n.75

US retailers lengthen Black Friday offer periods to attract shrinking shoppers


Walmart, Amazon, Target and Macy's are among the US retailers already offering steep discounts under the Black Friday banner, long before it actually arrives this week. Despite this, sales of non-food units fell by 3% year-on-year in the week ending 16 November, according to data from Circana, which compiles data from retail outlets. The National Retail Federation predicts that winter holiday sales will reach nearly $1 trillion in the US in November and December, a record $902 per person. But the rate of spending growth is expected to be about 2.5-3.5%, the slowest since 2018

AmazonNon-foodWalmart
 

n.74

At COP 29 climate conference very bitter agreement for countries of the South


States at the Baku climate conference pledged on Sunday to pay USD 300 billion a year to help developing countries adapt to climate change by 2035. A much smaller sum than they were asking for. While the sum tripled the initial target agreed in 2009(100 billion aid reached in 2022, two years late), it falls far short of the expectations expressed by the South and non-governmental organisations. To cope with the immense needs created by climate disasters, but also by the energy transition, the Africa group had initially spoken of USD 1.3 trillion. The money that will not come from the richest countries will be taken away from health, schools, etc. .On climate change in Albiate read here

AlbiateClimate change
 

n.68

Nestlé wants to spin off its water division and Unilever wants to sell its ice creams


Nestlé's sales growth forecast for 2024 - after two cuts - fell to 2%. Emerging markets are not what they used to be. Products have reached a reasonable penetration and local brands are increasingly formidable competitors. In fact, Nestlé's sales growth in emerging markets, at almost 12 per cent in 2012, will drop to around 4 per cent this year. P.S.. : All the Italian press failed to report the water fraud perpetrated by Nestlé in France. On Unilever read here: the ice cream business - which accounts for about 16 per cent of total sales - as part of CEO Hein Schumacher's turnaround plan, also includes cutting 7,500 jobs, mostly in Europe for now does not meet the interest of large private equity groups

Water
 

n.67

Walmart beats forecasts and inflation


Like-for-like sales in the US were up 5.3 per cent, with the number of transactions net of fuel up 3.1 per cent. Among the biggest drivers of sales were food products, where the number of units sold was the highest in four years, and pharmaceuticals, where Walmart reported an increase in sales of GLP-1 weight loss drugs. E-commerce sales in the US increased by 22% What is amazing is that Walmart continued to expand its market share in the third quarter, with sales from households earning more than $100,000 a year accounting for three-quarters of the gains - in terms of share gains - in the US, CEO Doug McMillon told analysts. compiled 19 November, updated 21 November 2024

E-CommerceInflationNon-foodWalmart