Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 05 May 2016

Hello, dear reader!
German discounters are unstoppable - once more, they enjoyed double-digit growth in the UK and attract more premium labels in Germany. EU authorities took a stand against cigarette giants and a major US retailer gets tough on its suppliers. Finally, the fridge which can buy food has arrived on the shelves. Enjoy the read.

asia & australia
Chinese shopping habits   Traditional retail channels lost momentum in China, while more and more consumers buy online, according to Kantar Worldpanel. The country's appetite for all things Australian has gone sky high, which encouraged two Aussie entrepreneurs to offer cans of fresh pure Blue Mountain air. ▪
Samsung launches smart fridge   After months of hype, the South Korean tech giant has officially introduced its connected fridge. The interactive device includes a number of features that streamline the digital grocery process and let customers shop directly from the door. ▪
Indian merger completed   In a move that marks the completion of the merger between Future Group and Bharti Retail, the two companies have announced changes to their leadership. Kishore Biyani has been appointed Managing Director of Bharti Retail, a day after stepping down as head of Future Retail. ▪
Unilever supplies Aldi   Netherlands-based consumer good giant Unilever has entered the discounter’s German product range. Aldi Nord and Aldi Süd will have popular brands such as Magnum and Knorr for sale. Last month, the retailer made headlines with a Jette Joop fashion collection, which drew huge crowds to the stores. ▪
Another set-back for the Big Four   While German discounters Aldi and Lidl posted double-digit growth in the UK, all four major supermarkets saw a decline in sales in the last quarter, although Sainsbury's was the least affected and is faring better than rivals Tesco, Asda and Morrisons. ▪
Tough rules for tobacco   Cigarette makers Philip Morris and British American Tobacco lost a fight against the EU court over plain packaging rules. Meanwhile, London-based competitor Imperial Brands, which dropped the word "tobacco” from its name, beat estimates with a first-half profit of GBP 1.6 billion. ▪
Target revamps supply chain   The US discount retailer is getting tough with its suppliers as part of a multi-billion-dollar overhaul to speed up its supply chain. The company plans to tighten deadlines for deliveries to its warehouses, increase fines for late deliveries and chase inaccuracies in product information. ▪
Wholesaler acquires specialist   New Hampshire-based C&S Wholesale Grocers has signed an agreement to acquire Davidson Specialty Foods, a leading specialty food distributor based in Connecticut. The purchase is said to help C&S to broaden product selection and improve customer service. ▪
Revealing results and cutting jobs   US cosmetics maker Estée Lauder reported a better-than-expected profit in the third quarter, but also said it would cut 900 to 1,200 jobs +++ Texas-based upscale retailer Whole Foods saw another sales decline in the third quarter. ▪
Latin America & Africa
AB InBev suffers in Brazil   The multinational brewing giant missed earnings estimates for the first quarter, hit by lower sales volumes in Brazil, its biggest market. The beer company might have some consolation: Australia's antitrust regulator cleared its planned US$ 100 billion takeover of rival SABMiller. ▪
US partnership in Mexico   Pennsylvania-based special occasion retailer David’s Bridal is partnering with Diltex, a leading Mexican manufacturer and retailer of intimate apparel to open its first franchise location in Mexico City at the end of this year. ▪
Uchumi fights insolvency   The troubled Kenyan supermarket operator has started to talk to its suppliers in a bid to turn debts into shares. The creditors agreed to oppose an ongoing insolvency case against Uchumi filed by five suppliers. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by