Hello, dear reader,
Watch out Australia - Amazon has officially confirmed that it is heading Down Under and is set to become a game-changer in the country's retail landscape. Over in India, new alliances surface in the competitive grocery market. And is a cashless society just around the corner? Read about all this in today's issue and feel free to share the news.
USA & Australia
Walmart continues to make acquisitions in Amazon's turf, but this time the target is a Web domain, shoes.com, which it purchased via its unit ShoeBuy.com for US$ 9 million. Meanwhile, Ahold’s US’s e-commerce division Peapod has teamed with meal planning tech company DinnerTime.com.
Office Depot stays focused
Aiming to shed all of its international businesses and concentrate on the North American market, the office supply retailer has entered a deal to sell its operations in Australia and New Zealand to global investment firm Platinum Equity.
Offloading or including
Tesco has unloaded its opticians business to Vision Express in the latest attempt to return to its former glory by re-focusing on grocery. Competitor Sainsbury, on the other hand, is aiming for a slice of the casual sports clothing market through a partnership with US brand Russell Athletic.
Private label tie-up
Spanish retailers Dia and Eroski have entered into an agreement to create a new company, Red Libra Trading Services, which will focus on the joint purchasing of own label products. Sales and marketing policies will remain independent of each other.
Asia & South Pacific
Testing ground Seattle
It is the home town of Amazon and laboratory for the company's bricks-and-mortar experiments. But the online powerhouse is not the only global brand using the city as a testing ground. Innovation is threaded into Seattle’s DNA. The Guardian explains.
East African survival strategies
Massive debts, dwindling sales and rising competition have forced Kenyan retailers Nakumatt and Uchumi to rethink their regional strategies. According to analysts, both chains are operating on shaky ground and must sort out their problems with suppliers.