In the global milk market crisis, now New Zealand farmers are facing tough times as the world's biggest dairy exporter cuts its milk price forecast. In other news, Walmart raises the pay for over 1 million employees, J.C. Penney does not plan any further major store closures and Lindt & Sprüngli has great expansion plans. Enjoy the read!
Asia & Australasia
Alibaba gambles In a deal valued at US$ 308 million, the Chinese powerhouse is acquiring a 60% stake in Hong-Kong listed lottery firm AGTech, as the online lottery sales ban is poised to be lifted.
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.
Sweet ambitions After record results in 2015, Swiss Chocolatier Lindt & Sprüngli is aiming to run the world’s biggest network of premium chocolate shops by 2020, outstripping Godiva. Its expansion plans include opening another 20 to 30 shops each year.
J.C. Penney's reinvention No more major store closures are planned by the department store chain. According to its CEO, the company sees its brick-and-mortar stores as an integral part of its omnichannel strategy.
Home Depot settles lawsuit The home improvement retailer agreed to pay at least US$ 19.5 million to reimburse US consumers affected by a 2014 data breach affecting more than 50 million cardholders. A US$ 13 million fund will reimburse affected shoppers, while a further US$ 6.5 million will fund cardholder identity protection services.
Virtual reality 'VR' is one of the catchphrases when it comes to trends in retail. J.C. Penney, Lowe's and McDonald's are to be found among the list of trendsetters. A recent job advertisement by Amazon hints towards the company's creation of a new virtual reality platform.
Tracking shoppers Spanish start-up Proximus has developed sensors which once installed in shopping carts and baskets, emit a short-wave signal via Bluetooth to a set of receivers located in the ceiling. The information is then sent to a cloud server and a map of shopper behaviour in supermarkets is created.