Retail Update - powered by LebensmittelZeitung
Retail Update - powered by LebensmittelZeitung
Monday, 07 November 2016

Hello, dear reader!
Sustainability goals are high on the agenda at Walmart in the US and Britain's Müller Milk & Ingredients. JAB Holding continues its coffee acquisition spree in Singapore, while Tesco and French retailer Maxi Bazar explore options in Poland. More changes might be in store for Whole Foods, and Canada's Hudson's Bay goes robotic. Have a great start to the week.


JAB acquires in Singapore   The private investment group, owned by European billionaire Reimann family, has offered to buy Singapore-listed Super Group, a leading pan-Asian food and drink maker for US$ 1 billion to expand the world's largest standalone coffee business in Southeast Asia and China. ▪
Payment options for tourists   Fomo Pay, a Singapore-based financial technology start-up, aims to help Southeast Asian retailers to accept mobile payments from heavy spending Chinese tourists. This comes after Alibaba's Alipay has signed an agreement in Australia to allow Chinese visitors to use its mobile payment technology while in the country. ▪
Spar ramps up operations   In India, the multinational retail chain has opened its 18th store and intends to expand its footprint by 30% during the next 12-18 months. Over in China, Spar Shanxi is committed to embracing new technologies and has introduced Xiao Te, a new 'smart robot' to its stores. ▪
Expanding in Poland   British supermarket giant Tesco has officially opened a new distribution centre in Poznan to service its almost 120 stores across the country, and French retailer Maxi Bazar has introduced its first store in Poland, in the Warsaw area. ▪
Focus on a sustainable future   Müller Milk & Ingredients is proposing to invest GBP 60 million to upgrade capabilities and operational efficiencies and create up to 180 new jobs. Meanwhile, Switzerland-based multinational Nestlé will spend US$ 145 million for a stake in Aimmune Therapeutics, a Californian maker of food-allergy therapies. ▪
Axing stores   Struggling British retailer Marks & Spencer is expected to announce plans to shut a number of its stores at home and abroad, mainly in China. Just a couple of days ago, the company said that it considers closing its flagship store in Paris. ▪
usa & canada
Walmart sets benchmarks   The US big box retailer has revealed ambitious sustainability goals such as doubling sales of locally grown produce in the US as well as enhancing sustainable sourcing to cover 20 key commodities. Walmart  is also expanding its mobile payment options by accepting Chase Pay. ▪
Push for change   Replacing its management and exploring a possible sale might be in store for Whole Foods as one of its top ten shareholders met with potential investors. In other news, the grocery chain announced that it is preparing to roll out a rewards programme nationwide. ▪
Robots in action   Just in time to streamline the upcoming holiday e-commerce sales rush, Canadian retail group Hudson’s Bay has launched a new robotic system ‌in its distribution centre in Scarborough, which manages the online operations of the retail chain. ▪
survey results
Consumer spending   PwC predicts that the average spend on Black Friday and Cyber Monday will be GBP 203 in Britain, twice as much as in 2015. The number of high-earning Chinese consumers is set to surge and their spending will top that of the EU's current level, according to the Economist Intelligence Unit. ▪
Amazon beats Flipkart   The India Customer Experience Index 2016, published by Forrester Research, has found out that the Seattle-based e-commerce giant beats the home-grown online marketplace in customer experience. Flipkart has long claimed to be the leader of e-commerce in the country. ▪

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