Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 03 January 2017

Hello, dear reader!
Competition in the e-book market is heating up with Kobo-owner Rakuten including reading app Tolino to its portfolio. In Britain, Co-op is set to grow, Sainsbury's gets serious about fighting food waste and Coca-Cola aims to turn waste into products. In the US, German discounter Lidl has selected another location for its expansion. Enjoy our news collection and feel free to share it with your co-workers.

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asia
Rakuten acquires in Germany   The Japanese e-commerce group, owner of reading app Kobo, plans to buy German e-book provider Tolino from Deutsche Telekom. The latter has reportedly filed paperwork with the Federal Cartel Office. Along with Amazon, Tolino is one of the two major players in the German e-book market. ▪
China thinks globally   After losing its top position as an investment destination to India, China has opened up more sectors for foreign investors to catch up in the race. Meanwhile, Shanghai-based software company Zhizhen plans to expand into the US with ambitions of becoming a global leader in artificial intelligence. ▪
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Bursting with Inspiration: Visit IFE 2017
IFE 2017 (The International Food & Drink Event) is the UK's biggest and most important food & drink trade show. Taking place 19-22 March in London, the home of innovation, the event provides an unrivalled opportunity to source innovative and new food & drink from 1,350 British & global suppliers. Register for your free ticket at
www.ife.co.uk/lebz
Healthcare deal   To accelerate its growth in the fast-expanding nutraceuticals space, private investment firm Everstone Group has invested US$ 35 million in Mumbai-based OmniActive Health Technologies, a supplier of naturally sourced ingredients for eye health, weight management and heart health. ▪
europe
Co-op expands   While other retailers in the UK have been scaling back their growth plans, the British consumer co-operative is moving forward and plans to invest GBP 70 million to open 100 new stores. The Manchester-based group will create 1,500 jobs and launch five outlets in London before the end of March. ▪
Food matters   British grocer Sainsbury’s ramps up its war on waste by testing a new app to help shoppers track how much food they throw away. In France, a two-year trial for mandatory country of origin labelling for meat and dairy in prepared foods comes into force this month. ▪
Coke fights waste   Coca-Cola European Partners has teamed up with US manufacturer Avery Dennison, UK recycling company Viridor and Scotland-based PET UK to turn label waste into products, including the production of 90 million Smartwater bottles. The initiative was launched last year. ▪
usa & Africa
Lidl secures more sites   The German discount powerhouse has selected Annapolis in the US-state of Maryland for one of the first locations of its expansion into the United States. If approved, Lidl would be the first new retail brand to open in the city in more than a decade. ▪
Targeting shoppers   Convenience store operator QuickChek has launched a geo-marketing programme that will drive on-the-go mobile consumers into its stores, while New Jersey-based supermarket chain ShopRite aims to attract customers with the launch of a new private label line of organic products. ▪
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After 15 years as MDD Expo,
the benchmark event for private label in the French market, M.A.D.E. is the result of a natural evolution that follows the international development of the exhibition through a changing retail market. On 28 & 29 March 2017, M.A.D.E. will bring together manufacturers of own label products and buyers from all distribution channels across Europe for 2 days dedicated to co-creation.
www.madeparis.com
Uchumi delays results   For the second time, Kenya-headquarted supermarket operator Uchumi has postponed the release of its financial results, citing problems with getting proper information from its closed operations in Uganda and Tanzania. Results will now be reported by the end of January. ▪
what to watch
Consumer behaviour   British retailers are facing rising inflation, labour costs and taxes at the same time as consumers tighten their belts, says property agent Jones Lang LaSalle. Globally, digital commerce was up 34% during the holiday shopping season, according to data from US company Salesforce. ▪
Convenience boom   The rising number of single-person households in South Korea helps the sector to flourish. The number of neighbourhood convenience stores has jumped by more than half over the past five years, to 32,000 this year, according to the Korea Association of Convenience Store Industry. ▪

 


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