Coles signs private label deal with Sainsbury's

Supermarket group Carrefour to sell off Rue du Commerce online site
French supermarket retailer Carrefour is in talks to sell its Rue du Commerce online shopping site to French e-commerce venture Shopinvest, as it refocuses its online sales strategy on food rather than electronics. Carrefour said on Friday that it had received a firm offer from Shopinvest for Rue du Commerce. Carrefour, which bought the Rue du Commerce site back in 2015, did not disclose any financial details. The group is in the midst of a five-year plan to cut costs, boost its e-commerce investments in food, and offer more organic products and own-brand labels to tackle competition from the likes of Amazon  and domestic rival Leclerc.Source: https://www.euronews.com 

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Coles signs private label deal with Sainsbury's
Coles will source private label groceries from British retailer Sainsbury's as part of a plan to lift house brand sales to 40 per cent of total sales over the next few years, a move analysts say could boost earnings by 10 per cent. Coles signed a three-year white label agreement with Sainsbury's last week and expects to start stocking the first new products – including packaged food and household, health and beauty products – by the end of the 2020 financial year. Source: https://www.afr.com 

New Tesco discount store will open next week at Westgate Retail Park
The new Tesco discount store, Jack’s, will open in Wakefield next week. The finishing touches are being put to the new store on Westgate Retail Park in premises formerly occupied by Toys R Us. There are only a handful of the Jack’s stores currently open in Britain and were launched last year to compete with other discount supermarkets such as Lidl and Aldi. They are named after Tesco founder, Jack Cohen, and they say 80 per cent of the products on sale are either grown, reared or made in Britain. Source: https://www.wakefieldexpress.co.uk 

Whole Foods recalls 70 hot bar, salad bar items and other food 
Whole Foods Markets is recalling 70 products sold nationwide over bacterial contamination concerns. The products range from vegetables to fish and Chinese food on salad or hot bars, chefs’ cases or packaged in plastic containers that were sold between October 10th and November 4th. A list of the possible contaminated products can be found here. They include broccoli, cauliflower, chicken and salmon. Source: https://eu.usatoday.com 

96 more Sears and Kmart stores will be shut down 
The owner of Sears and Kmart is closing almost a third of its remaining stores just months after buying the struggling retailer out of bankruptcy. Transform Holdco’s shutdown of 96 locations will leave just 182 outlets for the company, which was once the nation’s biggest department store chain. The merchant “has faced a difficult retail environment and other challenges” and is “pruning operations that have struggled due to increased competition and other factors,” Transform said in an emailed statement late Thursday. The company is getting $250 million of new capital from its owners, led by Eddie Lampert’s hedge fund ESL Investments Inc., along with a third-party investor. Source: https://www.latimes.com 


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