The price wars continue. In the US, Walmart battles its competitors with an aggressive price-cut strategy, while in the UK, Tesco is hitting a blow at Sainsbury's-owned Argos. Alibaba and Walmart both make a move before the upcoming 'Singles Day', one of the largest online shopping days in the world. Find out about these stories and more. Enjoy the read and have a lovely weekend!
Asia & Australia
Innovative ideas Dutch supermarket chain Jumbo has opened a pop-up bus-stop shop in Utrecht as part of its 'Easily Ordered, Quickly Delivered' campaign. Shoppers at one of the pilot stores of Serbia's largest retail chain Idea can pick their own fresh salad from an in-store garden. Earlier this year a vertical garden has been launched in a supermarket in Berlin in a cooperation between Metro and Infarm.
Price war casualties With its new aggressive pricing strategy, Walmart aims a blow against the likes of Target, Dollar General, and Family Dollar. Following the announced sale of Supervalu's Save-A-Lot chain, the future of the company's regional chains, which constantly have been losing market share to the lower priced chains, is uncertain.
developments to watch
Bitcoin ready for take off Even though its adoption might not come quickly, the technology for the digital currency is already here. The implementation of blockchain-driven Bitcoin could take off markedly if even one large retailer starts using it.