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Retail Update - powered by LebensmittelZeitung

Traditional retailers in China are encouraged by the government to embrace new technologies to compete with their online rivals. In Europe, expansion plans and dairy deals dominate the headlines and in the US, another billion-dollar deal is taking shape.  Enjoy the read and spread the word if you like it. 


Jollibee goes global   Asia’s largest fast food restaurant operator, Jollibee, is planning to enter seven new markets. The Philippine-based multinational chain wants to bring flagship stores to the UK, Italy, Canada, Malaysia, Oman, Australia and Japan. ▪
Meet your online rivals   The Chinese Ministry of Commerce is set to encourage traditional retailers to embrace new technologies and push forward omnichannel strategies to compete with their e-commerce rivals. Meanwhile, Chinese mobile phone giant Huawei has opened a retail outlet in Nairobi, Kenya. ▪
Adidas opens own store in India   The German sporting goods maker is the first multinational sportswear company to get government approval to launch foreign-owned stores in India. The first store will reportedly open mid next year. ▪
Snapdeal hires new staff  At a time when start-ups are axing jobs, the online market place is looking to employ 500 people at mid and senior levels. The Gurgaon-based company has also launched an automobile platform. Snapdeal Motors is targeting a gross merchandise value of US$ 2 billion. ▪
Dia expands in home market    The Spanish retail group will add as many as 2,000 outlets to its current 4,911 stores in Spain over the next few years. Dia, which reported record results last week, wants to increase its market share in the country from 9% to 15%. ▪
Tesco pleases dairy suppliers   Britain’s biggest supermarket is sourcing a new deal with dairy farmers, whereby every three months the retailer will review the price it pays for milk. The company's Tesco’s Eat Happy project proves to be successful with one million children taking part so far. ▪
Results, results, results   While Germany's Beiersdorf AG, the company behind Nivea skin cream, reported earnings that topped analysts’ estimates, chocolate maker Barry Callebaut lowered its production forecast amid high cocoa prices. And British icon Marks and Spencer, regarded as a barometer of UK consumer demand, has posted a sliding net profit. ▪
Mondeléz closes in Portugal  The US multinational has announced the closure of its biscuit manufacturing plant in Mem Martins, Portugal, leading to the loss of around 100 jobs. The company is moving production to the Czech Republic. ▪
 usa & Canada
Mega deals and acquisitions   The world's largest online travel agency by bookings, Expedia, is buying rental site and Airbnb rival Homeaway for US$ 3.9 billion in cash, while Illinois-based supermarket company Niemann Foods will acquire six County Market stores, owned by Covington Foods.  ▪
Kraft cuts thousands of jobs   Newly merged food maker Kraft Heinz plans to close seven manufacturing plants in North America, resulting in the loss of 2,600 jobs. The company will invest hundreds of millions of dollars in upgrading its facilities. ▪
Whole Foods partners with bakery   The nation’s leading national and organic grocer has teamed up with Brooklyn-based bakery Bien Cuit to offer certified organic bakery items in the Northeast. In other news, Whole Foods expressed concerns due to the weakness in its same-store sales. ▪
Continent with opportunities   Africa offers significant retail investment opportunities according to Deloitte’s just released African Powers of Retailing report. The top 25 listed retailers collectively earned revenue of US$ 44.3 billion, with Shoprite named the number one retailer followed by Massmart and Pick n Pay.  ▪
Choppies seals deal in Kenya   The Botswana-based supermarket chain has sealed the deal to take over supermarket company Ukwala. The acquisition gives Choppies a platform to grow its business in the largest economy in East Africa. ▪

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