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Retail Update - powered by LebensmittelZeitung
Wednesday, 30 March 2016

Hello, dear reader!
We are delighted to share some news from Latin America in today's newsletter. Read how the Bolivian government will support food security and find out about the challenges Brazil's retailers are facing. In Asia, some manufacturers are looking for domestic alternatives to imports and in Australia, Woolies made a significant move to take on Aldi.

asia & australia
Woolies changes private label   Australian retail giant Woolworths will ditch its 33-year-old Homebrand label and replace it with its more upmarket Essentials packaging in a bid to fend off rival Aldi. Insiders, however, believe that Woolies needs to fix more than Homebrand. ▪
Seeking domestic alternatives   With the launch of new brand Mijia (Mi Home), Chinese electronics giant Xiaomi gives its customers a domestic alternative to products imported from Japan. According to a recent study, Chinese retailers and manufactures are catching up with their overseas counterparts. ▪
Store talk in India   Swedish furniture retailer Ikea wants to buy the lease rights of a 26-acre plot in Mumbai from Tata Group company Rallis +++ US entertainment company Walt Disney is interested in opening up to 50 stores on a licensing and franchisee basis in the country and negotiates those plans with DLF Brands. ▪
Expansion plans   After robust sales growth last year, Spanish frozen bakery company Europastry wants to expand its business in the US. Just recently it bought out American bakery Wenner +++ British etailer Notonthehighstreet plans a major expansion and seeks to raise GBP 25 million in new investment. ▪
Reducing sugar   The Berry Company, one of Europe’s fastest growing drinks brands, has announced plans for a major brand overhaul in 2016. The company will re-launch its existing juice and tea range, available at Waitrose and other stores, with 40% reduced sugar and calories. ▪
Flagship stories    While family-owned bookseller Foyles returned to profit with the help of its new London store, which proved to be a beacon for book lovers, another flagship store, that of troubled department store chain BHS, might go into the hands of Abu Dhabi's royal family. ▪
usa & canada
Accelerating growth   Pet retailer Petco has appointed two more key leaders to its executive team in a bid to achieve its omnichannel growth objectives +++ Online retail startup Ron Johnson, which sells higher-end consumer electronics, has added Los Angeles to its delivery area. Its next market will be Chicago. ▪
Classing up discounts   Furniture company Restoration Hardware is trying to boost revenue by moving away from regular sales to a paid-for membership programme. The high-end retailer has problems with long delays in getting products to its customers, which might affect its sales. ▪
Haggen takeover approved   Idaho-based supermarket operator Albertsons has received approval from the US Bankruptcy Court to acquire the remaining 29 Haggen stores in the Pacific Northwest. The US$ 106 million transaction is expected to close in the next weeks. ▪
latin america
Avocado merger   California-based avocado supplier GreenFruit has been acquired by FrutiVal, a Mexican grower and packinghouse. The deal is expected to boost an "ambitious" marketing plan in the United States and other overseas markets. ▪
Bolivia supports farmers    The Andean country seeks to be the sole producer of its own food by 2020. Its government will invest more than US$ 40 million to support small and medium farmers in local food production according to the Public Institute for Food Sovereignty. ▪
Bad Easter for Brazil   Food retailers in Brazil registered a decline by 9.6% in their Easter sales compared with the same period last year, says consumer trend consultancy Serasa Experian. It was the worst result since 2007. ▪

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