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| Subject: |
RETAIL BUSINESS
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| Period: |
October 15, 2017 to November 1, 2017
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| Geographies: |
Worldwide
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| Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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 New General Data Protection Regulations (GDPR) are due to arrive in May 2018. GDPR will create a standardized data privacy law for EU members. It will also affect companies and individuals selling goods or services to EU citizens. The legislation will give individuals more rights to their data, including the “right to be forgotten” and asking consent for data processing. Potential fines for not adhering to the regulations can be up to $24m, or 4% of a company’s annual turnover. A recent PwC survey revealed that GDPR is a top data priority for more than 50 percent of US multinationals.
"What Does the EU’s Privacy Reform Mean for US Marketers? And what Should You Do Now?", The Drum, October 05, 2017
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 Farmstead believes it can reinvent the supermarket model by eliminating its physical structure altogether. The San Francisco based startup has a series of micro-warehouses stocked with a range of local farm produce and grocery products and uses AI to predict a customer’s future needs based on their initial order. The selection is then delivered to the customer. Farmstead claims to have made over 15,000 deliveries in the Bay Area and has raised $2.8 million from venture funds.
"Startup Believes it Can ‘Reinvent’ Supermarket Model", Supermarket News, October 05, 2017
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Beauty retailer The Body Shop has introduced the Japanese Matcha Tea Pollution Clearing Mask skincare product in New Zealand. According to the company, the product features the antioxidant properties of Japan's matcha green tea and dandelion extracts from France. Also, the retailer announced the Chinese Ginseng & Rice cleanser and toner, the Clarifying Polishing Powder Wash, and the Clarifying Milky Toner.
"Face the good stuff with the Body Shop’s new Asian fusion range", Lucire, October 16, 2017
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Kroger Co. revealed that Central division president Katie Wolfram has retired, with QFC division president Pam Matthews promoted to succeed her. Also, the retailer said it has appointed Suzy Monford as president of the QFC division.
"Kroger Announces Retirement of Katie Wolfram and Names New Leadership for the Central and QFC Divisions", Kroger , October 17, 2017
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Carrefour reported sales rose 0.5 percent on a like-for-like basis to €21.859 billion in the third quarter of 2017, compared with the same period in the previous year. Effect of currency on the company's revenue was negative 1.5 percent during the quarter, while effects of petrol and calendar were neutral. At constant exchange rates, total sales increased 1.9 percent. Like-for-like sales in France declined 0.9 percent, the company said.
"Carrefour Third Quarter 2017 Sales", Carrefour, October 18, 2017
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Carrefour reported its wholesale unit Atacadao posted sales of R$8.5 billion in the third quarter of 2017, an increase of 5.6 percent compared with the same quarter in the previous year. Carrefour Retail reported sales grew 5.0 percent to R$3.7 billion, with life-for-like sales rising 2.5 percent and total gross sales jumping 7.1 percent in the first nine months to RS11.2 billion.
"Carrefour Brazil Sales Growth in Q3 amid sharp food Deflation", Carrefour Brazil, October 18, 2017
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Walmart Brasil has launched its Walmart Supermercado retail concept in Brazil. Supported with a R$500 million investment, the business transformation project will see 120 Bompreco, Nacional, and Mercadorama supermarkets adopting the new retail brand during the next four years. Walmart opened its first two Walmart Supermercado stores in Curitiba.
"Walmart Launches New Supermarket Concept In Brazil", European Supermarket Magazine, October 28, 2017
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In response to challenging retail conditions in Korea and abroad, especially in China, Lotte has announced the launch of a new holding company, Lotte Corporation. Four Lotte affiliates, Lotte Shopping, Lotte Confectionery, Lotte Chilsung Beverage and Lotte Food will merge their investment entities into the new holding company. Lotte Group Chairman Shin Dong-bin and Hwang Kag-gyu, head of the corporate innovation office, will lead the new company. Lotte says the change will make its governance structure more transparent and efficient, while analysts point out that the move will strengthen Shin's control over the company, especially if a rumored merger with Hotel Lotte takes place.
"Lotte begins new governance under holding company", The Korea Herald, October 01, 2017
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Walmart , October 26, 2017
New Hope Network, October 27, 2017
Ahold Delhaize, October 27, 2017
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South Korea-based discount retailer Lotte Mart is putting its China operations up for sale, alleging that the government conducted a campaign to destroy it in retaliation for cooperating with the U.S. in the area of missile defense. Beverage maker Lotte Chilsung is also considering selling its Chinese operations. Lotte Mart allowed the use of a former company golf course for deployment of a U.S. high altitude antimissile system in South Korea. The company alleges that China retaliated by shutting down stores because of purported safety violations, and by encouraging consumer boycotts. Lotte Mart spent more than $600 million to bolster the China operations, but now says enough is enough.
"Lotte Mart exits China, other units may follow", Korea JoongAng Daily, September 16, 2017
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Kantar Worldpanel and Bain & Company , October 23, 2017
The Economist, October 26, 2017
The Economist, October 26, 2017
European Supermarket Magazine, October 28, 2017
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