It's a mixed bag out there today, with Tesco dropping a major supply deal and Bosnia-Herzegovina seeing a fresh line of supermarkets. Germany's Metro and Sweden's Ikea solidify their presence in the Asia-Pacific, and Tencent forms a power trio. In the US, Walmart's sustainability game is strong and reality as we know it may be changing. Have a good read.




Thursday, 25 October 2018





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It's a mixed bag out there today, with Tesco dropping a major supply deal and Bosnia-Herzegovina seeing a fresh line of supermarkets. Germany's Metro and Sweden's Ikea solidify their presence in the Asia-Pacific, and Tencent forms a power trio. In the US, Walmart's sustainability game is strong and reality as we know it may be changing. Have a good read.




Europe


Abrupt ending ▪ Ireland-based food company Kerry Group is apprehensive about its job prospects after losing a critical deal with British grocer Tesco. The supermarket leader recently terminated an almost two-decade-long contract with Kerry for being supplied with ready-made meals.



Supermarket debuts ▪ Bosnia-Herzegovina will be home to a new line of supermarkets, as local food retailer Tropic backs new chain Crvena Jabuka Market. Meanwhile, British consumer collective Co-op is set to roll out three new outlets after purchasing locations from Waitrose.



Sustainable changes ▪ November will see Dutch retail major Ahold Delhaize make some administrative changes, with previous Sustainability Chief Marc Croonen departing, and the position taken on by deputy Megan Hellstedt, who will report directly to CEO Frans Muller.




Asia and Australia


Eastern focus ▪ German retailer Metro is on the hunt for a partner for its Chinese sector. The business is in talks with banks following 2.9% sales hikes in its Asian stores. Also eyeing its Eastern front is Kraft Heinz. The US food company is looking to sell part of its Indian business, amid diminishing demand.



Ambitious threesome ▪ Chinese internet giant Tencent has teamed up with supermarket chain operators ParknShop and Yonghui Superstores in its latest effort to shake up the country’s vast offline retail market. The three companies have formed a joint-venture company called ParknShop Yonghui.



International record ▪ E-commerce superstar Alibaba is set to break records with its upcoming Singles Day. The online giant's sales event will be reaching international audiences for the first time, with the stage set for it to become the largest e-retail event in history. Last year alone the day's profits exceeded USD 25 billion.



Shopping Down Under ▪ The Australian branch of online major Ebay has joined hands with platform Shopify, opening up a wider market for its buyers. Swedish flat-pack retailer Ikea also reveals a commitment to Australian buyers, determined to increase accessibility in the country.




USA and Canada


Staying busy ▪ Walmart pushes ahead in Canada, extending online grocery pickup to another 22 locations and will introduce pickup towers as early as next year. The retailer has also partnered with energy company SunPower to roll out solar power to 21 of its Illinois stores.



Fresh approaches ▪ Phoenix-based speciality grocer Sprouts Farmers Markets has 30 new stores in the works, with its first stores set to open next year. Department store operator Macy's is also investing in its outlets, starting out by upgrading 50 of its best locations across the US.




New Reality


Facebook augmentations ▪ It looks like Facebook has Augmented Reality in the works, with the social media platform's AR chief stating the company is determined to see its AR glasses become a reality. This would see Facebook enter a significant new market of developing virtual reality products.



The future of trade ▪ As the trade-war between the US and China continues, it seems likely both countries will suffer as a result. However, insiders reckon that countries like Vietnam, among others, are in the unique position of potentially becoming unexpected winners of the giants' trade dispute.