Hello, dear reader,
The e-commerce juggernaut that is Amazon is gobbling up most of the industry's online growth, and brick-and-mortar stores are closing down at a rapid speed in the US. In India, a merger between online majors Flipkart and Snapdeal is pushed to counter the mega retailer, while Australia Post is eager to cooperate. Read some insightful articles about the retail nemesis and have a productive start to the week.
Asia & Australia
Japan's Softbank wants to merge two of India's largest e-commerce businesses, Snapdeal and Flipkart. The former is already calming down its employees. Meanwhile, Amazon has plans to spend GBP 4 billion to become the country's foremost online retailer.
Providing delivery options
Australia Post is set to work with Amazon when the global online giant officially opens in the country in the coming year. Its large network, which already helps deliver online purchases across the country, will reach out to the e-commerce giant to provide much-needed courier and postal services.
UK food for China and the Middle East
Waitrose has become the first British supermarket to sell English sparkling wines on Tmall, Alibaba's online marketplace, while fellow retailer Marks & Spencer will open a food-only store with around 2,000 items in Dubai this July.
Benckiser brands in demand
US spices maker McCormick, Ajinomoto of Japan and Unilever are reportedly interested in some of the brands, which are being offloaded by Reckitt Benckiser. The British consumer goods giant explores a sale of its food division over concerns of its Mead Johnson acquisition.
German discounter Lidl is reinforcing its policy on sustainable fish in Portugal, where it was the first chain to stock sustainable origin cod by the end of last year +++ French retailer Auchan plans to invest more than US$ 356 million in Russia this year, aiming at opening new stores and upgrading IT systems.
Turkey giant reduces staff
Ranjit Boparan, the food tycoon who owns turkey producer Bernard Matthews, is about to cut 114 jobs at its Norfolk headquarters. Employees are 'felt very let down' as Boparan bought the company last year in order to save jobs.
USA & CANAda
Walmart takes on Kroger
The two US retail giants have been aggressively lowering prices to better compete in the grocery market and Walmart seems to be winning the price war. It's groceries cost about 4% less than Kroger's, according to a recent price check by Barclays. However, the latter is cheaper in the 'fresh' category.
Iconic travel brand Samsonite has acquired Colorado-based online retailer Ebags for US$ 105 million. The deal is part of Samsonite's strategy to grow e-commerce business, and strengthen its existing digital capabilities.
Did you know that Jeff Bezos originally wanted to give the company the magical sounding name "Cadabra" or that the company got started out of a garage? Business Insider collected fascinating facts you probably didn't know about Amazon.
Improved Adidas shoe
The German sport wear giant unveiled Futurecraft 4D, its latest 3D-printed runner, which seems to be a huge improvement compared to the previous model and better suited for mass production. The company plans on selling 5,000 pairs.