Annual shopping extravaganzas are gaining more steam with each passing year, and Amazon's Prime Day could be one of the most lucrative events next month, especially as it has been extended. Ever tried cricket crisp or worm burgers? Within a decade these dishes might be as fashionable as sushi. Read on and find out why.




Wednesday, 26 June 2019





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Annual shopping extravaganzas are gaining more steam with each passing year, and Amazon's Prime Day could be one of the most lucrative events next month, especially as it has been extended. Ever tried cricket crisp or worm burgers? Within a decade these dishes might be as fashionable as sushi. Read on and find out why.




Europe


Management reshuffle ▪ French retailer Casino informed that the head of its Monoprix supermarket chain, Regis Schultz, will leave the company to join Carrefour's Middle Eastern franchisee Majid Al-Futtaim. He will be replaced by Franprix boss Jean-Paul Mochet. Parent company Rallye is entering negotiations over debt with creditors.



Chinese challenge ▪ Carrefour boss Alexandre Bompard has no plans to leave other countries after the French retailer sold its Chinese operations to Suning. The new owner will gain crucial customer data through the acquisition, expanding its retail presence and challenging giants such as Alibaba.



Upmarket benchmark ▪ The former Eurostar terminal at London's Waterloo train station will soon become a formidable shopping destination now that the development has been approved by the council. The mall with 40 glass-fronted stores and restaurants is scheduled to open in spring 2021.




United States


Shopping extravaganza ▪ Amazon's annual Prime Day will run for two days this year, from July 15 to July 16. Last year, the online giant sold 100 million products during the event. More than 250 participating retailers are predicted to offer deals, and it is expected that shoppers will spend more than ever this year.



Closing down ▪ Multinational consumer goods giant Unilever will close its ice cream manufacturing facility in Nevada, resulting in 300 job losses. The plant's production, which includes brands Ben and Jerry’s and Magnum, will be transferred to factories in Missouri, Tennessee and Vermont.



Texas tech hub ▪ San Antonio-based grocer H-E-B is reinventing itself as a technology company and has opened a tech hub in Austin, Texas. It houses its digital team as well as its subsidiary Favor, an on-demand delivery company acquired last year. Click here to have a look inside the facility.




Asia & Australasia


Potential in Vietnam ▪ Aeon is about to open its third property in Hanoi. The Japanese retailer plans to have 20 malls in the country by 2025 and wants to purchase USD 1 billion worth of products from Vietnam. The country is a great supplier of quality food for consumers in Japan.



Fighting pollution ▪ Japanese beverage company Suntory will work with rival Coca-Cola and Nestlé to push the government in Vietnam to create a large-scale recycling system. The Southeast Asian country is regarded as being one of the biggest contributors to plastic waste in the ocean.



Dairy outlook ▪ New Zealand-based dairy cooperative Fonterra saw milk production in Australia fall almost 14% in April from a year earlier, hurt by high costs. In its home country, the production was about flat. In May, Fonterra cut its annual earnings forecast




Food trends


Crispy cricket ▪ High-protein, low-calorie bug-based snacks are enjoying bumper growth according to analysts from the UK, and have the potential to grow to a whopping GBP 6 billion market by 2030. Eating buffalo worm burgers or cricket crisps could rival sushi as fashionable food.



Scary fruits ▪ Swedish supermarket giant ICA has created a fresh buzz in its produce department. At Halloween, the retailer transformed aisles into 'monster gardens' with blueberries disguised as 'witches warts', plums as 'clown noses' and garlic as 'vampire teeth'. The presentation has ignited an 8.5% rise in sales.