Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Tuesday, 06 September 2016

Hello, dear reader!
Australia and Indonesia are keen to do more business with Chinese online powerhouse Alibaba. In Europe, retail group Metro continues to simplify its empire, Morrisons is fuelling the British supermarket price wars and Tesco pushes mobile scanner. Pharma giant Bayer has raised its bid for Monsanto and Starbucks sees growth potential in Latin America. Enjoy the read and please share. 

asia & australasia
Alibaba in great demand   Australia aims to sell more of its products through Alibaba's website. Austrade, the country's trade commission, will sign a new collaboration deal with the Chinese online giant in Hangzhou today +++ Indonesia has asked Jack Ma to act as adviser in the development of its nascent e-commerce industry. ▪
Cutting ties and taking over   Australian supermarket operator Woolworths continues to cut ties with its Masters business by replacing the directors on the failed hardware chain’s board. Meanwhile, consumer goods retailer JB Hi-Fi is reportedly getting closer to taking over electronics and whitegoods retailer The Good Guys. ▪
Hong Kong pushes mobile pay   Telecommunications giant HKT has expanded its mobile payment service Tap & Go to allow more online and offline retail payments and greater peer-to-peer transfer options after being granted a stored value license by Hong Kong’s de facto central bank. ▪
Metro confirms split   The supervisory board of the German retail giant has agreed to transferring its food and wholesale business into an independent company, separating it from its consumer electronics chain. The group has spent several years restructuring and is determined to focus on its core businesses. ▪
Slashing prices and jobs   British retailer Marks & Spencer has confirmed plans to cut 525 jobs from its head office in London and is to move another 400 roles outside the capital +++ Morrisons is fuelling the supermarket price wars in the UK by cutting meat, fruit and vegetable prices by an average of 12%. ▪
Tesco expands scan service    In a bid to reduce time spent at the checkouts, the British retailer has rolled out its mobile scanner scheme to 20 more of its stores. The service, which is supported by an ad campaign, allows shoppers to scan items as they shop and keep track of how much they’ve spent. ▪
USA & Latin America
Targeting Monsanto again   German pharma giant Bayer is willing to offer more than US$ 65 billion to acquire the world's largest seed company. A deal with Monsanto would give the German company a shot at grabbing the top spot in the fast-consolidating farm supplies industry. ▪
Coffee delights and worries   After conquering the market in Bogota, Seattle-based coffee company Starbucks has opened a store in the Colombian city of Medellín, marking it's 1,000th store in Latin America. In other news, the drought in Brazil is hurting the robusta coffee bean harvest, which is expected to tumble 16% to 9.4 million tons, the smallest since 2006. ▪
consumer behaviour
Complication triggers waste   Research by British grocer Sainsbury’s has found that nine out of 10 people surveyed have bought ingredients attempting to cook a complicated recipe, and have never used them again, wasting hundreds of pounds as well as lots of food a year. ▪
Printed books thrive   Even in times of e-books, audiobooks and other digital distractions, Americans' appetite for reading books you actually hold in your hands has not slowed in recent years, according to a study by the Pew Research Center. ▪

If this newsletter was forwarded to you, subscribe here!
For questions or comments please contact us here

To advertise in Retail Update click here

RetailUpdate is a product delivered to you by