Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 07 February 2017

Hello, subscribers
The runaway train that is Amazon has created many jobs in recent times. But, how reliant will the company be on people in the future? In this issue, learn about Amazon’s proposed robot-manned grocery store. Also, read how Booker bosses in the UK are addressing concerns over the recent merger with Tesco. Have a great day and don’t forget to share.

ADVERTISEMENT
 

EUROPE
Booker eases concerns   In response to its shock GBP 3.7 billion merger with Tesco, Booker bosses will tour the UK this week to address thousands of convenience store owners who are worried about the implications. Meanwhile, when new figures are released for Kantar Worldpanel’s Grocery Market Share index, arch-rival Aldi is expected to overtake Coop as the UK’s fifth largest grocer.  ▪
Big investments   Over the next four years, Italian confectionery company Ferrero will invest EUR 40 million in its Nutella manufacturing plant at Villers-Écalles, near Rouen in Normandy +++ In an effort to increase its Glanbia Performance Nutrition division, Irish dairy company Glanbia has invested about EUR 181 million to acquire Amazing Grass in the United States and Body & Fit in the Netherlands.  ▪
ADVERTISEMENT
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
Carrefour lay-offs   The French retailer will lay off a total of 500 workers from 57 hypermarkets in Italy. A timeline of 45 days has been set to reach agreement with unions over redundancies. In Spain, rather than staff, Carrefour is removing the environmentally controversial pangasius fish from its supermarkets.  ▪
USA
Tech versus Trump   Along with nearly 100 other technology companies, Apple has filed a legal brief against President Trump’s ban on migration from seven Muslim-majority countries because of the burden the ban will have on the industry wanting to hire talented migrants. In other news, the technology giant is set to more than double the size of its flagship store in Manhattan from 32,000 square feet to over 77,000 square feet.  ▪
New acquisitions   In an effort to speed up its development of connected devices in kitchens and homes, Swedish home appliance manufacturer Electrolux will purchase US manufacturer Anova, which has an immersion cooker that connects smartphones to thousands of recipes, for US$ 115 million +++ US retailer Kroger Co. has purchased the building that houses the New York City flagship of Murray’s Cheese, which has outposts in hundreds of the Kroger’s supermarkets, for US$ 20.6 million.  ▪
ADVERTISEMENT
 
A new look for Abercrombie   Following the recent appointment of its CEO, the upscale US casual wear retailer is launching a new store format that is in line with its new more inclusive and welcoming brand positioning. The store will open on February 17 at Polaris Fashion Mall in Columbus, Ohio. ▪
AFRICA, ASIA & AUSTRALIA
Chocolate prices melting   Thanks to bumper crops last season from the world’s largest producers, the Ivory Coast and Ghana, as well as increasingly health-conscious consumers, benchmark cocoa futures on the Intercontinental Exchange in New York hit US$2,052 per metric ton sinking to a four-year low.  ▪
Chinese spending trends   According to global ratings agency Finch, China’s recent recovery in luxury spending may increase sales in the country’s high-end department stores +++ During the Spring Festival holiday, Chinese consumers spent 30% more on digital entertainment services, such as online videos and literature, according to e-book reader supplier IReader. ▪
News Down Under   Australian retail spending saw 3% year-on-year growth in December, according to the Australian Bureau of Statistics. However, because retailers succumbed to the temptation to discount due to a sluggish start, sales fell short of analysts’ expectations.  ▪
TECHNOLOGICAL TRENDS
Using data to sell you more   It shouldn’t come as a surprise that most of what we purchase is tracked. And by analysing your purchasing habits, sophisticated retailers, such as Amazon, Walmart and Best Buy, can determine what we are willing to pay for a product or service and then apply what is known as ‘dynamic pricing.’ This article investigates.  ▪
Are robots taking over Amazon?   The e-commerce giant uses hundreds of robots in its distribution centres. But, what about your local grocery store? Amazon is apparently considering a two-story, automated supermarket where robots prepare goods on the second floor for shoppers on the main level.  ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by lebensmittelzeitung.net

ImprintArchive