The American e-commerce titan is active on all fronts - in the US, it offers new perks for its members, in Germany, it pushes its fresh delivery service and in India, Amazon is reportedly in talks to buy online grocer Bigbasket. Its worldwide competitors, however, are getting ready for the battle. Enjoy the read and feel free to share.




Wednesday, 14 June 2017





Hello, dear reader,

The American e-commerce titan is active on all fronts - in the US, it offers new perks for its members, in Germany, it pushes its fresh delivery service and in India, Amazon is reportedly in talks to buy online grocer Bigbasket. Its worldwide competitors, however, are getting ready for the battle. Enjoy the read and feel free to share.

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Asia & Australia


Takeover attempts ▪ In a bid to gain ground in the fast-growing Indian market, Amazon is showing interest in acquiring online grocer Bigbasket. The talks are at an early stage. Meanwhile, competitor Alibaba plans to buy into China’s largest package drop-off and pick-up station provider Sposter through its logistic unit Cainiao.



Fighting Amazon in India ▪ In response to the ever-growing presence of the US giant, the country's online leader Flipkart has reached an agreement to buy troubled marketplace Snapdeal. But the anticipated acquisition could face hurdles. Flipkart also plans to roll out an all-in-one service app.



... and Down Under ▪ Wesfarmer's discount department chain Kmart will slash prices by as much as 20% on selected items across its entire range. Its managing director, Ian Bailey, is ready to battle with Amazon when it launches in Australia later this year and has a simple message: Bring it on.




USA & Canada


Sears continues to struggle ▪ In a bid to reduce costs, the ailing department store operator is cutting 400 jobs at its corporate offices. Its online boss is also set to step down. Over in Canada, the chain has been in slow decline for years and has now warned about its financial future.



Talks terminated ▪ Negotiations between Saks Fifth Avenue owner Hudson's Bay and debt-laden upscale retailer Neiman Marcus regarding a potential combination have come to an end. The latter reported another quarterly loss this week but insists it still has rescue strategies in place.


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Jet.com axes Costco label ▪ Walmart’s e-commerce arm will stop offering 'Kirkland Signature', the private label of competitor Costco. Jet.com carried nearly 230 Kirkland products and was the third-largest online seller of the brand. The decision, however, could be a setback for both companies.



Perks for Prime members ▪ Amazon is giving shoppers another reason to sign up for membership by launching a new programme, called Amazon Prime Reload. It allows members to earn a 2% bonus every time they reload their Amazon gift card balance with cash.




Europe


Fresh delivery across Berlin ▪ Only weeks after its launch, Amazon has announced its Fresh service (in German) is now available to all Prime members in the German capital and Potsdam. The online giant has also extended its range to around 100,000 products.



Sustainability matters ▪ Danish beer giant Carlsberg is committed to reducing its carbon footprint with a push to achieving zero emissions from its breweries by 2030. Belgian retailer Colruyt has similar goals and wants to convert 234 of its outlets into energy-efficiency stores.




Africa


Negotiations with Nakumatt ▪ Unilever is reportedly in talks with the ailing Kenya-headquartered supermarket operator to restore supplies to the retailer. The Anglo-Dutch consumer good giant earlier stopped deliveries, citing non-payment. Nakumatt is awaiting a US$ 75 million cash injection.



Private label problems ▪ The chairman of Soweto Brands, a manufacturer of household goods, has accused South African retail giants Pick n Pay, Shoprite, Massmart and Spar of aggressively pushing private label products, making it difficult for smaller retailers in townships to compete on price.