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The war of the US retail giants is taking another turn. Big-box retailer Walmart makes its free two-day delivery service for members available to all its customers. Rival Amazon invests more than one billion dollars to build an air hub in Kentucky to support its fast deliveries. Read about the competitive strategies of these two companies and have a great start to the day.
Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
Ocado on the rise
The British online grocer has posted a robust sales increase for 2016, reaching a total of GBP 1.27 billion and says it is busy having talks with potential overseas clients. The company is also keen on experimenting with robots in partnership with academic institutions in Germany, Italy and Austria.
Morrisons buys plant
The British supermarket operator has announced the acquisition of Farmcare’s potato packhouse in Scotland, as part of a supply agreement. The company controls 40,000 acres of land in the UK, where it grows fruit, vegetables and potatoes.
USA & LATIN AMERICA
Optimising delivery options
Walmart counters Amazon Prime with the decision to end its two-day delivery service for members in favour of free-shipping for orders that hit a US$ 35 price threshold. Meanwhile, its Seattle-based rival supports its growing fleet of planes by building a new air hub near Cincinnati, investing US$ 1.49 billion into the project.
Killer quarter for Apple
The US tech company returned to its winning ways and beat analysts' expectations thanks to record iPhone sales. Revenues rose to US$ 75.9 billion in Q1, which marks a turnaround from the last quarter, when the company reported its first drop in revenue and profit in 15 years.
Developments in Kenya
French retailer Carrefour has extended its delivery network to suburban Nairobi. Shoppers will pay more for the service if they are situated further out from the city. Supermarket operator Uchumi says that its net loss has narrowed to US$ 25.7 million, after having closed some outlets and selling assets.
Negotiations in Jo'burg
South African retail giants Steinhoff and Shoprite say that they continue to have exclusive talks about a possible merger. This follows the announcement in December that the companies were planning to create an entity called Retail Africa.