Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 04 January 2017

Hello, dear reader!
Retailers Morrisons and Poundland are ramping up competition in Britain by slashing prices. Soft drink maker Britvic acquires a juice company in Brazil. In the US, Walgreens is piloting a vision care centre, while Amazon establishes its private food label and gets serious with its cargo airline business. Get informed and please don't forget to share. RetailUpdate remains FREE. 

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asia 
China ties up with Europe   As part of president Xi Jinping's effort to strengthen trade with Europe, the country has initiated a rail-freight service to Britain. The first train departed from the eastern Zhejiang province on Monday and will reach London within 18 days. The British capital becomes the 15th European city with a direct train link from China. ▪
Electronics alliances   Beijing-based Lenovo Group will launch a smart home assistant, using artificial intelligence developed by Amazon, while consumer electronics company Meizu, one of China's leading phone makers, has signed a licensing deal with US telecom equipment company Qualcomm. ▪
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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
A bank for Paytm   The Bengaluru-based mobile payment platform has received the approval from the Indian Reserve Bank to formally launch its own digital bank. Rather than disrupting the status quo, Paytm, backed by Chinese e-commerce titan Alibaba, wants to make banking more accessible. ▪
europe & Brazil
Eyeing targets overseas   With the acquisition of Brazilian juice business Bela Ischia for US$ 66 million, UK soft-drink maker Britvic continues its expansion in the concentrates market. Fellow Brit and online retailer Boohoo has confirmed its intention to buy assets from US retailer Nasty Gal for GBP 16.2 million. ▪
Competition intensifies again   The supermarket price war in Britain is going into another round with Morrisons reducing the prices of 800 items by an average of 19%. Other retailers are expected to follow. Discounter Poundland has launched its first-ever sales event, slashing the price of its core items. ▪
Growth strategies   In Italy, retailer Crai Codè, which operates 290 stores in the north western part of the country, has acquired 70 stores of the supermarket chain Prestofresco. In the Netherlands, retailer Jumbo has reported a 7% increase in revenue during 2016, to EUR 6.68 billion, mainly due to sales growth in existing stores. ▪
usa & Canada
Amazon forges ahead   Pushing further into the grocery business, the Seattle-based online powerhouse has launched a new line of natural snacks labelled Wickedly Prime. Amazon is also ramping up its cargo airline business (paywall) through the acquisition of Pemco World Air Services, an aircraft maintenance business. ▪
Walgreens has a vision   Following its UK-based Boots division, one of the leaders in the optical market, pharmacy store chain Walgreens Boots Alliance is piloting a vision care centre in its Chicago flagship store. It offers comprehensive eye exams by fully-licensed optometrists and opticians. ▪
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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
Appointments and dismissals   Ahold Delhaize has named Roger Wheeler as president of its new Retail Business Services. Effective immediately, British American Tobacco has terminated the supplier agreement for its Voke nicotine inhaler after the product failed to commercially launch in 2016. ▪
at the cutting edge
Expectations at CES    The largest consumer electronics show in the world is about to start. The tech world takes its flashiest gadgets to Las Vegas, showcasing the latest developments in drones, augmented reality and self-driving cars among other things. Here is what you need to know about the event. ▪
The age of artificial intelligence   Starbucks and Lowe's are leading brands when it comes to the use of AI according to Adweek. The coffee chain giant plans to allow users to place an order by talking to a virtual barista, while roaming robots will be a regular sight in the aisles of home improvement retailer Lowe's. ▪

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