‘Tis the season for spending with more acquisitions coming out of the woodwork. Colgate-Palmolive gets into the professional beauty space while Jack in the Box offloads its Qdoba franchise to a generous buyer. Meanwhile, Walmart is enjoying the fruits of its labour as Wall Street admits they underestimated the retailer. Enjoy the read and feel free to share.




Wednesday, 20 December 2017





Hello ,

‘Tis the season for spending with more acquisitions coming out of the woodwork. Colgate-Palmolive gets into the professional beauty space while Jack in the Box offloads its Qdoba franchise to a generous buyer. Meanwhile, Walmart is enjoying the fruits of its labour as Wall Street admits they underestimated the retailer. Enjoy the read and feel free to share.

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USA & Canada


Buy and sell ▪ Colgate-Palmolive has announced it will spend US$ 100 million to buy both PCA Skin and EltaMD Skin Care, opening the door to the professional skin care market. Jack in the Box is selling its struggling Mexican franchise, Qdoba, for US$ 305 million in cash.



Walmart vindicated ▪ Citi Research has taken the rare step of admitting it made a mistake, saying the discounter is well-positioned to compete with Amazon. That’s not to say its rival isn’t a worthy opponent though, with new estimates suggesting 75% of online consumers shop on Amazon.



Taking care of the pennies… ▪ Canadian supermarkets are making more than CA$ 3 million a year from rounding pennies according to one study. Grocers are cashing in on the demise of the penny since Ottawa announced plans to phase out the coin.




Europe


New initiatives ▪ UK grocery chain Nisa has developed an app that allows member retailers to order, check prices and track deliveries. Portuguese hypermarket chain Continente is launching a project to improve the nutritional value of its private label produces, as it looks to cut down sugar, fat and salt.



Unstoppable Aldi ▪ The German discounter is planning to ramp up its investment in the Polish market next year. The company will focus on modernising and improving existing stores before expanding further. In Northern Portugal the chain has kicked off its growth strategy, opening its first three stores there.



Fighting fires ▪ Embattled poultry giant 2 Sisters has vowed to publish results of site audits as it tries to regain public trust. Poundland owner Steinhoff has promoted its COO to interim CEO as it looks to contain its accounting scandal, while creditors desert the company.




Asia & Australia


Play time ▪ Iconic toy retailer Hamleys has announced it will open its biggest store in Beijing in time for Christmas. The mega store will include a giant carousel and large play facilities. Chinese online giant Tencent is looking to American superheroes to help it conquer the US gaming market.



Digital moves ▪ Japanese retailer Aeon will invest US$ 4.4 billion in online retail over the next three years as it looks to lay the foundations for its long-term survival. Online Liquor Group and The Wine Society are merging in a deal expected to create the largest independent player in Australia’s online liquor industry.



Mall milestone ▪ Wanda boss Wang Jianlin is vowing to ramp up the openings of his flagship malls to hit 1,000 by 2028. The Chinese billionaire made the statement after months out of the spotlight and against the backdrop of talk about cash flow problems and asset shrinkage in the company.




Digital trends


Amazon’s next move ▪ One banking analyst is predicting the online giant could get into the financial sector next year. He says an acquisition of a small or mid-size bank could be a tactical or ‘broad strategic jump’ into that space.



Defining stats ▪ Read on for five key statistics showing the extent of global connectivity, which one commentor says will define the ever-changing digital consumer in 2018.