Partnerships are surely a way to thrive in the competitive retail industry. UK's Tesco and its French counterpart Carrefour have officially ratified their strategic alliance. Fellow Brit and health store operator Holland & Barrett is on the lookout for potential foreign acquisitions, and across the Atlantic, Walmart teams up with a meal kit provider. Get informed and feel free to share!




Tuesday, 07 August 2018





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Partnerships are surely a way to thrive in the competitive retail industry. UK's Tesco and its French counterpart Carrefour have officially ratified their strategic alliance. Fellow Brit and health store operator Holland & Barrett is on the lookout for potential foreign acquisitions, and across the Atlantic, Walmart teams up with a meal kit provider. Get informed and feel free to share!




United States


Food partnership ▪ In a move to further differentiate itself from competitors, Walmart is teaming up with San Francisco start-up Gobble to sell their signature meal kits via the big-box retailer's e-commerce platform. The offered dishes can be prepared in 15 minutes or less and require only one pan. The service targets specifically busy parents and their needs.



Top replacement ▪ Snack and soft drink giant PepsiCo announced that Indra Nooyi would step down as its long-time chief executive officer, handing over the reins to company veteran Ramon Laguarta. In other news, it was revealed that the PepsiCo Foundation will donate USD 10 million to the Recycling Partnership.



Under pressure ▪ Mattress Firm, the largest US mattress retailer, and National Stores, the parent company of discounter Fallas, are the latest casualties to succumb to financial pressures as more people shop online. The former is considering a potential bankruptcy filing, while the latter already filed for Chapter 11.




Europe & Middle East


Anticipated alliances ▪ While French giant Carrefour and UK's Tesco expect their previously-announced global purchasing collaboration to become operational in October, British competitor Sainsbury's faces some headwinds from its employees about its planned merger with supermarket operator Asda (paywall, in German).



Ambitious target ▪ UK-headquartered international health food chain operator Holland & Barret aims to treble its business within 10 years and generate a revenue of GBP 2 billion. To expand internationally, the company, which is under new ownership since last year, is set to acquire some businesses.



Digital decisions ▪ Carrefour Belgium is starting to sell local products on a new online sales platform. Saudi Arabian e-commerce company Noon has announced the launch of a service to deliver groceries to customers' doorsteps "with just a few clicks". Founder Mohamed Alabbar is looking to expand into the grocery sector.




Asia


Payment fines ▪ China's central bank is stepping up its scrutiny of payment organisations to prevent financial risks and irregularities and protect consumers. Alibaba's payment unit Alipay and several other payment organisations have been fined for breaching regulations.



Shared leadership ▪ Bengaluru-based e-commerce major Flipkart has hired five senior executives at the level of vice president in an effort to strengthen its top management. The move is significant as the web retailer has been trimming down its senior management in the past.



Pressing ahead ▪ McDonald's has opened more than 300 new stores in China and is also investing in digital technology with more than 75% of its stores now offering kiosk ordering and payment facilities. The food service giant is eyeing further expansion into smaller Chinese cities.




Inspiring initiatives


Fighting waste ▪ Portuguese supermarket chain Pingo Doce has partnered with an environmental services provider on a joint recycling campaign. In an initial pilot, consumers will be able to exchange their used packaging for discounts in the stores.



Sustainability accelerator ▪ Drinks giant AB InBev will be sourcing start-ups that can assist with its sustainability project. The Budweiser parent says that it will 'support, mentor and fund successful applicants so they can incubate, experiment, refine and ultimately amplify their solutions at scale'.