It is hard to believe, that it has only been one day since we learnt of Alibaba's billion-dollar acquisition of Lazada, when in today's news, again, the online behemoth invests another US$ 1.25 billion. In Britain, Tesco's latest results give rise to hope that the supermarkets' position in the country may be stabilising, and in the US, Walmart is trying to grow its online assortment with the help of a new partnership. Enjoy the read!
Mc Donald's backtracks As part of a new business model in the region, the US fast food giant puts 2,800 restaurants in North AsiaAs part of a new business model in the region, the US fast food giant puts
Alibaba spends again Chinese food-delivery start-up Ele.me has raised US$ 1.25 billion from the etail giant and its sister payments company Ant Financial +++ In India, Delhi-based start-up Airwoot, which has customers such as Snapdeal, has been picked up by cloud-based customer service software provider Freshdesk in its 5th acquisition in a year.
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Walmart expands services The largest grocery retailer in the US is introducing free curbside pickup of online grocery orders in eight new cities, which takes the service to be available in about 200 stores in 30 metropolitan areas. In a move to expand its online assortment and gain ground on Amazon, Walmart struck a partnership with e-commerce company Channel Advisor.
Unexpected fall Retail sales in the US have taken an unexpected decline when - instead of the forecasted 0.1% gain - purchases dropped 0.3%, a sign interpreted as growing consumers' caution.
Profitable products While audiobook producer and retailer Audible's Australian website has experienced triple-digit growth in sales since its launch in the country in 2014, British high street stationer WH Smith ascribes a good part of its recent rosy performance to adult activity books.
'Athleisure' out of steam The great run of fitness apparel retailers, such as Lululemon and Under Armour, is slowing down and average selling prices decline as discounters and fast-fashion retailers join in the game.