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Financial Mail - - SHOP TALK BY ZEENAT MOORAD -

1. Asda eye­ing B&M

Wal­mart-owned Asda is con­sid­er­ing tak­ing over dis­count re­tailer B&M, a move that could cost more than £4bn, ac­cord­ing to Like Sains­bury’s and Tesco, Asda has been los­ing mar­ket share to Ger­man su­per­mar­ket chains Aldi and Lidl.

2. Nike im­prove­ment: an­a­lysts

Mor­gan Stan­ley Re­search an­a­lysts in a note have said that Nike’s per­for­mance will im­prove based on new prod­ucts like the Air Va­por­max, favourable fash­ion trends, and the brand’s short­en­ing of its sup­ply chain to bring prod­ucts to mar­ket faster. Ac­cord­ing to the bank, these fac­tors will lead to 5% growth in the 2018 fis­cal year. “Our checks sug­gest Air Va­por­max can be­come Nike’s next $1bn shoe,” the note says.

3. Tourists splash out

Pay­ments pro­ces­sor World­pay says for­eign spend­ing in the UK could reach £2.4bn over the sum­mer due to the weak pound, which con­tin­ues to at­tract over­seas visi­tors. Spend­ing on for­eign cards was up 18% year-on-year in June, with tourists buy­ing £643m worth of goods on the high street. Mid­dle East­ern visi­tors spent 59% more dur­ing Eid from June 24 com­pared with an av­er­age week, with lux­ury bou­tiques and de­part­ment stores see­ing the big­gest surge in sales.

4. New Pep­sico pres­i­dent

Food and bev­er­age gi­ant Pep­sico named Ra­mon Laguarta as pres­i­dent, fill­ing a long va­cant 2 IC job and adding to spec­u­la­tion that chair­man and CEO In­dra Nooyi may be search­ing for a suc­ces­sor. Laguarta is cur­rently in charge of its Europe and sub-sa­ha­ran Africa busi­ness. The pres­i­dent po­si­tion has been va­cant since for­mer pres­i­dent Zein Ab­dalla left the com­pany in 2014.

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