Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 27 April 2016

Hello, dear reader!
It's not all doom and gloom for high street retailers in the UK, where some even write success stories. In the US, a yogurt CEO makes his employees happy and e-commerce giant Amazon expands delivery services, while Japanese competitor Raktuten tries to be faster with drones. These are some of the stories featured in today's issue. Enjoy the read and spread the word. RetailUpate is FREE.


asia & australia
Rakuten drones take off   The Japanese electronic commerce company aims to be the first to commercialise flying delivery drones and is launching a drone service in its home country on May 8, ahead of rival Amazon. The service, however, will only be available at a golf course. ▪
Ant raises billions   The financial-services affiliate of Chinese e-commerce powerhouse Alibaba has completed its fundraising round at US$ 4.5 billion and is now valued at roughly US$ 60 billion. This was reportedly the largest single funding round ever for an internet company. ▪
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Fuelling competition Down Under   French sporting goods giant Decathlon, which entered Australia at the beginning of April, plans to open 35 warehouse-style superstore outlets in the country +++ Dairy co-op Murray Goulburn will cut its milk price for suppliers. Other milk processors are expected to follow as the co-operative is regarded as a price setter. ▪
europe
Tesco pleases suppliers   The British retailer has launched a new app that will allow its industry partners to easily connect to the supplier network and all its services. The company also announced that it will simplify its loyalty scheme and end its popular Clubcard Boost events. ▪
Joy and sorrow on high street   A day after BHS became the latest casualty on the high street, UK fashion etailer Boohoo emerged as a true success story with revenues up 40% on the previous year. The number of its customers grew by a third to four million. ▪
Adam Foods buys in Mexico   The Spanish business group has reached an agreement with Mexican bread maker Bimbo to acquire its Pancrico brand in Spain, Portugal and Andorra as well as production licences to sell similar products in Italy, France and Germany. ▪
usa & canada
Amazon extends services   The online retailer is partnering with specialty floral gift retailer 1-800-Flowers.com to make the digital ordering process easier and has also expanded its restaurant delivery service to 117 destinations in San Franciso. Meanwhile, in Germany, the e-commerce giant is eyeing Frankfurt as next location (paywall) for Prime Now. ▪
Chobani surprises staff   With the aim to continue to create something special and of lasting value, Hamdi Ulukaya, CEO of yogurt producer Chobani, unexpectedly handed out shares to all 2,000 full-time worker - equal to about 10% of the multi-billion dollar company.  ▪
Revealing results   Tech company Apple posted its first revenue decline in more than a decade and missed expectations in its second-quarter earnings +++ Procter & Gamble reported a better-than-expected rise in quarterly profit, but a decline in sales volumes. ▪
africa
Pick n Pay eyes Nigeria   The South African supermarket operator announced plans to expand into Nigeria as it posted a 26% increase in full-year profit. Pick n Pay has agreed to partner with Lagos-based AG Leventis to enter Africa's largest economy. ▪
Giant mall to open   The Mall of Africa, South Africa’s biggest single-phase shopping mall development to date, will officially open this Thursday in Johannesburg. It covers more than 23-million square metres in shopping centre space. ▪
McDonald's under pressure   The fast food giant is exploring the viability of expanding its cage-free policy to South Africa in response to a petition against the eggs used in its meals, signed by over 16,000 supporters. ▪

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