Amazon has finally revealed its shortlist for the lucky cities to be considered for its second headquarters, and there are some notable absentees. Meanwhile, its Chinese rival JD.com is getting behind struggling regions with some much needed cash. And rumours of the impending acquisition of Goodfella’s are confirmed. Enjoy the read and feel free to share.




Friday, 19 January 2018





Hello ,

Amazon has finally revealed its shortlist for the lucky cities to be considered for its second headquarters, and there are some notable absentees. Meanwhile, its Chinese rival JD.com is getting behind struggling regions with some much needed cash. And rumours of the impending acquisition of Goodfella’s are confirmed. Enjoy the read and feel free to share.

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USA


And the winner is... ▪ Online king Amazon has finally announced its much anticipated shortlist for its second headquarters, with Silicon Valley a notable absentee. The 20 finalists can expect a decision this year, with the company set to spend US$ 5 billion in the area and employ 50,000 people.



Walmart wins ▪ Goldman Sachs has named the discounter as a big beneficiary of stronger income growth in the country and tax cuts. The firm raised its rating to ‘buy’ and added the retailer to its ‘America’s Conviction List’, on the expectation that cashed up customers will help the company deliver to shareholders.




Europe


Goodfella’s sold ▪ Nomad Foods has confirmed the rumours circling last month with the acquisition of Green Isle Foods for EUR 225 million. The deal brings with it the Goodfella’s Pizza brand, to add to its own portfolio of frozen food.



M&S shakeup ▪ UK retailer Marks & Spencer will close its London distribution centre, with 380 jobs at risk. The move follows disappointing Christmas trading figures and will see work moved to other sites. The company has also overhauled its marketing team, appointing a new marketing director.



Age limit in UK ▪ Retail giants Asda and Aldi have joined Waitrose in banning high-caffeine energy drinks to under 16 year-olds from early March, following calls by campaigners for a total ban on the sale of energy drinks to children.




Asia & Australia


Regional backing ▪ Chinese online retailer JD.com plans to invest more than US$ 3 billion in ‘rustbelt’ regions over the next three years. Investment will include construction of an e-commerce settlement center, with the company focused on upgrading industries and creating jobs.



Milk money ▪ Dairy giant Fonterra is teaming up with Alibaba’s Hema Fresh to sell fresh milk in China. The new ‘Daily Fresh’ range will include labels matching each day of the week to highlight freshness, with stock replenished overnight. Initial volumes are currently at 3 tonnes daily, with scope to scale up.



More disruption ▪ Struggling Australian department chain Myer has unleashed another round of job cuts with 50 positions due for the axe including that of its finance chief Grant Davenport. The store is looking to turn around its flagging sales with a number of cost-cutting measures.




Interesting reads


Plastic pressure ▪ UK supermarkets under increasing pressure to disclose the amount of plastic they create say the figures are too ‘commercially sensitive’ to reveal. The standoff comes as concern continues to mount over plastic pollution and its impact on the environment.



Limits to loyalty ▪ Experts say Tesco’s recent changes to its rewards scheme point to a broader trend in which the days of loyalty cards and vouchers are numbered. "Shoppers are no longer monogamous. The idea of being loyal to a particular supermarket is a thing of the past."