A Chinese state-owned company has purchased 50% of New Zealand’s largest meat processer. Carrefour Belgium is set to introduce contactless payment. And Amazon trials fulfilment centres in Mexico. Also, find out why Indian e-tailers are starting to open off-line stores. All these stories and more are in today’s RetailUpdate.
asia & australasia
McDonald’s in India set to double The fast-food giant intends to open a new restaurant every week over the next five years. Expansion will be in mainly in the western and southern parts of the country, and they should reach 250 restaurants by the end of the year.
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Future looks secure for Tesco Thailand Despite intense pressure to reduce debt and last week’s sale of their South Korean unit, Homeplus, there seems little prospect of Tesco Thailand being sold or scaled back. The discount retailer says it is confident in the Thai market’s growth prospects and intends to continue expanding its network of stores.
Carrefour Belgium to use contactless payment In conjunction with Visa Europe and Worldwide, the French-based retailer will install contactless payment technology for most of its Belgian outlets by the end of 2015. This is the first time that a chain of Carrefour’s size has implemented such a measure in the relatively contactless-payment-shy country.
A new trend in Indian e-commerce It seems that in India, going “hybrid” is the latest trend in e-commerce. In an effort to differentiate themselves in an increasingly cluttered online world, e-tailers are setting up brick-and-mortar shops. An off-line presence also enables e-commerce companies to reinforce their online brand and gauge the market.