While Visa will finally be admitted access in China, the credit card company is being eliminated by Walmart in Canada. In Australia, the grocery wars are to be fuelled further as Amazon Fresh eyes a market entrance. German Retail Blog contributes some fascinating background stories on DIY advertising and the German start-up Mymuesli. Enjoy the read!
Asia & Australia
China opens payment market Ending the longstanding monopoly of UnionPay, China opened its credit card clearing market, which accounted for 48% of all gross consumption and retail activities last year, for competition to domestic and foreign players.
Zalando teams up with Adidas In an attempt to fend off advancing rival Amazon, the Berlin-based fashion e-tailer teams up with Adidas to offer same-day, free deliveries in the German capital. The pilot scheme makes Zalando the first major dedicated online retailer to tap into the inventory held in brands' own shops.
USA & Canada
Strategic decisions Struggling retailer J.C. Penney revealed refinancing plans which will help reduce interest costs by nearly US$ 10 million per year +++ After the planned spin-off of its discount division Save-A-Lot, grocery store operator Supervalu will retain a 40% interest in the company, rather than the previously disclosed 20%.
To boldly go ... German Retail Blog takes a closer look at the careers of Jürgen Schröcker, whose bold and controversial ad campaigns made a substantial impact at former Kingfisher partner Hornbach, and of the Bavarian fellows behind mymuesli.