Daily Retail News Monitor – November 7, 2019

Global retailing business and industry news of last 24 hours comprehensively tracked and compiled from established news portals worldwide.

Section A – Global Retailing Key News: By Region, Country and Company Name
Americas
Adorama Inc., United States , E-Commerce
Adorama Inc., Parent Company of Leisure Pro, Acquires Scuba.comAdorama Inc., parent company of Leisure Pro, the number one store for scuba diving and snorkeling equipment, announced the acquisition of Scuba.com, adding to its watersports equipment portfolio. Together, Leisure Pro and Scuba.com represent the two largest scuba diving equipment retail sites.  (Nov 6, 2019 Mergers and Acquisitions
Amazon.com Inc , United States  (Ticker – AMZN  , E-Commerce , LargeCap
Haldiram’s enters the US e-commerce market via AmazonHaldiram’s, Indian snack and sweet brand, has forayed into the US e-commerce market through Amazon’s Global Selling Program. This move will help Haldiram’s to expand and increase its penetration into the US market, its biggest market globally accounting for 40% of annual revenues from offline exports.  (Nov 6, 2019Expansion/ Diversification
CVS Health Corporation , United States (Ticker – CVS , Food and Drug Stores , LargeCap
CVS will shutter 75 stores next year CVS said it will shutter 75 retail stores in 2020, mostly through natural lease expirations, with 22 closures in the first quarter of the fiscal year. That will be in addition to the 46 “underperforming stores” closed during the second quarter of fiscal 2019.  (Nov 6, 2019Future Plans
Hanesbrands Inc. , United States  (Ticker – HBI , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
HanesBrands Adds Distribution Partner in South Korea to Open Champion Brand StoresHanesBrands (HBI, a leading global marketer of everyday basic apparel under world-class brands, announced that it has added LF Corporation as a distribution partner in South Korea to expand the number of Champion brand stores in South Korea.  (Nov 6, 2019 Expansion/ Diversification
Retail Solutions Inc., United States  , Technology
RSi and Log_stica de M_xico (LDM Join Forces to Accelerate Latin America ExpansionRetail Solutions, Inc., the leading provider of AI-driven technology solutions that enable CPG manufacturers and retailers to grow and profit, announced an exclusive partnership with Latin America_s leading supply chain consulting and technology services provider, Log_stica de M_xico. The new partnership enables both companies to increase significantly their presence and penetration in the rapidly growing, multi-billion-dollar market across Latin America for digital transformation technology solutions that help CPGs and retailers to maximize on-shelf availability, optimize supply chain and in-store productivity, and increase sales.  (Nov 6, 2019Contracts/ Deals
Asia
China Petroleum & Chemical Corporation , China  (Ticker – 600028 , Wholesaler/ Retailers , MidCap
Air Liquide and Sinopec Sign an MoU to Accelerate the Deployment of Hydrogen Mobility Solutions in China Air Liquide and Sinopec, largest refining, as well as the second largest chemical and fuel retailer company in the world have signed, in Beijing a memorandum of understanding (MoU to contribute to the acceleration of the deployment of hydrogen mobility solutions in China.  (Nov 6, 2019 Contracts/ Deals
Europe
Primark , Ireland  , Apparel/ Footwear/ Personal Goods Specialty
Two of the 19 new Primark stores in 2020 will be Spanish The Irish fashion store Primark plans to open 19 new stores, with France and Spain as the two markets with the most sales area in 2020. In Spain, the textile chain will open a store in Barcelona and another in Seville. The company also plans to disembark in Poland, its thirteenth market, with the opening of its first store in Warsaw.  (Nov 6, 2019 Future Plans
Wm Morrison Supermarkets plc , United Kingdom  (Ticker – _MRW , Hypermarket/ Supermarket/ Superstore , MidCap
