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India attracts big players - Walmart is set to invest millions in the country and Amazon expands its presence by acquiring a payment firm. Over in the US, Albertsons is taking over stores and new delivery concepts are tested. In Europe, some companies enjoy bumper results. Enjoy the read and share it with your colleagues. Subscription to RetailUpdate is FREE.
asia & south pacific
Gearing up in India US retailer Walmart plans to open 19 more stores in the country by 2020, develop its supply chain networks and invest up to US$ 300 million. The company's technology centre in Bengaluru is also expanding its role and headcount +++ Meanwhile, e-commerce giant Amazon has just acquired Noida-based online payment firm Emvantage to foster its presence in the Indian market.
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Apple Pay starts in China The mobile payment system of the US technology giant will be available from tomorrow for Industrial and Commercial Bank of China customers. China will be the fifth country which offers Apple Pay.
Tesco challenged in Hungary The entire online division of the UK grocer's Hungary unit has threatened to go on strike in March if the workers do not get pay raises. Over in Britain, Tesco is pleasing dairy farmers by announcing the extension of its winter supplement payment.
Enjoying healthy results Thanks to a "renewed multichannel proposal" Spanish supermarket chain Eroski saw its online sales grow by 12% in 2015. The company has launched a new shopping app to speed up weekly shopping +++ British consumer goods company Reckett Benckiser also reports a healthy and better-than-expected fourth quarter growth.
Pharmacy partners in Russia X5 Retail Group, the second largest retailer in Russia, has reportedly signed a new partnership with the Aloe pharmacy chain. The deal envisages the opening of at least 330 such pharmacies in the group's Pyaterochka outlets.
usa & canada
Albertsons acquires small chain The US grocery company has agreed to purchase seven Paul’s Market stores in Idaho. It will close three of the stores and rebrand four under the Albertsons banner. The deal is expected to close in April.
Nordstrom expands northwards The upscale fashion retailer announced that its Nordstrom Rack off-price division, which sells clothing, shoes and accessories at 30 to 70% off, will open its first Canadian location, in Toronto, in 2018.
Mondi performs perfect South Africa-based packaging giant Mondi has upgraded its profits forecast for 2015, backed by a strong performance in its packaging divisions. The company employs around 25,000 people across more than 30 countries and was one of the best performing companies in 2014.
Woolworths targets high earners The grocer and clothing retailer, headquartered in Cape Town, thinks that the food offer at its Australian department store company David Jones is not good enough and is set to improve the food range to appeal to higher earners.