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Retail Update - powered by LebensmittelZeitung
Thursday, 20 October 2016

Hello, subscribers!
US big-box retailer Walmart is investing in food safety research in China; in the UK, research firm Mintel predicts a good Christmas for retailers; and in the USA, Target is judged number one for solar energy capacity. Have a great day, and if you enjoy this edition, please share.


Walmart invests in food safety   Over the next five years, the US big-box retailer will invest US$ 25 million in food safety research in china. This comes two years after Walmart was embroiled in high-profile product scandals. ▪
Hong Kong gets Android Pay   US technology giant Google has launched its mobile payments system in Hong Kong. Now smartphone users with handsets equipped with near-field-communication technology can pay for purchases at more than 5,000 locations in the territory. ▪
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Starbucks’ China growth   The US coffee giant has announced plans to double its number of stores in China to 5,000 by 2021. Leading the expansion will be newly appointed Starbucks China CEO Belinda Wong, who as president, has been responsible for much of Starbucks China’s growth so far. ▪
Xmas is looking good   Research firm Mintel says UK retail sales could be up 2.5% this Christmas. However, they warn that success will depend on how retailers handle Black Friday promotions +++ While food inflation is expected to rise due to Brexit, this hasn’t hurt e-commerce: The quarter straight after the vote to leave the European Union has seen the strongest growth in online sales for two years. ▪
Belgian expansion   Belgian retailer Colruyt has announced plans to open between 18 and 20 stores in Belgian this year. Believing that the market isn’t yet saturated, the company says it may add an additional 40 Colruyt and 80 Okay stores in the future. ▪
Saica buys Irish firm   In order to enter the flexible-packaging market in Ireland and the UK, Spanish packaging firm Saica has bought Ireland-based Americk, which manufactures cartons and labels for consumer goods, for an undisclosed sum. ▪
Nestlé fails to deliver  The Swiss food giant Nestlé disappoints with weak sales growth figures for the first nine months. After posting organic sales growth of 3.3%, the owner of Nespresso coffee expects organic sales growth of around 3.5% for 2016.   ▪
Target comes out on top   As it strives to install solar panels at 500 of its stores and distribution centres by 2020, the US retailer has been judged as the company with the most solar energy capacity by the Solar Energy Industry. ▪
Technological initiatives   US consumer electronics retailer Best Buy is taking on internet service providers and has launched Wi-Fi Setup & Support, a service that offers personalised home Wi-Fi setup +++ Social networking giant Facebook, on the other hand, has launched a range of new features including one that enables users to purchase food, order services and even buy movie tickets without leaving its site. ▪
LeEco pushes into USA   The Chinese internet company, which bought US television manufacturer Vizio for US$ 2 billion in August, has launched a range of products in the US, including TVs and smartphones. LeEco says it wants to win the approval of US consumers before taking on the rest of the world. ▪
survey results
Portuguese buy less & spend more   According to the latest Brands+Consumers barometer, in the first nine months of 2016, consumers in Portugal spent 2.9% more in value on FMCG goods, despite sales volumes declining by 0.6%. ▪
British customers the toughest   In Britain, the expectation of good customer service is the highest in the world, according to a study by ContactEngine and YouGov. Of those surveyed, 18% said they would switch to another company after one bad customer experience. In comparison, only 10% of Americans said they would do the same. ▪

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