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

Hello, dear reader!
In June, Britain will decide whether to stay in or exit the EU. German Retail Blog has collected some controversial opinions about it. Undeterred by China's economic slowdown, international giants are set to stay and invest. Over in the US, office supply chain Staples still hopes for its merger deal and closes more stores. Have a productive start to the week ahead. 

ADVERTISEMENT
 

asia & Middle east
Expansion strategies in China   US retailer Walmart has signed a deal to build 8 new stores and a distribution centre in Dongguan in the Guangdong Province. German sportswear brand Adidas plans to open 3,000 new stores in the country by 2020, and South Korean tech giant Samsung will officially launch its mobile payment app this month in partnership with China UnionPay. ▪
Metro eyes Myanmar   After half a century of military rule, the country is opening up and Western companies are eager to move back to Myanmar. German retail group Metro will decide by the end of this year whether to expand there and also into post-sanctions Iran. ▪
ADVERTISEMENT
Save Your Seat at the Free Webinar: Characterization of Food by Means of Thermal Analysis
Take a look at thermoanalytical characterization possibilities for foods, being explained on examples such as oils, fats, gummy bears and chocolate. Find out about the strengths of Thermogravimetry (TGA) an Differential Scanning Calorimetry (DSC), not only employed in fields such as polymer and pharmaceutical but also when used on foods.
https://www.netzsch-thermal-analysis.com/en/events-seminars/webinars/webinar-characterization-of-food-by-means-of-thermal-analysis/
Pando invests in Israel   Chinese venture capital firm Pando Group supports a financial technology hub in Tel Aviv to create an academy for startups with an investment of US$ 2 million. Meanwhile, more wealthy Chinese are putting money into technology startups, which are increasingly seen as a safe haven in a slowing economy. ▪
europe
Resignations and restructurings   Struggling department store chain BHS plans to make more than 350 people redundant in stores and the head office. Its chief executive is determined to get the business back to success with a restructuring plan by KMPG +++ The head of Tesco’s  convenience store operations, Tony Reed, will be stepping down from the company. ▪
Jerónimo Martins thinks big    The Portuguese retail group, which reported a rise in net sales of 8.3% and a net profit of EUR 333 million (paywall), plans to invest up to EUR 600 million in 2016. Polish supermarket chain Biedronka will receive nearly half of this amount. ▪
ADVERTISEMENT
 
Discounters tweak UK wine offer   German discount giants Aldi and Lidl are ramping up their wine offerings in the UK, with Aldi adding nearly 40 wines that are exclusive to the online range and Lidl promoting its spring Wine Cellar Event with 57 new products. ▪
usa & africa
Staples shuts more stores   The office supplies retailer, which still hopes to overcome a government lawsuit blocking its takeover of rival Office Depot, plans to close 50 more stores in the US in 2016, adding to the hundreds of locations it has already closed. ▪
Targets shows initiative   The second-largest discount retailer in the US behind Walmart, is increasing its efforts to revamp its US$ 18.5 billion food business (free registration) and investigating ways to improve  customer experience. Target plans to pilot some innovations in its Californian stores. ▪
Uchumi suffers losses   The Nairobi-based supermarket company has plunged into a deeper loss. Its net sales declined 37.6%. Uchumi, which shut down stores in Uganda and Tanzania last year, also saw its assets drop. ▪
thought-provoking reads
Brexit, Boris and British companies   When it comes to whether Britain should stay in the EU or not, leading retailers such as Tesco and Sainsbury's strike a neutral tone, while Kingfisher, Asda and fired up farmers vote to remain in the EU, and a certain mayor argues fiercely against it. German Retail Blog collected opinions ahead of the referendum on June 23. ▪
Efficient robots   Tokyo-based tech company NEC is experimenting with robots to recognise return customers and suggest new products. Meanwhile, at hotel near Nagasaki, an automated velociraptor helps with check-ins and carries the luggage. ▪

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