Aldi is looking to sell ‘healthy’. The supermarket chain, known for low-cost food staples and canned goods, wants to expand its natural foods offerings to leverage U.S. consumers' preference tilt towards healthy options. Aldi hopes to increase its fresh food selection by 40%.It would be interesting to follow how far the privately-held firm would eventually be able to hold its own against established players like Whole Foods (now owned by Amazon) in the natural/organic food market. Aldi is the 8th biggest retailer in the world by global revenue in 2016, according to a Deloitte analysis.   

Walmart produced its fastest sales growth in a decade -  a sign that the retail giant is still not ‘Amazon-ed’! Digital sales of Walmart soared +40%, while total store sales increased +4.5% in three months ending July. Walmart's Sam's Club warehouse unit experienced same-store sales growth of 5% - a six-year high.  With sales going strong, it seems the retail behemoth is still far from losing ground to Amazon even after the latter’s acquisition of grocery chain Whole Foods.

Just when you thought the Netflix, Hulu, and Amazon streaming empire was invincible, Wal-Mart has now entered the fold with plans to launch its own streaming service targeted at Middle America.Wal-Mart is increasingly seen as scrappy in its effort to modernize, first with its efforts to expand its shipping and e-commerce business and now with its effort to enter the media space. Walmart already has a streaming service available, called Vudu, but the recent announcement of a new streaming service would be separate and focused on a different market.

A major driver was its cloud computing segment which registered a +53% year-over-year surge in sales in the last quarter. CEO Satya Nadella’s strategy of prioritizing the firm’s cloud services (over Windows) seems to be paying off.What’s more, Microsoft recently signed a five-year cloud services deal with Walmart – a partnership that rival-in-common Amazon might need to watch out for. With worldwide spending on public cloud services and infrastructure projected  to touch $160 billion in 2018 and burgeon to $277 billion by 2021(according to the International Data Corporation), Microsoft’s not so ‘cloudy’ ambitions could be its potential trump card.

As of today, Amazon's Chief Executive Officer, Jeff Bezos, is officially the richest person in the world with a Net Worth of $112 Billion!!With Bill Gates coming in second at $90 Billion.