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Retail Update - powered by LebensmittelZeitung
Friday, 29 July 2016

Hello, subscribers!
Reliance Retail, one of India's largest retailers, shuts down jewellery stores in its home market. German Retail Blog takes an exclusive, in-depth look at newly formed retail giant Ahold Delhaize; and in the USA, Amazon posts another profitable result. These stories and more feature in today’s RetailUpdate. If you enjoy the read, please don’t forget to share.

Reliance Retail quits jewels   Strong regional competition has resulted in Reliance Retail closing down about 10 jewellery stores in India, including several flagship outlets, and they may soon leave the jewellery business entirely. The company, however, denies these plans. ▪
Partnership for imports   While Chinese consumer spending on FMCGs increased 4.6% in the second quarter, e-commerce companies Baozun, from Shanghai, and CJ O Shopping, from South Korea, have joined forces to import products, such as cosmetics and personal care items, to Chinese online shopping sites. ▪
Pork prices rise   Floods in China have caused animals to drown and farmers to slaughter pigs prematurely. As a result, from September, pork prices are expected to increase to as much as US$ 3.15 per kg. ▪
Challenging the competition   The fusion between Dutch grocer Ahold and Belgian rival Delhaize has created a retail giant with a distribution network in 11 countries. Improving purchasing conditions and regaining market share from discounters Aldi and Lidl is on the agenda of the freshly merged companies. German Retail Blog explains in-depth what the industry could expect. ▪
Bidding for Allegro   Europe’s number-one auction website, Allegro, is in the sights of several bidders, including Alibaba and eBay. A deal in the region of $US 2 – 3 billion is expected by the end of the year. ▪
Actions for sustainability   To improve social, environmental and economical conditions in source countries, German discounter Aldi has pledged to increase its share of private-label certified coffee brands; the company has also defined and published targets for coffee-purchasing policies +++ In a shift towards only selling sustainably caught seafood, UK retailers Sainsbury’s and Waitrose are threatening to follow Tesco’s lead and delist John West products. ▪
Amazon keeps winning   For the fifth quarter straight, the e-commerce behemoth has posted a profit. Net income was US$ 857 million, compared to US$ 92 million one year ago. Not surprisingly, CEO Jeff Bezos has become the world’s third richest person. ▪
Kroger names partner   As part of its ‘Customer First’ strategy, the USA’s largest supermarket chain has reached a long-term agreement with market research company IRI in order to secure market measurement services. ▪
Walgreens cans digital properties   In order to focus on core business, the US pharmaceuticals company will discontinue and The shutdown is expected to be complete by the end of September. ▪
developments to watch
Beer and Brexit     According to a survey by market intelligence agency Mintel, European consumers are more worried about Brexit than those in the UK. Perhaps an explanation lies in new statistics from the British Beer and Pub Association (BBPA): The Brits drank 31 million more pints of beer in the second quarter of 2016 than during the same period in 2015. ▪
The rich like bargains   In 2015, consumers collectively saved US$ 3.4 billion by redeeming coupons, according to a new study by intelligent media delivery firm Valassis. Surprisingly, it was found that 28% of those with household incomes above US$ 100,000 reported an increased usage of coupons in the past year. ▪

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