Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 12 December 2016

Season's greetings!
Irish fruit distributor Fyffes has been bought by Japan's Sumitomo and Berlin-based Delivery Hero acquired Foodpanda, bringing together two German top food-delivery start-ups. The deal is seen as a sign of further consolidation in the growing market. In the US, Coca-Cola has made some significant restructuring announcements and it looks like Sears needs to do the same. Have a fine start to the week. 

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asia
Big banana deal   Japan's Sumitomo Corporation has purchased Dublin-based fresh produce firm Fyffes for EUR 751 million. The acquisition brings together the two largest banana distributors in Asia and Europe. The Tokyo-based company is one of the country's major trading and investment business enterprises. ▪
Flipkart thinks smart   India’s largest e-commerce company looks to introduce a discount pricing model based on US start-up Jet.com’s Smart Cart service. It encourages consumers to pick multiple items that can be shipped in one box. This comes after Flipkart launched Smart Buy, the first of two new private labels, last week. ▪
europe
Delivery Hero buys rival   Rocket Internet again causes some ripples in the food-delivery market. This time the publicly-listed German ‘start-up factory’ is selling Foodpanda to its much larger rival Delivery Hero, of which it also holds a significant stake. The latter was valued at EUR 2.8 billion in its latest funding round in June. ▪
Thinking outside the box   British supermarket chain Morrisons has opened the first Morrisons Daily, a new type of convenience store, at a Texaco petrol station, and Poundland has announced that it will move away from its single price model. The discount retailer, which was recently acquired by South Africa's Steinhoff, wants to offer a broader range of products. ▪
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Ambitious expansion plans   British footwear retailer Dr Martens is determined to launch 100 new stores and instore shops over the next five years. The company wants to restructure its wholesale and export channels and aims to push for more direct-to-consumer retail operations. ▪
usa & canada
Coca-Cola reshuffles   The Atlanta-based drinks group has named James Quincey as new CEO, replacing Muhtar Kent, who will remain as chairman. The transition comes as Coke battles tighter regulation of sugary products and seeks to become a more profitable operation. ▪
Sears struggles   The iconic US retailer reported another quarterly decline, revenue fell 12.5% to US$ 5 billion, and acknowledged that it has “fallen short” of expectations for a recovery. Over in Canada, Sears has said that it will venture into the grocery business in an effort to lure shoppers. ▪
Hudson's Bay loves robots   The Canadian department store chain, which runs a thriving robotically managed distribution centre in Toronto, hopes to gain the same success in the US, where it will roll out a similar technology. In not so good news, it was revealed that a company store was fined US$ 765,000 for illegally releasing pollutants into the St. Lawrence River. ▪
 trends to watch
Deli innovations and purple foods   In the US, supermarket delis are working on their fresh capabilities. Check out how they cater for the lunch crowd +++ Whole Food Markets has released its top predictions for 2017, among them are wellness tonics, purple foods and creative condiments. ▪
The future of flavours   Trend trackers, chefs and culinary professionals at US spice manufacturer McCormick have identified upcoming flavour trends. They span from breakfast options to melting Eastern Mediterranean ingredients with Western European classics. ▪
Rewards for commitment   Tyco Retail Solutions has been selected as a recipient of a green supply chain award due to its sustainability efforts, and Publix Pharmacy, which operates in-store at the US supermarket chain, came out on top in customer satisfaction in a study by researcher J.D. Power. ▪

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