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Retail Update - powered by LebensmittelZeitung
Friday, 27 May 2016

Hello, subscribers!
US coffee chain Starbucks expands in China and Cambodia. In Europe, discount powerhouse Aldi experiments with a futuristic concept, while high street icon BHS causes more damage. US soft drink giant Coca Cola partners with a Mexican bottler, and some retail heavyweights reveal their latest results. Have a great weekend, and if you enjoy this edition, don’t forget to share.

australasia & asia
Help for farmers Down Under    Australian supermarket giant Coles is dropping the price of bananas in New South Wales stores to reduce oversupply and support growers +++ In New Zealand, dairy cooperative Fonterra forecasts a 35% higher pay out to farmers of milk solids next season. ▪
Starbucks expands in Asia   The US coffee chain has announced, that by late 2017, it will open its first international Starbucks Roastery and Reserve Tasting Room in Shanghai, China +++ Six months after debuting at Phnom Penh International Airport, Starbucks Cambodia has opened its second outlet at Aeon Mall in Phnom Penh. ▪
A buyer for embattled e-tailer   Online produce platform Yummy77.com, which last month announced it would close because of financial difficulties, has been acquired by Chinese e-commerce group Jialebao.cc +++ Meanwhile, Uber’s food delivery service, UberEATS, has launched in Singapore, the first in Asia. ▪
europe
Aldi experiments    In London, the German discounter Aldi has opened a futuristic pop-up wine store, which includes waiters and wine tasting sessions. ▪
Exciting expansions   Multicedi, the Italian retail group that has seen huge growth in its network of supermarkets in 10 years, plans to open another 100 stores over the next two years +++ European electrical retail group Darty continues to grow, and saw revenue increase by almost 13% to the quarter ending 30 April 2016. ▪
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BHS demise causes more damage   Shockwaves started by the high street retailer’s collapse are spreading, and two BHS suppliers, CUK Clothing and Courtaulds, have gone into administration, resulting in 350 job losses. ▪
usa & latin america
Coca Cola partners in Mexico   The soft drink giant has asked Latin America’s second-largest Coca-Cola bottler, Tampico-based Arca Continental SAB, to handle bottling in parts of the US. Arcas has bottling operations in Mexico, Ecuador, Peru and Argentina. In other news, the head of Coca Cola in the UK, Jon Woods, says sugar tax won’t work and the poorest in society will be hit the hardest. ▪
Latest results   Sears Holding intends to leverage its strongest brands to sustain itself after posting a large first-quarter loss +++ Costco Wholesale Corp exceeded expectations in the third quarter as well as extreme value discounters Rivals Dollar Tree and Dollar General Corp. ▪
africa
Uchumi shareholder resigns   Following on from last Friday's agreement between the struggling Kenyan supermarket and suppliers, the boss of Uchimi Supermarket's largest shareholder, Jamii Bora Bank, has resigned due to a conflict of interest. Also, six suppliers have withdrawn a petition to liquidate the supermarket, which bolsters recovery plans. ▪
Famous Brands buys fries supplier   The South African brands food service franchisor has purchased Lamberts Bay Foods, one of just three fries manufacturers in South Africa. ▪
Quantum foods hangs on   Despite a severe drought that forced up feed prices, the South African poultry producer, which two years ago was unbundled from Pioneer Foods, has managed to hold profits flat in the six months to the end of March with a decrease of just 2%. ▪

 
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