Unstoppable Amazon is said to enter another European country and pushes competitors Down Under into action. The online juggernaut and tech giant Alphabet impressed with stellar quarter results. Canadian milk giant Saputo wants to buy Australia's biggest dairy company. Enjoy the read and have a relaxing weekend.




Friday, 27 October 2017





Hello ,

Unstoppable Amazon is said to enter another European country and pushes competitors Down Under into action. The online juggernaut and tech giant Alphabet impressed with stellar quarter results. Canadian milk giant Saputo wants to buy Australia's biggest dairy company. Enjoy the read and have a relaxing weekend.




USA & Canada


Beating the estimates ▪ Amazon outpaced analysts' expectations with a double-digit rise in sales in Q3. The online giant has also fuelled speculation about a move into pharmaceuticals by gaining a number of wholesale pharmacy licences. Meanwhile, Google’s parent company Alphabet generated US$ 7.8 billion in quarterly profit, almost entirely from advertising.



Henkel invests in professional hair care ▪ German consumer goods maker Henkel acquires the North American professional hair unit, Zotos International, from Japan’s Shiseido Company which wants to focus on Asia. The deal is worth US$ 485 million. It is Henkel's third acquisition in the U.S. hair professional business in recent years.



Selling stores ▪ Drugstore chain Walgreens Boots Alliance expects to shut down 600 of its US stores, following its acquisition of Rite Aid last year. Activist investor Blackwells Capital suggested that wholesaler Supervalu should get rid of 30% of its store base in a bid to strengthen the business.



Robot roll-out ▪ As part of a broader effort to make shopping faster, Walmart will expand the number of stores, where shelf-scanning robots are tested to replenish inventory faster and save employees time when products run out. They are now roaming the aisles in 50 outlets across the US.




Europe


Eyes on Scandinavia ▪ The rumour has been going around for some time, now it really looks like that Amazon will open an online platform in Sweden within the next months. The country's e-commerce industry expects major repercussions from the arrival of the US giant, which runs already an office in Stockholm.



Growth initiatives ▪ The Co-op is set to open five brand new stores across Scotland by the end of November and will spend GBP 3.4 million, which is part of its GBP 11 million 2017 expansion plan. Meanwhile, Romanian supermarket chain Profi extends its network. Following a series of openings, the retailer operates stores in over 350 outlets in the country.



Crunching numbers ▪ While Portuguese retail group Jerónimo Martins saw its net sales grow by 10.4% to EUR 4.17 billion in the third quarter, Finland's Kesko's net sales were down 5.2% to EUR 2.65 billion. Moscow-based Dixy also suffered a sales drop of 8.3% to RUB 69 billion and recorded declines across all its formats.




Australasia


Dairy acquisition ▪ Canadian food giant Saputo wants to buy Australia's biggest dairy company, Murray Goulburn, and has offered US$ 1.3 billion. Several major dairy companies, including New Zealand's Fonterra, had expressed an interest in the troubled dairy group. The deal still needs shareholder and regulatory approval.



Online push ▪ As Amazon's arrival looms Down Under, electronics retailer JB Hi-Fi is working to bring its online offering up to the standard that customers expect. The Melbourne-headquartered company, which operates stores in Australia and New Zealand, has just reported a slowdown in sales growth.




Good intentions


Protecting the environment ▪ Ahold Delhaize, Lidl and Walmart are among the 23 international retailers and food companies to support a global pledge to work toward ending forest loss. Meanwhile, grocer Meijer was awarded from the US Environmental Protection Agency for its outstanding performance and leadership.



Saving energy ▪ German retail group Metro has opened a zero energy wholesale store, located in northeast Austria. The store's energy supply is generated through its own photovoltaic system, which is expected to generate more energy over the year than the store will need.