Hello, dear reader!
Discounters and e-tailers continue to put traditional supermarkets under pressure: Lidl presents a concept for urban areas and Amazon not only works on a drive-up grocery store but also on convenience outlets. Britain's Sainsbury's fights back with a department store approach. Check out the latest competitive moves and a lot more in today's issue. Enjoy the read and don't forget to share.
asia & South Pacific
Planning ahead Alibaba's Ant Financial, whose anchor business is Alipay, is focusing on increasing its daily user base before gearing up for an initial public offering in 2017. Selling on Alibaba's Tmall has become so successful for Macy's that the US company plans to launch its own Chinese website next year.
Fonterra restructures Shareholders of the New Zealand-based dairy coop have voted for a new governance structure to focus on business priorities. The new structure means the board will be cut to 11 directors, down from 13, and there will be changes to the election process for Farmer Directors.
Toys 'R' Us invests again After years of just cutting costs, America’s largest specialty toy retailer is starting to put money back into operations, as it looks to grow sales and traffic while the most critical selling season approaches. For the first time in a while, the company is building inventory.
Dole acquires in Chile The California-based agricultural multi has bought TucFrut farms and packing facilities. The acquisition will strengthen Dole’s product portfolio with premium apple varieties and kiwifruit and also provide the company with its first own production of Chilean blueberries.
For better relations Kenyan suppliers claim billions in outstanding payments from retailers with Uchumi Supermarkets being one glaring example. To solve the problem, the country's government has formed a supplier’s task force as it seeks to create a cordial working relationship between the two parties.