Hello and good day!
Google moves against Amazon and Ebay by adding a "Buy Now" button to its search results sparking speculation about whether it can outsell the e-commerce giants. Australian online retailer Klika is set to expand worldwide, Alibaba faces new trouble and a number of companies revealed their latest results. Read these stories and a lot more in today's issue.
asia & south pacific
South African tycoon acquires UK retailer An investment firm controlled by South Africa’s fourth-richest man, billionaire Christo White, has agreed to pay GBP 780 million for a majority stake in the UK fashion retailer New Look.
Coop and One Stop launch programmes The Co-operative Group, which has just been voted best convenience retailer, is to re-launch its membership programme with the aim to engage its customers +++ One Stop, which runs over 700 convenience stores, has started to roll out remote systems access to its franchisees.
USA & canada
Bird flu virus in 15 US states Rembrandt Enterprises, one of the largest egg producers in US, says it will destroy 2 million egg-laying hens in Minnesota due to a deadly bird flu virus. The outbreak at the Minnesota chicken farm brings the total of affected birds to 35 million in 15 states.
items of interest
Malls still matter Despite significant changes in society and online commerce, the shopping mall remains the primary shopping destination in America according to JLL’s Shopping Preferences Survey. Real-estate fund managers are betting that some will even prosper, if they can lure the right kind of consumer.