Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 14 October 2016

Hello, subscribers!
In Melbourne, Australia, Nestlé is opening its first Kit Kat store; in Britain, Tesco and Unilever have settled their dispute over pricing, much to the relief of Marmite lovers; and in the USA, e-commerce giant Amazon ramps up hiring for the holiday period. Have a great day. If you enjoy this edition, please share.

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australia & asia
Steinhoff expands Down Under       Australian furniture manufacturer and retailer Fantastic Holdings has received a AU$ 361.4 million takeover offer from larger rival Steinhoff Asia Pacific Holdings, the acquisitive South African owner of the Freedom and Snooze furniture chains . ▪
Chocolate art for Aussies      Following on from some successful pop-ups, Swiss food and beverages company Nestlé will open its first permanent Kit Kat store in Melbourne on October 21, created as a hub where people could unleash their creativity and create personalised flavours. ▪
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Sprooki comes to Indonesia   Next month, the Singapore-based shopper-engagement platform will launch in western Jakarta. Sprooki enables retailers to engage with customers via smartphones and other devices by applying profile, behaviour and location data. ▪
europe
Tesco settles with Unilever   Amid shopper outrage over top-selling products such as Marmite being removed from the shelves of Britain’s largest retailer, Tesco and the Anglo-Dutch consumer goods giant have settled their pricing dispute. Meanwhile, Unilever reported better-than-expected third-quarter sales, thanks to increased demand for its Magnum and Ben & Jerry’s ice creams. ▪
Dia builds warehouse   The Spanish retailer has opened its largest warehouse platform so far. The more than 30,000-square-meter facility in Villanueva de Gállego will store over 4,500 products to supply 241 stores +++ For two consecutive months, shopping centres in Spain have seen a 5.3% drop in foot traffic. ▪
usa & canada
Amazon prepares for holidays   Most retailers haven’t increased their holiday hiring for 2016. The US e-commerce giant, however, is in a category of its own and plans to hire 120,000 workers, 20,000 more than last year. Also, to ensure it has capacity to receive, store and ship products for its Prime membership customers during the holidays, Amazon is restricting new merchants from access to its warehouses. ▪
Expanding across the Atlantic      Next month, Swedish furniture giant Ikea will begin construction on a new store in Jacksonville, its fifth in Florida. The opening is planned for Autumn 2017 +++ As part of its US expansion plans, German-based supermarket chain Lidl is looking at opening stores in Texas. ▪
Meaty acquisition    The Canadian food manufacturer and distributer Premium Brands has purchased Toronto-based Belmont Meat Products Ltd for CAD$ 50 million. Belmont supplies products such as burger patties to restaurants and supermarkets. ▪
survey results
Face-to-face gets results   According to a report by the Centre for Economic and Business Research, retail businesses can make about GBP 378,000 per year by arranging face-to-face meetings. The report demonstrates that for every pound spent on business travel, there is a 400% return. ▪
Personalisation worth the effort   The “Personalised Pulse Check,” a report from Accenture Interactive, surveyed over 1,500 US and UK consumers between the ages of 18 to 60. The report found, among other things, that 56% of consumers are more likely to shop at a retailer if it recognises them by name and 58% are likely to make a purchase when an option is offered based on past purchases. ▪

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