Carrefour sees losses in Belgium under its restructuring efforts, while Nestlé prepares dairy-free latte sachets. In the US, FedEx and Amazon cut back on their delivery partnership. Meanwhile, Victoria's Secret improves hiring practices and loses a manager, and health giant Boots caters to non-English speakers. Read on, and enjoy the rest of your day!




Thursday, 08 August 2019





Hello ,

Carrefour sees losses in Belgium under its restructuring efforts, while Nestlé prepares dairy-free latte sachets. In the US, FedEx and Amazon cut back on their delivery partnership. Meanwhile, Victoria's Secret improves hiring practices and loses a manager, and health giant Boots caters to non-English speakers. Read on, and enjoy the rest of your day!




Europe


Hypermarket losses ▪ The restructure process in French multinational Carrefour's Belgium leg is taking a toll on the business, with a loss of EUR 55.6 million recorded last year. The main area of concern is hypermarkets, with half of the portfolio losing money. The retailer still wants to open up to thirty stores per year in the country.



Into more ▪ British shopping centre group Intu is testing the waters of physical retail with community based stores that give a focus to independent retailers. The concept is planned for more shopping destinations as part of a five-year transformation strategy. The company will also see its Lakeside establishment near Essex get a facelift.



Beverage development ▪ Confectionary giant Nestlé is diving further into the burgeoning vegan products market with a line of dairy-free latte sachets. The range will use either almonds, oats, or coconut as milk substitutes. Alcoholic beverage retailer Diageo has purchased a majority stake in non-alcoholic spirits manufacturer Seedlip.



Saving season ▪ UK grocer Asda is deploying a Christmas savings card. In the four months between now and Christmas, customers will be able to load money onto the card incrementally, allowing them to collect bonuses and save for festive season spending.




North America


Amazon update ▪ Delivery giant FedEx will be ending its contract with the online powerhouse when it comes to small-package ground deliveries, while Amazon furthers its in-house delivery service. Meanwhile, the e-tailer continues to receive criticism over its working conditions.



Reporting results ▪ Health conglomerate CVS has seen strong growth, however the retailer may not be taking advantage of its potential. Check out a more in depth look here. Walmart de Mexico, the country's largest retailer, has seen results up 2.2% in July for stores open longer than a year.



Green investments ▪ Organics and non-GMO retailer Thrive Market has beefed up its supply chain to support its quickly growing platform. Canadian convenience store operator Couche-Tard has entered the cannabis market, finalising its investment in Fire & Flower Holdings Corp.




Asia and Australia


Inside look ▪ Yakafu, a Chinese concept bakery, has opened in Anji county. The store teaches customers how to create their own baking, and features an eye-catching layout designed by Shanghai-based KCA architects. Check out pictures here - seriously, it's beautiful.



Shrinkage concerns ▪ Retailers in Perth have seen a spike in theft, with some stores saying shoplifting occurs on a daily basis. Other retailers have spoken up, claiming perpetrators are getting away with a 'slap on the wrist'. Results show theft has seen a 37% increase in the area.




Inclusivity matters


Model image ▪ Ed Razek, chief marketing executive of Victoria's Secret, has resigned only days after the luxury lingerie designer hired its first openly trans model, Valentina Sampaio. Razek has in the past spoken out against hiring transgender individuals, later apologising.



Language barrier ▪ British pharmacy giant, Boots, is trialling the use of an on-demand translation service, in a move to improve healthcare accessibility for more people. The trial will see Boots staff use software to connect with interpreters for over 245 languages.