Hello, dear reader,
Driven by an improving economy in Thailand, British retail major Tesco will considerably increase its store network in the country. Consumer product giant Unilever is set to expand in Myanmar through a joint venture and tech icon Apple opened its first outlet in Singapore. Enjoy the latest news collection and have a great start to the week.
Tesco commits to Thailand
The British retail chain, which already operates 1,900 outlets in the country, plans to open 100 more stores in various formats, including hypermarkets, this year. The company also wants to increase the exports of perishable products from Thailand to Britain.
Unilever expands in Myanmar
The Anglo-Dutch consumer goods giant has announced a joint venture with the Europe & Asia Commercial Company to boost its current operations in Myanmar. The new entity will manufacture, market and distribute home and personal care products.
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More store launches
Chinese smartphone maker Xiaomi is taking its offline efforts to India, its biggest market outside its home country, and will open its first standalone Mi Home Store in Bengaluru. Meanwhile, Apple is getting ready to debut on Singapore's famous Orchard Road.
German wholesaler Lekkerland has seen sales grow 4.2% to EUR 13 billion in 2016 and expects that operations will remain steady this year despite a challenging market environment +++ Danish brewer Carlsberg beat expectations with an organic net revenue growth of 4% in the first quarter.
Benefits for shoppers
Austrian retailer Billa, a unit of Germany's Rewe group, has announced that it is introducing new point of sale services. The retailer will launch a DHL package shop in 700 Billa stores, where customers can collect or send packages and also wants to implement a 'Cash 2 Go' service in all 1,050 stores.
Nestlé sells in Italy
The Swiss food giant has sold a number of brands in Italy to Germany-based frozen food group Frosta, which is expected to continue the development and promotion of La Valle Degli Orti, Mare Fresco and Surgela.
USA & Canada
Florida-based grocery chain Publix has launched its first ever concept store in Gainesville. The unique mix of traditional and specialty products along with a selection of prepared foods will make it a hot spot for food-savvy shoppers, says the retailer. Here are some images.
Grocery delivery service start-up Shipt is expanding its partnership with wholesale giant Costco and plans to double its overall market size this year. At the same time, a new report released by Wells Fargo reveals most consumers still are "reluctant to shift food purchases online".
Canadian conglomerate Empire has launched a US$ 500-million cost-cutting plan to turn around its struggling Sobey's grocery business +++ After lower-than-expected Q2 results, Colorado-based Natural Grocers announced that it will build fewer stores this year than initially anticipated.
Cornershop, a grocery-delivery app that operates in Chile and Mexico, raised US$ 21 million in a financing round as it starts to expand and potentially get ahead of looming competitors like Instacart. Cornershop works with shoppers to track down products in stores and then deliver them.
Brazilian brewer Ambev has ended its first quarter with increased beer sales, but lower profits due to inflation. The company sees a positive trend in Latin America, but remains cautious in Argentina, Central America and the Caribbean.