Recent retail figures from Kantar reveal that Sainsbury's has overtaken Asda and is now No. 2 in Britain, the growth of German discounters Aldi and Lidl, however, seems to be unstoppable as they grab a record share of the UK-grocery market. Over in the US, Amazon is still obsessed with delivery drones and has described how it wants them to fly.
asia & australia
Shake-up at Myer goes on Just one day after Australia's largest department store operator confirmed plans to cut permanent staff, it has announced plans to axe around 100 brands across men’s, women’s and children’s clothing and homewares to make way for new labels.
Revenue jump for Baidu The Chinese search engine provider added 38.3 % in revenue in the second quarter from a year ago but profit growth has eased due to heavy spending on mobile services.
europe & Middle east
Aldi and Lidl grow strong in Britain The Co-operative Group has returned to growth and Sainsbury's has overtaken Asda to become the UK’s second-biggest supermarket, according to the latest figures from Kantar Worldpanel. However, takings at their German rivals soared, giving Lidl and Aldi a combined market share of nearly 10%.
Card fees under scrutiny Shoppers in Britain could enjoy lower prices next year as the government has announced plans to cap credit and debit card fees charged by banks to businesses. Retailers will be expected to pass on any savings.
Sarona market opens in Tel Aviv Four years after the founding of the Sarona market was announced, Gindi Holdings opened the culinary market in Tel Aviv's Sarona district on Tuesday. It will contain 89 carefully selected businesses.
Diageo splits with Heineken The British spirits maker is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia. Diageo's move in Sabmiller's natural heartland makes a comparison between the two beverage providers interesting.
Dunkin moves to SA US restaurant company Dunkin’ Brands, owner of Dunkin Donuts, plans to open 50 speciality ice-cream shops under the banner Baskin-Robbins in South Africa over the next five years.