Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 25 April 2016

Hello, dear reader!
The bidding war for electronics retailer Darty is far from over with the stakes having been raised again. An iconic British department store is on the brink of collapsing and Premier Foods has developed an appetite for Japanese noodles. Over in the US, some interesting management decisions have been made. Enjoy the read, share the news and have a good start to the new week.


asia & Australasia
Profitable partnerships   British food manufacturer Premier Foods has struck an agreement with Japanese noodle-maker Nissin Foods, allowing the latter to have representation on its board +++ Chinese smartphone giant Xiaomi teamed up with China Unionpay to roll out its mobile payment service on the mainland. ▪
Peppertap axes jobs   The Snapdeal-backed online grocer has decided to shut down its cash-burning grocery delivery operations and instead focus on expanding its logistics business. The decision to shut operations will result in about 150 job losses. ▪
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Zespri expands in China   The New Zealand-based kiwifruit exporter will sell six million more trays this season in China and also announced plans to open new offices in Chengdu, Guangzhou and Xi’an. The company expects the country to overtake Japan as its largest market by volume. ▪
europe
Takeovers and tie-ups   A day after a frantic bidding war with French rival Fnac for Darty, Steinhoff International has increased its stake in the electronics retailer  +++ Walmart-owned supermarket chain Asda has signed an agreement with sports brand Umbro to sell their product lines in its supermarkets and online. ▪
BHS faces collapse   Almost 11,000 high street jobs are at risk at the struggling department store chain, which might fall into administration today unless a last-minute rescue deal can be agreed. The breakdown of BHS will be the biggest failure on the high street since 2008.  ▪
Italian initiatives   Coop and Carrefour Italia are set to support Italy’s struggling dairy sector by promoting the consumption of milk from local producers +++ In a bid to protect traditional grocery stores, retail consortium Coralis Group has introduced a local store format called Lalimentari Italiano. ▪
usA
Staples adds board members   The Massachussetts-based office supply chain appointed three individuals to its board of directors. The nominations come as Staples hopes to prevail in a dispute with the Federal Trade Commission to acquire Office Depot. ▪
Aeropostale files for bankruptcy   The teen-clothing retail chain that has suffered years of losses, is preparing to file for bankruptcy as soon as this month and looking to reorganize under Chapter 11. The company has been delisted by the New York Stock Exchange on Friday. ▪
Macy's commits to solar power   The Ohio-based department store has given an update on its ongoing solar power deployments while celebrating its 10-year partnership with Sunpower Corp., whose solar power systems are installed at or planned for 71 Macy's and Bloomingdale's locations. ▪
africa
Growth potential in Kenya and overseas   China's leading mobile browser UC Browser, owned by Alibaba, has launched in the East African country, while Kenyan tech startup Ongair has announced the opening of its Southeast Asia headquarters in Hong Kong. ▪
Profit jump for Clicks   The South African retailer reported a double-digit rise in half-year profit and claimed that aggressive sales promotions have helped drive foot traffic to the cosmetics, pharmaceuticals and electronics chain. ▪
Guinness struggles in Nigeria   The country’s second-biggest brewer and local unit of British beverage multi Diageo said profit fell 83% in the nine months through to the end of March. Africa’s largest economy Nigeria has been hammered by falling oil prices. ▪

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