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Retail Update - powered by LebensmittelZeitung
Thursday, 01 December 2016

Hello, dear reader!
German companies Metro and Dr Oetker are determined to grow in India, where online major Flipkart faces some headwinds. French retailer Casino and furniture chain Conforama take their purchasing alliance to the next level. Lidl sticks to its commitments in Scotland, while Amazon pursues innovative ideas in the US. Enjoy today’s issue and don't forget to share if you like it. 

Seizing potential in India   German wholesaler Metro Cash & Carry is using push-sale to boost its growth in the country and has formed a team of advisors. They visit kirana (neighbourhood) stores on a daily basis with tablets to get orders. Compatriot food producer Dr Oetker has chosen to launch new products and extend its network to increase its presence. ▪
Flipkart downgraded   India's most valued Internet company has been devaluated from US$ 15.5 billion to US$ 5.5 billion by Morgan Stanley. To add insult to injury, two high profile execs, private label head Mausam Bhatt and senior VP Peeyush Ranjan, are the latest to join the wave of top level managers to quit Flipkart. ▪
Japan Tobacco reshuffles   In a bid to accelerate growth and prepare for a more consolidated market, the Japanese tobacco giant has unveiled changes at its top management and named Belgian Eddy Pirard as new chief executive of its international business, replacing retiring Thomas McCoy. ▪
Purchasing power expanded   French retailer Casino and furniture chain Conforama, owned by Steinhoff International, have taken their purchasing alliance to the next level and launched another joint company in France, Sica, for its international service. The two partners teamed up in September this year. ▪
Supporting farmers   German discounter Lidl continues to commit to Scottish suppliers and has struck a deal with local vegetable farmer Stirfresh, said to be worth GBP 300.000. Meanwhile, competitor Sainsbury's is worried about the productivity of Britain's agri-food sector and wants to see more funding. ▪
Spices and flavours combined   US-based spice and herb giant McCormick has agreed to acquire Enrico Giotti, a leading Italian flavour manufacturer for US$ 127 million. The purchase increases the value-added products that McCormick's has in the health and nutrition segment. ▪
Amazon and its tentacles   AI and its cloud business are high on the online retailer's agenda. The company is looking for start-ups to build innovative technologies on its artificial intelligence platform. Amazon also surprised with the suggestion to move data from large corporate centres to its public cloud-computing operation by truck. ▪
Adidas comes to New York   The German footwear giant will open a new flagship retail location on the outskirts of Times Square. It’s the largest Adidas store and the first in a string of upscale brick and mortar shops. Earlier this month, rival Nike has upped its game in Manhattan with a flash, new store. ▪
worthwile finds
Healthy intensions   Tobacco giant Philip Morris might eventually stop selling conventional cigarettes as it launched a new product in the UK which it claims is a less harmful alternative, and Swiss food maker Nestlé has announced that it has found a method to reduce sugar in its products by 40%. ▪
Christmas on a budget   It might pay to shop around for Christmas food essentials in Britain. Supermarket shoppers can pick up everything they need for a festive dinner for eight people for less than GBP 20. Check out the dinner-cost survey. ▪
And the winner is ...   Employees and customers of Germany retail group Rewe have voted the Chiquita banana one of the country’s top three most sustainable products. The banana distributor sees this as a confirmation to be on track with its sustainability programme. ▪

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