Thursday, 06 October 2016
Hello, dear reader!
South Korean tech giant Samsung invests in a Silicon Valley start-up. Japan's Aeon debuts in Myanmar and over in Britain, Tesco's turnaround plan is bearing fruit. Retail behemoth Walmart raises its stake in Jd.com and keeps rival Target at bay, while finance provider Mastercard exports a revolutionary payment method to Europe. Enjoy our daily compilation and don't forget to share.
asia & australia
Eroski swings to profit The Spanish retailer has reported a net profit for its fiscal first half, which it attributes to recent changes it has been making. The company invested EUR 45 million in refurbishing 74 stores and improving its IT equipment, and also opened 44 franchise supermarkets.
Paying with selfie Financial service provider Mastercard has launched its ‘selfie pay’ biometric authentication app in Europe. The revolutionary payment software has been implemented in the UK, Germany, and Sweden after successful trials in the US, Canada and the Netherlands.
usa & canada
Top changes at Ahold Delhaize In its first major reshuffle since its mega merger, the retail giant has announced changes to its senior team in the US. James McCann, head of Ahold USA operations, has resigned and will be succeeded by Kevin Holt, currently CEO of Delhaize America.
Digital decisions US department store retailer Kohl's is the latest to launch its own independent mobile payment platform, dubbed 'Kohl's Pay'. Meanwhile, Canadian e-commerce company Shopify has launched a 'Shop Now' option, allowing stores to sell directly through Facebook Messenger.