Thousands of Amazon employees around the globe protested on Prime Day while customers complained about technical difficulties. Nevertheless, the shopping extravaganza is hailed to be the company’s biggest yet. Rival Walmart also has to deal with strikes and is in talks with a Chilean union. Read on and find out what else is going on in our industry.




Tuesday, 16 July 2019





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Thousands of Amazon employees around the globe protested on Prime Day while customers complained about technical difficulties. Nevertheless, the shopping extravaganza is hailed to be the company’s biggest yet. Rival Walmart also has to deal with strikes and is in talks with a Chilean union. Read on and find out what else is going on in our industry.

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Europe


Overseas expansion ▪ PayPal is launching its international money transfers service Xoom in Britain and 31 other countries across Europe. The roll-out should help the US payments company to get its share in the USD 689 billion global remittances market. Xoom partners with major banks.



Caring for pets ▪ British pet supply retailer Pets at Home is entering the pet-minding market, which is said to be worth GBP 1 billion, and has acquired a stake in dog-walking and pet-sitting service Tailster. The latter runs a network of 26,000 self-employed pet carers across the UK.



Strategic decisions ▪ Online homeware retailer Wayfair will be launching a bricks and mortar pop-up store in London for one day to showcase its Christmas range. Meanwhile, Marks & Spencer hopes to attract younger customers with Topshop fashion director Maddy Evans as the successor of resigned manager Jill McDonald.




United States


Shopping obstacles ▪ Amazon Prime Day extravaganza has kicked off yesterday and workers across the world, and for the first time in the US went on strike and customers complained about tech glitches. The online giant, however, cashes in not only with products but also with advertising.



Joining forces ▪ Video game retailer GameStop is partnering with global design firm R/GA to test a store concept with a layout said to appeal to gamers. Drugstore chain Rite Aid teams up with Google to promote safe medication disposal. 500 units are now searchable on the tech giant's map service.



Big plans ▪ Home décor retailer At Home continues to increase its store network with the long-term goal of opening more than 600 stores nationwide. The chain is considered one of the fastest-growing companies in the US and features on average more than 50,000 items.




South America & Africa


Dairy deal sealed ▪ Lactalis has reached an agreement with Mexico's Grupo Lala to end ongoing litigation. The French multinational can now complete its acquisition of Brazilian dairy producer Itambé Alimentos. Lactalis expects its revenue in Brazil to reach USD 2.13 billion.



Talks in Chile ▪ Walmart is set to resume negotiations with a Chilean union of 17,000 workers, who walked off the job last week after the world's largest retailer started to automate work. The strike has closed at least one-fourth of the approximately 400 stores that Walmart runs in the country.



Egyptian venture ▪ South Africa-headquartered Investec Asset Management has bought a controlling stake in Spinneys, one of the leading grocers in Egypt, who operates two hypermarkets and eleven supermarkets. It is the asset manager’s first private-equity investment in the country.




Asia & Australia


Bold move ▪ Anheuser-Busch InBev has cancelled its plan to publicly list its Asian subsidiary, Budweiser APAC, on the Hong Kong stock exchange. The IPO was set to raise USD 9.8 billion. As a result, shares of the brewer took a hit and the company needs to find new ways to reduce debt.



Reward programme ▪ In partnership with American Express, Australian department store operator David Jones has introduced a new loyalty scheme, which it describes as 'the future of retail loyalty'. The launch follows the addition of several new brands to the retailer’s offering in recent months.