While Walmart increases its tie-ups abroad, rival Amazon is extending its partnerships back home, including a tyre arrangement with Sears. Quiet competitor Ebay, which will rake in a billion from the Flipkart sale, is planning to re-enter the Indian market. Enjoy the read, and don't forget to share.




Thursday, 10 May 2018





Hello ,

While Walmart increases its tie-ups abroad, rival Amazon is extending its partnerships back home, including a tyre arrangement with Sears. Quiet competitor Ebay, which will rake in a billion from the Flipkart sale, is planning to re-enter the Indian market. Enjoy the read, and don't forget to share.




Asia & Australia


Walmart wins ▪ The American retailer has purchased a 77% stake in Indian e-commerce website Flipkart for USD 16 billion, Walmart's largest ever investment. The deal, which now awaits regulatory approval, will see India's biggest online retailer valued at USD 20.8 billion when it closes.



Battleground India ▪ Ebay, which sold its Indian business to Flipkart last year, now plans to relaunch its platform in the country, with a focus on cross-border sales. Amazon has invested USD 387 million in its main India unit, in a bid to take on Flipkart. Japanese clothing retailer Uniqlo will debut with a store in Delhi in late 2019.



Australian deals ▪ Investors are to vote on European mall operator Unibail-Rodamco's proposed takeover of retail giant Westfield later this month in Sydney. The purchase, which covers Westfield's assets in London and North America, would create a USD 74 billion portfolio including 102 retail assets.




Europe


Price promise ▪ Following a pledge by Sainsbury's to cut prices of its everyday items once its merger with Asda is complete, Aldi and Lidl have said they will remain the cheapest grocers in the UK, even after the upcoming price cuts. The German discounters are also willing to undercut the new company in whatever product range it targets.



Meanwhile in management ▪ Former Tesco boss Ken Towle has become the new CEO of Nisa, an appointment that follows the Court's green lighting of the Co-op's takeover of the chain. Sainsbury's CEO Mike Coup snapped up almost GBP 1.8 million in share awards within days of the announcement of the supermarket's merger with Asda.



Clean control ▪ The Venice City Council has announced a ban on the opening of new takeaway shops in the city during the next three years, a move that comes as part of an "urban decorum" drive by Mayor Luigi Brugnaro. The ban is an attempt to keep the lagoon city clear of tourist rubbish.




US & Canada


Amazon partners up ▪ The e-commerce giant will be launching a new chain of showrooms across model homes by home builder Lennar, with whom it has joined forces to expand its smart home business. Amazon has also teamed up with Sears, which will install tyres sold by the Seattle-based company at its US auto centres.



Expanded offerings ▪ Walmart will start offering men's grooming products from shaving line Harry's, in a bid to appeal to the millennial market. Restaurant chain Panera has announced the America-wide launch of its delivery service, which will be available in 43 states online and via the store's mobile app.



Sale struggles ▪ Sporting goods chain Under Armour saw first quarter sales in international markets grow 27%, but faced difficulties in its home market, with North America sales dropping 0.4%. Wendy's said its sales in the period took a beating due to inclement weather, with meteorological conditions knocking 1% off same-store sales growth.




Africa


Bye bye beverages ▪ Zimbabwean drink lovers may want to stock up, as supplies of beer and soft drinks on the country's retail shelves are running out, with the nation’s biggest producer, Delta Beverages, warning that it is facing a critical shortage of raw materials, and only has enough supplies left for a further week of production.