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<<32333435363738394041>> Total results:3612 References Per Page:

Private Label Food Sales Grow As Affordable, Healthy Option For Consumers

October 21, 2014: 12:00 AM EST
With consumers increasingly looking to eat healthy on a budget, private label food products have burnished their image, becoming “trusted, quality lines” that compete well with national brands, a market researcher reports. Private label represented about $106 billion of the $530 billion food and beverage market in 2013, a two percent increase. Private label offers retailers several advantages: higher profit margins than name brands, they help differentiate the retailer from competition, and they help build customer loyalty. Retail dollar sales of private label food and beverages are expected to grow at a CAGR of four percent to $122 billion in 2018.
"Private label expected to grow as consumers seek affordable, healthy food", Institute of Food Technologists , October 21, 2014, © Institute of Food Technologists
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Tesco Sales Improve Though Downward Trend Continues

October 21, 2014: 12:00 AM EST
UK retailer Tesco's sales declined 3.6 percent in the 12-week period ending October 12, 2014, according to market research firm Kantar Worldpanel. Although data revealed the retailer's sales woes are continuing, it was much better than the 4.5 percent drop reported by Kantar in its September 2014 report. Tesco's market share dropped to 28.8 percent, compared with the 30.1 percent in the same period in 2013.
James Davey , "UPDATE 1-Tesco sales continue to slide -Kantar", Reuters, October 21, 2014, © Thomson Reuters
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McDonald’s Profit Continues To Sag As It Works To Become More “Relevant”

October 21, 2014: 12:00 AM EST
McDonald’s stock dropped after the company posted a 30 percent drop in third quarter profit and significant declines in restaurant traffic globally. CEO Don Thompson acknowledged the company, which serves 70 million customers a day, has some image problems – is it still relevant? -- especially in an era of growing consumer interest in fresh, unprocessed food. To help solve the problem, Thompson said McDonald's is simplifying menus, tailoring food to local tastes, offering custom burger and sandwich options, rolling out mobile services, and launching a social media "dialogue" with customers.
Lisa Baertlein, "McDonald's CEO acknowledges image problems after tough results", Reuters, October 21, 2014, © Thomson Reuters
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Carrefour Plans To Open First Convenience Store In Luxembourg

October 21, 2014: 12:00 AM EST
Carrefour said it will open its first Carrefour Express convenience store in Luxembourg City on October 29, 2014. Carrefour Belgium has been operating in the country for 15 years with a Carrefour Market store in Marnach. In 2012, the company launched its Express 2.0 program, an overhauled convenience store format.
"Luxembourg gets its first Carrefour Express", Carrefour , October 21, 2014, © Carrefour
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Whole Foods Market Rolls Out Apple Pay In All US Stores

October 20, 2014: 12:00 AM EST
Retailer Whole Foods Market said it has begun offering customers the ability to buy and pay using the Apple Pay mobile payment system. Aimed at providing a convenient and secure way of paying for products at the retailer's checkout lanes across the United States, the payment system lets shoppers complete their purchases using their mobile devices. Apple's mobile payment system does not store the actual credit card or debit card numbers. Instead, a Device Account Number is assigned and securely stored on the mobile device.
"Apple Pay Now Available To Whole Foods Market® Customers", Whole Foods Market, October 20, 2014, © Whole Foods Market
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Whole Foods Launches Ad Campaign To Communicate Its Special Brand

October 20, 2014: 12:00 AM EST
Whole Foods Market has launched a multichannel advertising campaign to tout its quality standards, healthful offerings and various milestones as an innovator in the natural and organic food industry. A company executive said “now is the time to overtly communicate” how Whole Foods has given customers a way to make “meaningful choices” about the foods they eat. The list of standards relates to the source of food sold at its stores, what happens to it on the way to the store, humane treatment of animals raised or caught for food, etc. The company hired New York-based Partners & Spade to develop the creative approach. Austin, Texas-based GSD&M will handle media strategy and placement, which includes spots during prime time television shows
"Whole Foods Market Launches First-Ever National Brand Campaign", Whole Foods Market, October 20, 2014, © Whole Foods Market
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Legal Woes In South Korea Add To Tesco's List Of Troubles

