Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 10 October 2016

Hello, dear reader!
Alibaba's Jack Ma teamed up with Hollywood director Steven Spielberg. Australian companies are intensifying their relationship with China. In Europe, Carrefour invests in innovative projects, while Spar International and convenience store operator Topaz concentrate on expansion. In the US, Ahold Delhaize announces more merger effects and Google gets physical. Have a great start to the week.

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asia & Australia
Alibaba goes to Hollywood   US film director Steven Spielberg and Alibaba-boss Jack Ma have entered a partnership to co-produce films as well as collaborating on marketing, distribution and merchandising of Spielbergs's Amblin's films in China +++ Meanwhile, Chinese consumers spent a whopping US$ 72.3 billion at home during 'Golden Week'. ▪
Chinese-Australian ties   Freedom Foods Group has announced to invest in its Chinese partner Shenzhen JiaLiLe Food +++ Melbourne-based Monash University and China's Cofco Corporation are about to sign a deal, which will get Australian food producers an inside knowledge of Chinese shopping habits. ▪
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Sustainable tomato plant   Developer of high tech greenhouse facilities, Adelaide-headquartered Sundrop Farms, has opened a US$ 152 million tomato production facility, claiming to be the first in the world using solar power and desalinated seawater to grow the product. ▪
europe
Carrefour follows up   The French retailer is going to 'incubate' six innovative projects, from tackling food waste to enhancing customer service, as a result of its three-day 'hackathon' in September. In Brussels, Carrefour Belgium has opened an organic-focused store with an international product range. ▪
Store investments   Following the announcement of its recent partnership with local operator Balfin Group, Spar International has opened its first two stores in Albania. In Ireland, forecourt retailer Topaz, which last year was taken over by Canada’s Couche-Tard, is set to invest EUR 33 million in its retail network. ▪
Digital decisions   Tyco Retail Solutions, a global provider of retail performance, has integrated its traffic insights businesses to form a single unit, called ShopperTrak, and British consumer co-operative Co-op (paywall) will  introduce a new PoS-technology to speed up the processing of vouchers and offers. ▪
usa & canada
More effects of mega merger   After having announced a major reshuffle last week, new US retail heavyweight Ahold Delhaize has revealed that the 86 US stores divested earlier this year to meet antitrust approval accounted for US$ 1.4 billion in sales and US$ 88 million in underlying operating income in 2015. ▪
Staples accepts Apple Pay online   The US retail giant has announced the availability of the payment app on its mobile website, m.staples.com, in a bid to provide its customers "an easy, secure and private way to pay that’s fast and convenient". Customers have already been using Apple Pay at Staples’ stores. ▪
Google gets physical    The US search giant is opening a temporary pop-up store in New York to provide a brick and mortar location for checking out its new hardware. The store, called "Made by Google", launches on 20 October. ▪
africa
Pick n Pay on the rise   The turnaround strategy of the South African retailer is continuing to pay dividends as the company reported another positive trading update last Friday. Pick n Pay announced last Friday that first-half earnings gained as much as 25% ▪
Catastrophic drought   South Africa’s worst drought in more than a century could be “catastrophic” for an industry that exports US$ 7.7 billion annually, a body that represents food producers and processors said. Farmers will need as much as US$ 1.2 billion to subsidise feed purchases. ▪

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