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Retail Update - powered by LebensmittelZeitung
Friday, 08 July 2016

Hello, subscribers!
Through partnerships, China’s Alipay plans to expand its global presence massively over the next three years, and more jobs are being created in the UK and US. Amazon is building British offices, and Walmart is about to launch a distribution centre in North Carolina. Have a great day, and if you enjoy this edition, please share.

Alipay reaches out   The financial arm of e-commerce behemoth Alibaba hopes to have partnered with one million offline merchants in three years’ time. If successful, they will have expanded their global presence tenfold. ▪
Amazon boosts infrastructure   In preparation for the upcoming festive season, the US e-commerce giant will add six new fulfilment centres in India, taking the total to 16. ▪
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Struggles in China   US technology company Apple is losing ground in its largest market for smartphones. It now holds 10.8% market share, which is down from 12% earlier in the year. By comparison, Huawei Technologies holds 17.3% market share +++ Meanwhile, employees at Walmart China are protesting and running unofficial strikes over a dispute about working hours. ▪
US e-tailer to create UK jobs    Unfazed by Brexit, Amazon plans to create 1000 new jobs in Britain by the end of the year, with offices in London, Cambridge and Edinburgh. Amazon already employs 3,500 British workers. ▪
Asda rattles top three   In response to analysts’ warnings that the Walmart-owned British supermarket chain is planning a summer price war, the value of Britain’s top-three publicly listed supermarkets, Tesco, Sainsbury’s and Morrisons, has dropped by over GBP 1.6 billion. ▪
Coop buys My Local stores   In its quest to open 100 new stores, the British consumer collective has purchased six stores from My Local, which went into administration last month +++ In the wake of Brexit, British multinational advertising company WPP Plc plans to expand into continental Europe and has agreed to purchase Conexance, a French provider of consumer behaviour data. ▪
Walmart expands   On July 13, the USA’s largest retailer will launch a new distribution centre dedicated to distributing perishable goods in North Carolina. The new facility will create 550 new jobs +++ In other news, appliances and furniture retailer Hhgregg has announced plans to open up to 30 Fine Lines appliance stores over the next two years. ▪
Kroger promotes fruit & veg   In an effort to encourage shoppers at its central division stores to eat more fruit and vegetables, the US supermarket chain will display The Produce Mom’s Produce Challenge, a monthly calendar from the official blog of Indianapolis Fruit Company +++ In Britain, US soft drink giant Coca Cola has launched Coke Zero Sugar, in a campaign worth GBP 10 million. ▪
Japanese e-tailer launches in US   One of Japan’s most popular social-shopping websites, BuyMa, has arrived in the US. BuyMa US offers consumers a range of luxury and everyday fashion, cosmetics and home interior items. ▪
africa & brazil
Sovereign Foods receives bid   Following months of speculation, the South African poultry producer has received a buyout bid from rival Country Bird. This has resulted in its share price increasing by as much as 17.5%. Sovereign Foods will appoint an independent expert to advise shareholders whether to accept the offer. ▪
Cheap wheat hurts Kenyan farmers   Due to a significant drop in global prices, Kenyan millers are importing more wheat. This is hurting farmers in the country’s grain belt of Narok. Millers defend their actions citing that farmers are not keeping up with demand. ▪
Retail sales in Brazil down   Due to increasing unemployment, retail sales in Brazil dropped by 8.3% in the first semester of this year — the worst result since the country faced one of its most severe energy crises in 2002. ▪

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