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Retail Update - powered by LebensmittelZeitung
Friday, 01 July 2016

Hello, subscribers!
Over in the US, chocolate maker Hershey has rejected a takeover bid by Mondelez International. In an effort to better service the Chinese market, the US food manufacturer Mars is the latest to partner with Alibaba. While in France, Aldi makes a large investment in cashless payment devices. Have a great day, and if you enjoy this edition, don't forget to share.

Mars partners with Alibaba   The global food manufacturer has teamed up with the e-commerce behemoth, and Mars products will now be sold on Alibaba’s platforms, including and rural Taobao +++ Last week’s shocking Brexit vote has caused a shopping frenzy in China, as consumers hunt for British-made bargains. ▪
Yum Brands China sale delayed   The sale of a minor stake in the fast food company’s China business, which runs KFC and Pizza Hut outlets, has been delayed due to potential investors missing the deadline +++ Meanwhile, in a deal that could be worth more than US$ 256 million, South Korean conglomerate CJ Foods has submitted a letter of intent to purchase McDonald’s Korea. ▪
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New law creates jobs   In India, the approval of the Model Shops and Establishment Bill, which will allow shops to stay open seven days a week, 24 hours a day, is expected to create 10% more retail jobs in the country. ▪
Aldi France upgrades   US electronic technology company Verifone has announced it will supply Aldi France with 3,200 payment devices designed to accept cashless payments +++ Kantar Worldpanel has released new statistics that show Lidl France and Leclerc have both increased their share of the French market over the four weeks to June 12. ▪
Life after Brexit   German Retail Blog interviews senior analyst Bruno Monteyne to get an insight into the possible effects UK’s exit from the European Union could have on German discount supermarket chains Aldi and Lidl. ▪
BHS gets overseas buyer   Administrators have sold 70 of the collapsed high street retailer’s overseas stores to Al Mana Group in Qatar +++ In Portugal, Spanish retailer Mercadona has named 25 suppliers that it will use for its new stores. ▪
Amazon ‘Prime Day’ to return   They said it would be an annual event. Well, this year, the e-commerce giant’s ‘Prime Day’ promotion, which offers shoppers free two-day delivery, will return on July 12. In the UK, 'AmazonFresh' has added a further 59 postcodes around north London since it was launched. ▪
UPS expands ‘Smart Locker’    The United Parcel Service (UPS) has teamed up with several retailers, including 7-Eleven, to expand its ‘Smart Locker’ programme from nine locations in Chicago to 300 nationwide. Smart Lockers enable customers to pick up goods 24 hours a day. ▪
Kellogg’s to open first café   The cereal giant will open its first permanent café in New York City on the Fourth of July. The café will serve dishes that include Kellogg’s cereals and other ingredients such as pistachios, lemon zest and thyme. ▪
Takeover bid rejected   Mondelez International, the maker of Cadbury, has failed to win over US chocolate giant Hershey with an US$ 23 billion takeover bid. The deal would have created the world's largest candymaker.  ▪


developments to watch
Chinese tourist myths exposed   They go abroad only to shop and they spend indiscriminately are some of the myths about Chinese tourists exposed in a study by management consultant Oliver Wyman. Wyman hopes the findings will help global destinations to better meet Chinese tourists' needs. ▪
It’s not all about price   UK shoppers value product availability and convenient locations more than low prices, according to Nielsen’s Global Retail-Growth Strategies Survey, which polled 30,000 people from 61 countries. ▪
Retailers pay too much for IT   IT suppliers are getting away with inflating prices because of a lack of transparency in the market, according to the latest KnowledgeBus IT Margins Benchmarking Study. ▪

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