Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 11 May 2016

Hello, dear reader!
While French giant Carrefour has started rolling out its online business in Beijing, British conglomerate AB Foods plans to sell its Chinese sugar business. Sustainability matters to UK retailers Waitrose and Sainsbury's as well as Tesco. Read about their inspiring initiatives, Walmart's worries, Kroger's hiring plans and the Switzerland of Africa. Don't forget to share. RetailUpdate is FREE.

asia & australasia
Ups and downs in China   French retailer Carrefour has officially launched its online store in Beijing, which integrates store delivery, multiple payment methods, dual-language services, and more. Meanwhile, British food-to-retail conglomerate AB Foods is in early stages to sell its Chinese sugar business for as much as US$ 1 billion. ▪
Profit jumps in New Zealand    Auckland-based Briscoe Group reported an 11% increase in first-quarter sales at both its Briscoes Homeware and Rebel Sport stores+++ Natural ingredients company Comvita, whose main product is manuka honey, has posted a record annual profit as Australian sales soared. ▪
Teen fashion for the Middle East   US retailer Abercrombie & Fitch has signed a franchise agreement with Majid Al Futtaim Fashion to open new stores in Bahrain, Oman, Qatar and Saudi Arabia. It is not known how many Middle Eastern stores will open under the deal. ▪
europe & israel
Sustainability matters   UK retailer Sainsbury's wants to turn food waste into energy and has partnered with recycling company ReFood +++ Competitor Waitrose follows rival Tesco in taking on seafood giant John West over its fishing practices, threatening to remove its canned tuna from store shelves +++ In its first virtual reality campaign, fast food giant McDonald’s shows consumers where its products come from. ▪
Amazon tests in Austria   The American online retailer has confirmed that it will open a development centre in Graz that will focus on technology for delivery drones. A team of top experts in computer vision has been hired to work on “sense-and-avoid” technologies for drones, which are regarded as important safety features. ▪
Sodastream grows strongly   The Israel-based global manufacturer of home beverage carbonation systems has reported a double-digit increase in revenue for the first quarter, which shows that the repositioning of the brand around sparkling water has paid off, according to CEO Daniel Birnbaum. ▪
usa & canada
Walmart sues Visa   The feud between the two has been going on for a while, now big box retailer Walmart is accusing payment company Visa's US unit of pushing it to use a less-secure method for verifying debit cards in order to route transactions through its own networks to boost profits. ▪
Kroger on hiring spree   The Cincinnati-based retailer, which announced last month that it will create 1,000 new jobs in Michigan, is now looking to hire 14,000 associates to fill open jobs across all its store brands. Its total active workforce grew by more than 9,000 during 2015. ▪
H-E-B partners for online service   San Antonio-based retailer H-E-B announced that it will begin to offer Internet shopping and delivery through partnerships with app-based personal shoppers Shipt and Instacart, and also launch curbside grocery pickup at select locations. ▪
WEF summit in Rwanda   More than two decades on from a genocide that claimed 800,000 lives, Rwanda has become a regional tech hub with an annual growth averaging at 7.8%, earning comparisons to Switzerland. The World Economic Forum, which will focus on digital technologies, is about to kick off in the country. ▪
Takeover decision delayed   Business analysts are at a loss as to why the Competition Commission has asked for a further extension before it makes a recommendation on Anheuser-Busch's takeover of SABMiller. The latest deadline had been set for May 12. The commission has already warned it may not make the date. ▪

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