October 19, 2014: 12:00 AM EST
Executives at Homeplus, Tesco's South Korean unit, could face prosecution over allegations of selling customers' personal information. Already saddled with an accounting scandal, which reportedly involved executives padding profit reports, and declining sales, Tesco saw some top executives in the country being subject to government probes and barred from leaving South Korea. According to industry reports, Tesco chief executive Dave Lewis is planning to terminate his company's operations in the country. Tesco is forecast to report profits of about £850 million for the six-month period ending August 2014, about half of the £1.6 billion for the same period in the previous year.
Graham Ruddick, "Tesco executives could face prosecution in South Korea", Telegraph, October 19, 2014, © Telegraph Media Group Limited
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Sephora's Planned Sydney Store Will Hurt Local Retailer's Cosmetics Sales

October 17, 2014: 12:00 AM EST
Beauty retailer Sephora's plan to launch its operations in Australia will hurt the cosmetics sales of department stores Myer and David Jones, according  to market analysts. Other retailers, such as Priceline, Big W, Target, and supermarkets, will not be as affected because they do not sell luxury beauty brands. Owned by LVMH Moet Hennessy, Sephora owns some 1,900 stores in 29 countries. It plans to open in Sydney its first Australian store, an 800sq m location at the Pitt Street Mall.
Carolyn Cummins, "Cosmetic retailer Sephora set to shake up local stores", Sydney Morning Herald, October 17, 2014, © Fairfax Media
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Walmax Announces Retirement Of CEO Scot Rank

October 17, 2014: 12:00 AM EST
Walmart de México y Centroamerica said its president and CEO Scot Rank will retire in 2015 and that he will assume the role of vice chairman of the company's board of directors. Scot's five-year CEO tenure saw the company's expansion of its business to include the Mi Bodega Aurrera and Bodega Aurrera Express formats in Mexico. His push for the adoption of the multiformat approach in the country now serves as a model for parent company Wal-Mart's international business.
"Wal-Mart de México y Centroamérica announces leadership changes", Wal-Mart, October 17, 2014, © Wal-Mart Stores, Inc.
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Amazon Launches Amazon Fresh Same-Day Grocery Delivery Service In New York City

October 17, 2014: 12:00 AM EST
Online retailer Amazon is launching its Amazon Fresh same-day grocery delivery service in New York City. According to the company, the service will start in Park Slope, a neighborhood in the Brooklyn area. Already available in Seattle, Los Angeles, and San Francisco, the service delivers items bought on Amazon's online store to customers homes and apartments within the same day or early the following morning.
Jacob Kastrenakes, "Amazon's same-day grocery delivery service launches in New York Beginning today in Park Slope", The Verge, October 17, 2014, © Vox Media, Inc.
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Aldi Keeps Growing In Ireland And UK

October 17, 2014: 12:00 AM EST
Retailer Aldi Stores Ltd's pre-tax profits in Ireland and the UK jumped 65 percent to £260.89 million in 2013, compared with the previous year. Aldi launched its business in Ireland in 1999 and currently operates more than 100 stores in the country. Data from Kantar Worldpanel revealed Aldi's share of the Irish retail market grew to 8.3 percent, making it the fastest-growing supermarket in the country since mid-2008.
Gordon Deegan, "Profits at discount retailer Aldi soar by 65pc to €327m in UK and Irish markets", Independent.ie , October 17, 2014, © Independent.ie
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Sephora Eyes Higher Revenue, Plans Store Network Expansion Worldwide

October 16, 2014: 12:00 AM EST

Beauty retailer Sephora said it plans to increase sales by 10 percent each year by expanding its store networks in both new and current markets. A member of the LVMH group of luxury companies, Sephora said it will open 100 stores per year for the next five years. Expected to post a turnover of €5 billion in 2014, the retailer aims to have 2,500 stores worldwide, a significant increase from its current 2,000 store count.

"How Sephora aims to grow", Retail Analysis, October 16, 2014, © IGD Services Limited
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Carrefour Posts Slight, But Better Than Expected, Sales Growth In 3Q 2014

October 16, 2014: 12:00 AM EST
Carrefour said sales grew 2.8 percent to €21.1 billion in the third quarter of 2014, compared with the same quarter in the previous year. According to the French retailer, sales growth slowed during the quarter, hurt by economic slowdown in Spain and Italy. Sales in France, however, proved strong, with hypermarket sales declining less than expected. International sales grew 5.0 percent, driven by strong performance in the Brazil and Argentina markets. For the first nine months of 2014, sales grew 3.8 percent to €61.4 billion, the company said.
"Carrefour: Solid Organic Sales Growth: +2.8% In The Third Quarter 2014 +3.8% In The First Nine Months Of 2014", Carrefour, October 16, 2014, © Carrefour
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Tesco Expected To Leave South Korea, Market Observers Say

