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Latest figures from Kantar Worldpanel reveal that there is no slowdown in the rise of the discounters in Britain, with Walmart daughter Asda bearing the brunt of the ongoing price wars. Chinese online powerhouse Alibaba ties up with BASF and Tourism Australia while more US retailers are on the hunt for top execs.
asia & australia
Australian announcements Supermarkt retailer Coles has been told to repay more than AU$ 12 million to suppliers who were forced to pay extra rebates +++ Swiss chocolate company Lindt & Sprüngli is set to open its first Queensland store in Brisbane.
Relief for Nestlé India The Swiss multi has been allowed by the Bombay High Court to export Maggi noodles, but the product will remain off shelves in India.
Convenience retailers invest heavily New figures released by the Association of Convenience Stores show that convenience store owners have invested GBP 177 million in their businesses between February and May as they battle win customers from the supermarkets.
Ikea brings fantasy to life The Swedish furniture icon, which is soon opening a big store in Missouri with the largest rooftop solar array, is impressing customers with its wireless charging. It's like having magic furniture, according to a Gizmodo review.
Tiny robot answers questions Japanese Toymaker Tomy will launch a small robotic device this autumn that can provide helpful answers to spoken questions by using information from the Internet. In a promotional video, a housewife is seen asking the robot in the kitchen, “What do I cook for dinner?”