Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 17 January 2017

Hello, dear reader!
Australia's Woolworths names Tesco veteran as its new supermarket boss. Japan's Sumitomo gets the green light to acquire fruit major Fyffes, and Detsky Mir, Russia's biggest toy retailer, finally goes public. In the US, Whole Foods bets on local suppliers and a convenience chain eyes Florida for growth. Enjoy the read and feel free to share the news.

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asia & australia
Decisions Down Under   Australian retail giant Woolworths has appointed Claire Peters as its new supermarket boss. Currently, she is CEO of Tesco Thailand, which saw stalled sales growth in Q3 as Thais stopped spending while mourning for their late king. Meanwhile in Australia, all major supermarkets have lift their prices ahead of Amazon's arrival in the country. ▪
E-commerce alliance   Indian online grocers BigBasket and Grofers are reportedly in talks about a possible merger. If the deal goes through, it will be one of the most significant moves towards consolidation in a sector, which has been heavily reliant on investor capital to grow in the recent years. ▪
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India's economy thrives   The Indian government considers tightening foreign investment rules in the tobacco sector, which might affect cigarette company Philip Morris' plans to invest  in the country's US$ 11 billion tobacco market. India is said to be one of the fastest growing major economies globally in 2017. ▪
europe
Detsky Mir to go public   Russia's largest children's goods retailer plans an initial public offering in Moscow in the next few weeks. This is one of the first major flotations after a recovery in oil prices and signs that the country's economy is stabilising. Detsky Mir had looked into a stock market listing as early as 2013. ▪
Supporting good causes   Britain's Asda has developed a matchmaking app allowing suppliers to eliminate food waste in the supply chain. Consumer goods giant Unilever commits to using 100% recyclable plastic packaging by 2025 and Coca-Cola European Partners promotes the Zero Sugar brand with a GDP 4.5 million advertising campaign. ▪
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Fyffes becomes Japanese   Shareholders of the Irish fruit distributor have overwhelmingly approved the EUR 751 million takeover bid from Japanese food group Sumitomo Corporation. The acquisition, announced in December 2016, brings together the two largest banana distributors in Asia and Europe. ▪
Beiersdorf tops analysts' expectations   The Nivea cream producer, Beiersdorf, reports a 3.2% rise in organic sales for 2016. According to preliminary results, sales grew to 6.75 billion euros. The operating profit-margin target was confirmed.   ▪
usa & Latin America
Whole Foods sources locally   The Texas-based supermarket chain is looking for unique products from local growers and producers to feature in the new Riverdale Park Station store, scheduled to open in late spring 2017. The company defines local products as grown or produced within 100 miles of a store. ▪
Wawa to grow in Florida   The Pennsylvania-based convenience store chain plans to open 25 to 30 stores every year in the Sunshine State during the next several years. Wawa will start its push with a first wave of stores opening in Palm Beach and Broward Counties. ▪
Increasing efficiency   Electronics chain Ricardo Eletro, subsidiary of Brazilian retail company Máquina de Vendas, is set to work with software solutions from Oracle to streamline its operations. The company faces the challenge of integrating more than 900 stores and 12 distribution centres. ▪
Unusual & remarkable
Replacing stickers   In response of consumer demand for less packaging and to get rid of the humble fruit sticker, Dutch fruit and veg supplier Nature & More and Swedish supermarket ICA have joined forces to run a trial to replace sticky labels on organic avocados and sweet potatoes with a laser mark. ▪
An Uber for parcels   South African start-up WumDrop aims to be the 'Uber' for same-city deliveries and has launched its Deliver 2 Me service, which allows users to deliver packages to the exact location of recipients by determining their GPS location on their smartphones. ▪

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