A day after Alibaba makes its major offline investment, one of its new partners is fending off rumours that its biggest online foe has approached it to work together in Europe. Chinese e-commerce continues its unstoppable run, this time with Tencent celebrating hitting the half-a-trillion mark. Enjoy the read and feel free to share.




Tuesday, 21 November 2017





Hello ,

A day after Alibaba makes its major offline investment, one of its new partners is fending off rumours that its biggest online foe has approached it to work together in Europe. Chinese e-commerce continues its unstoppable run, this time with Tencent celebrating hitting the half-a-trillion mark. Enjoy the read and feel free to share.




Europe


Deal or no deal ▪ French retailer Auchan has shut down speculation that Amazon approached it about working together, saying the e-commerce giant’s ‘industrial approach’ is at odds with its own. Italian food packaging company Sirap is acquiring two new companies in the UK and Spain.



War on waste ▪ Belgian retailer Delhaize has promised to redistribute at least half of all unsold food to people in need by 2020. Fellow food company Norgesgruppen aims to halve its food waste by 2025, using price cuts, rearranging products and in-store awareness campaigns to help it get there.



Cool runnings ▪ UK grocer Sainsbury’s is looking to Formula 1 technology to improve its refrigerated sections. It will use aerofoils to keep shoppers warmer when walking down chilled aisles. Swedish grocer Coop has contracted Viessmann for state-of-the-art refrigeration in its new Halmstad outlet.




USA


Wooing suitors ▪ Swiss giant Nestle is reportedly among those considering buying organic food company Hain Celestial, valued at over US$ 4 billion, as it looks for ways to corner the in-demand health food market. Walmart has welcomed SAS Retail into its exclusive invite-only provider program.



Electrifying transport ▪ Retailers keen on cleaning up their transport fleet are eyeing Tesla’s newest offering, the Tesla Semi. The world’s biggest retailer, Wal-Mart, ordered 15 electric trucks to be piloted across the US and Canada, while Canadian grocery chain Loblaw has ordered 25 of the vehicles.



Christmas madness ▪ Macy’s New York flagship store is taking appointments for shoppers to sit on Santa’s lap for the first time ever. Starbucks’ iconic Christmas cups have the pundits analysing the meanings behind the designs once again. This time conservatives say they ‘promote homosexuality’.




Asia & Australia


China’s internet kings ▪ Tencent has become the country’s first tech firm to be valued at over US$ 500 billion, beating rival Alibaba which at US$ 474 billion takes second place. JD.com is investing US$ 44 million in Vietnamese online retailer Tiki.vn, to help it compete with Alibaba’s operations there.



Partnerships of convenience ▪ Japanese convenience chain FamilyMart is teaming up with airline JAL for an out-of-this world promotion, featuring an artificial ‘shooting star’. 7-Eleven in Malaysia is working with MOLPay to enable 11Street customers to pay at any of its stores across the nation.



Woolworths backtracks ▪ The Australian grocer has gone back on its word and will now start stocking Coca-Cola’s new No Sugar product. For months the supermarket said it saw no need to stock the new drink, but has changed its mind citing customer demand.




Black Friday views


Not for Britain ▪ The Guardian says the merits of bringing Black Friday to the UK are minimal and while the traditional retail sector may be keen to capitalise on the hype, if they want to succeed they need to offer shoppers experiences rather than focusing on product.



Just hype ▪ This article claims consumers should be aware that Black Friday and Cyber Monday are nothing more than a media trap. It is not the biggest shopping day of the year and for most consumers the deals aren’t as good as at other times during the year.