Another busy week for the Chinese grocery market, with German discounter Aldi finally closing in on its shores. Over in Europe, Tesco has started selling Chinese-produced Cabernet Sauvignon, opening the doors in Britain to this fast emerging wine-making nation, while Alibaba seeks to source US products. Enjoy the read and feel free to share!
Asia & Australia
Aldi has arrived in China
Now it is official - the German retail heavyweight has opened its online shop on Tmall with a glamourous ceremony during a fashion show. The exclusive partnership is the first time the retailer has entered a new market via an online platform. Both companies are keen "to explore new retailing opportunities together." Here are some pictures of the show.
Alibaba's Jack Ma will use the Detroit trade fair, to get more US-produced goods on its platform for its lucrative 600 million Chinese customers. Meanwhile, competitor JD.com plans to open millions of convenience stores across China in the next five years, with half of them located in rural areas.
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South Korean mobile e-commerce company Ticket Monster has announced a major cash injection to the tune of US$ 115 million. The funds will help the independent player keep pace in a highly competitive industry.
Coles slows down
Parent company Wesfarmers blames fierce competition and lower prices in the fight for customers for the nearly flat sales at its supermarket unit in the third quarter. Wesfarmer's hardware business Bunnings, on the other hand, enjoyed double-digit growth.
USA & Canada
It’s cheaper and faster than ever for Walmart customers to send money. Three years after launching its own money transfer service, Walmart says it will cut price fees +++ In an action that reflects its strong performance, Costco is about to return some US$ 3.1 billion to investors. Meanwhile, Alibaba plans to launch its credit services in Brazil.
Beiersdorf tops expectations
Beiersdorf, the company behind Nivea skin cream, reported that its first-quarter group sales increased organically by 4.8 per cent from the same period last year. For the full year the German consumer goods giant expects sales growth of 3 to 4 per cent in its consumer business segment.
Tesco’s wine move
The British supermarket leader has started selling a Chinese wine, in a first major push to UK consumers. The Cab Sav will be available in about 700 stores nationwide, with the retailer betting on China becoming a major player in the wine world.
Ikea mulls restaurants
With the growing popularity of its in-store restaurants, the furniture chain is considering the idea of standalone restaurants. The Swedish chain wants to realise the potential of Ikea Food – one of its fastest growing divisions.
And the winner is ...
Lidl has become the only retailer in Slovenia to be awarded an ‘AAA’ Gold Certificate of Excellence, acknowledging its above-average credit rating for three consecutive years. Coop has been recognised as having the best reputation in the grocery industry in Norway.
Food for thought
Claiming back market share
A new study outlines ways in which Great Britain's big four - Asda, Tesco, Sainsbury’s and Morrisons - can win back lost ground from discounters. Among the findings, price ranked only fourth when looking at drivers of choice.