Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Wednesday, 03 August 2016

Hello, dear reader!
Germany's Metro and Japan's Rakuten are venturing into the cloud by investing in start-ups. American ice cream company Cold Stone Creamery enters Lebanon, and Aeon launches in Myanmar. Lidl UK and Albert Heijn are trialling new private label ideas. In the US, Gamestop acquires to diversify and FMCG giants reveal their latest results. Enjoy the read and share the news.

Asia, New Zealand & Middle East
Japanese expansions   E-commerce giant Rakuten is leading a US$ 35 million funding round for Singapore-based start-up Carousell, which will help the app to expand into other markets +++ Aeon will be the first retailer to open a supermarket business in Myanmar via a joint venture with a Yangon-based company. ▪
Developments Down Under   New Zealand retail company Foodstuffs NZ, parent company of supermarkets New World and Pak'nSave, is investing US$ 144 million on new stores and refurbishments. Meanwhile, homeware chain Briscoe Group, which operates 90 stores across the country, enjoyed a profit rise of 32% in the first half of the year. ▪
Ice cream for Lebanon   Arizona-based Cold Stone Creamery, owned by Kahala Brands, plans to bring its 'Ultimate Ice Cream Experience' franchise to the Middle Eastern country, with plans to open multiple locations. The first store will be launched in the capital city of Beirut. ▪
Private label experiments   Dutch supermarket chain Albert Heijn is set to cut the sugar in its private label products by up to 40% and will introduce a colour-coded branding system for its soft drinks, while German discounter Lidl (paywall) will test a new private label baby brand in the UK. ▪
Digital decisions   French retailer Carrefour has upgraded its online presence in Italy and relaunched its online store in Brazil, after a four-year absence, and Germany's Metro Group has acquired a stake in Munich-based start-up Shore, a market leader in cloud-based solutions. ▪
British price strategies   To boost post-Brexit confidence, supermarket majors Asda, Morrisons and Tesco have reduced their fuel prices. A study conducted by British Retail Consortium and Nielsen shows that the ongoing price war keeps the costs down across all product sectors, but a shopping comparison website disagrees. ▪
usa & canada
Gamestop diversifies    The Texas-based independent retailer of video games has acquired 507 AT&T stores as part of its plan to diversify and reduce its dependence on sales of video games. Gamestop declined to reveal the purchase price. ▪
Petco powers ahead   Keeping up with its ambitious 2016 growth plan, pet specialty retailer Petco celebrates the opening of 12 remodelled stores in Seattle this weekend. The company, which operates more than 1,430 locations across the US, Mexico and Puerto Rico, opened 26 stores so far this year. ▪
Beating expectations   Consumer goods giant Procter & Gamble reported an annual profit of US$ 10.5 billion on Tuesday and announced plans to close another US factory as part of its ongoing supply chain overhaul +++ Higher selling prices for bananas and pineapples helped profits rise at Fresh Del Monte in its second quarter. ▪
customer experience
Shoppable moments   Find out how shoppers are interacting with retailer apps as online sales via mobile devices surpassed those made from computers. Meanwhile, a New York start-up plans to build a digital shopping cart that allows consumers to buy a product when he or she reads about it. ▪
Enticing store designs   Belgian retailer Colruyt has opened what it describes as a ‘new generation store’ in Herstal, and British department store Selfridges has already launched its Christmas store with 50,000 decorations in its Oxford St flagship. Happy holidays. ▪

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