To follow is a brief review of retail news from around the world:
June 6 – Amazon, Aldi, Tesco Among ‘Most Valuable’ Global Retail Brands
Walmart (4th), Aldi (9th), Tesco (15th), Lidl (16th) and Carrefour (17th) have been named among the ‘Most Valuable Global Retail Brands’ according to the latest BrandZ report, produced by WPP and Kantar Millward Brown. According to the rankings, the undisputed number one retail brand in the world is Amazon, which has seen a 41% increase in its brand value since last year. The online retailer is now valued at more than $139 billion, making it more than twice as valuable as the next retail brand in the list, Alibaba, which is valued at $59 billion. The Most Valuable Global Retail Brands rankings form part of the BrandZ Top 100, which rates the most valuable brands each year. In this overall list, Amazon places fourth, while Alibaba is 14th, with the list topped by Google, Apple and Microsoft. For more, go to European Supermarket.
June 5 – Costco Makes Landfall in Iceland
The first Costco store in Iceland opened last week, in Kauptún, Garðabær, a municipality of Reykjavik. The store opened its doors at the end of May, with local reports stating that over 40 thousand people in Iceland have signed up for a Costco card already. Taken from Planet Retail.
June 5 – Continente (Portugal) Looking to Expand in the Middle East
Portugal-based, Sonae-owned Continente, as it prepares to open its first hypermarket in the UAE, has said it is investigating opportunities to expand across the Middle East. The further growth opportunities were discussed as part of an interview by Sonae’s Jose Carlos Trinidade with the Portuguese newspaper Expresso. Trinidade said the retailer was ‘currently… in the market evaluation phase and… seeking partners to introduce the grocery retail banner in other countries of the Middle East’. For further reading, see Retail Analysis.
June 2 – Amazon Begins Air Freight Shipments Direct to China
Amazon has launched direct cargo flights from the US to Zhengzhou, capital of central China’s Henan Province. The planes were carrying products, including food, clothes and household appliances ordered by Chinese buyers. For more, see Planet Retail.
The International Business Council is a special interest group of IHA members, dedicated to helping its membership market and sell their products internationally by sharing information, providing networking opportunities and offering programs to assist, support, and educate. Membership is free to all regular, IHA members – visit the IBC website to learn more.