Nearly half of the consumer budget for tech and durable goods in 2020 will be occupied by the smartphone. In a research study by GfK, it is concluded that this is a total turnover of €444 billion. The demand for smartphones is expected to stay stable in 2020, after a slight decline of two per cent in units in 2019. An estimated 1.37 billion smartphones will be sold globally.
PepsiCo, Inc. an American multinational food, snack, and beverage corporation agreed to buy Chinese snack brand Be & Cheery. It purchases the brand from local jujube maker Haoxiangni Health Food Co Ltd. According to the companies, the sale takes place for $705 million. The multinational food and beverage maker from the United States says the acquisition of Be &
In many markets, Black Friday is now bigger than Christmas, shows data from a GfK POS study. The combination of Black Friday, Christmas and post-Christmas account for one-fifth of all annual sales. This is an increase of 6% compared to 2018. The study provides insight from 27,000 shoppers (aged 15+) about how shopping is evolving across FMCG, Tech and Durables and Other
Chinese e-commerce giant Alibaba Group announced its financial results for the quarter ended December 31st, 2019. The company experienced robust growth across its business in the past quarter. Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group, comments: "Our digital economy reached new heights with another record 11.11 Global Shopping Festival for our
SEKO Logistics completed its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border e-commerce experts, Air-City, Inc. The investment represents the latest phase of SEKO’s program to expand its global footprint and establishing more strategic partnerships. The acquisition is made to expedite the growth of its three core services;