Daily Retail News Monitor – November 8, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
 
Americas
Westleaf Inc , Canada (Company Site) (Ticker – WL) , Wholesaler/ Retailers , SmallCap
Westleaf to Combine with We Grow BC, Ultra Premium Cannabis Producer of Qwest Branded Products Westleaf Inc. is pleased to announce that it has entered into a definitive arrangement agreement to combine with We Grow BC Ltd., a leading indoor cannabis producer located in Creston, British Columbia. We Grow brings an ultra-premium cannabis brand, Qwest, which achieves some of the highest realized pricing in the Canadian adult-use markets. The combination of We Grow’s Qwest brand with Westleaf’s high quality production and retail assets, creates a combined company which is expected to be one of Canada’s preeminent craft-at-scale cultivators, manufacturers, and retailers of ultra-premium cannabis products. Read more (Nov 7, 2019) Mergers and Acquisitions
Falabella , Chile (Company Site) , Department Stores/ Discount Department Stores
Falabella Group approved the division of its real estate businesses in Peru The Falabella Group board agreed on the Falabella Perú SAA Excision Project – Inverfal Perú SA. Thus, the company seeks to restructure its real estate business for the development of commercial strategies. In that sense, Inverfal is a recently created company with the purpose of being the holding company of the shares that are currently owned by Falabella in its different business lines of commercialization of retail products: retail, financial and insurance brokers. Read more (Nov 7, 2019)Restructuring
IMPORTACIONES HIRAOKA S.A.C. , Peru (Company Site) , Consumer Electronics
The family tradition company Hiraoka debuts in e-commerce Imports Hiraoka will add local and makes its entry into e-commerce. The Peruvian retailer is going through a series of internal changes since it has incorporated its third generation to handle a large part of the family business. The Peruvian retailer with operations for more than 55 years, starts the online sale of all its product offerings. At the same time, the company does not neglect the physical expansion and will add two new stores in South Lima and East Lima, which will be operational in 2021. Read more (Nov 7, 2019) New Business/ Service
Hakuna Supply , United States (Company Site) , Food and Drug Stores
Sun Kissed Announces Fully Executed LOI to Acquire Hakuna Supply, an Award-Winning Commercial Stage CBD Products Company Sun Kissed Industries Inc., an emerging player in the CBD marketplace, is thrilled to announce the Signing of a Letter of Intent to acquire Hakuna Supply/Products Group, Inc., a premier revenue-generating CBD-based products company located in California with over 110 established retail distribution partners across over 20 states in the domestic US market. Read more (Nov 7, 2019) Mergers and Acquisitions
Sears Holdings Corporation , United States (Company Site) (Ticker – SHLDQ) , Department Stores/ Discount Department Stores , SmallCap
Sears owner gets $250 million lifeline, says it will shut 96 more stores As the holiday season approaches, the parent company of Sears and Kmart has secured a $250 million lifeline and announced plans to shut 96 more stores. That will leave the business with 182 locations. The announced closures and needed financing show that the Sears brand continues to struggle to win back shoppers, despite Sears Holdings filing for bankruptcy and restructuring. Read more (Nov 7, 2019) Bankruptcy/ Closure of Units/ Plants
Sugarfina, Inc. , United States (Company Site) , E-Commerce
Sugarfina, a Luxury Candy Boutique Brand, purchased by Bristol Luxury Group The Bristol Luxury Group announced that on October 31, 2019, Bristol purchased substantially all of the assets of Sugarfina, Inc. and its affiliates in a sale recently approved by the U.S. Bankruptcy Court for the District of Delaware. The sale comes less than 2 months after the initial bankruptcy proceedings began. Read more (Nov 7, 2019) Mergers and Acquisitions
The Coca-Cola Company , United States (Company Site) (Ticker –  KO ) , Food and Drug Stores , LargeCap
Coca-Cola unveils new sparkling water brand with a jolt of caffeine Coca-Cola unveiled a new sparkling water line, its first new brand in more than a decade.The beverage giant will launch AHA on March 2 in the United States, with the potential to expand globally. Read more (Nov 7, 2019) New Business/ Service
Asia
Huang Ji Huang , China (Company Site) , Food and Drug Stores
Yum China buys Chinese retail chain Huang Ji Huang Yum China Holdings has entered into a definitive agreement to acquire a controlling interest in Huang Ji Huang group, a leading Chinese-style casual-dining franchise business. Read more (Nov 7, 2019) Mergers and Acquisitions
Miniso , China (Company Site) , Retail Chain
Miniso sets course for fifteen stores in 2019 Miniso gains strength in Peru: it sets course for the fifteen stores in 2019. The Asian chain currently has ten stores in the Lima region and expects to close the year with five more. By the beginning of 2020, Miniso plans to have fifteen stores in the country. Read more (Nov 7, 2019) Future Plans
Urban Tea, Inc. , China (Ticker – MYT) , Food and Drug Stores , SmallCap
Urban Tea Completes Acquisition of 51% Equity Interest in Hunan 39 Pu Tea Co., Ltd. Urban Tea Inc, a premier retailer of specialty teas and baked goods based in Hunan, China, announced that it has completed the acquisition of 51% equity interest in Hunan 39 Pu Tea Co., Ltd, a limited liability company organized under the laws of the PRC, and has entered into a set of variable interest entity agreements with 39 Pu Tea through Mingyuntang (Shanghai) Tea Co. Ltd., the Company’s wholly foreign owned subsidiary organized under the laws of PRC. Read more (Nov 7, 2019)Sale/ Purchase of Company Stakes
Raymond Group , India (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Raymond to demerge core lifestyle business Textile-focused conglomerate Raymond announced the demerger of its core lifestyle business and its listing as a separate entity. This will create two separate companies—the new one housing the core branded textile, branded apparel and garmenting businesses and the existing one to have its new real estate project, land bank, engineering businesses of auto components and FMCG businesses among others. Read more (Nov 7, 2019) Mergers and Acquisitions
Europe
Conforama , France (Company Site) , Home Furnishing Retail
Conforama opens Majadahonda store Conforama España, a home furnishing and decoration chain, has opened its first store in Majadahonda (Madrid). The new store, offers its customers the same intuitive route divided into the firm’s universes: night / rest, day / lounge, kitchens and decoration. Read more (Nov 7, 2019) Expansion/ Diversification
Halfords Group plc , United Kingdom (Company Site) (Ticker – HFD ) , Auto Retail , SmallCap
Scottish tyre centre business taken over by Halfords Ayr-based McConechy’s Tyre Service, one of the largest independent garage chains in the UK, has been bought by Halfords. The acquisition along with the assets of Tyres on the Drive have been bought for £9.3 million. Read more (Nov 7, 2019) Mergers and Acquisitions
Section B – Global Retailing Other News: By Region, Country and Company Name
 
