Again, Chinese e-commerce juggernaut Alibaba has bypassed freight forwarders to let customers book shipping container space directly, while US big-box retailer Walmart has bought another online company to better compete with its arch-rival Amazon. Get informed about the latest developments in our industry and have a great weekend.
ASIA & AUSTRALASIA
Tesco enters Pakistan
The British retail giant has partnered with Karachi-based Alpha Supermarket to open 50 Express Stores over the next three years as well as flagship stores in Karachi, Lahore and Islamabad. Reports have it that the company has already invested US$ 2 million.
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
Morrisons seeks suppliers
After it found out that only 52% of what Britons eat comes from the country's farmers, the supermarket operator has started an initiative to recruit more than 200 new UK food suppliers within the next years to cut the reliance on 'foreign' products.
Walmart tackles Amazon
In its ongoing quest for a competitive edge over nemesis Amazon, the US big-box retailer has acquired another online retailer, Moosejaw, for roughly US$ 51 million. The company is also set to roll out its recently launched 'Scan and Go app' for Android users in more stores later this year.
Walgreens Boots Alliance’s deal nears
The Federal Trade Commission is a step closer to approving the US holding company’s acquisition of Rite Aid and the sale should be approved in two to four weeks. The main obstacle has been coming to an agreement on the number of Rite Aid stores to be divested to Fred’s Pharmacy.
Preparing for Lidl
Yesterday, we learned that the German discount powerhouse will launch in the US ahead of schedule. German Retail Blog ponders whether the company might mull over takeover plans to join the US big league and catch up with rival Aldi, while the Washington Post takes a closer look at its concept.