Amazon is pulling out all stops to lure customers across the world to participate in the online giant's biggest sale event of the year. Aldi reveals ambitious plans for the Lone State and AS Watson steps up its expansion plans in Britain despite Brexit concerns. Get informed and feel free to share.




Tuesday, 11 July 2017





Hello, dear reader,

Amazon is pulling out all stops to lure customers across the world to participate in the online giant's biggest sale event of the year. Aldi reveals ambitious plans for the Lone State and AS Watson steps up its expansion plans in Britain despite Brexit concerns. Get informed and feel free to share.

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USA


Targeting bargain hunters ▪ With an increased focus on the grocery category on its main sites across Europe, Amazon started its third annual Prime Day. China, India and Mexico participate for the first time in the event, while US competitors are taking steps to steal some of the online giant's thunder.



Pushing forward ▪ Ahead of an expected move into Texas by rival Lidl, Aldi US intends to spend more than US$ 33 million on renovations in Houston and US$ 66 million on remodels in Dallas. Aldi started its operations in the Lone State in 2010 and has just opened its 100th store.



Termination talks ▪ Abercrombie & Fitch has quit negotiations about a potential sale. The company was reportedly approached by several bidders. Meanwhile, J.C. Penney's CFO Edward Record is ending its employment relationship with the company to "pursue other interests".




Europe


Focus on expansion ▪ Spar International enters Cyprus through a partnership with the Ermes Group and will introduce its banner across the island next year. Over in Britain, Hong Kong conglomerate AS. Watson is set to open 30 more Superdrug stores, 45 Savers outlets and 13 The Perfume Shop sites, creating 1,000 jobs.



Okey experiments ▪ Following other hypermarket operators, the Russian big-box retailer is testing Scan&Go checkout solutions in one of its Moscow stores. It might be innovative, but in terms of strategy, LZ Retailytics considers it nothing more than a publicity stunt.



Dico TuoDì on offer ▪ The family-owned Italian discount supermarket chain has been put up for sale, with a number of parties said to be interested. The decision comes after the business posted a loss and failed to sell 80 stores. The chain operates 400 stores with around 4,000 employees.




Asia & Australia


Amazon gets nod in India ▪ Armed with the government’s approval to retail food products in the country, the e-commerce giant can now potentially invest US$ 500 million in building a full-fledged grocery business. Existing online platforms such as BigBasket and Grofers are in for a challenge.



More partnerships ▪ US online payment service start-up Stripe has teamed up with Chinese digital payment providers Alipay and WeChat Pay to allow overseas merchants using its platform, and in Japan, Seven & i Holdings and mail-order office equipment supplier Askul Corp announced a tie-up between their online businesses.



Australian activities ▪ Wholesaler Metcash has appointed former Tesco executive Jeff Adams as its next CEO, succeeding Ian Morrice. Meanwhile, Aldi is investigating "with utmost urgency" reports that kitchen taps it sold last month were contaminated with lead.




Sustainability matters


Dedicated to be fair ▪ Amid the controversy around Sainsbury's, competitor Waitrose strengthens its commitment to Fairtrade produce by making all of its own-label tea Fairtrade certified by October 2017. The Co-op recently made the switch to 100 per cent Fairtrade cocoa for over 200 products



Traffic light on purchases ▪ Fancy your supermarket receipt assessing the healthiness of your trolley ? Well, a new proposal says the “traffic lights” system – widely adopted on food and drink packaging – should be migrated from individual items to entire receipts to help people eat better.