Hello, dear reader,
German retailers are adventurous when it comes to expanding overseas. Take Aldi and Lidl for example, their success in Britain alone is legendary. While the former is about to detail its entry to Italy, the sister company of the latter, Kaufland, is set to conquer the Australian market. The race is on. Enjoy your Friday bulletin and have a relaxing weekend.
Asia & Australia
EXBERRY® MICRONISED POWDERS: colouring foods for dry-blended applications as well as soluble mixes.
Do you answer the growing consumer demand for natural colours in food and drinks? Several times finer than our standard powders, EXBERRY® Micronised Powders are suitable for use in soluble mixes as well as in dry applications. It gives the final product a smooth and consistent appearance.
Find out more in our Specialist Paper!
In the Philippines, Seven Corp, the local licensee of convenience store chain 7-Eleven, is set to open 412 stores in the country this year. The Manila-based company expects that its network will include 3,500 to 4,000 outlets by 2020.
Aldi gets serious in Italy
The German discounter is well on the way to setting up shop in Venetia and searching for another DC in Milan. Italian media speculates that Aldi will open up to 20 outlets this year and kick-start the entry via acquisition. German Retail Blog puts the pieces together and explains.
Despite a slowing growth and a lower profit, Danish toy maker Lego is satisfied with the highest revenue in its 85-year history +++ As anticipated, British supermarket operator Morrisons finds to its former glory and posted an annual profit as well as a turnover of GBP 16.3 billion.
USA & Latin America
Tackling online rivals
American retail heavyweights such as Walmart and Kroger are boosting their delivery services to compete with their e-commerce competitors. In a recent move, Michigan-based supermarket operator Meijer has signed a deal with Alabama delivery service Shipt to expand home delivery across the Midwest.
Pepsico to acquire in Brazil
The US soft drink giant has reportedly made an offer to buy local dairy group Fábrica de Produtos Alimentícios Vigor for US$ 1.9 billion. The group produces yogurts, spreads and cream cheese and operates seven manufacturing sites in the Brazil. Pepsico didn't comment.
Adidas gains ground
After enjoying stellar results for the year, the German sportswear giant is increasing its focus on the US market, where it is challenging rival Nike. Adidas' strategy is the same as the one that has made fast-fashion retailers Zara and H&M so successful.