Hello and good day!
Some giants are growing even greater still - Aldi ventures further South and West in Australia, online majors Alibaba and Amazon broaden their services profiles, and newly merged Kraft Heinz might be incorporating yet another company. On the other end of the growth chart, Tesco is starting to sell off land, which had been planned to be used for new supermarkets. Enjoy the read!
Asia & Australia
Aldi Australia ventures South The discount supermarket retailer has begun construction of its distribution centre in South Australia as it prepares to open up 50 stores across the state, the first one to be completed in around 6 months. In October 2014, Aldi had announced to invest AU$ 700 million to build two distribution centres and 120 stores across the states of South Australia and Western Australia.
Warehouse Group to recruit new CEO Mark Powell, CEO of the largest retail group operating in New Zealand, will be leaving The Warehouse group by the end of this year. Earlier this month, the group posted a disappointing 19% drop in adjusted first-half profit to NZ$ 37.2 million.
WDF share price decreases after Dufry takeover After Switzerland’s global travel retailer Dufry AG has agreed to buy a majority stake in Italian airport retailer World Duty Free SpA in a EUR 1.3 billion (US$ 1.4 billion) deal, the share price of World Duty Free dropped by over 8% in early trading on the Milan stock exchange on Monday.
More possible purchasers of Net-A-Porter Amazon is not the only player interested in acquiring the London-based luxury fashion business. Italian online fashion retailer Yoox has confirmed merger talks. Such merger would create a EUR 2.5 billion industry leader.
eBay and Argos 'click and drop' together In an attempt to help sellers cut the cost of delivering items to customers, the online marketplace and the UK high street chain are partnering to trial a new ‘click-and-drop’ scheme.
Findings in online shopping
US holiday online shopping peaked Cyber Monday E-commerce solutions provider Akamai Technologies analysed the online and mobile traffic activity of global e-tailers in their newly published 2014 Online Holiday Shopping Trends and Traffic report and found Cyber Monday, the Monday after Thanksgiving, to be the most popular shopping day of the season. However, the same day stands for a low when it comes to mobile shopping activity, whereas Thanskgiving itself lists the highest activity.