The numbers are rolling in today. British grocer Morrisons and Germany's Metro might have reason to be concerned about their latest results, while Carrefour Brasil outperforms its rival. On a lighter note, read on how Nike will help to fit into shoes and get inspired by some innovative store concepts. Have a great weekend.




Friday, 10 May 2019





Hello ,

The numbers are rolling in today. British grocer Morrisons and Germany's Metro might have reason to be concerned about their latest results, while Carrefour Brasil outperforms its rival. On a lighter note, read on how Nike will help to fit into shoes and get inspired by some innovative store concepts. Have a great weekend.

ADVERTISEMENT
Banner





US & Canada


Baby business on offer ▪ Kraft Heinz has launched the sale of its baby food brand Plasmon. Private equity firms and food groups are looking at the business, which could be worth about USD 783 million. The brand is mainly based in Italy and the American packaged food giant intends to sell it to focus on its global brands.



Solar power deal ▪ Walmart continues with its sustainability efforts and has entered into agreements with New York City-based C2 Energy Capital to provide solar power at 46 stores across five states. The mega-retailer eyes the goal of having 50% of its operations powered by renewable energy.



Find your fit ▪ This summer, footwear major Nike will introduce Nike Fit, a foot-scanning solution designed to find every person’s best fit. The programme uses a combination of data science, machine learning and artificial intelligence to provide a truly accurate foot measurement.




Europe & Latin America


Brazilian ventures ▪ French retailer Casino, which controls Brazil's Grupo Pão de Açúcar amongst others, reportedly plans to combine its assets in Latin America. Meanwhile, competitor Carrefour Brasil enjoyed a quarterly net income, slightly above market expectations, outperforming its rivals.



Disappointing results ▪ German wholesaler Metro, which is in the process of selling its Real hypermarkets, reported another quarter of falling sales at its Russian business. British grocer Morrisons blames political uncertainty for a slowdown in quarterly growth and is said to pursue other partnerships besides his alliance with Ocado.



Delivery decisions ▪ Migros Switzerland has teamed with Swiss Post to offer a new click & collect service across its store network, which allows post customers to pick up their parcels from 300 grocery stores across the country. The service has been integrated into the retailer’s existing pickup service.




Asia & Australia


Global ambition ▪ Indian conglomerate Reliance Industries has acquired British toy retailer Hamleys from C Banner International, a Hong Kong-listed Chinese fashion company. The acquisition marks the first foray of the Mumbai-headquartered group in an overseas retail brand.



Joining forces ▪ Global food and beverage majors Coca-Cola, Danone, General Mills and Pepsico are among the founders of a Chinese food tech platform, which aims to connect start-ups with international companies. The model has been launched by Bits x Bites, a Shanghai-based venture capital firm.



Exiting Australia ▪ Chinese online marketplace JD.com has closed its Australian branch only 15 months after it opened an office in Melbourne. The Alibaba competitor said it would integrate the business into its Chinese operations, and the move didn't reflect the performance in the region.




Weekend inspirations


Store debuts ▪ One of the first 500 planned convenience stores, jointly created by Alibaba and retailer Bailian, has opened in Shanghai. Take a look inside. Across the Pacific, Rent the Runway launched its largest location to date in San Francisco, with 20 fitting rooms and some new perks..



Fly me to the moon ▪ His company might have problems in Poland at the moment, where workers are on strike, but that doesn't deter Amazon founder Jeff Bezos to dream big. The business billionaire announced his intention to send an unmanned mission to the moon through its space company, Blue Origin.