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Subject:
RETAIL BUSINESS
Period: November 1, 2017 to November 15, 2017
Geographies:
Worldwide
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
Contents
 

Carrefour Brasil Reports Strong Profit Gains For 3Q 2017

Grupo Carrefour Brasil, French retailer Carrefour's Brazilian unit, reported net profit almost doubled to 581 million reais, or $179 million, in the third quarter of 2017. For the same quarter in the previous year, the company reported net profit of 292 million reais. Earnings before interest, tax, depreciation, and amortization was 845 million reais, an increase of 6.9 percent compared with the same period in the previous year.

"UPDATE 1-Carrefour Brasil's third-quarter profit jumps on cash-and-carry sales", Reuters , November 09, 2017

Bezos Aide Steve Keller To Helm Amazon’s Delivery, Grocery, Store Ventures

Amazon.com CEO Jeff Bezos has given a longtime aide responsibility for Prime Now, AmazonFresh, as well as the $13.5-billion Whole Foods Market acquisition and brick-and-mortar book and convenience stores. The idea, according to observers, is to facilitate changes across the rapid-delivery and grocery-delivery operations, and the physical facilities. Steve Kessel [left] spent several years managing Amazon’s digital ventures, including books and music. His teams developed the Kindle e-reader Fire tablet in late 2011. After a four-year sabbatical, he returned in 2015 to oversee efforts to reimagine the in-store experience. [ Image credit: © Amazon.com ]

"Amazon Puts Whole Foods, Delivery Units Under Bezos Lieutenant", The Wall Street Journal, November 09, 2017

Ahold USA Earns Perfect Survey Score On LGBT Workplace Equality

Ahold USA, the parent company of supermarket chains Stop & Shop, Giant, and Martin’s, as well as the grocery shopping/delivery company Peapod, received a perfect score on the 2018 Corporate Equality Index (CEI) administered by the Human Rights Campaign Foundation. The national benchmarking survey and report evaluates corporate policies and practices lesbian, gay, bisexual, transgender and queer (LGBTQ) workplace equality. The high score earned Ahold USA the designation as a “Best Place to Work for LGBTQ Equality.” [ Image credit: © HRC ]

"Ahold USA Earns Top Marks In 2018 Corporate Equality Index", News release, Ahold, November 09, 2017

Aldi Customers Using The Venmo Payment App Can Donate Meals To Needy

Discount grocery chain Aldi has partnered with the PayPal Venmo payment app to donate Thanksgiving meals to Feeding America. The meals are automatically donated every time a Venmo user adds a Turkey Hand Thanksgiving emoji on the payment screen. Feeding America annually provides meals to more than 46 million people through a network of 200 food banks and 60,000 food pantries and meal programs. Germany-based Aldi operates 1,700 stores in 35 U.S. states. [ Image credit: ©  Aldi ]

"Aldi Partners with Venmo for Emoji-Based Holiday Giving Campaign", Mobile Marketer, November 07, 2017

Asda Appoints Former Carrefour Merchandising Executive As CMO

Walmart-owned UK retailer Asda has appointed Jesus Lorente, Carrefour's former head of merchandising for its operations in Spain, as its new chief merchandising officer. Lorente will succeed Andrew Moore who is retiring in January 2018. Lorente's appointment follows Asda's announcement of deputy chief executive Roger Burnley's promotion to replace current CEO Sean Clarke in January 1, 2018.

"Asda names ex-Carrefour executive Jesús Lorente as new merchandising boss", Retail Week, November 06, 2017

Amazon Closes Two Whole Foods Stores In UK

Online retailer Amazon said it plans to close two Whole Foods stores in the UK. Included in the shutdown list are the stores in Cheltenham, Gloucestershire, and in Giffnock, East Renfrewshire, cutting the number of Whole Foods store in the country down to seven. About 150 people work at the two stores.

"Amazon closes two UK Whole Foods stores just two months after completing its £10.7bn takeover", Telegraph, November 06, 2017

Sean Clarke Leaves CEO Position At Walmart’s Asda Unit

Roger Burnley [left] will take over as CEO of Walmart’s British supermarket chain Asda as of January 1, 2018, from Sean Clarke, who worked closely with Burnley over the past year as deputy CEO. After December, Clarke will take “some time out and will then remain engaged with Walmart,” Walmart International CEO Dave Cheesewright said. Clarke has worked in five of Walmart’s international markets, including a stint as CEO of Walmart China.  [ Image credit: ©  Asda  ]

"Roger Burnley appointed Asda President and CEO from 1 January 2018", News release, Asda, October 30, 2017

Data Analytics Platform Helps Tesco India Detect, Prevent Shopping Fraud

The Indian technology center for supermarket chain Tesco has created a platform and team that detects online and offline fraud involving its massive amounts of collected customer data. The 18-member staff is focused on combating fraud for online businesses (food and non-food), buyer-supplier collusion fraud, and employee fraud at checkout counters. The platform is programmed to detect anomalies in purchasing patterns that might indicate fraud, such as bulk purchases of products like alcohol and cigarettes.  [ Image credit: © geograph.org.uk  ]

"Tesco unit builds anti-fraud platform for online businesses", Economic Times, October 27, 2017

 
Companies, Organizations  

Successful Innovators Embrace Failure

While many top executives pay li[p service to the virtues of innovation and creativity, they fear mistakes, missteps, and disappointments. Creativity and innovation disappear. People and organizations need to keep learning as the world changes, or they will stop growing and evolving. One of the reasons for the success of companies like Netflix, Amazon.com, and Coca-Cola, is that their leadership embrace failure as a learning and innovation tool. Coke CEO James Quincey, for example, recently told his executives to shed their fear of failure – remember the “New Coke” fiasco? – so they could really ramp up innovation. “If we’re not making mistakes,” Quincey said, “we’re not trying hard enough.”

"How Coca-Cola, Netflix, and Amazon Learn from Failure", Harvard Business Review, November 10, 2017

Products & Brands  

Whole Foods’ Top Trends In Beverage Ingredients And Formats

Floral-flavored beverages are among the top food trends for 2018 spotlighted by the global buyers at Whole Foods Market. Whole flowers and petals like lavender, rose, hibiscus, and elderflower have made their way into lattés, cocktails, and sparkling waters. Powders like matcha, maca root and cacao offer an alternative to coffee. Functional mushrooms, including reishi, chaga, cordyceps, and lion’s mane star, are showing up in bottled drinks, coffees, smoothies, and teas. Plant-based ingredients and proteins (e.g., pili nuts, peas, bananas, macadamia nuts, pecans) are being used in nut milks and yogurts. Last but not least: flavored sparkling waters include plant-derived options from Sap! (made with maple and birch) and sparkling cold brew ...  More

"Whole Foods Market Reveals Top Food Trends for 2018", News release, Whole Foods Market, November 06, 2017

Consumables on Amazon: Q3 2017 Update

One Click Retail, October 12, 2017

Developed by Yuri Ingultsov Software Lab.