Hello, dear reader!
With the help of Twitter, researcher Dunnhumby will show brands how to link ads to sales. Meanwhile, parent company Tesco is about to enhance shopping experience with Google Home, and Lidl is set to increase its investment to source Ireland's best products. Over in the US, Kroger works on a new convenience concept. Enjoy the read.
Dunnhumby and Twitter have partnered to help FMCG brands in the UK quantify how their investment in advertising on the social media platform impacts sales, and parent company Tesco offers its customers to shop using their voice by supporting the technology of Google Home.
ICA Gruppen surges online
The Swedish retail group posted a slightly better-than-expected Q1 result amid a significant surge of online sales, which might encourage more independents, according to Retailytics. The grocer also announced that its greenhouse gas emissions have decreased considerably.
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USA & Canada
Office supply chain Office Depot reported a bigger-than-expected quarterly profit after streamlining its business by shutting underperforming stores. Party City also has reason to celebrate as earnings and revenue topped expectations. The party supply retailer will now launch an online marketplace.
Asia & Australasia
Alipay arrives in America
Alibaba's Ant Financial unit has inked a deal with payment processor firm First Data that will allow its payment service to be used with more than four million retail partners in the US. The deal is the first of its kind for Alipay, which claims 450 million users worldwide.
Xiaomi debuts in Mexico
The Beijing-based smartphone maker is looking beyond its home market for growth and has launched a new product line in the Mexican market. The move will enable Xiaomi to bring more of its products to the Latin American region, where it already has numerous partnerships.
Nakumatt cuts costs
The ailing Nairobi-headquartered supermarket operator plans to close its poorly performing stores in Kenya and Uganda and open new outlets at carefully selected high traffic locations. The retailer is betting on a restructuring programme to cut operational costs
Catalyst Principal Partners, a Nairobi-based private equity firm has acquired regional confectionery manufacturer Jambo Biscuits for an undisclosed sum. The company, which now employs about 300 workers, started off with biscuits but later diversified.