The big retail players continue to jostle for position in the Chinese market. First up, the world’s biggest retailer, Walmart, has launched its flagship online store via JD.com. E-commerce heavyweight Alibaba wasn’t resting on its laurels either, investing in food delivery service Ele.me to help retain its spot at the top. Enjoy the read and have a great weekend.




Friday, 26 May 2017





Greetings!

The big retail players continue to jostle for position in the Chinese market. First up, the world’s biggest retailer, Walmart, has launched its flagship online store via JD.com. E-commerce heavyweight Alibaba wasn’t resting on its laurels either, investing in food delivery service Ele.me to help retain its spot at the top. Enjoy the read and have a great weekend.




Asia & Australasia


Online milestone ▪ Walmart is celebrating the launch of its flagship online store on JD.com, a year after the two heavyweights formed an alliance. More than 1,700 of its most popular items with Chinese consumers will be available on the platform, as the retailer makes its ambitions in the region known.



Alibaba backing Ele.me ▪ The e-commerce giant is leading a US$ 1 billion investment round in food delivery startup Ele.me, bringing the total value of the service to US$ 5.5 billion - US$ 6 billion. The boost helps the retail behemoth remain competitive against rival Tencent in the lucrative on-demand space.


ADVERTISEMENT

Drink the rainbow with EXBERRY® Colouring Foods!

New drink concepts need to rely on more than taste alone. Colour is crucial to gaining consumer preference. Additionally, consumers demand recognisable and plant-based ingredients. Go for naturally coloured drinks with EXBERRY® Colouring Foods, made purely from fruits, vegetables and edible plants.

Read more about EXBERRY® here.
 


Kraft sidelined ▪ The iconic brand is set to be gradually phased out in Australasia. While its products will remain on supermarket shelves, the Kraft label will be removed following a series of takeovers and demergers and resultant 'licensing changes'.




USA


Pickup progress ▪ AmazonFresh Pickup has launched on its home turf of Seattle. The pilot is available to Amazon Prime members who will have their groceries ready for pickup with just 15 minutes notice. The e-commerce giant announced the initiative in March, but until now it has only been available to employees.



Supermarket comeback ▪ Walmart is enjoying big gains in the grocery sector, re-capturing a bigger share of the US$ 800 billion US market. A new report has the retailer cornering more than 20% of the market thanks to lower deflation and heavy discounting.


ADVERTISEMENT
Banner
 


Best Buy surprises ▪ The electronics giant beat out expectations to start the year with a bang, with sales up 1.6% for the quarter, against the decline most analysts were predicting. The company is pointing to strong perfomance in gaming and mobile as one driver of its recent success.




Europe


Going green ▪ Tesco is eclipsing its carbon emissions commitments by converting 1,200 stores to Honeywell refrigeration systems. The change will reduce its carbon footprint by up to 40%, outstripping its initial 26% target. The grocer is also trialling a phase-out of plastic bags in a handful of stores, which, if successful, could see them phased out completely.



X5 goes East ▪ The Russian retailer is making good on its plans to expand into the country’s eastern markets, with the launch of its first Pyaterochka store in the autonomous Yamal-Nenets region. The company said current conditions could allow for the opening of another 80 to 90 stores in the area.



Cheers to Aldi ▪ The discount supermarket chain has been crowned the best place in the UK to buy beer, wine and spirits. The German-based chain fended off stiff competition from upmarket challenger Waitrose to take out the accolade.




Digital Developments


Better late than never ▪ Several major banks in Hong Kong are incentivising customers to pay for goods via Samsung smartphones, after the company launched Samsung Pay in Hong Kong. The perks are seen as necessary, as the tech giant is a latecomer in the highly competitive local mobile payments market.



Produce challenge ▪ Just 9% of online shoppers around the world will buy fresh fruit and vegetables online, according to recent research. While one in five shop online, the vast majority will buy packaged foods rather than fresh.