Morrisons to launch the nation_s first supermarket Vegan _No Pork_ PieEarlier this week, Morrisons announced the launch of a footlong vegan sausage roll and now it_s back with another new innovation _ a vegan pork pie! A first for UK supermarkets, the pie will appear at Morrisons pie shops in stores on December 9th and will retail at _1.75 or two for _3.  (Nov 6, 2019Innovations

 

Section B – Global Retailing Other News: By Region, Country and Company Name
Africa/Middle East
Arabian Centres Company ,Saudi Arabia
Saudi mall operator Arabian Centres plans debut dollar bond sale _ sources  (Nov 6, 2019
Americas
Mercado Libre, Inc ,Argentina
Mercado Libre and Despegar unite to boost ecommerce with promotions (Nov 6, 2019
Pigment ,Argentina
Pigment Chain at the Nations Fair (Nov 6, 2019
Jesta I.S. Inc, Canada
Scrubs & Beyond Selects Jesta I.S. Inc. to Advance Omnichannel Technology in Healthcare Industry  (Nov 6, 2019
Organic Garage Ltd ,Canada
Organic Garage Wins 2019 Organic Retailer of the Year Award (Nov 6, 2019
Abercrombie & Fitch ,United States
Abercrombie opens the first store of its children’s line  (Nov 6, 2019
Alltown Fresh ,United States
Alltown Fresh_ Opens its Newest Fresh Convenience Market in Hamden, Connecticut (Nov 6, 2019
Amazon.com Inc , United States
Amazon launches Small Business Academy program  (Nov 6, 2019
Big Lots!, Inc , United States
Big Lots Recognized By The Women’s Forum Of New York For Advancing Gender Parity In The Boardroom (Nov 6, 2019
BJ’s Wholesale Club Holdings, Inc. , United States
BJ_s Wholesale Club to Hold Third Quarter Fiscal 2019 Earnings Conference Call  (Nov 6, 2019
Costco Wholesale Corporation ,United States
Costco and Instacart test free one-hour prescription delivery as Amazon eyes the space  (Nov 6, 2019
Costco Wholesale Corporation, United States
Costco Wholesale Corporation Reports October Sales Results (Nov 6, 2019
Destination XL Group, Inc. , United States
DXL Group Continues to Build Legacy at St. Jude Children’s Research Hospital_ During Annual St. Jude Thanks and Giving_ Campaign (Nov 6, 2019
Dunkin’ ,United States
Dunkin’ Announces Plans for 18 New Restaurants, Including Ten Multi-Brand Locations with Baskin-Robbins, in the Houston Area (Nov 6, 2019
e.l.f. Beauty ,United States
e.l.f. Beauty Announces Second Quarter Fiscal 2020 Results  (Nov 7, 2019
Eyeconic ,United States
Eyeconic Introduces Handcrafted, American-made Eyewear with Dom Vetro (Nov 6, 2019
Foot Locker Retail, Inc ,United States
Foot Locker, Inc. to Report Third Quarter Financial Results on Friday, November 22, 2019  (Nov 6, 2019
Ghirardelli Chocolate Company ,United States
Ghirardelli Chocolate Company Makes The Holidays A Bite Better (Nov 7, 2019
Guess Inc. ,United States
Guess?, Inc. Announces Appointment of Katie Anderson as Chief Financial Officer  (Nov 6, 2019
Hamilton Beach Brands Holding Company_ ,United States
Hamilton Beach Brands Holding Company Announces Third Quarter 2019 Results (Nov 6, 2019
Hamilton Beach Brands Holding Company_ ,United States
Hamilton Beach Brands Holding Company Declares Quarterly Dividend And Announces Stock Repurchase Program (Nov 6, 2019
Harvest Health & Recreation, Inc , United States
Harvest of Hanford Awarded 1 of 2 Retail Permits with Top Score Among All Applicants, Deepening Presence in California (Nov 6, 2019
Headset ,United States
Headset Launches Cannabis Retailer Market Benchmarking Service  (Nov 6, 2019
Hemingway African Gallery & Safaris ,United States
Hemingway African Gallery & Safaris Officially Opens Doors in Tribeca (Nov 6, 2019
Hemp Depot, United States
Hemp Depot Achieves 10,000% Growth and Forecasts Top CBD Market Opportunities (Nov 6, 2019
Kohl’s , United States
Kohl_s, Macy_s turn to pop-up shops and Instagram-worthy displays to try to win the holidays  (Nov 6, 2019
Kohl’s ,United States
Kohl_s Offers Customers New Gifts at Every Turn This Holiday Season  (Nov 6, 2019
NACCO Industries ,United States
NACCO Industries Declares Quarterly Dividend and Announces Stock Repurchase Program  (Nov 6, 2019
Office Depot, Inc. , United States
Office Depot Announces Third Quarter 2019 Results (Nov 6, 2019
Phillips Edison & Company, Inc. , United States
Phillips Edison & Company Reports Third Quarter 2019 Results  (Nov 6, 2019
PVH Corp ,United States
