Tesco further fuels the supermarket price wars in the UK with the introduction of their revamped price promise which, as an industry first, presents the prospect of instant discounts at the check-out. In the US, the largest-ever deal in the technology sector has been struck whilst a couple of other mergers remain in the pipeline. Enjoy the read!
asia & australia
E-tailers face complaint The Traders body Confederation of All India Traders (CAIT) complained to the Indian commerce ministry that e-commerce firms such as Amazon, Flipkart and Snapdeal are violating foreign direct investment norms by holding festive season sales on their platforms.
Register now for etailment 2015 - 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.
Facebook pushes further into commerce The world’s largest social network is testing new e-commerce features, including a dedicated shopping section. Social commerce seems to be on the rise in general, with various retailers and social media platforms experimenting in the field.
Shipping turned to shopping In Johannesburg, South Africa, a retail centre has been built out of old shipping containers in an innovative attempt to find a new avenue of growth for small traders.
MTN Nigeria receives global award Mobile telecommunications company MTN Nigeria emerged as winner in the telecommunications category of the 2015 Global Brand of the Year Awards making it the first company in West Africa to receive such recognition.