Investors welcome Walmart's move to simplify its operations to maintain growth and keep Amazon at bay. German discounters Lidl and Aldi increase their involvement in Ireland. Alipay succeeds overseas and Alibaba's Jack Ma celebrates Michael Jackson style. Enjoy the read and feel free to share.




Wednesday, 13 September 2017





Hello, dear reader,

Investors welcome Walmart's move to simplify its operations to maintain growth and keep Amazon at bay. German discounters Lidl and Aldi increase their involvement in Ireland. Alipay succeeds overseas and Alibaba's Jack Ma celebrates Michael Jackson style. Enjoy the read and feel free to share.




USA & Canada


Fighting Amazon ▪ Walmart consolidates its business divisions from six to four in the US with the aim to respond more quickly to changes and compete better with online giants. Fellow retailer Target addresses digital developments with an 'innovative spirit' in partnership with BCG Digital ventures.



Agree to disagree ▪ US supermarket giant Kroger has dropped a federal lawsuit against Lidl that accused the discounter of copying its private brands. The lawsuit and all claims asserted were dismissed with prejudice, meaning the case may not be refiled. Each side agreed to bear its own fees and costs.



A peek at Pottery Barn ▪ The flagship of the home furnishing giant has finally opened in New York. It emphasizes local partnerships and exclusive products. The store is the first Pottery Barn location to feature the retailer's innovative design initiative. Here are some images.




Europe


Irish commitments ▪ Aldi and rival Lidl are continuing to push ahead in Ireland. Aldi has added more than EUR 1 billion to the country's economy last year and Lidl has launched its first 'Best of Ireland' promotion. Both portray themselves as local players, which is part of their success, says LZ Retailytics.



Alipay arrives in Scandinavia ▪ Alibaba's popular mobile payment service continues to gain a foothold in Europe where it was first launched last year. Earlier this month, it entered Norway and will soon be accepted by Finnish department-store chain Stockmann, where the service will attract more Chinese tourists.


ADVERTISEMENT
Banner
 


Colruyt goes green ▪ In a bid to reduce its CO2 emissions, the Belgian retail group is set to open a store that will not be powered by fossil fuels but will run entirely on electricity. The residual heat from the refrigeration plant will be used to warm the inside of the outlet under the Okay banner.




Asia & Australia


Improving delivery options ▪ Australian supermarket giant Woolworths is launching a national ‘pick up’ collection service across 970 locations. Meanwhile, online wine retailer Vinomofo has entered a partnership with Australia Post to offer same-day delivery in metropolitan areas.



Family dispute at Lotte ▪ Shin Dong-joo, the eldest son of Lotte Group’s founder, wants to sell most of his stakes in four Lotte affiliates.The move underscores his opposition to the South Korean conglomerate's plan to transition to a holding company.




Weird and Wonderful


Facial recognition ▪ Goodbye fingers, hello faces. With the introduction of FaceID, Apple confirmed speculation about its next generation of on-device authentication when it comes to paying for things - with facial recognition. Unfortunately, the system failed at its launch in California.



Move over, George Clooney ▪ ... make way for Humberto, Esteban and Luis. The three Colombian farmers are the latest pitchmen for Nespresso, in an ad campaign praising the benefits of sustainably sourced coffee. It is Nestlé's latest effort to appeal to consumers' growing appetite for ethically sourced products.



Ma's thriller ▪ At a party commemorating Alibaba's 18th birthday, founder Jack Ma performed an elaborate dance number inspired by the king of pop, Michael Jackson. Chinese e-commerce mogul has reason to celebrate. His company's stock has recently passed the US$ 400 billion mark.