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Retail Update - powered by LebensmittelZeitung

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255-year-old British toy retailer Hamleys is on the verge of being bought by a Chinese footwear retailer. Apple is set to support solar energy in China. Across the US, beer-flavoured ice cream will be available from November. Enjoy reading about these thought-provoking developments and don't forget to share RetailUpdate with your friends and colleagues.

asia & australia
Vorwerk arrives Down Under   Godfreys, one of Australia's and New Zealand's largest speciality retailer, announced to launch premium products from German manufacturer, Vorwerk, with the aim to shake things up in the A$ 1.3 billion vacuum cleaner market. ▪
Apple goes green in China   The tech giant has announced new projects that will boost its mission to rely on renewable energy in the country. One initiative involves building 200 megawatts of solar projects and another to work with manufacturers to become more energy efficient. ▪
Xiaomi and Myntra have ambitious goals   Indian online retailer Myntra is aiming to achieve US$ 5 billion by 2018-2020, currently their gross merchandise sales volume is US$ 500 million. Meanwhile over in China, smartphone maker Xiaomi sees its future as an internet company with the potential to cross swords with titans such as Alibaba. ▪
Chinese shoe firm buys Hamleys   Hong Kong-listed women’s footwear retailer C.banner International Holdings will buy the 255-year-old iconic British toyshop for around GBP 100 million. Hamleys is best known for its flagship property on Regent Street in London. ▪
Results and revelations    Russian retailer X5 Retail and Sweden's Axfood have separately reported strong sales growth for their fiscal third quarters. Over in Britain, global children's retailer Mothercare remains on recovery track for its full year expectations, and Michael Sharp, CEO of Debenhams, has announced that he will be stepping down from the business in 2016. ▪
Fyffes ends imports from Belize   The Irish fruit company has stopped buying bananas from Mayan King, the biggest producer in Belize, because of its links to a local businessman named by US authorities as a drugs kingpin. ▪
usa & canada
Amazon and Ebay post surprising profits   Online giant Amazon reported a 17% profit on revenues of US$ 25.36 billion, boosted by strong North American sales and the growth of  its cloud computing unit. Meanwhile, competitor Ebay recovers after its Paypal split with a third-quarter profit and sales that topped analysts’ estimates. ▪
Fresh & Easy closes down   After nearly a decade of struggling, the Californian-based grocery chain and Tesco’s first US venture will close all 97 of its remaining stores and lay off all 3,000 of its employees. However, the company is still holding out hope for a buyer. ▪
Virtual shopping experiences   US retailer Kohl's integrates digital with physical and offers its customers the "omnichannel shopping bag" this holiday season. Meanwhile, Mastercard is set to simplify online shopping by introducing Identity Check, a technology solution to prove a consumer’s identity, and has also revealed survey results about the "Omnishopper 2016". ▪
Beer-flavoured ice cream launched  US-based icecream manufacturer Ben & Jerry's has teamed up with New Belgium Brewing in order to create a new ice cream with the flavour of the drinks-maker’s Brown Ale, which contains fudge and salted caramel brownies. ▪
Dia expands in Nigeria   First Master Retailers, the Nigerian operator of Spanish supermarket chain Dia, plans to open more than 100 stores by 2020. Nigeria is the third African market to have the company’s stores after Ivory Coast and Senegal. ▪
Clicks commits to growth   South Africa's leading pharmacy, health and beauty retailer, Clicks Group, will continue to invest for long-term growth. The company will open 20-25 new stores and 25-35 new pharmacies, 50 stores will be refurbished.  ▪
Famous Brands lifts dividend   Johannesburg-based fast-food and restaurant chain Famous Brands recorded an increase in revenue and declared an improved interim dividend despite subdued economic conditions in its markets. ▪

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