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Retail Update - powered by LebensmittelZeitung
Friday, 29 April 2016

Hello, subscribers!
Worldwide, growth and acquisitions continue. In the southern hemisphere, a New Zealand fast-food company is set to take over Australian KFCs; in Europe, global German retail group Metro has taken a majority stake of a multi-channel retailer, and in the USA, e-commerce behemoth Amazon reports a strong first-quarter result. Have a great day, and don’t forget to share — RetailUpdate is absolutely FREE.

asia & australasia
Restaurant Brands NZ buys  KFC    The New Zealand fast food company has purchased Australian QSR Pty Limited, the owner and operator of 42 KFC stores in New South Wales, Australia. Over in Shanghai, China, KFC has partnered with search engine Baidu to open a store with artificial intelligence. ▪
Profits grow in Asia   In the three months ended March 31, Australian vitamins maker Blackmores has more than doubled its profits, and half of its revenue now comes from Asian shoppers. ▪
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Hong Kong & Singapore stores falter   Affordable luxury brand Raoul Singapore has closed its last store, as its creator, FJ Benjamin, focuses on wholesale +++ Hong Kong snack chain 759 Store is feeling the effects of a stronger yen and will close down at least 15 stores this year. ▪
Metro takes lion's share     In line with its online growth strategy, the German retail group has increased its share of multi-channel retailer Emmas Enkel to 93% +++ Laundry machine operator Photo-Me is also eyeing expansion and is in talks with Asda to purchase their UK photo products unit. ▪
Fashion retailers lift their game   In an effort to identify wearable technologies that may be of interest to its customers, Topshop has launched accelerator “Top Pitch” +++ Following last year’s launch, high street discounter Pep&Co is planning to open another 10 to 16 stores across the UK. ▪
John Lewis focuses on the web   According to a report by AdGooroo, the UK department store chain has spent over GBP 1 million on search advertising, as it fights against the likes of Argos and Amazon for web traffic. ▪
Amazon delivers strong profit   Thanks to growing sales from its cloud-computing business, the e-commerce behemoth has delivered a surprisingly strong first-quarter profit. Meanwhile, the company continues to expand and will open two new locations in New Jersey, which will create 2000 new jobs. ▪
Colgate's dirty deal   The US consumer products company Colgate-Palmolive has received a fine of US$ 18 million over an illegal deal with rival Unilever Australia to control the supply and price of laundry detergent. ▪
Openings ahead   In an effort to reclaim its standing in local malls, JC Penney will mark the 10th anniversary of its partnership with Sephora by opening 60 new locations. Most will be ready by mid-June +++ Outdoor apparel and goods retailer Cabela will debut a new cost-effective store design in two new locations in the fall of 2017. ▪
Growth in coffee exports    Angola, which currently produces 15,000 tonnes of coffee annually, could double this number over the next two years according to the National Coffee Institute. ▪
Agra launches first DIY Depot   Since acquiring the franchise from Legendary Retail Brands Group, leading African agricultural products supplier Agra has launched its first stand-alone DIY Depot in Okahandja in Namibia. ▪
 Jobs for Ugandans   A new agricultural industrial park, which will be built in the district of Luweero, is expected to increase the income of local farmers and provide training opportunities and over 25,000 jobs. Construction started on Tuesday. ▪

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