Just days after retail giant Metro signed a deal with Chinese powerhouse Alibaba, Sainsbury's is following suit. Over in Europe, Edeka enhances its organic assortment with a new partnership and in the US, Pepsico and Sodastream have struck a deal. Read about new alliances, e-commerce developments and ongoing preparations for the festive season in today's issue. Have a great start to the week.
asia & australia
Paytm plans payment bank Alibaba-backed e-commerce firm, Paytm, wants to launch the first payments bank in India and is counting on its mobile wallet experience to give it an advantage. The company earmarked a significant amount for the impending festive season in the country.
Register now for etailment 2015 â The Business Event for Retail
International trade experts from Alibaba, Zalando, mytheresa.com, OTTO Group Russia, GALERIA Kaufhof, notebooksbilliger.de, redcoon, ROSE Bikes etc. will share their knowledge of strategies and new markets. One of the highlights is the e-Stars 2015 Award Ceremony. Find out more at etailment 2015 on 11th and 12th November 2015 in Frankfurt/Germany and re-invent retail.
Coles supports veggies The Australian supermarket giant announced an AU$ 500,000 interest-free loan to Victorian vegetable growing operation, Butler Market Gardens, as part of the Coles Nurture Fund. Meanwhile, rival Woolworths' outgoing CEO, Grant O’Brien’s, had a pay cut.
Tesco donates breakfasts In its first year of partnership with charity project Magic Breakfast, the British supermarket chain has donated over two million breakfasts to children. Meanwhile, Tesco shares have fallen since Dave Lewis became chief executive. Lewis' lack of share purchases has been criticised by corporate governance pressure groups.
Shop Direct cuts jobs Home shopping retailer Shop Direct is planning to close two of its call centres, putting almost 700 jobs at risk. The proposed closures are due to the reduction in call volumes expected over the next 10 years.
usa & canada
Walmart includes fast-food outlets Orlando-based All American Business Associates signed an agreement with the retail behemoth to build a new fast-food restaurant prototype, featuring Checkers and Auntie Anne’s, in five Walmart stores in Florida. Meanwhile, Walmart suppliers are up in arms about new margin-squeezing storage fees and a new payment schedule.
Pepsico deepens ties with Sodastream The sofdrink giant announced that it will offer a variety of capsules for use in Sodastream International machines, as part of its expansion in the home-brewed market. The development extends the relationship between the two companies.
Gamestop accepts Google Pay The electronics retailer has become one of the first major retailers to accept Google's new mobile payment system. The company has announced that customers can start using Android Pay immediately at its more than 4,200 US video game stores.
developments to watch
Ebay starts shipping club The e-commerce giant is about to launch a shipping club in Germany that has similarities with Amazon Prime. Called Ebay Plus, it will reportedly allow buyers to receive certain orders within two days plus free returns.