October 15, 2014: 12:00 AM EST
UK retailer Tesco is likely to leave the South Korean market, according to media reports in the country. Following reports of new CEO Dave Lewis' plan to visit the country, rumors grew stronger about Tesco's plan to close its Korean unit, Homeplus. South Korea's second-largest discount retailer, Homeplus is currently facing serious problems in the market, including a probe into top executives' role in the illegal sale of personal information of 5 million customers. Sales and revenue performance are also forecast to hit their lowest levels for the past three years in 2014. 
Seo Jee-yeon, "Tesco may exit from Korea: sources", Korea Herald, October 15, 2014, © Herald Corporation
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Walmart Lowers Sales Forecast For 2014, Cuts Capex For 2015

October 15, 2014: 12:00 AM EST
Walmart lowered its 2014 sales growth forecast from 3‒5 percent to 2‒3 percent, adversely affected by slow store traffic and currency fluctuations. Walmart's move highlights worries over consumer spending and the strength of the United States economy, with retail sales dropping 0.3 percent in September 2014, according to data from the Commerce Department. Slowdown in sales is also forcing the company to open 60‒70 supercenters in 2015, compared with the 120 stores for 2014. Also, Walmart plans to cut its capital spending in 2015 to $11.6‒12.9 billion, about $1.4 billion lower than earlier forecast.
Hiroko Tabuchi, "Walmart Cuts Its Sales Forecast as Holiday Hopes Darken", The New York Times, October 15, 2014, © The New York Times Company
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Safeway Says Revenue Rose Slightly In September 2014 Quarter

October 15, 2014: 12:00 AM EST
Retailer Safeway Inc. said revenue for the quarter ending September 6, 2014, rose 2.6 percent to $8.31 billion, compared with the same quarter in 2013. Expected to complete its $9.4 billion acquisition of Cerberus Capital Management LP's Albertsons supermarket chain in 2014, Safeway posted a profit of $9.5 million, 4 cents per share, much lower than the $65.8 million, or 27 cents per share, in 2013. Investment analysts surveyed by Thomson Reuters had forecast 16 cents per share and $8.46 billion in revenue.
Michael Calia, "Safeway Sales Rise as Albertsons Merger Nears", Wall Street Journal, October 15, 2014, © Dow Jones & Company, Inc.
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Wal-Mart Stores Announces Capex Plans For FY 2016

October 15, 2014: 12:00 AM EST
Wal-Mart Stores, Inc. said its total capital spending for fiscal year 2016 is forecast to be between $11.6 billion and $12.9 billion, with about $1.2 billion to $1.5 billion allotted for the company's e-commerce and digital operations. In addition to expanding its e-commerce investments by $1 billion, compared with fiscal year 2015, the retailer will also add between 26 million and 30 million net retail square feet to its global operations in the next fiscal year. Wal-Mart also said it expects net sales for FY 2016 to grow 2‒4 percent, or $10 billion to $20 billion.
"Walmart will accelerate investments in e-commerce and moderate global square footage growth", Wal-Mart, October 15, 2014, © Wal-Mart Stores, Inc.
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Kroger Appoints Tosolini SVP Of New Business Development

October 14, 2014: 12:00 AM EST

Kroger Co. appointed Alex Tosolini as senior vice president of new business development effective November 3, 2014. A newly created position, the job involves management of a “strategic process to identify, evaluate and develop new opportunities” that can make the most of Kroger's assets and help maintain growth and revenue performance. Tosolini used to be connected with Procter & Gamble, where he worked as a global business executive for 24 years. He will report directly to the company's CEO.

"Kroger Names Senior Vice President of New Business Development", Kroger , October 14, 2014, © The Kroger Co.
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Amazon Grabs Lead In Canada's Online Retail Market

October 14, 2014: 12:00 AM EST

Amazon.com's Canadian unit, Amazon.ca, became the leading online retailer in the country, according to stockmarket analysts at BMO Capital Markets. Data revealed the online retailer is drawing about 5 million shoppers to its website on a monthly basis. BMO said Amazon has doubled its share of total site visits among Canadian Internet users, with growth driven by the company's introduction of new products, such as the Prime subscription delivery service, in the country. Although online sales accounted for only 5.2 percent of the $480 billion total retail spending in Canada in 2013, that share is growing 17 percent a year and is expected to reach 7.4 percent by 2017, according to market research firm eMarketer.

