The future of Poundworld is in doubt as the British discount chain has ditched its rescue plan. Metro seeks to revamp its struggling business in Russia and Carrefour gets digital in Brazil, while Home Depot and Etsy fight Amazon in the US. Get inspired by some stunning store ideas and have a great start to your day. As always, feel free to share.




Tuesday, 15 May 2018





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The future of Poundworld is in doubt as the British discount chain has ditched its rescue plan. Metro seeks to revamp its struggling business in Russia and Carrefour gets digital in Brazil, while Home Depot and Etsy fight Amazon in the US. Get inspired by some stunning store ideas and have a great start to your day. As always, feel free to share.




Europe


High street carnage ▪ Thousands of British jobs may be under threat as Poundworld's US parent company TPG has reportedly stopped its restructuring plan and put the discount chain up for sale. Just recently, the company sought creditor approval for a proposal that included store closures.



Revamping in Russia ▪ After reporting a second-quarter loss to shareholders of EUR 52 million, German retailer Metro said on Tuesday it has taken steps to restore growth in its Russian business. It still expects a big fall in profits and a marked decrease in sales from the unit for the 2017/18 financial year.



On track ▪ Berlin-based Hellofresh raised its full-year revenue guidance after reporting strong growth in the first quarter. The multinational meal-kit delivery firm, which competes with struggling US rival Blue Apron, now expects its revenues to grow 30 to 35 % and wants to reach break-even in Q4.



Sneak peeks ▪ German discounter Lidl has opened its first Swiss city store (German captions) in a historic building in Zürich, while Netherland's Albert Heijn has launched a concept store in Hoofddorp with an emphasis on its fresh assortment. Click here for pictures (text in Dutch).




US & Canada


Fending off Amazon ▪ As the peak season for home improvement begins, shares at Home Depot have climbed and investors believe that the retailer is well positioned to withstand the competitive online threat. Etsy sees itself in a similar position. The vintage goods marketplace reported a 25% revenue gain.



Revival approved ▪ Southeastern Grocers and Tops Friendly Markets have received federal bankruptcy court approval to proceed with their separate restructuring plans. The former, whose banners include Winn-Dixie, Bi-Lo, Harveys Supermarket and Fresco y Más, expects to wrap up its reshuffle in the coming weeks.




Latin America & Africa


Online focus in Brazil ▪ Carrefour Brasil has launched a new click-and-collect style service in São Paulo, as the company keeps up its recent focus on e-commerce. The new service will allow customers to select items online, before driving to a designated drive-through area.



Partnership in Belize ▪ Dutch-based brewer Heineken has acquired a minority stake in Belize Brewing Company, which has been an importer and distributor of Heineken brands in the country since 2016. The financial terms of the deal have not been disclosed.



Profit jump ▪ Profit at South Africa's Astral Foods surged more than five-fold for the first half ended March, helped by higher sales and prices in its poultry business, where revenue increased by 23% to USD 448.5 million. Astral also produces animal feeds.




Australia & Asia


Special offers ▪ Aldi and Costco are driving down the prices of fresh produce, particularly in Western Australia, where prices are falling faster than elsewhere in the country, according to new research. Shoppers in Perth, for example, spent 6.9% less on fruit and vegetables last year.



Speedy delivery ▪ 7-Eleven Japan will launch a service to deliver goods from its stores in as little as two hours. The country's biggest convenience store chain is looking to capitalise on grocery delivery as online rivals such as Amazon Japan make inroads into the highly competitive field.



Stellar results ▪ South Korean retail major Shinsegae saw a 149% surge in profit in the first quarter thanks to solid performances from its department store and duty-free units. Net profit came to USD 78.4 million on a consolidated basis in the period. Operating income shot up 45.9%.