Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Thursday, 02 February 2017

Hello, dear reader!
Scandinavians feature dominantly in today's issue. Danish toy maker Lego beats Disney by being crowned the world's most powerful brand. Seasoned Ikea shoppers might know instantly that Äpplarö and Västerön are product names of outdoor furniture, but what is the secret behind this strange-sounding taxonomy? Check it out and get also informed about other developments in the weird and wonderful retail world.

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EUROPE
Reckitt to buy in the US   In a bid to push further into the healthy-products segment and bolster its presence in Asian markets, British consumer goods multinational Reckitt Benckiser Group is reportedly in talks to buy Illinois-based baby-food maker Mead Johnson Nutrition for US$ 16.7 billion. ▪
Arla Foods commits to UK   The Denmark-headquartered dairy giant has announced a supply chain investment of EUR 335 million globally this year, of which EUR 37.5 million will be spent to upgrade its UK production facilities. The European co-operative is owned by 12,700 dairy farmers including 2,700 in Britain. ▪
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Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
www.ife.co.uk/lebz
Dixy is set to grow   Russia's third largest food retail company saw double-digit sales growth in 2016 and generated a revenue of around EUR 4.8 billion. In addition, the group has opened 94 new stores and increased its footprint in the Kaliningrad region by launching 8 new supermarkets. ▪
Lego claims top spot   The Danish toy maker has been named the world's most powerful brand by strategy consultancy Brand Finance. Despite Brexit, Lego not only stays in Britain, but also the company has decided to expand its London base, adding more than 50% in office capacity to its operations in the UK. ▪
South Pacific & Middle East
Grocery competition in Australia   Department store David Jones, owned by South Africa's Woolworths Holding, is set to invest A$ 100 million in the country's lucrative food market and has unveiled a new range of fresh produce. Meanwhile, Australia's major supermarket chains have reduced prices of beef products up to 22% compared to last year. ▪
Eyeing expansion   British toy chain The Entertainer partners with Dubai-based retail and lifestyle corporation Apparel Group. Together they plan to open up to thirty stores across the Middle East. UAE-based Majid Al Futtaim, which also owns Carrefour franchise rights, has announced a rise in profit for 2016 and is also set to continue its expansion in the region.  ▪
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USA & CANADA
Home improvement projects   Lowe's Canada is growing its workforce and will fill 2,800 positions to get through the busy spring and summer season, while US retailer The Home Depot has announced its first major investment in a wind-powered renewable energy project in partnership with EDP Renewables North America. ▪
Battle over trade secrets   California-based Restoration Hardware has filed a lawsuit against Crate and Barrel, accusing the rival furnishing retailer of stealing trade secrets related to the operation of in-store food and beverage services and luring away executives. ▪
UNUSUAL & REMARKABLE
Speaking Ikea   Getting familiar with strange-sounding product names such as Häxört, Äpplarö or Västerön is part of the joy of shopping at Ikea's giant stores. Yet, there is a system behind the terminology. Check out how Swedish lakes and Scandinavian boy's names relate to the flat-pack retailer's offer. ▪
Beat the queues   According to newly released survey figures, Sainsbury's customers have the shortest wait times at checkouts, while shoppers at Walmart owned supermarket Asda will spend the longest standing in line - at two minutes and 14 seconds.  ▪
Save the bacon   The announcement that the frozen pork belly inventory in the United States has hit a record low caused a mild panic among consumers. It turned out that this was a marketing stunt from pork producers and the country was reassured that it is not going to run out of bacon.  ▪

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