Jamie Sturgeon , "Amazon jumps out to lead in Canada’s online shopping wars", Global News, October 14, 2014, © Shaw Media Inc.
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Google Brings Same-Day Delivery Service To Chicago, Boston, And DC

October 14, 2014: 12:00 AM EST
Google expanded its Google Shopping Express same-day delivery service to include Chicago, Boston, and Washington, DC. First launched in San Francisco, the service sends groceries and other items purchased from local stores to consumers' door at the time of day they prefer. Google Shopping Express lets shoppers order using apps compatible with Google's Android and Apple's iOS mobile operating systems. Previously available for free, the service now includes a new Express membership, which works in the same way as rival Amazon's same-day delivery service, Amazon Prime.
Paul Sawers, "Google unveils subscription plan for same-day ‘Express’ delivery service, as it arrives in 3 more cities", The Next Web, October 14, 2014, © The Next Web, Inc.
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Beauty Brand Innisfree Secures Government Approval To Launch Retail Business In India

October 14, 2014: 12:00 AM EST

South Korean natural beauty brand Innisfree received permission from India's government to launch its single-brand retail business in the country. Made possible by the government's amendment of the country's foreign direct investment policies covering the single-brand retail market, which raised the FDI threshold from 51 percent to 100 percent, Innisfree's investment in India will enable it to expand its network of exclusive stores. As part of the company's India business plans, Innisfree's parent company Amorepacific Global Operations will have 100 percent stake in Innisfree India Pvt Ltd.

Subhash Narayan, "South Korean beauty brand Innisfree gets nod to start single brand retail ops in India; to invest $12 mn", The Financial Express, October 14, 2014, © The Indian Express Ltd.
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Costco Says Will Use Alibaba's Tmall Ecommerce Platform To Open Online Store In China

October 14, 2014: 12:00 AM EST

American retailer Costco Wholesale Corp. said it plans to open an online store in China using the Tmall online marketplace operated by Alibaba Group Holding Ltd. Aimed at offsetting slowing sales at its home market, the warehouse operator's Tmall store will sell branded products, including food and healthcare products, and own-brand products under the Kirkland Signature private label. Tmall features virtual storefronts and payment platforms for sellers, which encouraged several Western retailers, such as Inditex, Burberry, and ASOS, to join the online marketplace.

Sruthi Ramakrishnan, "Costco to enter China through Alibaba's Tmall", Reuters, October 14, 2014, © Thomson Reuters
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Retailers Upbeat About 2014 Holiday Season Sales

October 13, 2014: 12:00 AM EST

Retail sales in November and December 2014 are forecast to grow 4 percent to $617 billion, compared with sales in 2013, according to forecasts by the National Retail Federation. After seeing weak sales in summer, retailers, including Walmart and Kmart, are looking forward for the holiday season to boost their revenue performance. Walmart said a shift in shopping habits is seeing consumers doing their holiday buying slightly later. The NRF is focusing research on factors that motivate shoppers to do their holiday shopping early, while retailers are putting on their holiday displays earlier in October and September.

Natalie Zmuda and Jack Neff, "Retailers Pin Hopes on Holidays After Sluggish Summer Sales", Advertising Age, October 13, 2014, © Crain Communications
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Irma Stops Selling Fabric Conditioner In Denmark

October 13, 2014: 12:00 AM EST
Denmark-based supermarket chain Irma said it will stop selling fabric softener at all of its 81 stores across the country. Part of the company's clean water initiative, the decision was made following the decline of sales of softener products in recent years. Irma's parent company Coop, however, said its other retail chains will continue selling the product.
Ray Weaver, "Irma drops fabric softener", The Copenhagen Post, October 13, 2014, © The Copenhagen Post
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Carrefour Opens First Supeco Store In Brazil

October 10, 2014: 12:00 AM EST
Carrefour opened its first Supeco retail store in Brazil in the city of Sorocaba, west of Sao Paulo city. Significantly smaller than the company's Atacadao stores, Supeco stores carry about 2,500 to 3,000 products. Carrefour plans to open another Supeco store in Sao Paulo by the end of 2014. The company also opened its second Express store in Sao Paulo after opening the first store in August 2014.
"Carrefour opens Supeco in Brazil", Retail Analysis, October 10, 2014, © The Institute of Grocery Distribution and IGD Services Limited
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Boots UK Launches TV Ad Featuring Luxury Products In Lieu Of Rural Stores

