There was plenty of good news for investors this week with Alibaba emerging the star of the show. Over in the US, the extent Hurricane Irma’s impact on food sales becomes more clear with a number of affected companies delivering results. Finally, India’s growing penchant for online shopping is highlighted as Walmart makes its next move and impressive app download figures are shared. Enjoy the read!




Friday, 03 November 2017





Hello ,

There was plenty of good news for investors this week with Alibaba emerging the star of the show. Over in the US, the extent Hurricane Irma’s impact on food sales becomes more clear with a number of affected companies delivering results. Finally, India’s growing penchant for online shopping is highlighted as Walmart makes its next move and impressive app download figures are shared. Enjoy the read!




Asia & Australia


Alibaba delights ▪ The e-commerce heavyweight has blown away estimates after an ‘outstanding’ quarter thanks to strong growth in online sales, particularly at home. The Chinese superstar shook off what can traditionally be a quiet second quarter to record a 61% jump in revenue.



Moving in ▪ Retail giant Walmart showed how seriously it is taking expansion in India, opening one of its first global fulfilment centres there. Chinese e-commerce major JD.com will open an online shopping site in Thailand in partnership with a local player as it looks to take on Alibaba in the region.



Smartphone milestones ▪ Rivals Amazon and Flipkart have each cracked 100 million app downloads on Google Play in India, as the nation embraces online retail. Customers of Woolworths can now add their loyalty card to their iPhone as the company continues to focus on digital trends.




Europe


Unstoppable growth ▪ Morrisons enjoyed its eighth straight quarter of growth, as the UK grocer becomes the fastest growing of the ‘Big Four’ supermarkets. Discounter Aldi shows no signs of slowing in Ireland and the UK with new figures showing combined revenues jumped to GBP 8.7 billion.



Offshore acquisitions ▪ German food manufacturer Südzucker’s US subsidiary will acquire pizza maker Richelieu for US$ 435 million. Consumer giant Unilever has completed its EUR 2.27 billion purchase of cosmetics company Carver Korea, as it looks to secure a stronger position in the world’s fourth-largest skincare market.



Loyalty matters ▪ Spar UK is beefing up its rewards scheme with the introduction of the new Zapper app to its stores, which also combines mobile payment. Spanish cooperative Coviran has introduced its loyalty programme, Clube Familia, to six of its supermarkets in Northern Portugal.




USA


Irma impacts ▪ Publix Supermarkets reported a boost in sales over the quarter, as consumers spent some US$ 250 million stocking up on supplies ahead of the hurricane. Kraft Heinz delivered results falling just short of estimates, and warned the following quarter would be hampered by consumers working through emergency stores of tinned goods.



Aspirational goals ▪ German discounter Lidl will open its first of six stores planned for New Jersey as part of its expansion beyond its original entry into the southeast. Mia Supermarket, the country’s first publicly-listed Chinese/Asian supermarket chain, has changed its name to iFresh as it continues its fast-growing presence in the northeast.



Sweet ambitions ▪ Confectionary giant Hershey’s will launch its first new candy bar in more than 20 years next month. The company says Hershey’s Gold recognises increasingly complex consumer tastes. Pepsi is selling 51% of its Thai business to Japanese beverage company Suntory as it looks to grow in the country.




Survey results


Mobile milestone ▪ Digital shopping habits for the US holiday season are expected to confirm the rise of mobile shopping, with projections that mobile visits will for the first time ever surpass desktop activity.



Waste not want not ▪ New research shows three-quarters of Brits are throwing fresh produce away every week, with young people emerging as the worst offenders. It is estimated the UK grocery segment wastes more than GBP 30 million a year on failed product launches.