Daily Retail News Monitor – November 12, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Empresas Hites SA , Chile (Company Site) (Ticker – HITES) , Department Stores/ Discount Department Stores , LargeCap
Hites suspends a strategic partner search plan indefinitely The sale of the multi-store chain Hites has failed, and the board of the company, chaired by Enrique Bone, decided to suspend the search for a strategic partner indefinitely. Read more (Nov 11, 2019) Divestments

Fomento Económico Mexicano, S.A.B. de C.V. , Mexico (Company Site) (Ticker – FEMSAUBD) , Food and Drug Stores , LargeCap
Femsa, owner of Oxxo enters the US wholesale self-services FEMSA, owner of Oxxo stores, reported that it signed the definitive agreements and closed the transaction to acquire, for 750 million dollars, a minority stake in Jetro Restaurant Depot (JRD), a company in the wholesale self-service segment for restaurants and shops Small in the United States. Read more (Nov 11, 2019)

Amazon.com Inc , United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
Amazon to debut new grocery store format in LA Amazon is diving deeper into brick-and-mortar with its new grocery store concept.The e-tail giant confirmed it will open a new grocery store format, separate from its Whole Foods Market or Amazon Go brands, in the Woodland Hills neighborhood of Los Angeles in 2020. Read more (Nov 11, 2019) Expansion/ Diversification

MedMen Enterprises Inc. , United States (Company Site) (Ticker – MMEN) , Wholesaler/ Retailers , MidCap
MedMen Opens in Sarasota, Florida MedMen Enterprises Inc, a leading cannabis retailer with operations across the U.S., announces the opening of its latest Florida location in the city of Sarasota. This is the eighth of 12 locations MedMen plans to open in Florida this calendar year. Read more (Nov 11, 2019) Expansion/ Diversification

Wendy’s Philippines , Philippines (Company Site) , Retail Chain
Udenna Corp. acquires Wendy’s Philippines Udenna Corp., through food group subsidiary Eight-8-Ate Holdings Inc., on Tuesday said it is now the master franchise holder of Wendy’s in the Philippines, as it fully acquired the Philippine operations of the brand. Udenna has fully acquired 51 Wendy’s restaurants in the country, adding to its portfolio of food and restaurant businesses such as Philippine FamilyMart and Conti’s Bakeshop and Restaurant. Read more (Nov 12, 2019) Mergers and Acquisitions

Lotte Corporation , South Korea (Company Site) (Ticker – 004990) , Wholesaler/ Retailers , LargeCap
Mobile shopping platform Rezolve bags tie-up with Korean retail giant Lotte Mobile shopping tech firm Rezolve has signed a multi-million-pound deal with South Korean conglomerate Lotte Corporation as it expands its presence in Asia. Lotte will use the London startup’s technology in its supermarket app, allowing customers to make purchases by scanning promotional print leaflets with their smartphone. Read more (Nov 11, 2019) Contracts/ Deals

Pimkie , France (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Pimkie opens its first Spanish outlet The French fashion distribution company will raise the blind of an establishment of 280 square meters in the Sambil Outlet shopping center in Madrid. The French fashion distribution company expands its offer in the Spanish market with the launch of its first outlet outlet. Read more (Nov 11, 2019) Expansion/ Diversification

Adidas AG , Germany (Company Site) (Ticker – ADS) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Adidas shifts German, US smart factories to Asia Sportswear maker Adidas announced that it was closing two niche but flagship factories in Germany and the United States that use robots and 4D printing to make sneakers, shifting the manufacturing to cheaper Asian factories instead. Read more (Nov 12, 2019) Bankruptcy/ Closure of Units/ Plants

DHL Supply Chain , Germany (Company Site) , Supply Chain & Logistics
DHL Supply Chain launches its first software robot in Spain DHL Supply Chain Iberia has announced the total operation of its first software robot, called Manolito, in its logistics center in Seville. It is a practical application of Robotic Process Automation technology, which can execute some of the activities that a person performs when interoperating with a computer. In the specific case of Manolito, the robot is responsible for managing the entire process of preparing orders in the Warehouse Management System (SGA) of the logistics center, which first includes transport planning for, based on the profile of each order (type of delivery, items, transport conditions, etc.), decide which goods are loaded in each delivery truck. Read more (Nov 11, 2019) New Products

OLX Group , Netherlands (Company Site) , E-Commerce
OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation Frontier Car Group, the Berlin-based startup building used car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity. OLX, the online classifieds division Prosus (the digital division of Naspers that listed earlier this year in Europe) announced that it would invest up to $400 million in Frontier, in a mix of equity, secondary share acquisitions and existing business shares. The deal will include a primary capital injection of an unspecified amount, which OLX has confirmed to me values Frontier Car Group at $700 million, post-money. Read more (Nov 11, 2019) Investments

Hennes & Mauritz AB  , Sweden (Company Site) (Ticker – HM-B) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
H&M confirms new store in Puruchuco H&M Hennes & Mauritz (H&M), the international retail chain, known for offering fashion and quality at the best price in a sustainable way, will open its new store at Real Plaza Puruchuco in Ate on November 21.The eighth store in the capital, H&M Puruchuco, will have 2750 meters and will gather a wide variety of options for women, men, youth and children, covering fashion clothes, footwear, accessories and lingerie. Read more (Nov 11, 2019) Expansion/ Diversification

