Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 26 April 2016

Yesterday's prediction of an imminent administration of BHS has proven to be true, Target has trialled a new fruit and veg price labelling system, and Mondelez has launched its largest plant in the Asia-Pacific region to date. Find out about these stories and more, including German Retail Blog's not-to-be missed look at the big spendings of Lidl-operator Schwarz Gruppe.

Asia & pacific
Region on a rise   The total mobile online retail transaction volume in China is expected to more than triple to US$ 308 billion this year. A list, which is part of JLL's Destination Retail report and identifies the top cities worldwide that offer the top growth prospects for retailers’ expansion plans, is dominated by cities in the Asia Pacific region. ▪
Mondelez produces full-scale   The maker of Cadbury chocolates and Oreo biscuits has started production at its largest plant in the Asia-Pacific region. The Illinois-based conglomerate invested US$ 190 million in the factory in Sri City, Andhra Pradesh. ▪
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Rocket Internet sells another business   Following reports that the startup studio was trying to shed more businesses, the Thai and Vietnam businesses of its fashion site Zalora are being acquired by Thai Central Group, one of the largest retail players in the Southeast Asian region. ▪
Ardagh 'can' acquire plants   The Luxembourg-based metal and glass packaging group becomes the world’s third largest beverage can manufacturer thanks to a US$ 3.42 billion deal with US packaging group Ball and UK peer Rexam. ▪
Tense times   As expected, UK high street retailer BHS collapses into administration +++ In Ireland, Tesco is being accused of fraudulent concealment by former supplier Beaumex. Hundreds of jobs are at risk, if the retailer sells its garden chain Dobbies to Terra Firma-owned Wyevale Garden Centres.  ▪
Forking out or saving up  While Waitrose's ex-boss Lord Price got a golden handshake worth GBP 1.9 billion from the employee-owned John Lewis Partnership, Co-op chairman Allan Leighton seeks support to cut the CEO's base salary from GBP 1.25 million to 750,000 +++ With investments reaching EUR 5 billion last year, spendings of German retailer Schwarz-Gruppe (Schwarz Group) have reached record levels. German Retail Blog takes a closer look at Europe's Mr Big Spender. ▪
Marketing on social media   Home improvement chain Lowe’s is targeting new home owners entering a partnership with Snapchat and Facebook to launch a social media campaign. Mother's Day is the occasion for department store chain J.C. Penney to team up with Pinterest. ▪
Not as fresh but cheaper   In a SuperTarget store in Minnesota, the supermarket chain has tested a labelling system for its fruit in order to find out if customers would be willing to buy fruit that arrived in the shelves earlier if they had to pay less for those. ▪
Big on tech   As the only retailer on the top 10 list of companies' investing in IT, Walmart spent more than any other company in this field globally in 2015, at a scale of more than US$ 10.5 billion, according to a study by IDC +++ Starbucks bulks up its technology team with 100 new jobs to be filled. ▪
Food trends
Meaty flavours   Euromonitor International took an in-depth look at the fresh food industry and surprises with encouraging results. The report found global meat consumption to have increased year-on-year. However, the consumption of beef and veal has declined. ▪
Innovative Europeans   According to a recent study by Mintel, seaweed-flavoured food and drink products grew by 147% in Europe between 2011 and 2015 making it the second most innovative region after the Asia Pacific. Also, a growing trend for raw ingredients in processed foods in the region is being noted. ▪
The millenials' way   A new report by Packaged Facts makes out five main trends in the US millenials' role as culinary consumers. ▪

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