A number of quarterly results have been revealed, some with gloomy prospects. In the US, Amazon missed the estimates and forecast a disappointing holiday season. In Europe, electronics giant Ceconomy fights with declining sales and British icon Debenhams reported its biggest annual loss. Check out what the insiders think and have a relaxing weekend!




Friday, 26 October 2018





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A number of quarterly results have been revealed, some with gloomy prospects. In the US, Amazon missed the estimates and forecast a disappointing holiday season. In Europe, electronics giant Ceconomy fights with declining sales and British icon Debenhams reported its biggest annual loss. Check out what the insiders think and have a relaxing weekend!




Europe


Polish partnership ▪ Lidl Polska and Inpost have joined forces in Poland. The logistics operator will install parcel lockers next to selected stores of the discounter. Inpost CEO Rafał Brzoska says that the offer might increase sales by up to 10%. Polish online shopping has enjoyed a strong double-digit growth over the past few years.



Poor performances ▪ Germany's Ceconomy, Europe’s biggest consumer electronics retailer, reported a 3.8% sales decline in its fourth quarter. Wholesaler Metro, which has been splitting from the former, also suffered a drop in quarterly sales, due to its weak Russia business and the Real hypermarkets it is trying to sell.



Gloomy outlook ▪ Ailing British department store icon Debenhams reported a GBP 491.5 million annual loss and is now considering closing up to 50 under-performing stores. Although analysts think that drastic measures are fine, a solid plan is needed as the stakes are especially high.



Organic premiere ▪ French grocer E.Leclerc has opened its first Le Marché Bio (in French, with pictures) in Charente-Maritime this week. The 400 square metres store offers organic products. CEO Michel-Edouard Leclerc wants to open 200 of these store formats in France by 2022.




United States


Gearing up ▪ United Parcel Service unveiled an urban delivery test in Seattle that uses electric bicycles capable of carrying packages in large preloaded boxes to save time and cut pollution. Meanwhile, Michigan-based grocer Meijer has launched a pickup service at most of its stores across the Midwest.



Reporting results ▪ Amazon and Google parent Alphabet have missed their revenue goals for the quarter, prompting the Seattle-based online giant to forecast an underwhelming holiday season. Toy maker Mattel surprised with upbeat sales in the US, but was hit by lower demand in China and Europe.




Asia & Australia


Thinking ahead ▪ South Korean conglomerate Lotte has announced a major investment plan for its retail operations, as part of a wider spending spree across the entire group. The company will spend a whopping USD 44 billion over the next five years, 25% of which will go towards its retail unit.



Store debuts ▪ Apple has picked Thailand for its second retail outlet in Southeast Asia. The store will be located in the largest mall in Bangkok, which will open next month. In Malaysia, petrol giant Shell has introduced its first unmanned Select convenience store, powered by technology from Bingobox.



Convenience trials ▪ Australian supermarket operator Coles is considering an overhaul of its convenience strategy, according to its managing director Steven Cain. This could include smaller stores, meal kits and express deliveries. The retailer currently offers a click and collect service.




Insider Views


An empire crumbles ▪ Croatian retail group Agrokor is losing market share in the Western Balkan, predicts LZ Retailytics. A change in ownership has yet to be confirmed and acquisition activities in the region contribute to the crumbling process. Click here to get the analysts' free report.



Consumer desires ▪ An overall move towards wellness, regional flavours and plant-based products are the top food trends next year, says US supermarket leader Kroger. The retailer has teamed up with its private brand developers, chefs and innovators to gain insights.