Retail managers are in high demand in the Australasian region. Department store Myer is in search for a new boss as the old one has departed amid turmoil and Korean chain Lotte sees its CEO sent to jail for bribery, leaving a vacuum on the top. Across the Pacific, takeover negotiations and job cuts dominate the headlines. Enjoy the read.




Wednesday, 14 February 2018





Hello ,

Retail managers are in high demand in the Australasian region. Department store Myer is in search for a new boss as the old one has departed amid turmoil and Korean chain Lotte sees its CEO sent to jail for bribery, leaving a vacuum on the top. Across the Pacific, takeover negotiations and job cuts dominate the headlines. Enjoy the read.

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US & Canada


Drug deal ▪ Walgreens Boots Alliance is reportedly in talks to take over US drug distributor AmerisourceBergen. The purchase would give the pharmacy store giant more control over its supply chain, but keeps analysts questioning if it would be enough to compete in the evolving healthcare sector.



Saving costs ▪ Optimising its supply chain, department store operator JC Penney will close a distribution centre in Milwaukee and cut about 670 jobs. Redundancies are also on the agenda at booksellers Barnes & Noble as a result of poor sales performance over the holidays.



Cosmetics collaboration ▪ Canadian company Marc Anthony, one of the fastest-growing global hair care brands, expands its beauty business with the acquisition of Toronto-based Cake Beauty. Both brands are focused on making beauty accessible to everyone.




Asia & Australia


Top jobs on offer ▪ Australian department store chain Myer is looking for a new CEO after Richard Umbers has stepped down amid turmoil over his leadership. South Korean conglomerate Lotte Group is in similar trouble as its chairman, Shin Dong-bin, has been sent to jail for bribery.



Aussie boss appointed ▪ Jan Gardberg has been named the new head of Ikea Australia. He previously ran the Swedish furniture chain in Russia and China and is set to significantly increase the company's presence across the red continent with more stores, pick up locations and online shopping.



Gloomy forecast ▪ The Australian unit of fast food chain Domino's Pizza has revised down its expectations for growth in its network of Australia and New Zealand stores, where comparable sales grew 3.7%, which was lower than expected.




Europe


Growth alliances ▪ French discounter Leader Price, a unit of Groupe Casino, will open stores in Italy, thanks to an agreement between Italian retailer Crai and Casino. UK grocer Morrisons enters the Channel Islands via a franchise deal with wholesaler Sandpiper, which operates 43 shops on Jersey and Guernsey.



Betting on bio food ▪ Being already one of the top sellers of organic products in France, E.Leclerc has announced that it intends to open 200 organic stores in the country within the next five years. The French cooperative has already established a dedicated organisation and purchasing office.



Slight increase ▪ Sales at German retailer Metro grew by 0.2% to EUR 10.1 billion in the first quarter of the year, despite a drop in its Russian business. The group is aiming for a similar growth rate as in the previous year and anticipates that the main driver of it will be Metro Wholesale.




Keep an eye on


Forget cooking ▪ The rise of online ordering is likely to shape how we think about preparing evening meals, according to a research from Rabobank. In the near future, cooking at home will become a rare occasion, while food delivery will be the new standard.



Shipping worries ▪ The world’s biggest container shipping line, Maersk, is trying to stop customers like Amazon and Alibaba from becoming competitors. Maersk CEO Soren Skou urges the maritime industry to do a good job otherwise the online titans will look how to do it better.