacart   The grocery chain known for its natural and organic products has agreed to a five-year deal, making startup company Instacart the only delivery firm for Whole Foods. The pact could affect Google’s delivery business. ▪
Expansion plans  Macy's financial performance beat analyst forecasts. The department store operator is now set to expand its off-price Macy’s Backstage format. Meanwhile, footwear retailer DSW announced the opening of 14 new stores nationwide this spring. ▪
 insider insights
What is killing Walmart   The rise of online shopping has bruised Walmart's dominance in the retail industry. But the retail giant is not only struggling with e-commerce, it is also challenged when it comes to improving customer service. ▪
Wearables on the rise   The worldwide market for wearable computing devices saw a huge expansion in the last quarter of 2015 with vendors shipping more than 27 million units, and this solid growth will continue, according to research group IDC. ▪

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