October 10, 2014: 12:00 AM EST
Health and beauty retailer Boots UK launched a TV advertisement for its click-and-collect service. Created by advertising agency Mother, the ad will be broadcast on October 12, 2014. In the TV commercial, stores in rural towns and villages were replaced with gigantic luxury products.
Gurjit Degun, "Boots replaces stores with giant luxury products in 'order and collect' ad", Campaign Live, October 10, 2014, © Haymarket Media Group Ltd.
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Lidl Focuses On Online Efforts To Promote Customer Loyalty

October 10, 2014: 12:00 AM EST
Discount retailer Lidl plans to launch a website aimed at providing shoppers and supporters an online platform to engage with the brand and create an online community, according to advertising and marketing director Arnd Pickhardt. According to the executive, Lidl is not worried about the efforts of the UK's top 4 retailers to lower their prices. He also said having low prices is not enough to ensure and promote customer loyalty and that although brand is important, the retailer chose to instead highlight the products, their quality and affordable prices.
Sarah Vizard, "Lidl looks to engage with brand advocates in loyalty push", Marketing Week, October 10, 2014, © Centaur Communications Ltd
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Ebay Launches First Global Brand Campaign In Time For Christmas

October 9, 2014: 12:00 AM EST
Online market eBay is launching Shop the World, the company's first global brand campaign. Created in partnership with Goodby Silverstein & Partners, the campaign aims to promote the site as the go-to online market for the holidays shopping season and overcome the negative effects of the cyberattack that affected 145 million customers in 2014. Scheduled to run across digital and social media, the campaign will highlight the wide range of products available at eBay's online store.
Sarah Vizard, "Ebay looks to put cyber attack behind it with launch of first global brand campaign", Marketing Week, October 09, 2014, © Centaur Communications Ltd.
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Carrefour Receives Top Honors For CSR Efforts From French Magazine

October 9, 2014: 12:00 AM EST
Retailer Carrefour was ranked number 1 on the CAC 40 list of top companies in terms of corporate social responsibility by the French magazine Enjeux les Echos. Based on the results of a survey conducted by the magazine, the list highlights CAC 40 companies' commitment to CSR. In partnership with the CSR Institute and a panel of experts, the magazine evaluated the companies in terms of transparency, governance, economic model, and supply chain. Also considered were their products and client relations, ethics and respect for human rights, environment, and social relations. Carrefour received special mention for its efforts to deal with food wastage.
"Carrefour rewarded for its CSR commitments and ranked at the top of the list of CAC 40 companies", Carrefour, October 09, 2014, © Carrefour
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Target Works To Improve Supply Chain, Deals With Bare Shelves Problem In Canada

October 8, 2014: 12:00 AM EST
Target Corp. needs to strengthen its supply chain in Canada in order to improve the retailer's dismal shelf stocking performance at a number of stores across the country. Target CEO Brian Cornell, in a BNN television interview, said the company's top executives are assessing each store in Canada. Cornell, however, said nothing about closing some of the retailer's stores in the country.
Hollie Shaw , "Target Corp CEO says every Canadian store ‘has to improve’ as bare shelves continue to plague retailer", Financial Post, October 08, 2014, © National Post
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Walmart Canada Raising Grocery Prices, BMO Says

October 7, 2014: 12:00 AM EST
Walmart Canada is raising its grocery prices in some parts of the country, according to market research firm BMO Capital Markets. A welcome development for Walmart's competitors, such as Sobeys and Loblaw, the price hikes highlight a trend described by BMO analysts as “suggesting Walmart Supercentre is finally passing through higher wholesale grocery costs in the form of retail grocery inflation”. Although food retail prices rose 1.2 percent in 2013, grocers remain burdened with “razor-thin” margins, with competition growing in the market due to expansion at Walmart, Target, and Costco.
Hollie Shaw , "Walmart Canada has hiked the price of its groceries, BMO report finds", Financial Post, October 07, 2014, © National Post
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Tesco Chairman Broadbent Ready To Leave Post Once Accounting Probe Is Complete, Sources Say

October 6, 2014: 12:00 AM EST
Richard Broadbent is reportedly considering resigning his position as chairman of UK retailer Tesco PLC once a probe into the company's accounting practices is completed. In September 2013, the company suspended four senior executives and enlisted the help of external auditors to investigate a £250 million overstatement of its revenue forecast for the first half of 2014. Elected as chairman in 2011, Broadbent showed readiness to give up his position at the right time, according to sources from the company.
Peter Evans, "Tesco Chairman Would Consider Resigning", Wall Street Journal, October 06, 2014, © Dow Jones & Company Inc.
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Tesco Transfers Top Managers Of Wholesale Unit In India To Trent Hypermarket; Moves Closer To Opening Retail Stores

