Premium or private label - Aldi sends some conflicting messages, while Walmart and Target reveal their latest brand partnerships. Finnish cooperative S Group acquires food courts and South Africa's Foschini eyes a takeover in Britain. Get informed and feel free to share. RetailUpdate remains FREE.




Tuesday, 04 July 2017





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Premium or private label - Aldi sends some conflicting messages, while Walmart and Target reveal their latest brand partnerships. Finnish cooperative S Group acquires food courts and South Africa's Foschini eyes a takeover in Britain. Get informed and feel free to share. RetailUpdate remains FREE.

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Europe & Africa


Food competence ▪ Following its recent decision to list Tesco premium brands, retail cooperative S Group has signed an agreement with department store operator Stockmann to acquire its Finnish food courts. Over in the UK, Subway has revealed ambitious plans. The sandwich chain aims to open 3,000 new restaurants by 2020.



Takeover talks ▪ Although British convenience retailer Nisa has reported a drop in sales, it returned to profit as its takeover by Sainsbury's looms. Newsagent McColl has entered the discussion about the proposed merger. Meanwhile, South Africa's Foschini Group has expressed interest in acquiring British retail chain Hobbs.



Aldi's price promos ▪ The discounter is “seriously contemplating” the introduction of special offers for leading brands in Germany, an area the company is not really experienced in. In Australia, however, Aldi is fostering private labels and has just sealed a deal with UK snack manufacturer Seafood Crisps to supply its nearly 500 stores across the country.




USA


Private premium brands ▪ Baby health product company Bemax has signed a contract to supply Walmart's online store with private label nappies, while Target is doubling down on its efforts to distinguish itself with exclusive brands. The discount retailer has announced it will launch three new apparel and one new home goods label.



Securing approval ▪ Addressing antitrust concerns following its purchase of US soy milk maker WhiteWave, French food group Danone has agreed to sell its US dairy business Stonyfield to Lactalis for US$ 875 million.



Robots in the sunshine state ▪ Amazon will open a mega warehouse in South Florida, staffed with robots and more than 1,000 workers. While the online retailer has some distribution centres in Miami already, this would be the first big warehouse in the southern part of the state.




Asia


Fresh initiatives ▪ Chinese e-commerce company JD.com has made a strategic move into bricks and mortar by investing in fresh produce chain store operator Qiandama, which currently operates over 260 community stores. In India, a pilot project has been launched to open fresh fruit and vegetable outlets at selected petrol pumps in the city of Bhubaneswa.



Rakuten revamps logo ▪ The Tokyo-headquartered retail giant, which celebrates its 20th anniversary this month, has unified its global branding, reducing the number of Japanese characters and giving the brand a bolder look. The company says the new logo better represents its core strategy.



Asahi sells in China ▪ Japan's biggest beer producer is set to get rid of its remaining 20.4 % stake in China's Tingyi-Asahi Beverages, selling it for US$ 614 million to joint venture partner Tingyi Holding. The proceeds would be redirected to other foreign investments.




Inspiring ideas


Carrefour bets on snacks ▪ The French retailer is testing a convenience store formula called Bon’App, which is different from the other formulas because it focuses solely on immediate consumption, on pure impulse buys.



Waitrose recycles wraps ▪ The UK retailer is introducing new packaging for its own brand sandwich range that will be easier to recycle. It will primarily be made from cardboard, which can be easily separated from the plastic film that covers the food.