Kraft Heinz sets sights on international growth

Kraft Heinz sets sights on international growth | Shoppers start to return to US, Canadian stores | Hema's restructuring could put retailer up for sale

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25 June 2020

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Global Industry Watch

Kraft Heinz sets sights on international growth

Kraft Heinz is pivoting from an era of cost reduction to investing in brands to leverage consumer interest in innovation, sustainability and well-being, said Cristina Kenz, the newly appointed chief growth officer for the international zone. Kenz sees "hidden big opportunities" to expand Kraft Heinz's share in established overseas markets, as well as emerging ones such as China, Brazil and Russia.

Full Story: FoodNavigator (23 Jun.)

Shoppers start to return to US, Canadian stores

Foot traffic at US and Canadian retailers has been on the rise for the past nine weeks as more stores have reopened, but visits are still only about half of what they were this time last year, according to Prodco Analytics. Stores have taken on different looks as they've reopened, with plexiglass shields, ramped up cleaning efforts and limits on the number of shoppers.

Full Story: BNN Bloomberg (Canada) (23 Jun.)

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Retail in Europe

Hema's restructuring could put retailer up for sale

The bondholders of 93-year-old Dutch retailer Hema have reached a deal to restructure and take control of the company in exchange for cutting the company's debt from €750 million to €300 million. The deal could set the 700-store retailer up for a possible sale.

Full Story: Bloomberg (tiered subscription model) (21 Jun.)

New Amazon programme to help UK's small businesses

(Leon Neal/Getty Images)

Amazon is rolling out the Amazon Small Business Accelerator in the UK to help small businesses as they recover from the pandemic. The programme offers online training options and discounts on personal protective gear and other business supplies.

Full Story: Charged (UK) (23 Jun.)

Retail in Asia

India's e-commerce firms to add country of origin info

Flipkart, Amazon and other online players will begin to require merchants to display country of origin labels on goods sold in India. The move comes after India's recent border clash with China.

Full Story: BNN Bloomberg (Canada) (24 Jun.)

Global Insights

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E-commerce Spotlight

Mask demand drives pandemic sales growth for Etsy

Surging demand for masks helped Etsy recover quickly after faltering in the early weeks of the pandemic. The company reported selling more than 12 million masks worth $133 million in April.

Full Story: CNBC (23 Jun.)

Spotlight on Consumer Electronics

Samsung is launching a digital pay card with Curve

Fintech firm Curve is helping to launch Samsung's Pay Card this year. The product, which will be available to UK consumers, offers a card-syncing feature as well as enabling peer-to-peer money transfers and retroactive payment source switching.

Full Story: TechCrunch (tiered subscription model) (24 Jun.)

NRF News

Free training extended through June 30

The NRF Foundation's introductory RISE Up online course is available at no charge to anyone who wants to take it through June 30. The self-paced Retail Industry Fundamentals provides a simple way to build skills for jobs hiring now and covers basic math, customer service skills and best practices for job interviews. Learn more.