October 6, 2014: 12:00 AM EST
UK retailer Tesco integrated the top management of its Tesco Hindustan Wholesaling unit with Trent Hypermarket as part of the company's plans to open about 300 convenience stores in India. At present, Tesco's business in India is focused on the wholesale market, supplying merchandise to 12 Star Bazaar stores. In the UK, Tesco operates more than 1,500 convenience stores in urban and rural areas across the country. In May 2013, Competition Commission of India approved Tesco's acquisition of a 50 percent stake in Trent Hypermarket.
Sagar Malviya, "Tesco moves step closer to Tata; aligns top management of its back-end unit with Trent Hypermarket", Economic Times, October 06, 2014, © Times Internet Limited
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Tesco Announces New Non-Executive Director Appointments

October 6, 2014: 12:00 AM EST

UK retailer Tesco PLC announced the appointment of Richard Cousins and Mikael Ohlsson as members of the company's board of directors effective November 1, 2014. Compass Group PLC CEO Cousins was a non-executive director of Reckitt Benckiser Group PLC from 2009 to May 2014 and of HBOS PLC and Bank of Scotland in 2007 to 2009. Ohlsson was CEO and president of IKEA Group until September 2013.

"Tesco Non-executive Board changes", Tesco, October 06, 2014, © Tesco
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Retail Giants In UAE Offer More Affordable Products Than Their Smaller Rivals

October 4, 2014: 12:00 AM EST

In United Arab Emirates, large retail stores offer prices that are lower than those offered by their smaller counterparts, according to a study by The National newspaper. Results of the study, which compared prices of 24 branded consumer goods sold at Lulu, Spinneys, Carrefour, and Geant, revealed Carrefour Hypermarket at Mall of the Emirates offered the lowest prices; however, prices at its smaller Motor City store were 10 percent higher. Spinneys Market on Saadiyat Island had the highest prices, 19 percent higher than prices at Lulu. Looking at the retailer with their hypermarkets and convenience store operations combined, Lulu and Carrefour were found to be the cheapest shopping destinations in the country.

Adam Bouyamourn and Andrew Scott, "Bigger is better for UAE supermarket shoppers", The National, October 04, 2014, © The National
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UK Mobile Shoppers Rise As Fewer Use Computers To Buy Online

October 3, 2014: 12:00 AM EST

In the UK, the number of shoppers visiting leading online retail sites using their Android devices rose an average of 48 percent in the year ending June 2014, according to Nielsen. In contrast, the number of customers using their desktop and laptop computers to shop online dropped almost 20 percent. Retailer Groupon saw the biggest decline in number of users of desktop and laptop computers, recording about one-third fewer users compared with last year. Another retailer, John Lewis, saw a 20 percent drop, while its mobile user base rose 114 percent during the period.

Justin Neville-Rolfe, "Mobile Migration: Online Shopping Goes Mobile in the U.K.", Nielsen, October 03, 2014, © The Nielsen Company
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Senorita Bread Rivals The Cronut In Delicious Decadence

October 3, 2014: 12:00 AM EST
A bread produced by a Filipino bakery in Sacramento, Calif., caught the attention of local food writer Andrea Thompson. She says Starbread Bakery’s “senorita bread” is every bit as delicious and decadent as a doughnut or a croissant (or the cronut hybrid invented by a New York City baker). Senorita bread, known as Spanish bread in the Philippines, is a small, oblong roll of dough covered with butter, sugar and breadcrumbs, then rolled, sprinkled with more sugared breadcrumbs and baked. “The finished bread has a base of buttery caramel that is hard to forget,” Thompson says.
Andrea Thompson, "Warning: Starbread Bakery's senorita bread may be addicting", Sacramento Business Journals, October 03, 2014, © American City Business Journals
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Cosmetics Companies Need Pay More Attention To Indonesia

October 2, 2014: 12:00 AM EST

Indonesia, with its huge population, 5.6 percent annual GDP growth rate, and a fast-growing middle class, is a most important market for cosmetics companies. Several factors and trends influence the market and consumer behavior in the country, including its geography and demographics, frequency of shopping for FMCG goods, and average spending per household per shopping trip. Demand for cosmetics is growing across the country, with the segment posting double-digit growth rate in 2013. Market penetration stands at 81 percent, or about 40.3 million households, with growth in rural areas outpacing those in urban markets.

