Hello, dear reader!
Germany's Metro C&C is ready to expand its business in India and Korean retailer E-Mart invests heavily in Vietnam. In Europe, Morrisons and online giant Amazon hit the headlines with a special locker deal. In the US, rival Walmart explores the potential of self-driving shopping carts and Targets gets ready for the holiday season. Enjoy the read and please share the news.
asia & australia
Eyeing Chinese consumers US coffee giant Starbucks wants to increase its global tea business Teavana and is looking to the US$ 9.5 billion tea market in China and other Apac countries for growth momentum. Despite a fall in profits, British online clothing retailer Boden plans to launch on Alibaba's Tmall this month.
JB Hifi seals deal The Melbourne-based consumer goods retailer finally announced the long-speculated acquisition of whitegoods company The Good Guys, saying it would create new opportunities for each brand to grow. The deal is worth AU$ 870 million.
Entertaining the crowd Swedish furniture retailer Ikea has ventured into ‘retailtainment’ with the launch of a pop-up do-it-yourself restaurant and food store in London, and German supermarket chain Edeka has introduced a new cooking channel on YouTube, which offers curious facts about food, recipes and instructions.
usa & canada
Pop-ups in the planning E-commerce behemoth Amazon plans to open dozens of pop-up stores in malls across the US. They will showcase and sell the company's devices. Meanwhile, clothing retailer Lands' End has 'popped up' with a two-floor temporary store on Broadway, New York.
Holiday hirings Discount retailer Target said that it will be employing 70,000 seasonal workers in its stores during the busiest time of the year. It’s the same number as last year, reflecting a less-than-rosy outlook for the Thanksgiving-to-Christmas period.
Virtual card launched Mobile payment app Square Cash offers a new card product, which gives every user a virtual Visa debit card number that they can use to spend their balance anywhere that accepts Visa. It works by simply entering the virtual card number as a payment option.