There was substance behind speculations about the biggest deal in US e-commerce start-up history - Walmart makes its acquisition of online retailer Jet.com official. Rumours have been rejected in Africa, where Kenyan supermarket chain Nakumatt denies that the chain is closing its operations in Uganda. Find out more about these stories and other news, and read what Aldi UK CEO Matthew Barnes has to say about the discounter's image transformation. Enjoy!
asia & Australia
Amazon Japan raided The Japan offices of the e-commerce giant have been searched following possible antitrust violations. In India, where the company contends with Flipkart for the largest online marketplace, Amazon has hit record sales during its "Great Indian Sale" event.
David Jones plans food offering The Australian upscale department store, owned by South African retail group Woolworths, is preparing its big push into grocery (paywall) with a joint venture deal between South Africa’s In2Food and Australian wholesaler Yarra Valley Farms.
Micros got hacked Oracle's payment terminal business, which is used at more than 330,000 sites in 180 countries, including major retail chains, suffered a hacker attack. The hackers potentially accessed sales registers all over the world.
Lowes' digital coupon solution As the first supermarket retailer, the grocery store chain is launching an integrated digital coupon solution. A newly developed platform will integrate the coupons directly into its e-commerce and e-circular programmes.
Steinhoff faces 'bumpitrage' The move by US hedge fund Elliott Management to bump up its stake in Poundland to about 17.5% within days of the British discount chain agreeing to be bought by Steinhoff, is considered post mergers and acquisition arbitrage, or 'bumpitrage'. The acquisition turns out to be a rough ride for the South African retailer.
Kenyan supermarkets under pressure Nakumatt denies reports that it is on the verge of closing its operations in Uganda. Instead, it was streamlining its operations in the country in order to increase efficiency and robustness +++ The Kenyan government has gathered enough evidence to push charges against those who mismanaged the assets of ailing chain Uchumi.