PVH Corp. to Host Conference Call to Discuss Third Quarter 2019 Earnings Results  (Nov 6, 2019
Revlon, Inc. ,United States
Revlon to Release Third Quarter 2019 Results and Host a Conference Call on November 8, 2019  (Nov 6, 2019
RumbleOn, Inc. , United States
RumbleOn to Report Third Quarter 2019 Financial Results on November 12, 2019 (Nov 6, 2019
RV Retailer, LLC , United States
RV Retailer, LLC Announces Management Team Appointments (Nov 6, 2019
Seneca Foods Corporation ,United States
Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 28, 2019  (Nov 6, 2019
Shopin ,United States
Shopin launches open-source Github of GDPR compliant Distributed Hash Table (DHT and Blockchain hybrid infrastructure with a new whitepaper and yellow paper  (Nov 7, 2019
Southeastern Grocers ,United States
Southeastern Grocers Expands E-commerce to Louisiana With Online Marketplace Partnerships (Nov 6, 2019
SpartanNash ,United States
SpartanNash Announces Third Quarter 2019 Financial Results  (Nov 6, 2019
Stanton Optical ,United States
Stanton Optical, a Leading Eye Health Provider, Opens Fifth Retail Store in Greenville Area  (Nov 6, 2019
Sunoco LP ,United States
Sunoco LP Announces Third Quarter 2019 Financial and Operating Results  (Nov 6, 2019
The RealReal, Inc. , United States
The RealReal’s Been Selling Counterfeit Goods  (Nov 6, 2019
The Vitamin Shoppe ,United States
Vitamin Shoppe, Inc. Announces Third Quarter 2019 Results (Nov 6, 2019
The Wendy’s Company ,United States
The Wendy’s Company Reports Third Quarter 2019 Results  (Nov 6, 2019
T-Mobile US, Inc. , United States
T-Mobile Lets Retail Staff Add Their Pronouns to Name Tags (Nov 7, 2019
Walgreen Company ,United States
Walgreens reportedly mulling massive private equity buyout  (Nov 6, 2019
Winn-Dixie Stores, Inc. ,United States
Winn-Dixie kicks off Shipt, Instacart delivery in Louisiana (Nov 7, 2019
Women in Retail Leadership Circle , United States
Women in Retail Leadership Circle Unveils Comprehensive Rebrand  (Nov 6, 2019
ZoomCare ,United States
ZOOM+Care Brings Mental Health Services to the Seattle Area  (Nov 6, 2019
Asia
Amazon Australia ,Australia
Amazon Australia signs up Zip Co buy now, pay later service  (Nov 7, 2019
Flipkart Pvt Ltd. , India
Nokia partners Flipkart to launch smart TVs in India (Nov 6, 2019
Future Retail Limited ,India
Marico Limited partners with Future Retail Limited to launch plastic recycling-program  (Nov 7, 2019
Ittiam Systems ,India
Ittiam Augments Edcon_s Retail Business Intelligence Through Its AI Powered IttiamInsite Service.  (Nov 6, 2019
Joy Personal Care , India
JOY Personal Care ropes in actress Kriti Sanon for honey & almonds lotion  (Nov 6, 2019
Titan Company Limited ,India
Titan Q2 profit grows 3.5% YoY to Rs 311.65 crore, misses estimates (Nov 6, 2019
Walmart India Private Limited , India
Detel ties with 26 Walmart India Stores in 6 major Cities to Expand its Offline Presence  (Nov 7, 2019
Europe
Ontex Group NV , Belgium
Ontex reports Q3 2019 results  (Nov 6, 2019
Pandora A/S, Denmark
Pandora presents its evolution concept in the country (Nov 7, 2019
Ingenico ,France
Ingenico brings Mash and the Nordic-way-to-pay to Spain  (Nov 6, 2019
Banco BPM S.p.A. , Italy
Italy’s Banco BPM eyes first dividend payout next year  (Nov 7, 2019
Koninklijke Ahold Delhaize N.V, Netherlands
Ahold Delhaize N : Online sales buoy supermarket group Ahold Delhaize (Nov 6, 2019
X5 Retail Group ,Russia
X5 Retail : Pyaterochka to recycle unsold food (Nov 7, 2019
IKEA , Sweden
Ikea brushes off _challenging_ market to notch up UK sales hike  (Nov 7, 2019
IKEA ,Sweden
Ikea, H&M Funding Tech Startups To Sidestep Retail Disruption (Nov 6, 2019
Aspinal of London ,United Kingdom
Aspinal of London Appoints Investment Bank Houlihan Lokey to Maximise Growth Strategy  (Nov 6, 2019
C. & J. Clark International Ltd , United Kingdom
Clarks falls 4.6% at the end of 2018 (Nov 6, 2019
Hamleys ,United Kingdom
Reliance Brands picks Sumeet Yadav to head Hamleys (Nov 6, 2019
Intu Properties plc , United Kingdom
Intu Properties considers raising equity to tackle debt in blow to shares  (Nov 6, 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