JD.com, J.C. Penney, Zalando, Carrefour and a number of other heavyweights have revealed their latest results, and how they will tackle current challenges. Also in this issue are pictures of Lidl's smallest ever store and an interview with the head of Ahold Delhaize about the future of the Dutch-Belgian brand. Read on and have a great weekend!




Friday, 01 March 2019





Hello ,

JD.com, J.C. Penney, Zalando, Carrefour and a number of other heavyweights have revealed their latest results, and how they will tackle current challenges. Also in this issue are pictures of Lidl's smallest ever store and an interview with the head of Ahold Delhaize about the future of the Dutch-Belgian brand. Read on and have a great weekend!

ADVERTISEMENT
Banner





Europe


French progress ▪ Carrefour sees itself on track with its turnaround plan and has increased cost savings targets to EUR 2.8 billion a year, despite reporting a 3.4% decline in 2018 operating profit. Meanwhile, fellow retailer Casino continues to sell stores. French group Les Mousquetaires will buy two of its ‘Geant’ hypermarkets.



Russian pilot ▪ The Russian unit of German wholesaler Metro and delivery service company Instamart are trialling an online store for the Moscow region. The project aims to better identify customer's needs and develop the model of cooperation between the two companies.


ADVERTISEMENT

C-star 2019: Your meeting point all about Retail

C-star 2019 will take place in Shanghai New International Expo center again from April 25-27, 2019. As the most professional and international retail trade show in China, it provids a one-stop purchase and communication platform for industry professionals to explore the cutting-edge retail design concept and smart retail technology solutions.

Are you ready to get the free ticket?
 


Reporting results ▪ German online fashion retailer Zalando enjoyed a 24.6% jump in quarterly revenue and confirmed a strong finish to 2018. UK-headquartered Nomad Foods reported a revenue growth by 17.3%, thanks to the acquisition of two frozen food brands last year. Net income rose to EUR 40.8 million in the quarter.



Strong promises ▪ Drinks giant AB InBev expects revenue and profit growth in 2019, with a focus on increasing beer sales rather than just prices, after higher-than-expected earnings at the end of 2018. The Belgium-based company plans to speed up debt reduction.




Asia


Indian alliance ▪ International convenience store giant 7-Eleven is about to enter one of the fastest growing markets and has partnered with Future Retail Group to develop a franchise network in India. The first store will be located in Mumbai and some Future stores will be converted to 7-Eleven shops.



Upbeat performance ▪ Chinese online major JD.com reported a 22.4% jump in quarterly sales, however, it was the company's slowest growth quarter since 2015. The e-tailer, who teamed up with start-up Farfetch to attract luxury shoppers, said it will increase investments in offline retail technology and logistics.




United States


Streamlining operations ▪ J.C. Penney will close a number of stores and there might be more to follow. The department store retailer has reported quarterly results that topped the estimates, but analysts are sceptical. The company has hired a former Target manager to build up its executive team.



Fighting fakes ▪ Amazon announced a programme e to reduce counterfeits on its site, called Project Zero, and also launched a new delivery option for Prime members that will allow them to control their orders arrive, making deliveries more predictable.



Aspirational initiatives ▪ Walmart is partnering with its private label suppliers to achieve 100% recyclable, reusable or compostable packaging for the brands by 2025. The big-box retailer is also providing a new payment option for its customers in cooperation with financial technology company Affirm.




Weekend inspirations


Ambitious goals ▪ Frans Muller, CEO of Dutch-Belgian retail giant Ahold Delhaize, talks to German Retail Blog about future plans for the brand, which runs a bricks & mortar empire with 6,770 stores on both sides of the Atlantic and just released a whopping net revenue of EUR 62.8 billion.



Little shop ▪ German discounter Lidl has opened a 'mini' market in the centre of Munich, which is half the size of a typical outlet and its smallest ever branch. The concept is about securing space in the city and in a neighbourhood with a growing population. Click here for pictures (captions in German).