Alibaba continues its slew of worldwide trade pacts in Belgium, and Polish supermarkets are looking enticing. Amazon may experience higher costs for delivery services, and an Alibaba subsidiary invests in Chinese logistics. Meanwhile, wage stagnation is contributing to the retail slump. Enjoy the read and feel free to share!




Thursday, 06 December 2018





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Alibaba continues its slew of worldwide trade pacts in Belgium, and Polish supermarkets are looking enticing. Amazon may experience higher costs for delivery services, and an Alibaba subsidiary invests in Chinese logistics. Meanwhile, wage stagnation is contributing to the retail slump. Enjoy the read and feel free to share!

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Europe


Discounter decisions ▪ German powerhouse Aldi is having an opening extravaganza, with 8 new UK stores opened in a single day. The stores are part of a planned 24, which will hopefully generate over 800 jobs. Meanwhile, its Swedish counterpart Clas Ohlson is being forced to close stores across Germany and the UK after a massive slump in profits.



Trade deals ▪ Following trade pacts in Africa and Asia, Chinese e-commerce giant Alibaba has signed a deal with Belgium to create an online sales logistics base. The project will involve an initial EUR 75 million investment and 220,000 square metres in Liege Airport in Belgium.



Polish focus ▪ Polish supermarket chain Stokrotka, owned by Romanian retailer Maxima Grupė, has acquired fellow Polish franchise Sano. The supermarket has 36 stores in Poland, and a staff of roughly 900. Maxima Grupė plans for swift expansion in the country.



Local project ▪ Carrefour is staying busy. Besides all its digital activities, the French superstar is piloting a new concept store aimed at local proximity (in French). Located in Clichy, Paris, and opened last week, it will be selling meat and cheese products, bakery items, and include a lounge section. Click here for pictures.




United States


European faces ▪ Dutch dairy massive Royal FrieslandCampina, has acquired US cheese distributor Jana Foods, strengthening the business's US presence. Meanwhile, Aldi continues its European opening streak in the US, with a shop opening in San Jacinto, California.



Postal prices ▪ Packing charges might be on the increase for retailers, after President Donald Trump called out the losses sustained by the United States Postal Service. A task force set up by Trump wants to allow USPS greater leeway to increase prices for their services.


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Mobile Motile ▪ Retail titan Walmart is starting up a new branch of tech products sold entirely on its online platform. The new items, going by the name Motile, include charger-equipped backpacks and fold-able travel keyboards, and are intended to suit a tech-savvy, highly mobile customer.




Asia


Indian horizon ▪ US online giant Amazon has made a new investment into its Indian presence, with nearly USD 352 million poured into Amazon Seller Services. Amazon India has now become an economic presence of almost the same scale as its US leg, though overheads remain higher.



Takeover interests ▪ Alibaba-backed fintech firm Ant Financial has invested into Chinese data service company Keking. The merger will provide a technology logistics service aimed at a variety of business ventures. Meanwhile, investment company KKR is set to purchase a stake in TWG Tea parent V3 for USD 366 million.




New wage age


Frugal consumers ▪ Struggling people are making for struggling retail, as thrifty spending darkens the horizon of the shopping market. Australia's national economy has seen a difficult patch, with stagnating wages, plummeting house prices, and skyrocketing debt forcing consumers to get by on what they have.



Machine earnings ▪ US Amazon employees are now earning less than the national government's vending machine attendants. The standard Amazon minimum wage of 15 dollar per hour puts those employees squarely within the bottom quarter of the US's hourly federal earners.