Africa/Middle East
First Bahrain , Bahrain (Company Site)
First Bahrain unveils new Spanish theme mall Read more (Nov 7, 2019)
Foschini Group Ltd , South Africa (Company Site)
South African retailer TFG’s profit growth slows Read more (Nov 7, 2019)
Majid Al Futtaim Group , United Arab Emirates (Company Site)
Majid Al Futtaim to phase out distribution of single-use plastic from its operations in all countries by 2025 Read more (Nov 7, 2019)
 
Noon.com , United Arab Emirates (Company Site)
Dubai Entrepreneur Council visits Noon.com headquarters Read more (Nov 7, 2019)
 
Americas
Emilio Luque Wholesalers , Argentina (Company Site)
Wildcard talks about the acquisition of four Emilio Luque branches Read more (Nov 7, 2019)
Mercado Libre, Inc , Argentina (Company Site)
Mercado Libre lost US $ 146 million in the third quarter of the yearRead more (Nov 7, 2019)
RIBEIRO SACIFAe , Argentina (Company Site)
Retailer Ribeiro requested a preventive plan for the closure of premisesRead more (Nov 7, 2019)
 
Canada Goose , Canada (Company Site)
Canada Goose CEO says footwear launch ‘definitely not next year’ Read more (Nov 7, 2019)
High Tide Inc. , Canada (Company Site)
High Tide Opens 26th Canna Cabana and 3rd KushBar Bringing its Total to 29 Branded Retail Cannabis Stores across CanadaRead more (Nov 7, 2019)
New Look Vision Group Inc , Canada (Company Site)
New Look Vision Group Inc. Reports Solid Results and the 21st Consecutive Quarter of Comparable Store Sales Growth Read more(Nov 7, 2019)
 
