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A new tax on sugary drinks, job losses at Asda and another commitment to the EU made headlines in Britain. More European companies see potential in Asia, and delivery tie-ups keep Indian e-tailers busy. Over in the US, a futuristic shoe is about to be released. Enjoy the read and don't forget to share. Subscription to RetailUpdate is FREE.
asia & australia
Growth potential in the Far East Bayer CropScience, a subsidiary of German pharma and chemical giant Bayer, aims to expand its footprint in China, where it has already a range of projects, and British speciality packaging manufacturer Parkside is making significant investments in its Malaysian operations.
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Delivery partnership in India The Department of Post, which has a network of approx. 155,000 post offices, has tied up with more than 400 e-commerce companies, including Flipkart, Amazon and Snapdeal, for delivering pre-paid and cash-on-delivery orders.
Asda axes jobs The British unit of Walmart has confirmed plans to cut up to 500 jobs in stores and 250 at its head office in Leeds as the retailer struggles to protect profits while sales slide. The supermarket chain will also close staff canteens as part of a turnaround plan called Project Renewal.
Meeting the targets British frozen food chain Iceland has struck a five-year deal with XPO Logistics to help the retailer meet its growth targets, including up to 40 new stores over the next year +++ Danish brewer Carlsberg says it will stay in Russia. The decision is part of Carlsberg’s new broad business strategy.
Kroger names new exec The Cincinnati-based supermarket chain has appointed Mary Ellen Adcock as new retail operations executive. She succeeds Marnette Perry, who retired in February. Ms. Adcock currently serves as vice president of operations for Kroger's Columbus division.
Nike launches futuristic shoe The footwear manufacturer has announced the mass production of a shoe with self-tightening laces. The HyperAdapt 1.0 will be the first shoe to take advantage of Nike’s adaptive lacing technology, which the company advertises as an entire new platform for sneakers.
Choppies aims high The Botswana-based retailer wants to be the market leader in Southern Africa and says it is on track to reach 200 stores by the end of 2016, although it could not break even in South Africa this year due to the rapid deterioration in consumer spendings.