Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 24 May 2016

Without much fuss or media coverage, the Danish design store Tiger is not only quickly expanding its store numbers, but has also become one of the fastest-growing retailers in the UK. In New Zealand, the battle for online grocery shoppers has picked up speed, and in Kenya, near-empty shelves at Uchumi shall soon be filled again. In other news, Amazon prepares for Christmas by announcing to raise its warehouse fees, and insurance multi Axa quits smoking. Enjoy the read!

Asia & Pacific
Indian grocery growth   Mobile payments network MobiKwik noted a 5000% growth on India's largest online supermarket Big Basket, and the family behind the conglomerate Aditya Birla plans to invest in the group's food and grocery business +++ Mumbai-based Tech Mahindra has partnered with German software giant SAP to create a platform to manage the supply chain for fresh produce. ▪
Click-and-collect all over NZ   Woolworths' subsidiary Countdown has rolled out their click-and-collect service all across New Zealand from last Monday. Its competitor Foodstuffs, which owns the New World, Four Square and Pak 'n Save brands, had announced last week to bring on a national grocery delivery and pick-up service in stages from October. ▪
Australian legal affairs  Australian Leather, manufacturer of the iconic sheepskin 'ugg boots', is facing a legal battle in the US, where footwear company Deckers aims to trademark the name 'ugg' +++ The Australian consumer watchdog will appeal for the AU$ 1.7 million fine issued to the maker of Nurofen, Reckitt Benckiser, to be increased to at least AU$ 6 million. ▪
Bayer proposes   The German chemical pharmaceutical giant came forward with a price tag for its planned bid for controversial genetically engineered seed producer Monsanto - it reads US$62 billion. The acquisition could create one of the world's largest agrochemical companies. ▪
Investment decisions    Paris-based insurance multi Axa will stop investing in the tobacco industry. Expanding Greek supermarket chain Metro plans to invest EUR 100 million in the modernisation of its Veropoulos supermarkets. ▪
Taking business abroad   Danish variety store Tiger has become one of UK's fastest-growing businesses. Around the world, the price-point retailer opens one to two shops a week. Italian gourmet food store Eataly will launch its first store in Scandinavia in Copenhagen by Christmas.  ▪
Spinning off Save-A-Lot   Food retailer SuperValu takes another step in its planned spin-off of Save-A-Lot into a stand-alone, publicly traded company by amending an existing US$ 1.5 billion senior secured term loan agreement. ▪
Physical spaces   Online retailer Amazon announced last week that it will be raising its warehouse storage fees for its sellers over the holiday season. Wegmans supermarket chain, which operates in the mid-Atlantic and New England regions, is planning to take its store count to over 100. Formerly online-only retailer The Wine Cellar is taking its number of physical stores to nine and plans more openings. ▪
Recruiting retail veterans   While Victoria's Secret named Jan Singer, former CEO of Spanx, as its new CEO, former executive VP at Victoria's Secret, will now become Abercrombie's brand president of Hollister. The teen apparel retailer also named former Target veteran Stacia Anderson as president of its namesake brand and its kids division. ▪
Revenues up   South-African private label food products supplier Rhodes Foods reports an interim revenue jump of 53.5% to ZAR 2 billion thanks to recent acquisitions. Fast moving consumer goods group Pioneer Foods' total interim revenue was up 6% to ZAR 10 billion. ▪
Saving supermarkets   Kenyan supermarket Uchumi reached an agreement with its suppliers last Friday, and has now hopes that they will restock its shelves. In Zimbabwe, a new management will take over ownership of the Spar Zimbabwe licence from Innscor Africa. ▪
Across the oceans   The new requirement on weighing and verifying containers, which is implemented globally in July, will cause more costs for exporters in East Africa. ▪

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