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Retail Update - powered by LebensmittelZeitung
Wednesday, 24 August 2016

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State-owned China Foods considers reducing its stake in several Coca-Cola bottling companies; in the UK, department store chain John Lewis makes a large investment in beauty products and Asda is set to sell its photo service. Over in the US, Procter & Gamble heads to court. Have a great day, and if you enjoy this edition, please share.

China Foods downsizes   In a move that would alter its duopoly with Swire Pacific, the state-owned food company is considering selling some of its stake in 10 Coca-Cola bottling companies. In other news, leading up to China’s annual online 'Global Shopping Festival,’ e-commerce behemoth Alibaba has announced plans to host a 'Countdown Gala' ▪
Myntra steps off line   As overall sales reach US$ 1 billon, the Flipkart-owned e-commerce company has announced plans to open brick-and-mortar stores in India over the next three months. Myntra recently acquired smaller rival Jabong to strengthen its position in the fashion and lifestyle category. ▪
Start-up gets boost   Coda Payments, a Singapore-based start-up that simplifies the complexity of alternative payments in Southeast Asia, has raised US$ 2 million from existing investors. The company says the extra capital will enable it to progress to the next level. ▪
Selling and investing   Struggling retail chain Asda makes more cut backs and has announced it will sell its loss-making instore photo processing service to Photo-Me, the world’s biggest photo booth operator +++ Due to demand for beauty products, UK department store chain John Lewis will invest GBP 9 million to expand its beauty halls. ▪
Italian developments   French retailer Carrefour has launched a new ‘urban’ store format in Turin, Italy and plans to open more stores in the country, including Milan, this autumn +++ Italian food giant Barilla, as part of its plan to reduce saturated fat, has removed palm oil from more than 50 products from its Mulino Bianco brand. ▪
Brewers downsize   In reaction to consumer demand for smaller packaging, Croatian brewers Zagrebačka Pivovara and Karlovačka Pivovara have reduced the size of their beer cans. Analysts question the change. ▪
Law suits & recalls   US consumer goods company Procter & Gamble has filed a law suit against Edgewell Personal Care claiming they made false claims against  one of its Gillette razors +++ McDonald’s is recalling millions of plastic fitness bands, which were given away with happy meals across the US and Canada, due to complaints that they caused irritation to children’s skin. ▪
Best Buy pops up   Shares of the US electronics retailer jumped nearly 20% after it reported a 24% increase in online sales. As part of 50th anniversary celebrations, Best Buy has opened a pop-up store in the rotunda of Mall of America in Minnesota. ‘Tech Home’ is a hands-on display of smart devices and appliances. ▪
Ikea powers up   Extending its commitment to renewable energy, the Swedish furniture retailer has announced plans for a biogas-powered fuel-cell system for its Connecticut, USA, location. More than a year ago, Ikea completed installation of a similar project at its store in Emeryville, California. ▪
strange but true
Packaging you can eat   US scientists have developed new food packaging made from milk protein. They claim the edible packaging keeps food fresher and reduces waste. ▪
Pokemon spurs fandom   The craze that has taken the world by storm has even got grownups hooked. And one unforeseen effect is the surge in adults, rather than children, purchasing apparel that feature cartoon characters. ▪

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