Chinese e-commerce giant Alibaba gains approval to increase its stake in Singapore Post, French retailer Casino gets in behind small and medium-size suppliers, and leading US retailer Walmart helps its customers to save. Have a great day, and if you enjoy this issue, please share.
7-Eleven gets a bank In an effort to reach customers more easily, CIMB Thai Bank has opened its first sub-branch at a 7-Eleven in Bangkok. CIMBT plans to open another 20 – 30 sub-branches in the region with the convenience store chain next year.
usa & africa
Walmart “Prize Savers” The US retailer wants to help its customers build up their savings and has launched a “Prize Savers” programme featuring reloadable pre-paid debit cards linked to a free savings “vault.” Savers are entered into a monthly prize draw for every dollar saved in the vault.
Starbucks gets animated With the assistance of several veteran comedy writers, the US coffee chain has launched its first animated web series. “1st & Main”, which can be seen on Starbucks' digital platforms, features cartoon animals hanging out at a Starbucks store.
Young not so loyal Though still popular, loyalty schemes are at risk of alienating younger users, particularly the under 25s, according to new research. Point of sale marketing specialist Ecrebo found that while 91% of UK customers are members of loyalty schemes, this decreases to 83% for 16 – 24-year-olds.