Target has outperformed first quarter forecasts, while Walmart gears up to pitch its new advertising business. Avon is set to be bought out by the Body Shop parent, and Sainsbury's gets paid a royal visit. Meanwhile, check out meeting point Food Innovation Camp in Hamburg, where potential investors meet future retail leaders.




Thursday, 23 May 2019





Hello ,

Target has outperformed first quarter forecasts, while Walmart gears up to pitch its new advertising business. Avon is set to be bought out by the Body Shop parent, and Sainsbury's gets paid a royal visit. Meanwhile, check out meeting point Food Innovation Camp in Hamburg, where potential investors meet future retail leaders.




Europe & Latin America


Taking over ▪ Brazilian company Natura Cosméticos, owner of the Body Shop, is set to acquire British household and beauty brand Avon for GBP 1.58 billion. The deal will give the Latin American firm control of three-quarters of the business, with the rest going to shareholders.



Mexican debut ▪ Swedish furniture chain Ikea will enter Mexico, and said it will open its first store in the country next year, with other outlets in the pipeline. The expansion plan in Latin America is regarded as a move to counter growing competition in the US and Europe.



Strategic expansion ▪ Danish homeware retailer Jysk is gearing up to extend its footprint in Great Britain, hoping to increase its portfolio in the country to 52 stores over the next five years. The plan is to make the most out of each UK region. The company is aiming for 5,000 stores worldwide.



Royal festivals ▪ Britain's Sainsbury's got an unexpected visitor on Wednesday, when Queen Elizabeth II visited a pop-up replica of the original Sainsbury's to celebrate the grocer's 150th anniversary. Fellow UK retailer Tesco has announced it will be the headlining partner of London's Pride festival.



Kids' choice ▪ British grocer Asda has released an extension to its private label offer, with a children's food selection, 'Chosen By Kids'. The range was taste-tested by thousands of children, and features 180 products, from microwaveable meals (complete with hidden vegetables) to porridge pots.




United States


Advertising push ▪ In a bid to fight its online rivals, Walmart will be meeting with other consumer goods companies in an event in New York next week to introduce its new advertising business to potential buyers. Leading marketing and advertising firms are suspected to be attending.



Tech struggles ▪ Two proposals which would have required Amazon to regulate its facial recognition software have been rejected by shareholders. However, concern has grown over the use and efficacy of the technology. Meanwhile, the online giant has been trying to improve warehouse conditions by using video games.



Hitting targets ▪ US discount giant Target has beaten first quarter estimates, with a strong performance from its digital sector, as well as its extensive remodelling efforts. A closer look at the retail chain's successful strategy shows not all department stores are doomed.




Asia


Growing globally ▪ Spar International is set to increase its presence in China this year, with over 150,000 square metres of store locations planned. This comes off the back of the retailer entering four new countries, opening 335 locations, and making global sales of EUR 35.8 billion last year.




Picture galleries


Networking platform ▪ The Food Innovation Camp, which took place in Hamburg this week, represented a perfect opportunity for newcomers and start-ups to meet with the movers and shakers of the industry as well as potential investors. Click here for pictures (captions in German).



Tree of retail ▪ The new Funan Mall in Singapore is a six story building featuring a number of innovations, including a 25 metre tall 'Tree of Life', which houses retail pods that showcase brands. The massive shopping centre also has an indoor cycle path. Click here for images of the building.