Neither the looming Brexit nor the economic crisis in Greece intimidate Lidl, as the German discounter continues its expansion strategy with investments in both countries. Amazon appears to aim at deepening its presence in the trucking industry by building its own in-house "Uber for trucking" app, and Walmart has helped the blockchain technology along to enter the grocery aisles. Enjoy the read!
SuperValu brand enters China Irish food wholesaler Musgrave will sell SuperValu private label products directly to Chinese consumers on Alibaba's Tmall Global e-commerce platform. Meanwhile, Chinese legislature is working on a law to regulate and facilitate the booming e-commerce in the country.
Cashless payments in India In an attempt to minimise the effects demonetisation has on India’s e-commerce sector, Amazon India launched its online wallet Amazon Pay Balance. Although demonetisation has driven up credit card usage, there has been a drop in the overall value of those transactions, an indicator for declining consumer confidence in the country.
Lidl's investment push The German discounter received the green light for its new London headquarter. As Lidl pushes ahead with its three-year GBP 1.5 billion investment plan, the discounter also announced to create 5,000 jobs in London as part of its plans to open nearly 250 new stores in the city. In Greece, Lidl will continue its investment with EUR 100 million in 2017.
Spar takeovers Spar Austria expands in Croatia with a takeover of Rewe Group’s 62 Billa stores in the country, along with a logistics centre at Sveta Helena, at an undisclosed purchase price. On the Isle of Wight, 12 Spar stores have been taken over by the UK’s fastest growing convenience store chain, Central Convenience Stores.
The fun factor behind Tiger The Guardian is taking a closer look at the retail phenomenon Tiger, the Danish homewares retailer described as "Ikea on acid".