Hello and good day!
We have heard all about the supermarket price wars in Britain; yesterday, presumptions of Aldi fighting a more than successful battle in Australia were validated and today, we are learning that in the US, Walmart is throwing down the gauntlet to Amazon. Enjoy the read and have a nice day.
China's smartphone adoption rate thrives According to a new GSMA study, China's smartphone penetration rate (62%) has surpassed that of Europe (55%). The mobile industry is seen to contribute US$ 1.1. trillion to Asian-Pacific economy.
USA & Canada
Simons to expand across Canada Quebec City-based Simons department store chains is planning to extend its brand across Canada. The family-owned retailer will be spending up to CA$ 200 million over the next four years on its expansion plan.
Rest of the world
Russia's X5 Retail Group closes up with Magnit Russia's second-biggest grocery retailer is closing the gap on the market leader with Q2 net sales for 2015 increasing 28.1% year-on-year to reach RUB 198.62 billion (US$ 3.3 billion). However, Magnit too reported a strong rise in first-half sales, despite the slowdown in the second quarter.
World's largest mall to open in Qatar Adjacent to a 2022 World Cup stadium, the Mall of Qatar, which will encompass almost 4.2 million-sq.-ft. and which built will cost an estimated US$ 1 billion, is scheduled to open in first quarter 2016.