Kaufland powers ahead in Australia with two more sites being approved, while department store chain David Jones has to close stores. An ice cream dream will become reality in New York, and across the Atlantic, Asda is launching ad campaign with a royal touch and Cadbury celebrates diversity. Enjoy the read and have a great weekend.




Friday, 30 August 2019





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Kaufland powers ahead in Australia with two more sites being approved, while department store chain David Jones has to close stores. An ice cream dream will become reality in New York, and across the Atlantic, Asda is launching ad campaign with a royal touch and Cadbury celebrates diversity. Enjoy the read and have a great weekend.




Europe


Expanding overseas ▪ Pernod Ricard has agreed to acquire New York-based spirits maker Castle Brands for around USD 223 million. The French beverage giant, who just reported its strongest earnings growth in 7 years, is also investing in China and will build the first whiskey distillery in the country.



Network addition ▪ German meal-kit provider HelloFresh is expanding into Scandinavia and has started to offer its service in Sweden, attracted by around 4.7 million households that could potentially be supplied. The Berlin-based start-up is now operating in 12 countries worldwide.



Yoga success ▪ Lululemon flourishes in Britain. The Canadian apparel retailer, famous for its yoga outfits, increased its profit in the UK by 42 per cent totalling at GBP 1.2 million. The company is due to report full-years results next week and analysts expect a year-over-year increase in earnings.




United States


Winners and losers ▪ Discount chains Dollar General and Dollar Tree topped the estimates in Q2 and raised their forecasts, while electronics retailer Best Buy has lowered its annual expectations blaming uncertainty. The outlook is bleaker for Forever 21 as the fashion banner prepares for a potential bankruptcy.



Pushing ahead ▪ Supermarket star Kroger has received approval to build its automated distribution facility in south Dallas and is reportedly receiving incentives of nearly USD 6 million. Meanwhile, discounter Target has expanded its curbside click-and-collect service to 1,750 stores in 50 states.



Ice cream flagship ▪ The Instagram-friendly “museum” dedicated to ice cream, which debuted in 2016 as an experiential installation, returns as a flagship, complete with a café and shop. The space occupies three floors and will feature 13 installations, each one ripe for a photo-op.




Australia & Africa


Two more locations ▪ One week after announcing the acquisition of its third Queensland site, Kaufland Australia has received approval for two more stores for Victoria, with a further nine to be reviewed. The German is also planning to build its first South Australian store in greater Adelaide.



Profit plunge ▪ South African retailer Woolworths reported a decrease in annual earnings and has written down the value of its Australian unit David Jones. Operating profit at the upmarket department store chain dropped from AUD 64 million to AUD 37 million. The chain will close and shrink stores.



More results ▪ Massmart reported a half-year net loss hurt by higher costs, foreign exchange losses and slower sales. The South African retailer, owned by Walmart, bets high on its new CEO, Mitchell Slape, who will start next week, to turn around the business.




Eats and Ethics


Dine like Downton ▪ Supermarket Asda will launch an ad campaign dedicated to the saga of the Crawley family ahead of the movie premiere of Downton Abbey. It features the head cook and her kitchen staff preparing a feast for a royal visit and a modern-day family. Click here to have a look.



Controversial ideas ▪ Cadbury has launched the Unity Bar with four types of chocolate to celebrate diversity on India's Independence Day, but faces some backlash on social media. In the UK, Marks & Spencer got into trouble with its Porn Star Martini drink and is now in the process of changing the name.