It is Prime Day today and in the US, many retailers tackle Amazon's sales event with their own special deals. While Alibaba launches a virtual reality shop, Walmart is taking its revamping strategy to the shop floors by deploying new 'quality carts'. In Europe, Lidl has announced its biggest investment in Spain so far, and Metro makes an acquisition in France. Enjoy the read!
Challenges in e-commerce New tax regulations on search advertising in China will have an impact on the earnings of the likes of Alibaba and Baidu +++ In India, the e-commerce market is getting awfully tight with the two big domestic players, Flipkart and Snapdeal, and one big international player, Amazon. Snapdeal is expected to get the short end of the stick.
Retailers take on Prime Day Many retailers, amongst them Macy's and Target, counter Amazon's Prime Day with their own special deals. Walmart offers no minimum purchase for free shipping. Amazon itself is pushing voice shopping by offering exclusive Prime Day deals for Amazon Prime members who use the Alexa voice-activated artificial intelligence platform.
Pet stores merger Florida-based Pet Supermarket and Canada's Pet Valu merge into the new brand Pet Retail Brands, which becomes the third largest pet specialty retailer in North America. The deal is expected to generate approximately US$ 1 billion in sales.
Latin america & Africa