German discounter Aldi is speeding up in South Australia. US carmaker Ford partners with Alibaba, while JD.com broadens its presence in Silicon Valley. Across the Atlantic, French retailer Auchan and Macedonian chain Kam venture abroad and seize their opportunities in Eastern Europe. Enjoy the read and have a relaxing weekend.




Friday, 08 December 2017





Hello ,

German discounter Aldi is speeding up in South Australia. US carmaker Ford partners with Alibaba, while JD.com broadens its presence in Silicon Valley. Across the Atlantic, French retailer Auchan and Macedonian chain Kam venture abroad and seize their opportunities in Eastern Europe. Enjoy the read and have a relaxing weekend.

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Asia & Australia


Global partnerships ▪ Alibaba has signed a deal with Ford, which could allow the latter to sell cars on online platform Tmall. The Chinese giant is also ready to invest in Indian online grocer BigBasket. Rival JD.com doesn't stay idle and announced a collaboration to work with promising US start-ups.



Toy victory ▪ Danish toymaker Lego has had its first copyright win in China, in a case against two firms selling products near-identical to its range. Copies of Lego’s colourful bricks and figures have hampered the firm’s attempt to gain a share in the country’s US$ 31 billion toys and games market.



Aldi pushes ahead ▪ The German discounter has just opened its 25th store in South Australia, less than two years after the retailer opened its doors in the state. The company's long-term goal is to run up to 50 stores, with around 900 new permanent jobs to be created.




Europe


Cross-border expansion ▪ French retailer Auchan, which is in the process of creating a new management committee in its home country, has acquired the OK chain in Romania. Macedonian major Kam is extending its hard-discount store network into Bulgaria and opened the first outlet in Sofia.



Cutting costs ▪ More than 800 Asda jobs are at risk as the Walmart-owned supermarket chain looks for ways to reduce spending.The move is understood to be an attempt to compete with discounters Aldi and Lidl on price and follows job cuts at Sainsbury's and Tesco.



Speeding up ▪ Amazon is getting serious about its FMCG business in Europe. The online powerhouse is accelerating the development of its private label lines, with new product launches in recent weeks. All of them will be available for purchase exclusively by Prime members.




USA & Canada


Strong performances ▪ Following promising Q3 results, discount chain Dollar General plans to open 900 new stores and remodel 1,000 existing sites. Also enjoying better than expected third-quarter figures is Lululemon, prompting the Canadian athleisure brand to raise its outlook.



Exploring options ▪ Reporting a substantial loss in quarterly sales, discount store operator Fred’s is considering to sell some of its assets. The chain operates about 600 general merchandise and pharmacy stores across the US and feels the pressure from the growing possibility of Amazon’s entry into the business.



Management reshuffles ▪ Ahold Delhaize appointed Kevin Holt CEO of its newly minted USA division, which will serve as the parent company for all its companies across the States, including its local brands. Procter & Gamble has named Gary Coombe as the new head of Gillette and its grooming business.




Weekend reads


Crazy contest ▪ US cities are selling their souls to become Amazon's second HQ site. The Guardian takes a closer look at the troubling competition and comes to the conclusion that the online behemoth is running its own hunger games and all the players will be losers.



Mall monitor ▪ To help its tenants fight the ever growing decline in foot traffic, US management firm Jones Lang Lasalle has developed and will soon start using Pinpoint, a new 'geofencing' tool to track shoppers in malls. The tool will show the movements of shoppers in real-time.