Food Marketing Institute (FMI) and Nielsen have formed an analytic alliance to uncover comprehensive insights on the “Digitally Engaged Food Shopper.” Results from this multi-year initiative will focus on current and future digital shopping behaviors, incorporating perspectives from top retailers, CPG manufacturers and technology providers, along with consumer research by FMI and Nielsen. “Trend creating the immediate need for retailers and manufacturers to implement ‘connected commerce’ strategies to maintain retail relevance,” said Chris Morley, president of Nielsen U.S.(produceprocessing.net)
AU: Coles 'knew it was underpaying over half its workers'
Coles was aware it was underpaying more than half its employees allowing the major Australian supermarket chain to pocket approximately $70 million per year, often by large sums, a report by Ernst and Young revealed. Tim Lyons, Per Capita research fellow, believes it is impossible Coles was unaware of the situation and the supermarket giant should take responsibility. (dailymail.co.uk)
Coles was aware it was underpaying more than half its employees allowing the major Australian supermarket chain to pocket approximately $70 million per year, often by large sums, a report by Ernst and Young revealed. Tim Lyons, Per Capita research fellow, believes it is impossible Coles was unaware of the situation and the supermarket giant should take responsibility. (dailymail.co.uk)
India: Future group to take Nilgiris supermarket store count to 1,000
Kishore Biyani-led Future Group is planning a major expansion of its southern supermarket chain Nilgiris by adding more products and taking the store count to 1,000 in next three years. Nilgiris is operating 160 stores in South India and has sales of around Rs 800 to Rs 900 crore. (economictimes.indiatimes.com)
US: Fruit-selling Dollar General building five stores in ND
Dollar General, which started selling fresh produce recently, is expanding into North Dakota. The Tennessee-based discount chain has stores under construction in Oakes, Ellendale, Hankinson, Hillsboro and Gwinner. The stores are scheduled to open in the spring. (kfgo.com)
Amazon sells directly through Japanese cooking show
Amazon is set to launch its own cooking show in Japan, with a chef who prepares several local specialties. Viewers can order several dishes from the show directly on Amazon. The cooking show trial is Amazon's next step to convince customers that one-click orders are a good idea. (retaildetail.eu)
Greengrocer Pagoda enters Taiwan
Top Chinese greengrocer Pagoda opened its first store in Taiwan. This first store is located in Dali District in Taichung City and makes Pagoda the first fresh fruit chain store brand to enter Taiwan. (producereport.com)
AU: Woolworths tipped to report heavy loss
When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business. Credit Suisse analysts say that with a restructuring charge of $960 million and its exit from the Masters Home Improvement business being treated as a "discontinued operation", total impairments could hit $2.7 billion. That could leave Woolies with a statutory loss of around $1 billion. (smh.com.au)
UK: Tesco follows night tube launch with 24-hour stores
A number of Tesco stores across London will open 24 hours in line with the new Night Tube schedule in a bid to increase convenience for late night and early morning travellers. From this weekend Tesco will trial opening seven additional stores for 24 hours on Friday and Saturdays along the Victoria and Central lines. (esmmagazine)
Thailand's Berli expects 2016 sales to hit $3 bln after Big C buy
Thai trading firm Berli Jucker Pcl expects annual sales to hit 100 billion baht ($3 billion) in 2016 after incorporating its $6.2 billion May acquisition of hypermarket retail chain Big C Supercenter Pcl , a top executive said on Friday. (Reuters)
E-mart launches own brand in China
E-mart announced Aug. 22 that it has signed an agreement with Metro China to supply its private label items worth US$15,000. The largest discount seller in South Korea will introduce four items from its No Brand range, a no-frills lineup of its own, to be sold from September. (koreaherald.com)
UK supermarket prices rebound in July
The UBS 'Evidence Lab' found like-for-like pricing up 0.4% year-on-year in July after a 0.9% fall in June. This was found to be largely due to Wal-Mart's UK arm Asda actually raising LFl prices 3.2% and Sainsbury's by 1.9%, "contrary to many investor views that Asda will soon start investing heavily in price", something UBS research team has not been seeing. UBS said it was good news for the UK industry, and particularly its top sector pick Tesco, with pricing from the market leader falling 1.1% year-on-year in July up from June's 2.4% decline. Producing the second largest price increase in the data was seen as a "strong sign" from Sainsbury's. (digitallook.com)
Kishore Biyani-led Future Group is planning a major expansion of its southern supermarket chain Nilgiris by adding more products and taking the store count to 1,000 in next three years. Nilgiris is operating 160 stores in South India and has sales of around Rs 800 to Rs 900 crore. (economictimes.indiatimes.com)
US: Fruit-selling Dollar General building five stores in ND
Dollar General, which started selling fresh produce recently, is expanding into North Dakota. The Tennessee-based discount chain has stores under construction in Oakes, Ellendale, Hankinson, Hillsboro and Gwinner. The stores are scheduled to open in the spring. (kfgo.com)
Amazon sells directly through Japanese cooking show
Amazon is set to launch its own cooking show in Japan, with a chef who prepares several local specialties. Viewers can order several dishes from the show directly on Amazon. The cooking show trial is Amazon's next step to convince customers that one-click orders are a good idea. (retaildetail.eu)
Greengrocer Pagoda enters Taiwan
Top Chinese greengrocer Pagoda opened its first store in Taiwan. This first store is located in Dali District in Taichung City and makes Pagoda the first fresh fruit chain store brand to enter Taiwan. (producereport.com)
AU: Woolworths tipped to report heavy loss
When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business. Credit Suisse analysts say that with a restructuring charge of $960 million and its exit from the Masters Home Improvement business being treated as a "discontinued operation", total impairments could hit $2.7 billion. That could leave Woolies with a statutory loss of around $1 billion. (smh.com.au)
UK: Tesco follows night tube launch with 24-hour stores
A number of Tesco stores across London will open 24 hours in line with the new Night Tube schedule in a bid to increase convenience for late night and early morning travellers. From this weekend Tesco will trial opening seven additional stores for 24 hours on Friday and Saturdays along the Victoria and Central lines. (esmmagazine)
Thailand's Berli expects 2016 sales to hit $3 bln after Big C buy
Thai trading firm Berli Jucker Pcl expects annual sales to hit 100 billion baht ($3 billion) in 2016 after incorporating its $6.2 billion May acquisition of hypermarket retail chain Big C Supercenter Pcl , a top executive said on Friday. (Reuters)
E-mart launches own brand in China
E-mart announced Aug. 22 that it has signed an agreement with Metro China to supply its private label items worth US$15,000. The largest discount seller in South Korea will introduce four items from its No Brand range, a no-frills lineup of its own, to be sold from September. (koreaherald.com)
UK supermarket prices rebound in July
The UBS 'Evidence Lab' found like-for-like pricing up 0.4% year-on-year in July after a 0.9% fall in June. This was found to be largely due to Wal-Mart's UK arm Asda actually raising LFl prices 3.2% and Sainsbury's by 1.9%, "contrary to many investor views that Asda will soon start investing heavily in price", something UBS research team has not been seeing. UBS said it was good news for the UK industry, and particularly its top sector pick Tesco, with pricing from the market leader falling 1.1% year-on-year in July up from June's 2.4% decline. Producing the second largest price increase in the data was seen as a "strong sign" from Sainsbury's. (digitallook.com)