Hello, dear reader!
Online giants Alibaba and Amazon never cease to surprise, both reported better-than-expected results and remain every retailer's nightmare. The delivery market place in the US gets more innovative and aggressive. In Europe, deals and partnerships are negotiated and new rules proposed to stop tax loopholes. Enjoy the read and have a great weekend.
asia & australia
FOODBOARD™ – Cartonboard with functional barrier for sustainable and safe food packaging
With FOODBOARD™, Mayr-Melnhof Karton has developed the next generation of cartonboard which ensures highest product safety: FOODBOARD™ shields packed food against the migration of defined unintended substances such as mineral oils, phthalates, DIPN and bisphenol A and provides protection against cross-contamination during transport, storage and at the point of sale.
Aldi crosses the Alps More details have emerged as to how Germany's most profitable discounter intends to conquer Italy. Its country manager reportedly negotiated to purchase a distribution centre in Friuli. German Retail Blog takes a look at the Italian discount market, where Aldi’s archrival Lidl is the leading gladiator.
Logistics and dairy deals French hypermarket giant Auchan has signed a remuneration deal with private label milk suppliers to obtain better terms and conditions for manufacturers, while British supermarket operator Iceland has entered into a three-year agreement with logistics solutions provider Chep to boost its supply chain efficiencies.
usa & canada
Amazon reports top results The online powerhouse surpassed annual sales of US$ 100 billion for the first time and reported the largest quarterly profit in its 19-year history as a public company. Over in Canada, Amazon expands its offerings and now sells scientific and industrial supplies.
More offers for online deliveries Grocery retailer Kroger has launched a new home delivery service outside its home market with Grocery Runners, and ride-sharing service Uber has increased its UberRush same-day delivery service from New York to San Francisco and Chicago.
Quiksilver emerges After months of arguing the action sports retailer, which runs nearly 1,000 stores, and its creditors have come to an agreement, and the bankruptcy will be settled. Quiksilver USA is the only part of the company affected, since its Asia/Pacific and European branches are separate companies.
developments to watch
Closing loopholes The European Commission is pushing for new rules to reduce tax avoidance and has proposed a set of measures to tackle some of the most common tax-dodging loopholes used by multinational companies to reduce their tax bills.
Sugar tax against obesity A report commissioned by the World Health Organisation backs a sugar tax, mandatory nutrient labelling and restrictions on marketing to children in a bid to tackle the child obesity epidemic around the world.