Hello, dear reader!
Swedish powerhouse Ikea is on a success trip in Ireland. Tesco and Waitrose go the extra mile to attract customers. Over in the States, the food industry struggles with recalls and in China, Alibaba eyes more partnerships. Read also about the new cosmopolitan culture at Lidl in Germany and why the food industry should save water. Have a productive start to the week.
asia & New Zealand
Alibaba grows with affiliates The Chinese online giant and its financial service affiliate have sealed a deal with state-owned oil company Petrochina to cooperate on a range of projects, including mobile payments and cloud computing. Alibaba's logistics affiliate, Cainiao Network, aims to further expand its network of service points.
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Kiwi bees and apples in good shape New Zealand bees are healthier than those in the northern hemisphere according to a survey conducted by Landcare Research +++ Dry weather has provided perfect apple growing weather for the country's NZ$ 700 million record crop according to Pipfruit New Zealand.
Ikea on the lookout in Ireland Following record revenues and profits in its Dublin store last year, the Swedish furniture retailer is seeking expansion and has been identifying sites for a second store. Ikea has recorded global revenues of EUR 31.9 billion in 2015.
Food and POS policies British retailer Tesco has announced a new initiative to dramatically reduce the amount of food that goes to waste from its stores +++ Point-of-sale technology developer Ecrebo has signed a deal with Waitrose to supply the grocer with a checkout platform that will work with the myWaitrose loyalty system.
usa & canada
Selling and modernising stores Hudson's Bay, the new owner of Germany's Galeria Kaufhof, plans to invest EUR 1 billion in modernising the department store chain and is interested in more European acquisitons +++ Analysts came to the conclusion that Ahold and Delhaize will have to sell up to 100 US stores to get their merger approved.
Instacart trims costs The grocery delivery startup, which recently announced an extendend partnership with Whole Foods, plans to reduce the wages for its drivers. In another move, Instacart is working with consumer goods companies such as General Mills and Unilever to cut the costs of deliveries.
Recalls in the food industry Swiss food giant Nestlé has recalled 3 million packages of frozen foods from several of its brands in the US due to pieces of glass being found in the food. Constellation Brands has a similar problem with its Corona Extra Brand, where also traces of glass were found. The company takes back select 12- and 18-packs.
Improving corporate culture Germany's Schwarz group, the parent company of discount giant Lidl, is set to move towards greater informality and to embrace a cosmopolitan culture. German Retail Blog explains how the new 'everyone-is-my-best-buddy' policy works.
Be smart and save water The food industry needs to start using water resources in a more sustainable manner according to a new report, which claims to be a practical resource for food and drink manufacturers to improve their water management.