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Retail Update - powered by LebensmittelZeitung
Friday, 15 April 2016

Hello, dear reader!
China toughens its online selling rules again, this time for infant formula, which outrages some Australian suppliers. German start-up Rocket Internet stays in the headlines with another Asian divestment. Swiss food maker Nestlé beats analysts' expectations and US confectionery company Mars promotes healthy choices. Read these stories and more in today's issue. Have a great weekend.

asia & australia
Regulations and ramifications    Chinese authorities will impose tougher regulations for companies selling infant formula online. Australian company Blackmore is not pleased about the move, its CEO says that Australia has the "highest standards in the world" and its health products should be sold without approval. ▪
Spar flourishes in Indonesia    The Dutch supermarket chain, which opened its first store in Jakarta in March last year, enjoyed significant growth in the country. In partnership with local retailer Ramayana, the group opened 15 stores in nine month. Spar also grows in India and in China. ▪
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Job losses at Wesfarmers   The parent company of Australian retailer Target has decided to relocate the headquarter of the chain, which has been hit by an accounting scandal, from Geelong to Melbourne. The move could affect 900 jobs, but Wesfarmer's CEO says that the job cuts "won't be huge". ▪
Rocket Internet divests more units   After having sold Singapore-based Lazada to Alibaba, the German start-up is reportedly selling off business units of its unprofitable Asian fashion portal Zalora. Yesterday, Rocket Internet reported results for its companies Hello Fresh and Delivery Hero, which are growing fast but still make losses. ▪
Fewer leaders for Real   Metro Group’s hypermarket chain has announced a change of top level management, with Chief Financial Officer Henning Gieseke and Chief Merchandise Officer Patrick Müller-Sarmiento taking over joint leadership. Real will now have four leaders instead of five. ▪
Nestlé beats expectations   The Swiss food giant reported better-than-expected sales growth for the first three months of 2016, providing some relief for investors. The Vevey-based company expects "further momentum" in the second half and its India unit is bouncing back more quickly than expected. ▪
More results  British retailer JD Sports delivered record earnings and is confident of continued momentum. Groupe Casino has posted growth in its home French market, whiles sales at discount chain Poundland are slumping due to the acquisition of loss-making chain 99p Stores.  ▪
Amazon pushes fashion   The e-commerce giant is reportedly targeting several start-ups in the fashion sphere as potential acquisitions to expand its presence in the category. Amazon is looking at online retailer Everlane, Le Tote, Rent The Runway and more. ▪
Gap names new leader   The clothing retailer has named long-time executive Sonia Syngal as the new head of its Old Navy brand, as it looks to reenergize its value-driven brand. However, some insiders are sceptical whether the company will be able to overhaul its struggling stores. ▪
sustainability matters
Mars promotes healthy choices   The American food giant is calling on the US Food and Drug Administration to issue voluntary guidelines for how much salt should be in processed food. The company is determined to make healthier food choices and has launched a five-year health strategy. ▪
Adidas wants less waste    The German sportswear maker unveiled a series of priorities in its sustainability strategy. Besides cutting down drastically on waste, Adidas aims to completely switch to cotton usage. ▪
Aldi partners on wellness   The German discounter, which is in the process of opening 45 stores this year across Southern California, will invest US$175,000 to help 15 schools in the area to improve their overall wellness environments. ▪

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