Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Friday, 12 May 2017

Greetings!
The German discounter Aldi is on a roll. In the US, Aldi gives Walmart a run for its money and has also revealed ambitious growth plans for the UK. Meanwhile the world’s biggest candy-makers, usually in fierce competition, are sharing in a joint bid to make their sweets a lower calorie treat. Read all about it in today's RetailUpdate and have a relaxing weekend.

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USA
Battle for price leadership    Aldi is trying to beat Walmart to become price leader in the US. The German discounter will reportedly expand its offering of private label products. This will be another headache for the US big box retailer as its CEO, Doug McMillon, is under scrutiny over allegations of bribery.  ▪
Department store doldrums    The latest quarterly results for a struggling department store sector have highlighted a challenging operating environment amidst a shift to online shopping and declining foot traffic. Macy’s along with Nordstrom and Kohl’s all reported lower sales over the quarter.  ▪
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Sweet nothings    US candy-makers are banding together to drastically reduce the calories in some of their biggest sellers. Companies including Mars, Nestle, Wrigley and Lindt promise that half their individually wrapped goods will contain no more than 200 calories within five years.  ▪
Europe & Middle East
Aldi ramps up    The German discount powerhouse has laid out plans to dominate the British market, saying there will be a store for every 30,000 people, potentially quadrupling its current size in the country. Aldi is currently operating 700 stores in Britain. ▪
Brighter outlook    Analysts are hoping to see the first green shoots of recovery in Spanish co-op Eroski’s upcoming 2016 results after four years of losses. Commentary from Retailytics suggests recent comments made by the struggling grocer point to it being ‘on its feet, but convalescent’. ▪
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Buying British    UK retailer The Co-operative is extending its lamb farming group to meet its promise to stock only fresh British lamb all year round. There are now 32 farms participating across the region. The move is part of its overarching ambition to become the first British retailer to sell only 100% fresh British meat.  ▪
Easing online search   Tel Aviv-based start-up Twiggle, focused on simplifying the search for products online, has received US$15 million in new funding from MizMaa Ventures and Korea Investment Partners. The boost brings total funding to US$ 33 million including from online heavyweights Alibaba and Yahoo. ▪
Asia & Australasia
Starbucks thrives in China    The US coffeehouse chain is pointing to WeChat as a key component to its successful growth in China. The digital device now accounts for nearly 30% of all transactions, following the launch of a partnership with its parent company Tencent last December. ▪
Digital decision   New Zealand retailer Warehouse Group posted a slower rate of sales growth in the third quarter, but says they were in line with expectations. The company also hired an international digital guru, Timothy Kasbe, as its chief information officer.  ▪
Daily Greens
Lettuce bulk-buy    Tesco has bought thousands of small iceberg lettuces as part of its ongoing efforts to reduce food waste, which will be sold under its Perectly Imperfect range. The purchase comes after unseasonable weather conditions led to a bumper crop.  ▪
Zespri eyes China    The world's largest kiwifruit marketer Zespri is kicking off its second season of growing trials with Chinese growers. The New Zealand company wants to ultimately supply the market with fruit grown in the country. ▪

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