Venzee Technologies Inc. , Canada (Company Site)
Venzee Retail Integration Hits 175 Milestone Read more (Nov 8, 2019)
El Palacio de Hierr , Mexico (Company Site)
Palacio de Hierro increases its portfolio: four new brands enterRead more (Nov 7, 2019)
Walmart de México S.A.B. de C.V. , Mexico (Company Site)
Due to a fall in traffic, Walmart has its worst October since 2014 Read more (Nov 7, 2019)
 
Futuro Real Plaza Puruchuco , Peru (Company Site)
Real Plaza Puruchuco becomes the largest sustainable design mall in the world Read more (Nov 7, 2019)
Allied Wallet , United States (Company Site)
Allied Wallet Opens New European Office in Bulgaria Read more(Nov 7, 2019)
Amazon.com Inc , United States (Company Site)
Amazon to e-tail Himachali wares locally, globally Read more (Nov 8, 2019)
 
Amazon.com Inc , United States (Company Site)
Amazon is planning expansion in the Netherlands Read more (Nov 7, 2019)
AMC Theatres , United States (Company Site)
AMC Entertainment Holdings, Inc. Announces Third Quarter 2019 Results Read more (Nov 7, 2019)
C&S Wholesale Grocers, Inc , United States (Company Site)
Largest Wholesale Grocery Supply Company in US Powers Growing Mobile Workforce with RingCentral Cloud Communications SolutionsRead more (Nov 7, 2019)
 
Calendars.com , United States (Company Site)
Calendars.com Selects Kibo as Its New eCommerce Platform Read more(Nov 7, 2019)
Camping World Holdings, Inc. , United States (Company Site)
Camping World Holdings, Inc. Reports Third Quarter 2019 ResultsRead more (Nov 7, 2019)
Centennial , United States (Company Site)
Centennial Appoints Carl Tash to Newly Created Chief Investment Officer Position Read more (Nov 7, 2019)
 
Chewy, Inc , United States (Company Site)
Chewy Brings Holiday Cheer with Personalized Gift Shop for Every Pet and Pet Lover Read more (Nov 7, 2019)
Chuy’s Holdings, Inc. , United States (Company Site)
Chuy’s Holdings, Inc. Announces Third Quarter 2019 Financial Results Read more (Nov 7, 2019)
CitiXsys – iVend Retail , United States (Company Site)
CitiXsys Completes $60M Financing with Goldman Sachs Read more(Nov 7, 2019)
 
Core-Mark Holding Company, Inc , United States (Company Site)
Core-Mark Announces Third Quarter 2019 Financial Results Read more (Nov 7, 2019)
Cost Plus World Market , United States (Company Site)
Cost Plus World Market to Open in Norman, Oklahoma Read more(Nov 7, 2019)
David’s Bridal , United States (Company Site)
David’s Bridal Names Kelly Cook as Chief Marketing Officer Read more(Nov 7, 2019)
 
Designer Brands Inc , United States (Company Site)
Not for Sale: DSW Launches First-Ever DSWGives Do Good Pop-Up Read more (Nov 7, 2019)
Dollar General Corporation , United States (Company Site)
Dollar General Corporation Announces Webcast of Its Third Quarter 2019 Earnings Conference Call Read more (Nov 7, 2019)
Express, Inc , United States (Company Site)
Express, Inc. Introduces New Direct-to-Consumer Lifestyle Brand UpWest Read more (Nov 7, 2019)
 
Full House Resorts, Inc. , United States (Company Site)
Full House Resorts Announces Ratification of Sports Wagering in Colorado and Launch of Retail Sportsbook at Rising Star Casino Resort in IndianaRead more (Nov 7, 2019)
Global Partners LP , United States (Company Site)
Global Partners Reports Third-Quarter 2019 Financial ResultsRead more (Nov 7, 2019)
H&R Block, Inc. , United States (Company Site)
H&R Block announces addition to its Board of Directors Read more (Nov 7, 2019)
 
