Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 28 April 2016

Hello, dear reader!
Internet giants Facebook and Yahoo and their latest moves are featured in today's issue. Read also about pricing tactics and their ramifications in Britain, 'icy' joint ventures and takeover bids and get an insight into Aldi's expansion strategy in California. Have a great day and don't forget to share.


asia & australia
Takeover bid for Aussie icon   US clothing brand HanesBrands has made an AU$ 1.1 billion offer for Melbourne-based underwear company Pacific Brands, which owns a portfolio of iconic labels, including Bonds and Berlei. The offer follows months of secret negotiations between the two companies. ▪
Samsung steams ahead   The Korean electronics giant reported that it had earned US$ 4.6 billion for its January-March quarter, operating profit rose 12% from a year earlier. During a developer conference the company said that it is also working on new virtual reality projects. ▪
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Old Navy enters Indonesia   The American apparel and accessories brand, which is part of the Gap portfolio, has opened its first retail outlet in the country in Jakarta. Old Navy currently has over 700 stores and shops-in-shop in 11 countries around the world, including Qatar and the Philippines. ▪
europe
Pricing tactics under scrutiny   UK retailer Asda has agreed to overhaul its price promotions after the competition watchdog singled it out following an investigation into supermarket pricing tactics. Asda's decision might serve as a warning for other British supermarket operators. ▪
Ice cream decisions   Swiss food company Nestlé has reached an agreement with Britain's R&R Ice Cream, owned by PAI Partners, to form a joint venture that will sell frozen goods in over 20 countries. Over in Serbia, Nestlé is set to close its ice cream manufacturing plant and move its production to Greece. ▪
Global Fashion Group revised   Berlin-based e-commerce incubator Rocket Internet lowered the valuation for its online shopping business, Global Fashion Group. The company now values at about EUR 1 billion, down two-thirds from its EUR 3.04 billion valuation last year. ▪
usa
Aldi gears up in California   The German discounter is scheduled to open seven more stores in the country, bringing its total there to 25 in less than three months, with approximately 20 more set to open by year’s end. May 19 will be the opening date for Aldi's first store in San Diego County. ▪
Sport retailer on the move   Texas-based discounter Academy Sports + Outdoors has opened a huge distribution centre in Tennessee to support its growing store network in the Midwest +++ Defunct sporting goods retailer Sports Authority announced liquidation, which might be a win for the few traditional players that still remain. ▪
Surprising results   Social media company Facebook beats analyst expectations with a 51% increase in revenues, thanks to its expanding advertising businesses +++ Struggling internet company Yahoo has reached a deal with activist investor Starboard and will add four of the hedge fund’s hand-chosen directors to its board. ▪
digital trends 
Mobile technology   California-based Raley’s Supermarkets is upgrading its omnichannel customer experience with a new e-commerce platform called E-Cart, while software company JourneyApps has created a graphic to show the top ways retailers are using their mobile apps. ▪
Cybersecurity confidence   According to a new study from security technology provider Tripwire, retailers are gaining more confidence when it comes to cybersecurity. A majority of respondents said they would detect a data breach within 48 hours. ▪
Getting smart   The plain warehouse is to become an intelligent hub that supports order management and general productivity according to a study by Zebra Technologies +++ ACI Worldwide found out that retailers regard payments technology as a part of their business strategy. ▪

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