German food-delivery start-up is set to grow after a successful funding round has lifted its valuation to EUR 2.6 billion. Alibaba has signed a deal with US Postal Service to speed its delivery time to American customers, and Shopify teamed up with Amazon. Also, check out how Lego can unlock talent and what core values Zalando relies on. Enjoy the read.
Alibaba partners with US Postal Service Cainiao Logistics, the affiliate of Chinese e-commerce giant Alibaba, has agreed to work with the US Postal Service to speed up delivery to American customers. The two companies also want to expand worldwide shipping capabilities, especially in South America.
Nojima enters Vietnam The Japanese consumer electronics retailer is about to start its store roll-out programme in Vietnam, following its acquisition of an additional 21 % of local chain Tran Anh Digital World.
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.
Hong Kong moves away from luxury Although the retail sector in Hong Kong outperformed over the last decade with strong sales growth for high-end products, it is moving from its traditional luxury focus to the mid-market +++ Apparel retailer Bossini has weathered Hong Kong’s retail downturn by achieving strong growth offshore.
Lego builds in Shanghai China's economy may be slowing down, but that is not stopping the Danish toymaker from investing more than US$ 113 million in a new plant in Jiaxing, about 100 km southwest of Shanghai Text
Lidl commits to living wage The German discount powerhouse says it will become the first UK supermarket to implement the minimum wage as recommended by the Living Wage Foundation. The move represents an average pay rise of GBP 1,200 per year for thousands of staff.
Hello Fresh is set to grow The German food-delivery start-up, backed by Rocket Internet, raised EUR 75 million in funding, lifting its valuation to EUR 2.6 billion as it seeks to increase its market share and expand further.
usa & canada
Unlocking talent As the fast pace of technology calls for innovative, out-of-the-box thinking, corporations are looking for more unusual approaches to meet the challenges they face. Some companies are using Lego to unlock talent employees didn’t know they had.
Pay to enter a store In five years, consumers may have to pay to go into a bricks-and-mortar shop to enjoy the luxury experience of interacting with a sales assistant, according to a report from MYOB.