A number of store concepts have caught our eye today - America's newest mall is located in cyberspace, sportswear chain Foot Locker joined forces with Nike for a new 'power' store. Across the Atlantic, Carrefour is to launch its Spanish discounter Supeco in France, and Amazon pops up in Edinburgh. Have a great start to the week.




Monday, 12 August 2019





Hello ,

A number of store concepts have caught our eye today - America's newest mall is located in cyberspace, sportswear chain Foot Locker joined forces with Nike for a new 'power' store. Across the Atlantic, Carrefour is to launch its Spanish discounter Supeco in France, and Amazon pops up in Edinburgh. Have a great start to the week.




Europe


Lighting deal ▪ Apple chipmaker and Austrian sensor specialist AMS wants to take over Osram with an all-cash bid of USD 3.8 billion. This is 10% more than finance investors Bain and Carlyle have already offered for the German lighting group, which is struggling with a broader economic slowdown.



Focus on France ▪ Carrefour plans to introduce its Spanish discounter Supeco in France and will open the first two stores in September. The French retail leader is also betting on the booming organics market in its home country, which is estimated at EUR 8 billion, and constantly growing.



Building up ▪ Amazon has opened its first pop-up store in Scotland, offering smaller e-commerce platforms a two-week opportunity to meet customers and promote their brand. Meanwhile, Aldi has received permission to build an extension to its headquarter in Warwickshire, creating 850 jobs in the area.




United States


Portfolio expansion ▪ AB InBev has acquired Platform Beer, a regional brewery based in Cleveland. The company will become part of AB InBev's Brewers Collective units. Platform makes seasonal beverages, sour beer, ciders, fruit ales, barrel-aged beers and a line of hard seltzer.



Listing in jeopardy ▪ J.C.Penney has confirmed to have received notice that it is no longer in compliance with the New York Stock Exchange listing criteria. The struggling department store retailer, whose shares have fallen more than 70% over the past year, has six months to regain compliance.



Innovative ideas ▪ America’s newest ‘mall’ is located in cyberspace and called Obsess. The recently launched online shopping destination functions like a virtual mall. Foot Locker partners with Nike for a 'power store' in New York. It will feature an array of interactive experiences and the 'Nike App at Retail'.




Asia & Australasia


Tense relations ▪ An escalating trade war between South Korea and Japan is affecting the sales of fast-fashion chain Uniqlo. The consumer boycott of Japanese goods intensifies in the country in protest over Japan’s decision to impose restrictions on exports to its Asian neighbour.



Huge loss ▪ Fonterra boss Miles Hurrell said that the New Zealand-based dairy cooperative will not pay a dividend this year as he expects a loss between NZD 590-675 million as well as massive write-downs. Last year the dairy giant made a loss of NZD 186 million.



Encouraging results ▪ T&G Global, New Zealand's largest fruit and vegetable company, enjoyed in profit in the first half of the year despite weather challenges. Electronics retailer JB Hi-Fi posted a 7% increase in profit, with growth largely driven by communication, audio and fitness categories.




Environmental efforts


Powering electricity ▪ Asda has signed a deal with National Grid to help power UK's electricity system by using their fridges as a virtual battery pack for the energy grid. Across the Atlantic, apparel retailer Gap has signed a virtual power purchase agreement for the Aurora Wind Project.



Eco-friendly eating ▪ Coop Denmark wants to encourage consumers to adopt climate-friendly eating habits and has launched a new campaign. The grocer says that consumers can make a huge difference when it comes to struggling with climate change by eating more vegetables, a little less meat, and avoiding food waste.