Amazon and Samara to acquire food and grocery chain Birla’s More for US$584m

ASIA - Amazon, together with the India-focused private equity firm, Samara Capital have signed a deal to acquire Aditya Birla Group’s food and grocery store, More for US$584.26 million. According to two senior industry executives cited by ET Retail to be familiar with the matter, the deal was reached after the board of Aditya Birla…

Walmart unveils new last-mile delivery pilot to expand its grocery delivery services

USA - The American retail corporation Walmart has announced a new last-mile delivery pilot programme, Spark Delivery that will see timely grocery deliveries from their stores to customer’s front doors. Walmart is rolling out the system in Nashville and New Orleans with more launches to come in more metropolitan areas this year. The crowd-sourced delivery…

Amazon India in talks to acquire minority stake in grocery chain Spencer’s Retail

ASIA - Amazon has initiated talks to acquire a minority stake in India’s food and grocery retail chain, Spencer's Retail as it seeks to penetrate the Asian market, two people mentioned by ET Retail to be familiar with the matter said. Amazon is considering alliances for an established footprint in the country’s food and grocery…

Kroger and Nuro begin driverless grocery delivery tests in the US

USA - One of the largest supermarket chains in America, Kroger together with its technology partner Nuro have started testing driverless grocery delivery at a single Fry's Food Store in Scottsdale, Arizona. The driverless deliveries are one of the strategies exerted by supermarket chains and general retailers including rival Walmart to lower high costs distribution…

Walmart looking to appoint foreign executives as CFO after it completes Flipkart acquisition

INDIA - Walmart Inc., the world’s largest retailer is looking to appoint foreign executives as Chief Financial Officer (CFO), legal counsel and compliance officer at Bengaluru-based Flipkart once it completes the acquisition transaction. Revealing sources familiar with the matter, ET Retail has reported that Walmart may consider hiring from its Asda unit in the UK,…

Swiggy appoints former Amazon India executive as engineering head

INDIA - The online food delivery company, Swiggy has appointed Dale Vaz, former Amazon India engineering head as its new head of engineering and data sciences, ET Retail has revealed. Vaz brings in eleven years of experience from Amazon with his most recent role as the director of software engineering. He will be responsible for…

Walmart partners with Microsoft to boost ecommerce against Amazon

USA - Walmart Inc., the American chain of hypermarkets has entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology that for faster, convenient and easier shopping by customers at its stores. The five-year agreement will see Walmart utilize Microsoft’s cloud solutions, which is Microsoft Azure and Microsoft…

Microsoft to introduce check-out free retail to take on Amazon Go

USA - Microsoft Corp is working on check-out free retail that would eliminate cashiers and checkout lines from stores, meant to compete with Amazon’s automated grocery stores, Amazon Go, reported Reuters. With the technology, the company’s systems will be able to track what shoppers add to their trolleys. According to people familiar with the matter,…

Amazon launches own pet-food brand, Wag for dogs

USA - Amazon, the American ecommerce company has launched its own brand of pet food, Wag, a private label of pet food, stretching its retail muscles further into the pet business. According to Bloomberg, the Wag brand was launched with dry dog food and Amazon plans to expand the range into other pet supplies. The…

Walmart acquires Flipkart for US $16b in one of the largest-ever ecommerce deals

INDIA - Walmart Inc. on has announced its high profile acquisition of Flipkart for US$16 billion for a valuation of over US$20 billion, making it the largest ecommerce acquisition in the world. ET Retail has reported that the 77% acquisition deal of the Bengaluru-based company, as per sources, is also the largest buyout for the…