For the second time this year, Belgium has decided to impose a severe lockdown in the fight against the coronavirus. All non-essential stores will remain closed for six weeks from Monday 2 November.
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Walmart is turning four of its hypermarkets into laboratories, which are investigating how to make better use of the retailer's physical stores for e-commerce. The chain is testing different technologies there.
Carlos Brito, CEO of beer giant AB InBev for 16 years, is going nowhere. The top executive denies any persistent rumours that he will soon be replaced.
The largest Aldi in the world opens in the German Ruhr area. The XXL shop covers an area of around 2,000 square metres, twice as large as the average.
Amazon sold 37% more this summer, while profits even tripled. The corona effect continues, even more than analysts had expected. Christmas will be "unprecedented", according to Jeff Bezos.
Auction site eBay was able to significantly increase its turnover and profit in the third quarter. The company took full advantage of the corona crisis and is raising its annual expectations.
Primark has signed up to the United Nations Fashion Charter (UNFCCC). The budget fashion chain is committed to reducing greenhouse gas emissions across its entire value chain by 30% by 2030.
French retail group Casino saw its comparable revenue increase in the third quarter, but continued to struggle in its home market. Analysts doubt whether the retailer will be able to benefit from the new French lockdown.
John Lewis has been given the green light to convert no less than 45% of its flagship store on London's famous Oxford Street into office space. The conversion should help to make the department store chain profitable again.
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Tiffany & Co and LVMH have reached an agreement after all: the takeover goes ahead, but for the reduced price of 131.50 dollar per share. That results in a discount of around 400 million dollar.
The previously announced cooperation between delivery service Uber Eats and food retailer Carrefour Belgium has started on Tuesday in Brussels and Liège. Other cities will follow as demand is very high.
Soon, shopping will also be possible on TikTok: the popular video app will join forces with Shopify so that nearly one million retailers can offer their products directly to users of the social network.
Despite the corona crisis, AB InBev again sold more beer in the third quarter. The world's largest brewer rapidly adapted its supply chain and saw a particularly strong increase in online sales.
LVMH and Tiffany & Co are reportedly discussing a "discount" on the planned 16.2 billion euro acquisition. Tiffany wants LVMH to keep its purchase promise, but the French luxury house regrets the expensive deal.
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Beer brewer Heineken saw its sales drop sharply as a result of the corona crisis. Although the third quarter showed improvement, the outlook remains uncertain, which is why the company is making redundancies.
With comparable sales growth of 8.4% in the third quarter, Carrefour reported the best performance in more than 20 years. Online sales even grew by 65%. In Belgium, the retailer is once again gaining market share.
Since a few weeks, Colruyt reacts to price cuts at Albert Heijn in all its Flemish supermarkets, and no longer regionally. A logical consequence of the expansion policy of the Dutch chain, says the market leader.
Dunkin' Brands, owner of Dunkin' donut shops and Baskin Robbins ice cream shops, is negotiating a possible takeover with Inspire Brands.
Fashion brand Sonia Rykiel rises from its ashes: after the bankruptcy last year, two co-founders of Showroomprivé ensure a relaunch online. Physical stores will follow later.
LVMH may acquire Tiffany & Co, says the European competition watchdog. Remarkably the green light is not welcome at all this time, as the Vuitton mother looks for a way out of the deal.
Vinted, Europe's largest online marketplace for second-hand fashion goods, acquires its Dutch competitor United Wardrobe. The acquisition strengthens the company's European market leadership.
Russian supermarket group X5 has opened its first unmanned, contactless store in Moscow. 7 days a week until midnight, customers can visit the automated store which is inspired by Chinese self-scan shops and by Amazon Go.
Zalando brings together eight international brands in a "more sustainable" capsule collection, consisting of 116 garments for the autumn season, as much as possible with environmentally friendly materials, such as organic cotton and lyocell.
Facebook subsidiary WhatsApp expands its options for businesses: while some retailers already let customers order via the messaging app, buying via WhatsApp will soon become an official option.
European Parliament has voted against the proposed ban on the use of designations referring to meat for plant-based alternatives. However, designations referring to dairy products will continue to be banned.
Coca-Cola wants to halve its brand portfolio. Some two hundred brands will go out, as sales continue to fall in all regions due to the corona pandemic. Nevertheless, it was a better-than-expected third quarter.
Several sources report that German sports goods giant Adidas is considering a sale of its sister brand Reebok. That brand was severely hit by the corona crisis.
Supermarket chain Edeka intends to double its stake in the Dutch online supermarket Picnic. The German market leader currently owns 10 percent of Picnic International and 35 percent of Picnic Germany.
Delhaize launches a delivery service for freshly prepared dishes in collaboration with Tastyoo, a food technology start-up in which the supermarket chain is already the main shareholder. Colruyt Group has already launched a similar service, Rose Mary.
Nearly 60% of all online sales worldwide are made by just six large companies. Four of these are based in China. This is shown in a new report from Activate Consulting.
Despite the corona crisis, Unilever has had a more than solid quarter. In particular, the company sold more products through supermarkets, compensating for the decline in sales in the out-of-home segment.
Decathlon turns its Belgian webshop into a platform on which other brands and partners can sell their sporting products – from Adidas to local start-ups. The project will be rolled out to other countries as well.
Procter & Gamble is not hurt by the corona crisis. The FMCG giant saw a sharp increase in sales and profits in the past quarter, fuelled by increasing demand for laundry and cleaning products during the pandemic.
Electronics retailer Fnac Darty reinforces its omni-channel model and focuses on additional services and new product groups. This led to good revenue growth in the third quarter, with strong online sales.
(update) Gap plans to leave Europe: the American clothing chain announces the possible closure of all its stores on the European continent. Nearly 120 stores are affected by the decision.