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

Hello, dear reader!
Here's what consumers and retailers have been waiting for: A new app that promises to reduce checkout waiting times by 70%. Other news today include Australian partnerships to reduce food waste, takeover and support plans, and why cloud-based Shopify is very busy these days. Enjoy the read and have a great start to the week.


asia & australasia
Japan Tobacco interested in Reynolds   The Tokyo-based tobacco giant is reportedly in talks to buy cigarette assets, worth about US$ 5 billion, from Reynolds American as the company seeks to expand outside of its shrinking home market. The Reynolds portfolio includes Natural American Spirit cigarettes, Pall Mall, Camel and more. ▪
Partnerships Down Under   Supermarket operator Woolworths has teamed up with Australia’s leading local food rescue organisation, OzHarvest, to eliminate food waste +++ New Zealand-based international honey company Comvita is investing NZ$ 2 million in fish oil company Seadragon to secure its fish oil supply. ▪
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Costa grows with berries   Australia's largest produce company recorded a 3.5% rise in revenue for 2015. This result would have been better if it weren't for the costs of going public and the start-up of Costa Asia. Berries were the category with the highest growth. ▪
Supporting Digital India  High-profile Silicon Valley stars and start-ups, including Facebook's Mark Zuckerberg, showed support for the passionate 'Digital India' initiative, presented by India's Prime Minister Narendra Modi in California. ▪
Irish cider maker interested in Carlsberg   Irish drinks group C&C, owner of the cider brands Bulmers and Magners, reportedly had talks with Danish brewing giant Carlsberg over acquiring its UK arm. Those negotiations ended without a deal being agreed, but analysts see strategic merits in this takeover bid. ▪
Down with queues   European software provider Xhockware developed a supermarket app called 'YouBeep', which is designed to help reduce checkout wait times by more than 70% +++ Coffee giant Starbucks will bring its ‘Mobile Order & Pay’ service to select UK stores, allowing customers to make their order in advance. ▪
Asda encourages sustainability   'Simply Sustainable Biodiversity’ is the title of a new guide launched by Linking Environment and Farming (LEAF) to help farmers manage their land. The guide was developed with support from British supermarket chain Asda. ▪
usa & canada
Albertsons prepares for IPO   The grocery giant with more than 2,000 stores has updated its initial public offering and expects to raise US$ 1.84 billion. Antitrust regulators allowed Albertsons to hire staff from troubled competitor Haggen, while the latter plans to rebuild the company around a core group of 38 stores. ▪
Shopify makes payment easy   The cloud-based omnichannel retail platform is launching a new credit card reader that will allow its US-based merchants to securely accept chip and PIN, tap, and swipe credit and debit cards. The reader will also accept contactless payment technologies like Apple Pay.  ▪
Rebranding and expanding   JackRabbit is the new name under which the Running Speciality Group will run all its stores from November. Meanwhile, hypermarket chain Meijer expands its Skechers concept shop to four additional stores. ▪
latin america
Dia increases sales in Brazil   The Spanish supermarket chain that relies on emerging markets for more than a third of revenue, expects sales in recession-hit Brazil to grow more than 10% ▪
Skol ranks on top   Brazilian beer brand Skol is the most valuable brand in Latin America, according to a ranking. The AB InBev beer brand has risen 20% in 2015, taking its brand value to US$ 8.5 billion. ▪
Dole pesticide case reopened   A US Court of Appeals has granted a rehearing of a case involving 200 Central American banana workers who claim the use of pesticide dibromochloropane (DBCP) on Dole Food Company farms had made them sick.  ▪

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