Hello, dear reader!
Australia is attracting retail heavyweights - yesterday, rumours had it that Lidl is preparing its entry, today, it is reported that Amazon is looking for its first warehouse in Sydney. The online behemoth is not only fuelling competition in the South Pacific, but also in Britain, where Sainsbury's is set to fight back with Chop Chop. Meanwhile, Walmart explores new routes in India. Enjoy the read and please share.
asia & australia
Expansion plans The economic boom in the Philippines shows no signs of abating and retailers are set to grow: Indonesian chain Alfamart wants to increase the number of its stores in the country to 400 outlets next year while property developer Double Dragon aims to build a network of 100 neighbourhood style shopping malls by 2020.
Sainsbury's extends service The British supermarket operator fights back against Amazon's Prime Now with a one-hour grocery delivery service in London. The company has developed an app called Chop Chop, through which shoppers can order up to 20 items to be delivered from a local store within an hour.
German initiatives Discounter Penny strengthens ties with local communities in its marketing campaign 'Willkommen Nachbarschaft' which aims to improve the dialogue between the store and its customers. Düsseldorf-based Metro extends its partnership with Tafel Food Bank. The group has been donating food to the banks for over 20 years.
USA & Canada
what to watch
Final hurdle for mega brew Today, shareholders of AB InBev and SABMiller will have their say on the proposed mega deal, worth more than US$ 100 billion. The path to create the "first truly global brewer" has taken nearly a year. Early indication predicts that the merger will go forward.
Focus on sustainable sources A group of international investors are urging 16 FMCG companies, including Nestle, Walmart and General Mills, to concentrate on animal-free alternatives and consider sustainable, plant-based sources of protein. The investors are part of the Farm Animal Investment Risk & Return initiative.