Sales are on topic today, with German retailer Metro getting serious to sell its Real business, and Carrefour rejecting claims it is eyeing up buyers for its China business. Meanwhile, it is revealed Amazon saw over 100 seller accounts compromised last year, and Walmart hikes up the age restriction on tobacco and e-cigarette products. Enjoy the read and have a great day!




Thursday, 09 May 2019





Hello ,

Sales are on topic today, with German retailer Metro getting serious to sell its Real business, and Carrefour rejecting claims it is eyeing up buyers for its China business. Meanwhile, it is revealed Amazon saw over 100 seller accounts compromised last year, and Walmart hikes up the age restriction on tobacco and e-cigarette products. Enjoy the read and have a great day!

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Europe


Metro moves ▪ The German retailer is looking to sell its loss-taking Real hypermarket chain, and is in serious talks with retail investor Redos. Negotiations with a different consortium led by X+Bricks have been put on hold. Metro has also joined hands with department major Target to offer start-ups a leg into the industry.



Hanging on ▪ French multinational Carrefour is not looking to sell its China business, according to a spokesperson. It has been speculated that the retailer is investigating a sale, and eyeing potential buyers. Carrefour's China business has seen steadily declining sales, with net sales declining by 10% last year.



Reporting results ▪ Struggling retailer John Lewis Partnership saw a post-Easter rise in sales, but the overall trend is still in the red. Sportswear giant Asics has seen a skyrocketing 130% increase in online sales, but also a 9% drop in consolidated first quarter sales across Europe.



Top changes ▪ Former Asda commercial director, Nick Jones, has been appointed as the new CEO of clothing company Joules. The move comes after the current CEO, Colin Porter, announced he will be retiring. Jones has 25 years of experience at both grocer Asda and department retailer M&S.




United States


Walmart progress ▪ The world's biggest retailer is upping the age restriction on tobacco and e-cigarette products sold in its US stores. Starting in July the age limit will rise from 18 to 21. The retailer is also making sustainability inroads, decreasing emissions and progressing towards renewable energy.



Amazon update ▪ It has now been made public that over 100 Amazon seller accounts were hacked last year, between May and October 2018, and funds were transferred to UK accounts. Meanwhile, the e-commerce giant has released an updated version of its Blink outdoor security camera, at a 25% price decrease.



Major expansion ▪ Fast-casual food retailer Dunkin' is outlining extensive expansion plans. 50 new locations are signed to be opened in key areas, and a planned 200 - 250 new restaurants annually over three years in the US. The vast majority of these new outlets will be outside the Northeast.




Asia


Start-up success ▪ Enterprising Chinese artificial intelligence start-up Megvii has raised USD 750 million in funding. The company is backed by e-tailer Alibaba, and has developed a facial recognition software. China is known for its AI start-ups, and is on track to overtake the US in various aspects of AI development.



New market ▪ Swiss confectionary giant Nestlé is extending its reach into the world's biggest baby milk industry, releasing a new line of baby formula in China. The line will be aimed on smaller, more regional cities, after slowing growth in richer areas.




What to watch


Environmental efforts ▪ Dutch grocer Coop has lowered the price of its reusable shopping bags, while increasing the price of plastic ones, in order to encourage customers to avoid the use of plastic. Meanwhile, dairy major Arla aims for sustainable packaging in several major European countries.



Vaping restrictions ▪ The booming e-cigarette industry could face a setback, as vaping companies are seeing an opposition towards high nicotine levels in the European Union. US based e-cigarette retailer Juul has had its European expansion hampered by restrictions on the amount of nicotine allowed in e-liquids.