Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 11 January 2017

Hello, dear reader!
Korean tech giant Samsung closes the gap with Apple, while India's Flipkart fights Amazon for market share. Official figures reveal that discounters are still gaining momentum in Britain, although Tesco emerges as Christmas winner. US retailer Walmart eliminates more jobs and cosmetics companies L’Oréal and Coty are ramping up their portfolios. Get informed and enjoy the read.

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asia
Samsung eyes Vietnam   The South Korean tech giant is in talks with Vietnamese authorities to invest US$ 2.51 billion in the country, which is a major smartphone manufacturing base. This comes after Samsung reported a surprise surge in its Q4 profit and revenues of US$ 44 billion, narrowing the gap with competitor Apple. ▪
Mexican food for China   Mexican-inspired restaurant chain Taco Bell has launched its first outlet in Shanghai. Its Kentucky-based parent company Yum! Brands owns nearly 43,000 restaurants in 135 countries and opens more than six new ones a day on average. ▪
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The leading business platform for retail industry : C-star 2017
C-star - Shanghai's International Trade Fair for Solutions and Trends all about Retail, will be held in Shanghai from April 26 to 28, 2017. As the most international retail event in China, C-star covers four major product areas including Shopfitting, Retail Technology; Visual Merchandising and Stand Construction. More information, please visit
www.c-star-expo.com.
Shake-up at Flipkart   India’s largest e-commerce company has named former investor Kalyan Krishnamurthy as its new CEO. More senior execs are likely to resign. The shake-up is regarded as part of Flipkart's intense battle against rival Amazon, which has ramped up its payment business in the country. ▪
europe
The battle goes on   Data from Kantar Worldpanel reveals that discounters in Britain continue to gain market share, although Morrisons reported its best performance in 7 years. Tesco has emerged as the winner in Christmas sales and continues to establish its dominance. Earlier this week, the retailer launched a brand-new advertising campaign. ▪
Price cuts in Finland    In an attempt to encourage consumers to eat healthy, Helsinki-based retailing cooperative S Group has announced that it will reduce the prices of almost 900 grocery items, including those of more than 100 home-grown vegetables, at its various banners. ▪
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French initiatives   With animal welfare becoming a higher priority, retail group Les Mousquetaires will no longer sell eggs from caged chickens in its chains Intermarché and Netto from 2025 onwards +++ In cooperation with publicity platform Imedia Center, Auchan has started to install instore advertising screens in 120 hypermarkets across the country. ▪
usa & canada
Walmart continues streamlining   In a bid to reduce costs, the US retail giant is reportedly planning to axe hundreds of jobs at its headquarters and in regional offices by the end of the month. In September last year, the company began cutting some 7,000 accounting and invoicing positions. ▪
Cosmetics mega deals   Paris-based L'Oréal group strengthens its skincare business with a US$ 1.3 billion acquisition of three pharmacy brands  from Canadian manufacturer Valeant Pharmaceuticals +++ Beauty products maker Coty will spend US$ 600 million to buy a majority stake in Younique, a start-up which sells through social-media platforms. ▪
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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
7-Eleven improves POS   The Texas-headquartered international convenience chain is overhauling its point-of-sale fleet and has entered an exclusive agreement with NEC, a global leader in retail solutions. 8,600 7-Eleven stores throughout the US and Canada will be outfitted with a new POS-system. ▪
what to watch
Apple stays clean   The US tech giant has again earned the title of the greenest company in the world, according to Greenpeace, which evaluates how much clean energy companies use from renewable resources. Facebook and Google also did well, while Amazon and Samsung were found to be lagging. ▪
Fighting food waste   While the food and drink industry in Britain has hit its target of reducing food and packaging waste, urgent action is needed to help cut household waste, where efforts have "stalled". These are findings from the Courtauld Commitment 3, a voluntary agreement in the grocery sector. ▪

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