Thursday, 08 December 2016
Hello, dear reader!
Recently merged retail giant Ahold Delhaize has unveiled its billion-dollar expansion strategy. Ambitious growth plans were also revealed by Swedish icon Ikea, coffee chain Starbucks and big box heavyweight Walmart in Mexico. In other news, find out the latest developments in the world of digital payment. Get informed and enjoy your daily update.
asia & Australia
Lego opens in Korea The Danish toy maker will open its first official store in the northeast Asian country today, joining a range of Lego outlets in Hong Kong, Japan, Malaysia and Singapore. In other news, it was revealed that online sales in Korea reached US$ 4.8 billion in October, marking a new high.
Dash lands in Japan US e-commerce major Amazon is introducing the Dash button, a device that enables consumers to order household items for next-day delivery, for the first time in Japan, a few months after the product expanded outside the US with launches in the UK, Germany, and Austria.
Boosting agriculture overseas Swiss food maker Nestlé is determined to support a regular supply of maize and other commodities developed in Ghana, while Italy's Ferrero is active in Chile, aiming to turn the South American country into the third-largest producer of European hazelnuts in the world.
usa & latin america
Walmex invests billions The Mexican unit of the US retail behemoth plans to spend US$ 1.3 billion to expand its logistics network and create 10,000 jobs in the country. The retailer aims to double its sales in Mexico by 2024 by boosting its core business of discount retail and expanding its fresh food business.
keep an eye on
Delivery chaos expected 390 million parcels will be distributed over the Christmas period this year in Britain and charity organisation Citizen Advice reminds of the glitches last year, where 4.8 million shoppers experienced delivery problems.
Bargain baskets Dollar General and Walmart outperformed competitors such as Aldi, Stop and Shop and Family Dollar for the least expensive overall shopping basket, according to a study by Kantar Retail.