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Walmart sees growth potential in China, rival Amazon is set to invest in India. Carrefour, Eroski and Continente trial new concepts in Europe and Lidl styles itself as a posh fashion retailer, while Tesco sparks outrage over potential job cuts. Office Depot expands its partnership with Dunnhumby and Kohl's invests in its omnichannel network. Sears struggles in Canada and Aldi is rumoured to lose momentum in Australia. Enjoy the read and don't forget to share.
asia & australia
US giants grow in China and India Big box retailer Walmart will invest millions in its development in the Southern Chinese province of Yunnan and expects to open 20 new stores by 2020. Meanwhile, rival Amazon considers an investment in Indian online food delivery start-up Swiggy.
Sabeco in demand The world’s largest brewers, among them Heineken, AB InBev, Asahi and Kirin, are lining up for a chance to buy a stake in Vietnam’s top beer maker, Sabeco, in a deal worth at least US$ 1.8 billion, after the Vietnamese government decided to sell its controlling stake.
Ifco prospers worldwide The international provider of reusable packaging solutions for fresh products, owned by Australian Brambles Group, has reported a 16% rise in annual revenues of US$ 992 million. All regions contributed to the growth of the company. Europe remains Ifco’s largest market.
Discount fashion German discount giant Lidl has set up a fashion pop-up store (in German) in an expensive shopping street in Hamburg. The temporary store is open for 10 days and is seen as a response to competitor Aldi's fashion upgrade.
usa & canada
Competitive convenience sector Supermarkets have moved quickly to capitalise on a growth of inner city dwellers with smaller store concepts. While the convenience market proposes opportunities for large supermarkets, competition is ferocious. Big retailers are back-peddling due to the risks.