For the first time ever, Amazon reveals how much its Prime and other subscription services make — and it’s a lot. Also, Alibaba takes its battle with intellectual property agencies, that it believes file fake claims, a step further and takes one of them to court. Have a great day, and if you enjoy this edition, please share.
BJ’s Wholesale for sale
The Massachusetts-based retailer, which owns stores and petrol stations in 15 states, could be changing ownership. It has been reported that the company’s owners, Green & Partners and CVS Capital Partners Ltd, have hired investment bankers to advise them on options.
Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
ASIA & AUSTRALIA
Alibaba heads to court
Following its call to boycott several intellectual property agencies, the e-commerce giant has filed a lawsuit against Hangzhou Wangwei Technology Co for making false claims against its vendors. Alibaba is demanding compensation of US$ 160,000 and an open apology.
A2 Milk is a hit in China
The Australia-based company is enjoying strong demand for its infant formula in the country and saw a boost in sales in the December quarter, largely helped by buoyant sales during "Singles Day." Revenue for A2 grew in China by a whopping 348%.
TRENDS TO WATCH
Customer loyalty in crisis
According to the Accenture report, “Seeing Beyond the Loyalty Illusion: It’s Time You Invest More Wisely,” which gauged the experiences and attitudes of consumers worldwide, many organisations are throwing away billions of dollars on loyalty schemes that are not effective in the digital age. The study found that loyalty points are sitting unused in their millions and 78% of US consumers are retracting their loyalty at an alarming rate.