On Tuesday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 1.48% to $82.27, after the Chinese e-commerce company looks to diversify chicken deals with KFC (Kentucky Fried Chicken), a fast food restaurant chain that’s a part of Yum! Brands (YUM), through “online-to-offline” sales.
Alibaba’s Alipay pay service agreement with KFC China, the country’s largest food delivery business with 5,000 restaurants across 900 cities, was followed by Baidu (BIDU) ‘s investment in online-to-offline business, the Financial Times stated.
Alibaba and other Internet companies in China are targeting “combined channel” merchants that have digital as well physical presence. Alipay’s tie-up with KFC China will open doors for other retailers to allows their customers an added payment method, which entails barcode scanning through Alipay’s smartphone app.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Shares of Sysco Corporation (NYSE:SYY), declined -3.06% to $36.10, during its last trading session.
Sysco Corporation, declared that it has terminated its merger agreement with US Foods, days after the U.S. District Court in Washington, D.C., granted the Federal Trade Commission’s request for a preliminary injunction to block the projected Sysco-US Foods merger. This action also terminates a contract with Performance Food Group (PFG) to purchase US Foods facilities in 11 markets.
Under terms of the merger agreement, the termination of the transaction requires Sysco to pay break-up fees of $300 million to US Foods and $12.5 million to PFG.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; and fresh produce.
Finally, Staples, Inc. (NASDAQ:SPLS), ended its last trade with -0.07% loss, and closed at $15.31.
Staples Canada released its 2015 recycling objectives and Q1 update. Highlights comprise a plan to collect 3 million ink cartridges and 4,000,000 kg of electronics in 2015.
“We’ve made noteworthy progress on the sustainability front, and we are ongoing our momentum this year,” said Pete Gibel, senior vice president of merchandising at Staples Canada and Chair of the Staples Canada Environmental Committee. “Our aim is to enable our associates to raise the bar and give our customers more eco-responsible options than ever.”
37,111 kilograms of batteries collected
Staples Canada partners with Call2Recycle to collect and recycle batteries (rechargeable and alkaline) in every Staples store. In Q1 alone 37,111 kg of batteries were collected, an enhance of 22.5% over Q1 2014. The retailer has set a aim of collecting 125,000 kg of batteries in 2015.
940,938 ink cartridges collected
Staples Canada gives customers the option to drop off used ink and toner cartridges at every store location. In Q1, 940,938 ink cartridges were collected – an enhance of 37.4% from Q1 2014. This year, Staples has set out to collect 3 million ink cartridges.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations. The company offers a range of office supplies, business technology products and services, facility and breakroom supplies, computers and mobility products, and office furniture under the Staples, Quill, and other proprietary brands.
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