Friday, 29 July 2016
Reliance Retail, one of India's largest retailers, shuts down jewellery stores in its home market. German Retail Blog takes an exclusive, in-depth look at newly formed retail giant Ahold Delhaize; and in the USA, Amazon posts another profitable result. These stories and more feature in today’s RetailUpdate. If you enjoy the read, please don’t forget to share.
Pork prices rise Floods in China have caused animals to drown and farmers to slaughter pigs prematurely. As a result, from September, pork prices are expected to increase to as much as US$ 3.15 per kg.
Challenging the competition The fusion between Dutch grocer Ahold and Belgian rival Delhaize has created a retail giant with a distribution network in 11 countries. Improving purchasing conditions and regaining market share from discounters Aldi and Lidl is on the agenda of the freshly merged companies. German Retail Blog explains in-depth what the industry could expect.
Walgreens cans digital properties In order to focus on core business, the US pharmaceuticals company will discontinue drugstore.com and Beauty.com. The shutdown is expected to be complete by the end of September.
developments to watch