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China's Online Retail Market To Experience 15 Percent Growth Through

China's online retail market will expand at a CAGR of 15 percent in 2016 to 2021, reaching RMB 1.3 trillion in total value by the end of the period, according to Mintel. Data  revealed the country's overall e-commerce market grew from RMB 53 billion in 2011 to about RMB 626 billion in 2016, a CAGR of 64 percent. Also, 73 percent of online shoppers shop for imported products from local online stores, while only 27 percent shop from overseas retail websites. Mintel research also showed 31 percent of consumers purchase imported food from Taiwan, 36 percent buy wine from France, and 45 percent buy beauty and personal care products from South Korea.

"China’s online retail market is expected to reach RMB 1.3 trillion in 2021", Mintel, March 22, 2017

Amazon Ramps Up Efforts To Expand Internationally

Online retailer Amazon is boosting its efforts to expand overseas. In Mexico, the company launched its Prime shipping service for a first-year subscription fee of $23, offering free same-day and one-day shipping. For China-based sellers, Amazon offers the option of using its air cargo service to send products to external markets. With data from L2 showing only 14 percent of e-commerce-friendly brands offering international shipping, Amazon is expected to have a significant advantage in competing in overseas markets.

"Amazon is Globalizing its Retail Empire", L2 Daily, March 21, 2017

Brand Consultant Says Walmart Can’t Match Amazon’s “Value Proposition”

Brand building consultant Denise Lee Yohn says Walmart’s current plan to “out-Amazon Amazon” is improving its e-commerce capabilities, which is a good thing, but in the long run it’s not a winning strategy. Offering free shipping on orders over $35, for example, makes the customer think about money with every online transaction. Amazon’s Prime members pay an annual fee and forget about it. Moreover, Prime gives members access to movie streaming, photo storage, music streaming, and early access to time-sensitive “Lightning Deals.” Walmart can’t compete with this “value proposition.” What it should do, Yohn says, is leverage its excellent physical distribution and retail network, improve the in-store experience, promote omnichannel shopping ...  More

"Walmart Won’t Stay on Top If Its Strategy Is “Copy Amazon”", Harvard Business Review, March 21, 2017

Ferrero Acquires Fanny May Confectionery Assets From 1-800-Flowers

Italian confectioner Ferrero International is acquiring the Fannie May confection brands of 1-800-FLOWERS.com, including Fannie May and Harry London chocolate brands, in an all-cash $115 million transaction. Ferrero will acquire all related assets and liabilities including Fannie May’s e-commerce business,79 retail stores located mostly in the Chicago area, as well as a factory, warehouse and distribution facility. As part of the deal, 1-800-FLOWERS will continue to sell Fannie May and Harry London chocolates through its e-commerce and wholesale channels, and will add some of Ferrero’s chocolate brands, including Nutella, Ferrero Rocher and Raffaello, to its offerings. [ Image credit: © Fannie May ]

"1-800-FLOWERS.COM, Inc. Announces the Signing of a Definitive Agreement to Sell Its Fannie May Confections Brands, Inc. Business to Ferrero International S.A. for $115.0 Million", News release, 1-800-FLOWERS, March 15, 2017

Campbell Soup Says Its Four Platforms Will Ensure Future Growth

Campbell Soup CEO Denise Morrison told consumer industry analysts recently that she and her company understand that the “future food world” will be complex and challenging, with unpredictable and unrelenting change. There will be both “opportunities and disruptions” caused by advancements in food, health and wellness, and technology. With that in mind, the company has established four platforms for growth: further developing its omnichannel strategy, especially e-commerce; focusing on affordable, high-quality, and even functional snacks; taking advantage of the future biometrics-based personalization of foods; and applying the concept of “limitless local” that embraces smaller and more regional farming and food production models. [ Denise ...  More

"Campbell Soup Outlines Four Platforms to Drive Growth", CPG Matters, March 01, 2017

 
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