Hello, dear reader,
US big-box retailer Walmart is considering whether to buy another online company and Amazon retaliates with mulling over the acquisition of a wholesaler. Chinese heavyweight Alibaba proves again that it is a player to be reckoned with by raising the bid for US company MoneyGram. Get informed about the latest deals and feel free to share the news.
USA & Canada
.. and brick-and-mortar
Amazon has reportedly expressed interest in expanding its commerce ambitions by buying wholesale retailer and Costco-rival BJ's Wholesale Club. While the online giant still has a pretty small share in the food segment, its US grocery sales surged a mouth-watering 30% in Q1.
Asia & Australia
Alibaba fights for US firm
The e-commerce behemoth’s e-payment arm, Ant Financial, appears to have finally won the battle to acquire US-based cross-border payment service MoneyGram, after it increased its initial bid of US$ 880 million to US$ 1.2 billion. The deal is expected to shake up the international payments landscape.
Ebay warns Australia
The California-based e-commerce multi says it will likely block Australian shoppers from buying overseas products if the government pushes ahead with plans to apply GST on all goods sold through the online marketplace. Australia became the first country in the world to introduce such a law change.
X5 Retail Group, one of the largest food retailers in Russia, is in talks to open up to 1,000 new stores, mostly through franchising, over the next three years. The company has signed an agreement to 'encourage the development of retail trade'.
British retailer Sainsbury's is ramping up its efforts to integrate the Argos and Habitat businesses. For the former it announced that it plans to transform 60 stand-alone stores to the digital format and for the latter to open ten Mini Habitats this year.
Businesses need to take advantage of the potential benefits of mobile payment, therefore EuroCommerce, a group that represents the retail sector across Europe, has published a new guide for retailers providing information on this technology.
No online food in France
French internet users prefer to shop at supermarkets like Auchan, Carrefour or Leclerc for their groceries and not online. Just 5% said that their purchases were made digitally, according to Promise Consulting.