Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung

Hello and good day!
There is plenty going on in the retail world. Alibaba is poised to make a huge investment in a Chinese financial media outlet, Tesco is putting surplus food to good use, and Japanese shoppers could soon be greeted by robots, instead of people. All these stories and more feature in today’s RetailUpdate.


asia & australasia
A big investment for Alibaba   On Wednesday, Chinese media reported that e-commerce giant Alibaba is poised to invest over US$ 161 million in financial media outlet China Business Network. Meanwhile, their film and entertainment unit, Alibaba Pictures Group Ltd, plans to raise US$ 1.6 billion in a share offering to finance media-related acquisitions. ▪
Maggi concerns cause Nestle stock to drop   Amid growing concerns over the safety of its Maggi noodles brand, Nestle India shares have dropped by 9%. The company says they have not yet been ordered to recall any of the Maggi noodles. ▪
C-star is China's most international retail show
The first edition C-star was a huge success. On a net exhibition space of 5000 square meters, C-star featured 162 exhibitors from 23 countries. Despite being held for the first time, 5721 visitors from 59 countries and regions came to visit the show, with 18% coming from overseas. This makes C-star China's most international retail trade show.
Join us next year for another exciting edition of C-star!
Figures from Down under   New Zealand’s largest fast-food operator, Restaurant Brands, has reported a 15% increase in sales during the first financial quarter +++ Australian wholesaler Metcash announced it will not pay dividends for 18 months after A$ 640 million profit hit. ▪
A frozen-food giant in the making   Nomad Holdings Ltd plans to purchase frozen-food producer Findus Group. This follows Nomad’s agreement to acquire Iglo Food Holdings Ltd, the world’s second-largest frozen-food manufacturer. The combination of the two will create a frozen-food giant. ▪
Aldi to expand in Poland   Aldi is set to open its first store in Warsaw on June 10. So far, the leading discount supermarket chain has focused on opening new stores in the west and south of Poland. ▪
Tesco to give waste to charity   UK’s biggest supermarket, Tesco, is starting a scheme with food-redistribution charity FareShare. The scheme could see thousands of tonnes of surplus food from its stores distributed to local charities. Tesco admits it wasted 55,400 tonnes of food last year. ▪
Amazon introduces free shipping   The e-tailer’s new offer allows customers to purchase inexpensive goods one at a time without having to worry about paying for freight — even if the freight costs more than the value of the item. Meanwhile, Amazon has partnered with Universal Pictures and Illumination Entertainment allowing them to advertise on delivery boxes. ▪
Wendy’s sells bakery   On Tuesday, the fast-food company announced that it has sold its bakery in Zanesville to Chicago-based Balt bakeries. The facility will continue to serve as one of Wendy’s bakery vendors. ▪
Changes at Walmart   As part of its effort to improve customer service, the leading retailer announced it is making ‘small but significant change’ to its employee name badges by including ‘Our people make the difference’. Other initiatives include replacing outdated handheld ordering units, bringing back in-store music and relaxing the dress code. ▪
strange but true
Dandelions for dinner   The demand for superfoods is increasing. As a result, dandelions have become more popular — despite the bitter taste.  As it happens, the plant, which sprouts uninvited in many gardens,  is rich in vitamins A and K. ▪
The robots are coming   Japanese shoppers could soon be greeted by a robot when they visit their local store. Backers say robots attract customers and increase sales because they can handle detailed tasks and speak multiple languages. ▪

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