HempFusion , United States (Company Site)
HempFusion® Announces Expanded United States Distribution Read more(Nov 7, 2019)
J&J Snack Foods Corporation , United States (Company Site)
Sales and Earnings Reported by J & J Snack Foods Read more(Nov 7, 2019)
J. Alexander’s Holdings, Inc , United States (Company Site)
J. Alexander’s Holdings, Inc. Reports Results For Third Quarter Ended September 29, 2019 Read more (Nov 7, 2019)
 
J. C. Penney Company, Inc , United States (Company Site)
JCPenney is kicking off its Black Friday sales earlier than many of its competitors this year Read more (Nov 7, 2019)
J.Jill, Inc , United States (Company Site)
J.Jill Opens New Store in Copley Place, Boston Read more (Nov 7, 2019)
Joie de Viv , United States (Company Site)
Joie de Viv Now Offering a 10% Discount on the First Order Read more(Nov 7, 2019)
 
Lake City Bank , United States (Company Site)
Lake City Bank Promotes Stephanie R. Leniski to head Retail Banking division Read more (Nov 7, 2019)
Macy’s, Inc. , United States (Company Site)
Macy’s, Inc. To Report Third Quarter Results on November 21Read more (Nov 7, 2019)
Mall of America , United States (Company Site)
Mall of America® Utilizes the Sensormatic Solutions ShopperTrak Offering to Accurately Measure Mall Traffic Read more (Nov 7, 2019)
 
McDonald’s Corporation , United States (Company Site)
McDonald’s, Apex, and Ares Announce Restaurant Company’s First-Ever Large-Scale U.S. Virtual Renewable Power Purchase Agreement Read more(Nov 7, 2019)
National Vision Holdings Inc , United States (Company Site)
National Vision Holdings, Inc. Reports Third Quarter 2019 Financial Results; Raises Fiscal 2019 Outlook Read more (Nov 7, 2019)
Optoro , United States (Company Site)
Optoro Enters New Phase of Growth With Three Strategic Executive Hires Read more (Nov 7, 2019)
 
Party City Holdco Inc , United States (Company Site)
Party City Announces Third Quarter 2019 Financial Results; Total Revenue for Fiscal October 2019 Read more (Nov 7, 2019)
PayPal Holdings Inc , United States (Company Site)
PayPal plans to make an in-store mobile payments push as soon as next year Read more (Nov 7, 2019)
Pilot Travel Centers LLC , United States (Company Site)
Pilot Flying J Announces Family-Friendly Parental Leave for all Team Members Read more (Nov 7, 2019)
 
Popeyes , United States (Company Site)
The Popeyes chicken sandwich might be even more popular the second time around as restaurants report long lines and soaring sales Read more(Nov 8, 2019)
Publix Super Markets, Inc. , United States (Company Site)
Publix Named One of Fortune’s Best Workplaces in Retail Read more (Nov 7, 2019)
Ralph Lauren Corporation , United States (Company Site)
Ralph Lauren Reports Second Quarter Fiscal 2020 Results Read more(Nov 7, 2019)
 
Ralph Lauren Corporation , United States (Company Site)
Ralph Lauren profit gets boost from Chinese demand Read more (Nov 7, 2019)
Retail Business Services, LLC , United States (Company Site)
Center for Women & Enterprise Names Retail Business Services Supplier Diversity Team of the Year Read more (Nov 7, 2019)
Retail Value Inc. , United States (Company Site)
Retail Value Inc. Announces CFO Transition Read more (Nov 7, 2019)
 
Revolve Group, Inc. , United States (Company Site)
Revolve Group Announces Third Quarter 2019 Financial Results Read more(Nov 7, 2019)
Stage Stores, Inc. , United States (Company Site)
Stage Stores Announces Third Quarter Earnings Release Date and Conference Call Information Read more (Nov 7, 2019)
Starbucks Corporation , United States (Company Site)
Starbucks Pickup store concept unveiled in NYC Read more (Nov 7, 2019)
 
