Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 18 October 2016

Hello, dear reader!
Good intensions - Carrefour is determined to cut down food waste in Belgium, while Tesco partners with a potato supplier for the same goal in Britain, and softdrink giant Pepsico sets global targets for sugar reduction. US retailer Supervalu has found a Canadian buyer for its discount chain and beauty firm Coty enjoys a good hair day with a new acquisition. Get informed and share RetailUpdate, if you like it. Subscription remains FREE.

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asia & australia
Big distribution plans   ZTO Express, a Shanghai-based delivery company, aims to raise as much as US$ 1.3 billion in the biggest US initial public offering by a Chinese entity since its key customer Alibaba went public. ZTO Express also counts rival JD.com among its customers. ▪
Beating declining demand   Japan's Fast Retailing, the owner of fashion label Uniqlo, expects to post a record operating profit, despite sluggish retail demand at home. CEO Tadashi Yanai reveals the management principles that enabled him to turn a single men's tailoring store into a global casualwear giant. ▪
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Woolies gets offer   In a bid to continue its alliance with the Australian supermarket giant, fuel retailer Caltex Australia has confirmed it has made a conditional and confidential proposal to buy Woolworths’ petrol business, which turned over AU$ 4.61 billion in the 2016 financial year. ▪
europe
Litigation matters   British supermarket giants Tesco and Asda are both facing separate legal actions from members of their staff. Tesco is accused of unfair paycuts, while Asda will be sued for gender discrimination by female workers fighting for equal pay. ▪
Fighting food waste   Carrefour has started a new initiative in Belgium's Walloon area, which includes reduced prices of unsold produce as well as in-store made meals with them. In Britain, supplier Branston has teamed up with Tesco to open a potato factory, where visually-imperfect potatoes will be used for the supermarket's ready meals. ▪
British-American connections   US beauty firm Coty expands its offerings in the professional hair category by acquiring London-based hairstyling-appliances company GHD for GBP 420 million. Meanwhile, UK snack maker Graze, which started as an online service, plans to sell its range in at least 3,500 US stores, including Walgreens. ▪
usa & Canada
Supervalu finds buyer   The US supermarket chain said it will sell its discounter business Save-A-Lot to Canadian private equity firm Onex for US$ 1.37 billion in cash. As part of the agreement, Supervalu will provide professional services to Save-A-Lot for five years. ▪
Targeting mobile shoppers   Supermarket operator Price Chopper has introduced an app which alerts users when their prescription is ready for pick-up. Drugstore chain Walgreens has launched a ship-to-store service for e-commerce orders that offers free shipping, and casual restaurant company Shake Shack is testing a mobile ordering app. ▪
Pepsico on a health mission   The US beverage giant announced an ambitious sustainability agenda. Tackling problems ranging from obesity to climate change, Pepsico is determined to reduce the amount of sugar in its soft drinks around the world. ▪
innovative ideas
Produce temptations   US fruit giant Dole and media multi Walt Disney have teamed up to attract US children into eating fresh fruit and vegetables with co-branded bananas and other fruits. Across the Atlantic, Sainsbury's has revamped its lunchtime snacks, offering leak-free tomatoes, which prevent a sandwich from getting soggy. ▪
Inside a drone lab   Online mega retailer Amazon gave eight school children a tour of its top secret drone testing laboratory in Cambridge, England. They were shown drone prototypes and also given the opportunity to use a drone simulator. Have a look. ▪

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