Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 14 June 2016

As the latest sign of the turbulences in Britain’s supermarket landscape, Asda is to be revived by a newly appointed CEO. Tiger Foods exits the second African country in six months, and once media-shy Aldi spends more Australian dollars on advertising than Coles. Find out about these stories and more. Enjoy the read!

asia & australia
Ikea strengthens Indian bonds   The Swedish furniture giant will increase the amount of cotton it sources from India, plans a manufacturing base there, and embarks to open 25 stores in the country over the next nine years. ▪
Growing store numbers   Robinsons, one of the largest retail operators in the Philippines, has announced to add 200 stores, mostly convenience stores and supermarkets, to its current 1,506 shops. Japanese sports clothing retailer Descente plans to open 100 retail stores in China under its own name by March 2019. Foreign and domestic retailers, including Singapore’s Courts, South Korea’s Lotte, and Swedish IKEA and H&M, have plans to invest in Indonesia ▪
Aldi splashes out on ads   New figures reveal that the German discounter has for the first time invested more in advertising in Australia than Coles on a seperate month-to-month basis. Competitor Woolworths introduces the UK supermarket trend of ready-made three course dinners as an alternative to takeaways. ▪
New boss for Asda   US parent Walmart has recruited the chief of its Chinese business Sean Clarke to revive Asda. With Andy Clarke departing from the top job each of the big four supermarket chains in the UK have changed their CEO in the past two years +++ Drinks giant Diageo and the British Frozen Food Federation have also made new key appointments +++ Over in Africa, Uchumi's COO returned to Naivas only eight months after the switch. ▪
BHS on wishlist   Mike Ashley, founder of Sports Direct, has reconfirmed his interest in taking over some of BHS' stores by writing to the administrators of the high street chain. ▪
Tackling food waste   In Portugal and Spain online supermarket GoodAfter launched last week, selling products that have passed their “best before” date or are soon to expire at discounts up to 70%. UK food redistribution charity FareShare received a record 9,070 tonnes of food, worth approximately GBP 19.6 million from its partners last year. ▪
Largest-ever Microsoft deal   The software major has struck its biggest deal to date and will buy business-orientated social network LinkedIn for US$ 26.2 billion +++ Telecommunication rivals Verizon  and AT&T are set to go through to the final round of bids for Yahoo's core internet assets. ▪
Walgreens cuts ties   The US drugstore arm of global pharmacy giant Walgreens Boots Alliance terminates its partnership with blood-testing startup Theranos, shutting down all 40 Theranos Wellness Centers in its Arizona stores, following civil and criminal investigations against Theranos. ▪
More services online   With the release of its newest version of Mac's operating system, technology giant Apple will make its ApplePay available online. E-commerce powerhouse Amazon is poised to launch a standalone music streaming subscription service. ▪
Tiger Foods realigns strategy   Only six months after exiting Nigeria, the continent’s largest food producer will offload its stake in an Ethiopian business to its joint venture partners. However, the company said the exit did not signal a retreat from the rest of Africa. ▪
Turn money into credit   The Senegalese division of Groupe Casino has entered a partnership with Money to Goods which allows Senegal’s diaspora in France to transfer money into credit at seven Casino hypermarkets across the West African country. ▪
Wine flows more freely   A new trade pact, the Economic Partnership Agreement, between the EU and the Southern African Customs Union allows South Africa to more than double its export of tax free wines to the EU to 110 million liters. ▪

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