Stüssy, Inc , United States (Company Site)
Stüssy Hong Kong opens tomorrow Read more (Nov 7, 2019)
SupplyKick , United States (Company Site)
Online Marketing Firm SupplyKick Expands with Fresh Funding Round Read more (Nov 7, 2019)
The Buckle, Inc. , United States (Company Site)
The Buckle, Inc. Reports October 2019 Net Sales Read more (Nov 7, 2019)
 
The Clorox Company , United States (Company Site)
Clorox Announces Dec. 3 Webcast of Company Presentation at Morgan Stanley Global Consumer and Retail Conference Read more (Nov 7, 2019)
The Kroger Co , United States (Company Site)
Kroger launches car-buying program Read more (Nov 7, 2019)
Thursday Boot Company , United States (Company Site)
Thursday Boot Company Debuts World-First Single Herd Footwear Line Read more (Nov 7, 2019)
 
Uniform Advantage Brands , United States (Company Site)
Uniform Advantage Stores Collecting Food Donations to Help Those in Need Read more (Nov 8, 2019)
United Parcel Service, Inc. , United States (Company Site)
UPS Launches Flat Rate Shipping with UPS Simple Rate Read more (Nov 7, 2019)
 
Asia
David Jones Pty Limited , Australia (Company Site)
David Jones opens first food store in Melbourne Read more (Nov 7, 2019)
Flight Centre Travel Group Ltd , Australia (Company Site)
Flight Centre says Q1 was challenging Read more (Nov 7, 2019)
Woolworths Supermarkets , Australia (Company Site)
Woolworths : Remote schools receive educational boost through Woolworths Earn & Learn program Read more (Nov 7, 2019)
 
Alibaba Group Holding Limited , China (Company Site)
Alibaba planning launch of $15 bn Hong Kong listing for last week of November Read more (Nov 8, 2019)
Alibaba Group Holding Limited , China (Company Site)
Accor and Alibaba Form Partnership to Attract Chinese TravelersRead more (Nov 7, 2019)
Suning.com Co., Ltd , China (Company Site)
China’s retail giant Suning signs deals with overseas brands at China’s International Import Expo Read more (Nov 7, 2019)
 
Giordano International Limited , Hong Kong (Company Site)
Giordano opens new-generation store in Dubai Read more (Nov 7, 2019)
Future Retail Limited , India (Company Site)
Marico Limited partners with Future Retail Limited to launch plastic recycling-program Read more (Nov 7, 2019)
Walmart India Private Limited , India (Company Site)
Detel ties with 26 Walmart India Stores in 6 major Cities to Expand its Offline Presence Read more (Nov 7, 2019)
 
Swiss Watch Gallery , Malaysia (Company Site)
Swiss Watch Gallery launches Art of Time 2019 at Kuala Lumpur Read more(Nov 7, 2019)
Robinsons Retail Holdings, Inc , Philippines (Company Site)
Robinsons Retail profit dips despite sales growth Read more (Nov 7, 2019)
 
Europe
IMMOFINANZ AG , Austria (Company Site)
IMMOFINANZ : opens repositioned VIVO! Bratislava shopping center with Lidl and the LPP Group as new key anchor tenants Read more (Nov 7, 2019)
Auchan , France (Company Site)
France scraps plans for Franco-Chinese shopping mall near ParisRead more (Nov 7, 2019)
Industria de Diseno Textil SA , Spain (Company Site)
Inditex will achieve the highest margin since 2015 Read more (Nov 7, 2019)
 
Tiendeo , Spain (Company Site)
Mexicans will invest an average of $ 4,518 pesos in the Good End 2019Read more (Nov 7, 2019)
Hennes & Mauritz AB  , Sweden (Company Site)
Re-sale market drives hype around H&M designer collaborationsRead more (Nov 8, 2019)
IKEA , Sweden (Company Site)
Mass luxury: Inside Ikea’s latest designer collaboration Read more (Nov 7, 2019)
 
Intu Properties plc , United Kingdom (Company Site)
Intu seeks buyers for its shopping centers Read more (Nov 7, 2019)
J Sainsbury plc , United Kingdom (Company Site)
J Sainsbury : Sainsbury’s fears consumer hangover after Christmas splurge Read more (Nov 7, 2019)
 

 

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David Zweifler

David is the founder of Gordon Magazine. David's experience spans investment banking, journalism, marketing and technology.

David Zweifler