Hello, dear reader,
On the heels of Kaufland's upcoming entry into the Australian market, incumbent supermarket giant Woolies has announced that it will join forces with mighty European buying group EMD. The competition Down Under continues with Costco, another foreign powerhouse, claiming to be considerably cheaper than the local leaders. Have a positive start to the week ahead.
Asia & Australia
Costco fuels competition
The US warehouse retailer sees itself 'in pretty good shape' in Australia and says it is 28% cheaper on a basket of groceries than rivals Woolworths or Coles. Experts claim that Costco hasn't gained a strong identity in the country so far.
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Samsung Pay pushes cashless
Sweden will be the first Nordic country to see the mobile payment service of the South Korean tech giant rolled out, with support from card providers and banks. Just last week, Samsung Pay went live in India in collaboration with five Indian banks and payment company Paytm.
USA & South America
Amazon gets bi-lingual
The online mega retailer hopes to attract more Spanish-speaking shoppers by adding the language to its US website. The move marks the first use of a new language since the site was launched more than 20 years ago.
Weis stays strong
The Pennsylvania-based retailer has ended its fiscal year on a high note with strong gains in sales and earnings during Q4 thanks to price investments and an improved supply chain. Weis acquired 44 stores and generated more than US$ 3 billion in sales in 2016.
And the winner is ...
US retailer Wegmans, Publix and Whole Foods Market have all been named on the '100 Best Companies to Work For'-list. They have been on this list for the past 20 years. Check out why they are employee-friendly.