Thursday, 07 April 2016
In China, Alibaba-owned South China Morning Post has removed the paywall on its website, in Europe, H&M reveals big expansion plans for the next eight years, and in the US, Kroger is set to create 1000 new jobs. Have a great day, and don’t forget to share.
asia & the middle east
Alibaba removes paywall South China Morning Post, which was recently acquired by the e-commerce giant, has dropped the paywall on its website in order to grow its global readership. Physical and PDF versions remain subscription based.
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Kroger to create jobs A plan to build new stores and refurbish existing ones, has the US supermarket chain poised to create 1,000 new jobs in Michigan, an investment worth US $180 million. Just recently the Cincinnati-based retailer has formed a “strategic partnership” with speciality grocer Lucky’s Market.
Constellation on shopping spree Following healthy net sales growth in the last financial year, US drinks company Constellation Brands continues to strengthen its position in the wine category by agreeing to purchase The Prisoner Wine Company’s portfolio of brands, which includes five wines.
Latest results Walgreens Boots Alliance has reported a net sales increase for the second quarter of 13.6%. Foreign currency translation, however, adversely affected sales by 2.4% +++ As agricultural commodities reduce demand for crop inputs, the world’s largest seed company, Monsanto Co, has reported its lowest second-quarter profit since 2011.
Shoprite under pressure Workers at a distribution centre owned by Africa's largest food retailer have gone on strike. The 900 workers at The Centurian facility are protesting low pay and outsourcing.
Online sales growing As more South Africans turn to the web, online sales are beginning to erode traditional retail’s market share, according to a report by World Wide Worx. This year online retail sales are expected to grow 20%, slightly down on last year. However, this still amounts to just 1% of overall retail sales.