Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 06 January 2017

Hello, subscribers!
Singapore-based restaurant chain Jumbo has signed a franchise agreement to open in Vietnam. German discounter Lidl is building a new warehouse in the UK, while rival Aldi increases the minimum pay rate in Britain. In the US, Walmart's Jet.com has made an acquisition in order to bolster its position against Amazon. Have a great day, and don't forget to share. 

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asia
Jumbo lands in Vietnam   The Singapore-based seafood restaurant, renowned for its chili crab, has signed a franchise agreement with Nova Bac Nam 79 Joint Stock Company to operate restaurants in Vietnam’s Ho Chi Minh City and Da Nang. Three Jumbo restaurants are expected to open within two years, the first within six months. ▪
A second wind for BlackBerry   All may not be lost for the once king of the mobile phones. Chinese electronics company TCL Corporation has put its mite behind the design, manufacture and marketing of a new range of BlackBerry smartphones. ▪
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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
“Selfie” verification comes to Asia   Mastercard Identity Check will soon be introduced to Mastercard users in Singapore and other parts of Asia. The technology will enable card holders to match selfies against photographs on file when making purchases online. ▪
europe
Lidl creates jobs   The German discounter has purchased land in Bolton’s Logistics North Scheme for GBP 22.5 million in order to build its 14th warehouse in the UK. The warehouse is expected to generate 500 new jobs. ▪
December highs & lows   According to new data by The Retail Traffic Index by Ipsos Retail Performance, retail footfall leading up to Christmas for High Street stores in UK was its lowest since 1998 — down 9.3% year on year for the whole month of December. In comparison, upmarket UK retailer Waitrose reported sales leading up to 24 December were up 31.1% on the same period in 2015. ▪
Aldi tops pay scale   On February 1, the  German discounter will increase its minimum pay rate across the UK to GBP 8.53 an hour, making its staff the highest paid in the supermarket sector. Meanwhile, the UK government is getting tough on employers who fail to pay the minimum wage. Repeat offenders could spend up to two years in jail. ▪
usa
A smart purchase for Walmart   Jet.com has purchased online footwear retailer ShoeBuy for approximately US$ 70 million,  giving its parent company, Walmart, more firepower against rival Amazon, which owns ShoeBuy’s main competitor, Zappo, and a stronger foothold in the world of e-commerce. ▪
Cashing up and closing down   In an effort to raise more funds and stay afloat, struggling retailer Sears has agreed to sell its Craftsman tool brand to Stanley Black & Decker for approximately US$ 900 million +++ US supermarket chain Giant Eagle has announced plans to close five supermarkets and four GetGo locations by March. ▪
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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
trends down under
Unfair advantages   Retail NZ has called on the government to make the closure of a tax loophole that’s “allowing foreign retailers not to pay their fair share of tax”, when selling low value goods to Kiwis a priority in 2017. A new survey came to the result that New Zealand companies have to pay up if the wish to retain skilled workers. ▪
Ethical goods worth the cost   According to the latest Colmar Brunton Better Futures Report, New Zealanders are increasingly aware of the origin of products. Of 13,000 consumers surveyed, 83% said they would stop buying a company’s products if they were found to be unethical; 72% prefer to work for socially and environmentally minded employers. ▪

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