Ashley Kang, Kantar Worldpanel, "Revealing the Beauty Within Indonesia", Happi.com, October 02, 2014, © Rodman Media
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Top 5 Trends Affecting Retail Market Growth In Brazil, Study Shows

October 2, 2014: 12:00 AM EST

In Brazil, five trends are affecting growth in the retail market, according to market research firm IGD. Data from the September 2014 study revealed there is reduced optimism for the Brazilian economy in the longer term, with 2014 and 2015 expected to have lower growth rates. Rising inflation rates are prompting consumers to stock up on products when they are on promotion. Despite the economic slowdown, retailer Atacarejo remains on growth mode. Infrastructure-related problems are making it hard to transport products across the country, while large retailers are focusing more on proximity retailing.

Catherine Ellwood, "Five trends affecting retail growth in Brazil", Retail Analysis, October 02, 2014, © The Institute of Grocery Distribution and IGD Services Limited
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Pepsi Joins Coke In Experimenting With Online-Only Soda Marketing

October 1, 2014: 12:00 AM EST
The latest version of the 120-year-old soft drink once known as Pepsi-Cola will be sold exclusively by online retailer Amazon.com. Pepsi True, sweetened with sugar and stevia, is a mid-calorie soda that will launch in mid-October to compete with mid-calorie Coca-Cola Life, also sweetened with sugar and stevia. Coke is marketing another of its soft drinks, Coca-Cola Surge, exclusively online. Analysts say introducing new beverages online is a “good move”, because online sales will “build scale” in the market before expanding to traditional retail outlets. Sales of diet sodas are sagging as consumers grow more concerned about soft drink consumption and obesity.
Tripp Mickle, "New Pepsi Goes to Amazon", The Wall Street Journal, October 01, 2014, © Dow Jones & Company, Inc.
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Boots Hires Waitrose Ecommerce Director Robin Williams As Multichannel Director

October 1, 2014: 12:00 AM EST
Retailer Boots recruited Waitrose ecommerce director Robin Phillips as its director of multichannel. Phillips' responsibilities as head of multichannel operations will cover all aspects of digital, loyalty, and IT, and will be tasked with speeding up delivery of “a multichannel approach across the businesses,” according to the company. Other executive appointments include the hiring of Suzanne Hansen as director of health care and Stephen Lehane as director of human resources.
Gemma Goldfingle and Nicola Harrison, "Boots poaches Waitrose ecommerce director Robin Phillips", Retail Week, October 01, 2014, © EMAP Publishing Limited Company
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Salt-Risen Bread Puts Chef’s BLT In A Class By Itself

September 30, 2014: 12:00 AM EST
A Kentucky food writer reports that the major reason why a “normally pedestrian sandwich” – the BLT – tastes so good at the Lexington Country Club is the special artisan bread used. Chef Robert Myers and his daughter take the time to create their version of salt-risen bread, which is even more time-consuming to make than sourdough, but hugely popular locally. The starter mash has to be re-mixed every week; the dough uses no yeast, only unrefined Celtic French sea salt, making rising time longer. The result is a loaf that is more flavorful – “almost cheesy” -- more easily digestible, and a big hit among local bread lovers.
Janet Patton, "A lot of work to make, salt-risen bread is worth it for Perryville baker", kentucky.com, September 30, 2014, © Lexington Herald-Leader
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Accelerating Purchase Of Swiss Pharmacy Chain Leads To Walgreen 4th Q Loss

September 30, 2014: 12:00 AM EST
Walgreen posted a book loss of $866 million in the quarter ended August 31 because it chose to buy the remaining stake in Swiss health and beauty retailer Alliance Boots earlier than necessary. The purchase pushed Walgreen’s overall fourth quarter loss to $239 million, which was within Wall Street forecasts. The company had until next year to buy the remaining 55 percent of the retailer, the U.K.’s biggest pharmacy chain. Exercising the purchase option early meant that Walgreen had to remove its value from the books, leading to the non-cash charge.
Tom Murphy, "Walgreen Posts 4q Loss on Alliance Boots Charge", Associated Press, September 30, 2014, © The Associated Press
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Study Names Top Five Brands In Digital Gifting

