Latin America's largest economy is in the focus of Carrefour. The French giant spoke to investors about its ambitious plans. Whole Foods is in the process to revamp its purchasing process and Russian retailer Lenta bets on organic growth but is also looking for acquisition opportunities. Read also about the growing meal kit industry and its threats.




Tuesday, 13 March 2018





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Latin America's largest economy is in the focus of Carrefour. The French giant spoke to investors about its ambitious plans. Whole Foods is in the process to revamp its purchasing process and Russian retailer Lenta bets on organic growth but is also looking for acquisition opportunities. Read also about the growing meal kit industry and its threats.

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US & Latin America


Aspiring goal ▪ Carrefour Brasil plans to aggressively expand its store network and will consider purchases and partnerships as part of that drive. The retail giant wants to open nearly 50 new branches and to invest in online.



Meeting suppliers ▪ Tensions between Whole Foods Market and some of the most important brands it sells will come to a head on March 19, when they will congregate for a summit. A key issue to be discussed are efforts to centralise its purchases. Another point is the new servicing fee.



Thinking ahead ▪ In a bid to speed up its operations, delivery service Instacart has filed a patent for a mobile self-checkout system, which includes a mobile application and an online concierge service that would allow shoppers to make purchases on behalf of customers, thereby bypassing the checkout line.




Europe


Strong performance ▪ Lenta will open about 20 new hypermarkets and 50 supermarkets in 2018 as part of its organic expansion but will continue to look for attractive acquisition targets. The Russian grocer has posted a double-digit sales increase to RUB 265.2 billion in 2017, driven by its ongoing growth plans.



Going public ▪ London-based online luxury fashion retailer Farfetch, whose estimated market value stands at GBP 4 billion, is poised to make an initial public offering. Dutch wholesaler B&S has similar plans. The company seeks to be listed on the Amsterdam stock exchange.



Buy local ▪ UK grocer Morrisons has selected more than 200 local food makers to sell everything from cheese to Yorkshire parkin in its stores. A survey has revealed that its customers prefer British food over imported groceries. The supermarket operator will reveal its full-year results tomorrow.




Asia


Logistics initiatives ▪ Following the lead of its largest competitor, Chinese e-commerce major JD.com is set to launch an international research and innovation centre focused on supply chain management. Last October, Alibaba established a US$ 15 billion worldwide logistics network.



Runway investment ▪ Alibaba is interested in clothing rental business Rent the Runway. Jack Ma and Joe Tsai, founders of the Chinese e-tailer, are set to invest US$ 20 million into the New York City start-up, which offers festive outfits at a fraction of the purchasing price and a subscription model.



Simplifying selling ▪ Singapore-headquartered e-commerce firm Lazada has rolled out measures to make doing business online easier, faster and more financially rewarding. The company, majority owned by Alibaba, has more than 135,000 local and international sellers and serves 560 million consumers.




Trends to watch


Dinner sorted ▪ The growing meal kit industry was one of the hot topics at this year's Annual Meat Conference in Nashville, Tennessee. One of the presenters showed the huge potential that this sector offers to retailers as they are in a position to answer customers' need for quick meals.



Frictionless shopping ▪ In the future of retail, it is likely that bricks-and-mortar stores and online commerce will merge into a seamless and convenient entity, says a Canadian tech entrepreneur. But shopping without friction will have a huge impact on jobs and social contacts.