Hello, dear reader!
Aldi informs in detail about its operations in Australia and is challenged by department store David Jones. AB InBev will shed some of its workforce after acquiring SABMiller, and Tesco gets rid of another business unit. Spar thrives in Russia and budget retailers in the UK enjoy bumper sales. Enjoy your Monday bulletin and have a great start to the week.
asia & Australasia
Fuelling competition Aldi has released some eagerly awaited details about its operations in Australia. The figures show that the German discounter is making good profits. Meanwhile, department store operator David Jones is set to compete with Aldi by introducing high-quality, ready-to-eat food in the country.
Tesco continues to slim down The British supermarket operator is selling its Euphorium Bakery chain to Soho Coffee and Samworth Brothers. To concentrate on its core business, Tesco has already sold Dobbies Garden Centres, restaurant chain Giraffe and Harris + Hoole coffee shops, among other businesses.
Spar thrives in Russia The international retailer, which operates 420 stores from St Petersburg to Irkutsk, reports above average growth in Russia with an overall sales increase of 19%. In Georgia, Spar expands its operation by entering into sub-licencing. The first independent retailer-run store has been launched.
usa & Canada
Prototype expansions Off-price retailer Tuesday Morning, which operates 750 stores, is rolling out its upgraded store format. Cosmetics chain Sephora has brought its tech-savvy Beauty TIP Workshop store format to Chicago. It features more than 13,000 products and an interactive environment.
Saving Sears After another disappointing quarter, the department store retailer has accepted a capital infusion of US$ 300 million by its CEO's hedge fund. The loan might help for the upcoming holiday season, but analysts are sceptical whether Sears can be saved. Some employees fear that the company will close all its stores.
Addressing food waste Retailers can reduce food wastage by ramping up recycling efforts, reducing avoidable waste or finding new ways. Retail Gazette compiles a summary of how retailers can tackle the GBP 19 billion waste problem in the UK.
Damage control Questions over the origin of bedsheets sold by Mumbai-based company Welspun revived one of Indian manufacturing's problems: quality. While the government doesn't expect much damage to the country's reputation as a manufacturing hub, industry insiders warn its image could be tarnished.