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Target is participating in the launch of a new visual recognition app, Shoppers Drug Mart offers a personalised digital experience and Australia's Woolworths has partnered with Telstra to communicate wirelessly with its customers. Read about these digital experiments, new store openings, Chinese partnerships and a lot more.
asia & australasia
Massive investment in Middle East Almarai, the largest dairy group in the Gulf region, plans to invest EUR 5.1 billion from 2016-2020. The group says the investment would cover expansion in the areas of farming, manufacturing, distribution and logistics.
B&M steps up expansion Discount retail group B&M has revealed that it will open 60 stores in the year ahead after reporting soaring sales and profits. DIY chain Kingfisher has already sold a dozen of its B&Q outlets to B&M after another tough quarter for the company.
Eroski sees turnover decline Spanish supermarket chain Eroski has posted profits of EUR 90 million for the full year to 31 January 2015. Turnover was EUR 6.1 billion, which is 2% lower than the previous year. The retailer explained the slip with the launch of the Eroski Club loyalty platform.
USA & canada
Amazon works on its own food line The e-commerce giant is reportedly preparing to expand its private-label brands to include an array of grocery items (paywall) such as milk, cereal, and baby food. The company has just launched free same-day delivery for orders of more than US$ 35 for Prime members in select areas.
Result revelations Wholesaler Costco reports rising profit but sluggish sales in the third quarter of fiscal 2015 +++ Discount chain Fred’s beats Wall Street expectations for profit despite swinging to a net loss +++ Abercrombie & Fitch posts a wider-than-expected loss and drop in revenue for its first quarter.
developments to watch
Google launches new mobile payment Apple Pay will soon have a new rival. Google has unveiled its mobile system for contactless payment called Android Pay at a conference in San Francisco on Thursday.
Billion pharma settlement Teva Pharmaceutical will pay US$ 1.2 billion to settle US antitrust charges in a long-running "pay for delay" case. The Federal Trade Commission called it a landmark agreement (paywall).