Auchan launched its first organic store in France, Germany's Haribo trials a flagship in London, and Amazon gives Whole Foods a boost with pop-ups in the US. Read also about a major bakery deal and a Chinese commitment to American beef and pork. Enjoy your Friday issue and have a great weekend.




Friday, 10 November 2017





Hello ,

Auchan launched its first organic store in France, Germany's Haribo trials a flagship in London, and Amazon gives Whole Foods a boost with pop-ups in the US. Read also about a major bakery deal and a Chinese commitment to American beef and pork. Enjoy your Friday issue and have a great weekend.




USA & Canada


Coffee kingdom ▪ JAB Holding, a unit of Austria's billionaire Reimann family, is expanding its food empire in the US. Its recently acquired Panera bread business will take over the Au Bon Pain bakery chain, adding hundreds of cafés to its portfolio that already includes coffee and baked goods.



Festive preparations ▪ Amazon is putting its Whole Foods acquisition to work in time for holiday shopping by launching in-store pop-up shops featuring its technology products. Fierce rival Walmart gets ready for Black Friday with colour-coded sections to make it easy to find deals in the shops.



Ups and downs ▪ Struggling with stiff online competition, Macy's posted a bigger-than-expected drop in third-quarter sales. Fellow retailer Nordstrom topped expectations in Q3, but its same-store sales fell as hurricanes affected store traffic in some areas.




Europe


Drastic move ▪ Against a backdrop of many retailers who are currently downsizing their stores, British supermarket chain Iceland wants to expand its large format stores to around 400 outlets under the banner The Food Warehouse. Currently, it operates 52 of these outlets.



Innovative pilots ▪ Aldi Süd is trialling natural gas and electric-powered trucks as environmentally friendly logistics alternatives. Confectionary retailer Haribo opens a stylish flagship in a London designer outlet, and Auchan has launched Auchanbio, its first organic food and health-focused banner, in the French town of Lille.



Revealing results ▪ Sainsbury’s reported a fall in first-half profit and a slow sales growth, but the British grocer stays optimistic about the full-year profit forecast. Here is what the analysts think. Meanwhile, German sportswear label Adidas is on a run with a strong financial performance in Q3.




Asia & South Pacific


Transatlantic deal ▪ Chinese online major JD.com is set to spend US$ 2 billion to buy American goods over the next three years, more than half of which will be beef and pork. The announcement was made in Beijing and coincides with President Donald Trump’s visit to China.



Indian initiatives ▪ Flipkart is in talks with India’s top online furniture marketplace Pepperfry as the e-commerce leader explores ways to diversify its business. The beverage industry sees local companies gaining market share from Coca-Cola and Pepsi. Both soft-drink giants suffered a decline in the South Asian country.



Thinking ahead ▪ Icebreaker has signed the longest ever supply contract with growers of New Zealand merino wool, worth NZ$ 100 million. The Auckland-based outdoor clothing retailer also announced that it is being bought by US-based VF Corporation, which owns The North Face, Timberland and Vans brands.




Thoughts for the weekend


Foiled by explosive growth ▪ Next week, the High Court in Kenya will decide on the fate of ailing retailer Nakumatt with thousands of jobs at stake. Insiders think that East Africa's biggest supermarket chain was growing too far and too fast and the consequential disaster could have been prevented.



Shopping habits ▪ In an interview with Retail Gazette, David Lloyd, UK Managing director of Alibaba, talks about Black Friday and Singles Day and the popularity of British brands in China. He also explains how Chinese consumers differ from their counterparts in the Western world.