CHECKOUT COUNTER: Rodent-gnawed chocolate leads to Steinhoff's Poundland fine
A weekly round up of the hottest international retail and consumer news.
1. Rodent-gnawed chocolate leads to Poundland fine
Poundland, the UK chain owned by Steinhoff, has been fined £134,000 following the discovery of “mice activity” at two of its stores. The Birmingham crown court said the rodents posed an imminent risk to health at Poundland’s shops in Corporation Street, Birmingham, where partially eaten chocolate Father Christmas figures, as well as mouse “smearing”, were discovered.
2. Jeweller Tiffany appoints chief artistic officer
Reed Krakoff has been named the chief artistic officer of Tiffany & Co. In the newly created position, Krakoff will oversee the design of Tiffany & Co. brand jewellery as well as luxury accessories. He replaces Francesca Amfitheatrof, the luxury brand’s design director. The company had a 14% drop in sales at its Fifth Avenue store in New York over the festive period due to “post-election traffic disruptions”. The store is situated next to Trump Tower.
3. The 10 most valuable Chinese brands
Millward Brown and WPP have released the sixth annual BrandZ Top 100 Most Valuable Chinese Brands ranking and report. They are: Tencent (tech, and a key part of the success of SA’s Naspers); China Mobile (telecom provider); Alibaba (retail); ICBC (banks); Baidu (tech); China Construction Bank (banks); Huawei (tech); Agriculture Bank of China (banks); Ping An (insurance); and China Life (insurance).
4. JCPenney, Nike in tie-up
US department store JCPenney has announced that it would add Nike shops (or allocate space for the brand) in 600 of its stores.