CHECKOUT COUNTER: Abercrombie talks off and Baskin-Robbins to start delivering scoops of ice cream
A weekly round up of the hottest international retail and consumer news.
1. Abercrombie talks off
US teen clothing retailer Abercrombie & Fitch is no longer up for sale and will focus on fixing itself. The group had been fielding takeover offers but said it had terminated discussions with all interested parties about a potential deal following a review.
2. Ice cream on the move
Over 600 Baskin-Robbins US stores will now be delivering scoops of ice cream, milkshakes, sundaes and cakes through restaurant delivery service DoorDash. The chain, owned by Dunkin’ Brands, previously tested the service in about 60 locations. DoorDash uses insulated carriers to make sure the frozen treats do not melt.
3. Tencent launches WeChat Pay in Europe
Naspers-owned Tencent has launched its payments service, WeChat Pay, in Europe, challenging Alipay, which is owned by Ant Financial, an affiliate of rival Alibaba. WeChat is a social media service that has about 938m monthly active users. Tencent has partnered with German payments firm Wirecard to allow retailers to accept WeChat Pay as a payment option. Alipay launched in Europe in 2015.
4. Mondelez warns that cyberattack hit sales
Mondelez International said second-quarter revenue growth would be reduced by 3% due to the recent global cyberattack. In May, the maker of Cadbury chocolate and Oreo biscuits said that employees in different regions were experiencing technical problems but it had been unclear whether it was due to the cyberattack — it turned out to be the Petya ransomware attack. Mondelez said its shipping and invoicing were disrupted.