In India, e-commerce giant Amazon is poised to introduce a seller lending programme; changing consumer spending habits in the UK are blamed for a decrease in products purchased from supermarkets, and US retail chain Staples is one step closer to merging with Office Depot after receiving approval from the European Union. Enjoy the read, and don’t forget to share.
asia & Australasia
Pepsi and Coke downsize It seems less is more for the two cola giants. In response to Indian consumers cutting back on sugary drinks, softdrink giants Pepsico and Coke plan to boost sales by introducing smaller cans, which are priced lower than standard bottles.
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Amazon lends a hand In an effort to grow their business online, the Indian arm of the e-commerce behemoth, along with Mumbai-based finance company Capital First Ltd, will introduce a seller lending programme.
Healthy profits Dutch brewer Heineken has reported a 16% growth in profit for 2015, and it expects more increases due to growing demand for its brand in the United States +++ Meanwhile, driven by strong sales in curtains and bedding, British retail chain Dunelm's profits were up 10.3% in the first half of its financial year.
Buying back shares On Wednesday, Amazon’s board authorised the buyback of $US 5 billion in shares. This will replace the US$ 2 billion repurchase programme approved in 2010. Additionally the e-commerce giant announced that Wendell P. Weeks, the CEO of Corning, would join its board.
developments to watch
Beauty meets technology Consumers of beauty products are increasingly using mobile and social technology, according to a study from Mintel. In fact, 45% of consumers prefer to search for product information on their mobile devices in store rather than ask for assistance. Another 39% would like to use or have used store-provided tablets.