September 30, 2014: 12:00 AM EST
A benchmarking study by Retail Systems Research (RSR) on the digital gift card industry has found that the brands with the highest overall scores across verticals, and therefore the most comprehensive omni-channel digital gifting offerings, are Sephora, Starbucks, Home Depot, Best Buy and Dunkin’ Donuts. RSR focused on differentiating capabilities in making its selections, including both mobile and social experiences, "to reflect the evolving use of digital gift cards in omni-channel commerce". RSR took notice of retailers’ prioritization of gifting as a whole, the ability to digitally “thank” a gift giver, and integration with loyalty and marketing programs.
"RSR Research’s Fourth Digital Gift Card Benchmark Study Identifies Brands That are Perfecting the Omni-Channel Gifting Experience", News release, RSR, September 30, 2014, © RSR
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Instagram’s Systrom Joins Walmart Board

September 29, 2014: 12:00 AM EST
Instagram CEO and co-founder Kevin Systrom, 30, was named to the board of directors of Walmart. Systrom, a software engineer and entrepreneur, will also serve as a member of the company’s technology and e-commerce committee and the compensation, nominating and governance committee. Founded in 2010, Instagram was acquired by Facebook in August 2012. Systrom is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
"Instagram CEO and Co-Founder Kevin Systrom Joins Walmart’s Board of Directors", News release, Wal-Mart Stores, Inc., September 29, 2014, © Wal-Mart Stores, Inc.
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Metro AG Extends CEO Koch's Contract

September 24, 2014: 12:00 AM EST
German retailer Metro AG’s Supervisory Board extended the contract of the company’s chief executive officer Olaf Koch via a unanimous vote. Running until September 2015, Koch’s contract is extended until September 2018, according to the company. Starting his career at Metro AG as chief financial officer in 2009, Koch was appointed CEO in January 2012.
"Supervisory Board extends contract of Olaf Koch", METRO GROUP, September 24, 2014, © METRO AG
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Metro Cash & Carry Thinks About Leaving Denmark

September 23, 2014: 12:00 AM EST
German trading company Metro Group said it is thinking about leaving Denmark’s wholesale business. After conducting a thorough study of the market, Metro Group had determined that Denmark is saturated without enough growth potential. Metro Group currently operates five Metro Cash & Carry stores and employs about 700 people in the country.
"Metro Cash & Carry considers pulling out of Denmark", Fresh Plaza, September 23, 2014, © Fresh Plaza
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Tesco's Homeplus Unit Faces Government Probe In South Korea

September 23, 2014: 12:00 AM EST
South Korean authorities are probing Tesco’s local retail unit, Homeplus, after allegations were made that its managers sold customers’ personal information to insurance companies. Also, the government is looking into charges that the retailer, Tesco’s biggest brand outside the UK, rigged a competition for customers to ensure that friends of Homeplus workers won the grand prize. Tesco is cooperating with government investigators, the retailer said.
"Tesco's South Korea brand Homeplus under investigation", BBC, September 23, 2014, © BBC
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Carrefour Says It Will Not Leave Taiwan; Announces Expansion Plans

September 23, 2014: 12:00 AM EST
Retailer Carrefour said it will not leave Taiwan and will instead expand its business presence in the market. Rejecting reports about abandoning the market after the company closed its store in the city of Taichung, Carrefour clarified that the move was part of the reorganization of its business in the country. According to Carrefour Taiwan president Patrick Ganaye, the company will invest from NT$5 billion to NT$7 billion in the local market in the next three years and will expand its online services as part of its efforts to increase sales. At present, Carrefour operates 62 hypermarkets and eight supermarkets in the country.
"Carrefour vows not to exit Taiwan, but raise investments", Focus Taiwan, September 23, 2014, © The Central News Agency
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Target Canada's Prices Are Lower Than Wal-Mart's, Study Shows

September 22, 2014: 12:00 AM EST
Target Corp.’s Canada unit is selling 33 national brands of grocery, health, and beauty products at prices 3.9 percent lower than those of rival Wal-Mart Canada, according to a study by consulting firm Kantar Retail. Results of a similar study conducted by Kantar in spring of 2013 revealed the two retail chains had similar pricing. However, despite Target’s efforts to improve pricing as a major focus of its turnaround strategy in Canada, only half of shoppers think it delivers “very good” or “excellent value for money”, according to data from market research firm TNS Canada.
Marina Strauss , "Target Canada winning price battle with Wal-Mart ", The Globe and Mail, September 22, 2014, © The Globe and Mail Inc.
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