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Retail Update - powered by LebensmittelZeitung

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More mergers and acquisitions have been announced over the last few days. In Britain, Majestic Wines has acquired online rival Naked Wines. In the US, Amazon has bought start-up Amiato and in India, Flipkart partners with a delivery company. Read about the latest alliances, profit reports and new beginnings. 

asia & australia
Coles to pay million-dollar fine   The Australian supermarket giant has been fined A$ 2.5 million and ordered to pay costs after breaking Australian Consumer Law by falsely advertising bread products as "freshly baked" and "baked today". The penalty has prompted criticism. ▪
Alibaba strengthens cloud computing   The Chinese e-commerce company has formed an automotive unit and a 'smart living' division as it ramps up its cloud computing, hardware and big data operations. The company is racing to introduce internet and computing capabilities to various kinds of everyday products. ▪
Flipkart partners with Dabbawalas  The online marketplace has connected with new delivery partner 'Dabbawalas' of Mumbai to ensure last mile delivery to consumers. It is also experimenting with a crowd-sourced delivery model that will connect local sellers and buyers and reduce delivery times. ▪
Carrefour continues recovery   The French hypermarket chain has reported a strong set of results for its fiscal first quarter, underlining its recovery under new CEO Georges Plassat. Revenue was up 8.6 % to EUR 21 billion, with like-for-like sales up 3.2%. The group's growth in Latin America is compensating for weak trading in China. ▪
Majestic Wines buys Naked Wines   Britain's largest wine retailer is to acquire online rival Naked Wines. The GBP 70 million deal sees the founder of the six-year-old internet retailer, Rowan Gormley, take charge of the enlarged group. The question is whether he is able to revitalise Majestic Wines. ▪
Sainsbury's angers customers   On Saturday, the British supermarket operator halved the number of points customers could earn with loyalty card Nectar. The scaled-back reward scheme is seen as a sign of increased market pressure.  Disgruntled shoppers took to social media sites to voice their anger. ▪
usa & canada
Amazon acquires Amiato   The online giant is said to have bought data-migration company Amiato. The Palo Alto-based start-up is specialized in taking data from a variety of modern databases and migrating it into Amazon’s online archiving service named Redshift. ▪
Closures and new beginnings    Delhaize America announced that Food Lion will close three stores in the greater Raleigh, N.C. area +++ A new chapter in the ongoing saga of Radioshack started with Sprint launching retail operations in 1,435 Radioshack stores, branded as Sprint Radioshack. ▪
Changes at the top   Albertsons announced that Bob Miller, the company's executive chairman, will assume the additional role of chief executive officer +++ Retail company Petco has named Michael M. Nuzzo as executive VP and CFO. ▪
south africa
Pick n Pay eyes profit   The retailer expects its full-year earnings to increase by as much as 30%, which is good news for investors after the once highly rated company lost ground to rivals Shoprite and Woolworths in recent years.  ▪
Zeder to acquire Capespan   South African agribusiness investor Zeder has confirmed its ‘firm intention’ to buy out the minority shareholders of produce company Capespan, in which it already holds a majority shareholding. ▪
Apple to open office in South Africa   The software icon is establishing an office in South Africa. It’s the first time it will have a direct presence in the country since 1999. Insiders are guessing now whether the company will finally open its own retail stores there. ▪

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