Walmart is everywhere this week, with major investments in online and physical deliveries. Alibaba's Babytree feels the results of Hong Kong's slowing market. Carrefour develops in Belgium, and Maxima Grupė eyes up Poland. Meanwhile, cheese has its day in court. Have a good read!




Thursday, 15 November 2018





Hello ,

Walmart is everywhere this week, with major investments in online and physical deliveries. Alibaba's Babytree feels the results of Hong Kong's slowing market. Carrefour develops in Belgium, and Maxima Grupė eyes up Poland. Meanwhile, cheese has its day in court. Have a good read!




North and South America


Delivering technology ▪ US automobile manufacturer Ford Motor Co and supermarket leader Walmart are partnering with delivery service Postmates Inc to pilot an automated delivery service for Walmart customers. Walmart is also purchasing South American delivery app Cornershop for USD 225 million, with plans to enter the Canadian market before heading to the US.



Business growth ▪ Dutch giant Ahold Delhaize is planning new acquisitions in the US, citing healthy market shares and a goal of boosting already promising online sales within the country. Meanwhile Walmart, which is set to reveal its third quarter earnings this week, is seeing stocks rise amid high projected online growth.


ADVERTISEMENT
ISM 2019, 27.-30 Januray: Renowned exhibitors and many innovations
From chocolate and confectionery, to biscuits, through to snack items: With its multifaceted range of offers ISM reflects the sweets and snacks market in all its facets. Not least thanks to its high degree of internationality in terms of both its exhibitors and visitors, the event confirms its leading role in the industry year for year.
Click here.

Rise and fall ▪ Department store titan Macy's has seen promising third quarter results and has raised projected earnings for the festive season. Meanwhile, meal kit and ingredient service Blue Apron has seen its shares drop by 10% after revealing plans to sacrifice possible revenue growth to focus on high-end customers.




Asia


Declining results ▪ Babytree, a parenting business supported by online giant Alibaba, revealed a reduced Honk Kong IPO of USD 281 million this week, dropping its potential value below expectations due to slackening markets. Meanwhile, Alibaba is making investments in China's home decorating market (paywall).



Looking great ▪ The India branch of Dutch group retailer Spar has increased its presence in the country by 50% within two years, with a total of 24 stores and plans for many more. The group has also received recognition for its progressive store concepts.



Promising moves ▪ Filipino retail group Robinsons has pulled in strong first half results, with a thriving grocery sector. Others have also seen potential in the Filipino market, with Japanese cosmetics retailer Shiseido partnering with Singaporean beauty line Luxasia for investment in the country.




Europe


Belgian buyers ▪ The Belgian branch of French major retailer Carrefour has joined hands with sales agents Provera Belux to form a united buying front. The partnership will see Carrefour Belgium become the second largest central buying office in the country.



Eastern endeavours ▪ The largest Lithuanian retail chain Maxima Grupė will be expanding, with more than 120 stores planned for 2019 and a heavy focus on Poland. Russian grocer X5 Retail Group wants to extend the presence of its Pyaterochka line in Siberia (paywall), while fellow O'Key group has experienced a 3.5% drop in like-for-like revenue for their first three quarters.




Consumable struggles


Cheese wars ▪ Flavour remains subjective, according to the European Court of Justice. After a Dutch cheese company tried to copyright the flavour of its cheese spread, the ECJ ruled that the taste of food could not be copyrighted. The spread's director feels the ruling fails to appreciate the creative nature of cheese.



Weed tax ▪ Despite widespread legalisation, cannabis retailers in the US still deal largely in cash. When it comes to taxes, the US IRS is now struggling to deal with the industry's estimated USD 4.7 billion paid in notes. While across the board banking for these establishments is being pushed for, most banks do not want to deal with the young and controversial industry.