Hennes & Mauritz AB  , Sweden (Company Site) (Ticker – HM-B) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
H&M Launches Shop Online in Egypt H&M has launched its online store at EG.HM.COM, delivering fashion and quality at the best price in a sustainable way to all customers in Egypt. H&M’s Egypt online store offers an extended range, with exclusive “online-only” pieces available all year-round, including ladies, men’s, kids and H&M HOME. Read more (Nov 11, 2019) Expansion/ Diversification

J Sainsbury plc , United Kingdom (Company Site) (Ticker – SBRY) , Hypermarket/ Supermarket/ Superstore , LargeCap
Britain’s Sainsbury’s in wholesale deal with Australia’s Coles British supermarket group Sainsbury’s has struck a deal to sell packaged groceries and household products in Australia as it seeks to grow its wholesale business. The UK firm’s biggest wholesale deal yet will see it supply own brand products to Coles supermarkets across Australia, as well as online, from early next year. The products will be sold under the Coles brand. Read more (Nov 11, 2019) Contracts/ Deals

Sweaty Betty , United Kingdom (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Sweaty Betty opens first Asian store Sportswear label Sweaty Betty has made its Asian debut, opening a store at Hong Kong’s IFC mall.The Hong Kong store features the brand’s entire range as well as the add-on services popular at its London flagship, including monogramming, free-flow kombucha tea, personal shopping and yoga sessions. Read more (Nov 12, 2019) Expansion/ Diversification


Section B – Global Retailing Other News: By Region, Country and Company Name
Organigram Holdings Inc , Canada (Company Site)
Organigram Provides Corporate Update Read more (Nov 12, 2019)
Ripley S.A. , Chile (Company Site)
Ripley buys land for three new mall in Peru Read more (Nov 11, 2019)
Rappi , Colombia (Company Site)
Rappi already has more than 1,300 dealers Read more (Nov 11, 2019)
El Palacio de Hierro , Mexico (Company Site)
The Palacio de Hierro continues with its five-year plan Read more(Nov 11, 2019)
Metro , Peru (Company Site)
Don Vittorio, Metro and the Food Bank present Solidarity Product Read more(Nov 11, 2019)
Adore Me , United States (Company Site)
Adore Me opens its 6th retail store, at Hamilton Place in Chattanooga, Tennessee Read more (Nov 12, 2019)
Amazon.com Inc , United States (Company Site)
Amazon opens two new logistics centers Read more (Nov 11, 2019)
Burger King , United States (Company Site)
Burger King is testing 3 new Impossible burgers at 180 locations in the US Read more (Nov 12, 2019)
Burger King , United States (Company Site)
Burger King picks Unilever to make plant-based Whoppers in Europe Read more (Nov 11, 2019)
Caleres Inc. , United States (Company Site)
Caleres Announces Third Quarter 2019 Earnings Call Read more(Nov 11, 2019)
Chick-fil-A , United States (Company Site)
Chick-fil-A and Starbucks are giving away free food and coffee for Veterans DayRead more (Nov 11, 2019)
CommentSold, Inc , United States (Company Site)
ZMC Partners With CommentSold Read more (Nov 11, 2019)
Coty Inc. , United States (Company Site)
Coty and Gucci Beauty celebrate ‘imperfect beauty’ with Lotte Duty Free VIP event Read more (Nov 11, 2019)
Cresco Labs, Inc. , United States (Company Site)
Cresco Labs to Report Third Quarter 2019 Financial Results on November 26, 2019 Read more (Nov 11, 2019)
Deka Lash , United States (Company Site)
Deka Lash Announces Launch of TrueXpress™ Lashes Read more(Nov 11, 2019)
GameStop Corp. , United States (Company Site)
GameStop Celebrates Veterans Day by Introducing New Military Discount Program Read more (Nov 11, 2019)
Gap Inc , United States (Company Site)
Gap Inc. faces big challenges at corporate, brand level Read more (Nov 11, 2019)
Gap Inc , United States (Company Site)
Gap, HKRITA partner to create sustainable solutions for the fashion industry Read more (Nov 11, 2019)
GetGo , United States (Company Site)
Giant Eagle’s GetGo pumps up fuel savings Read more (Nov 11, 2019)
Grocery Outlet Holding Corp , United States (Company Site)
Grocery Outlet Holding Corp. Announces Third Quarter Fiscal 2019 Financial Results Read more (Nov 11, 2019)
Herdx Inc , United States (Company Site)
UPS And HerdX Deliver Blockchain-Verified Beef From U.S. To Japan Read more (Nov 11, 2019)
iFresh, Inc. , United States (Company Site)
iFresh Announces Participation in Alipay Singles’ Day Sales EventRead more (Nov 12, 2019)
Impact Analytics , United States (Company Site)
Impact Analytics Ranked Number 74 Fastest Growing Company in North America on Deloitte’s 2019 Technology Fast 500™ Read more (Nov 12, 2019)
InvenTrust Properties Corp , United States (Company Site)
InvenTrust Properties Corp. Announces Dividend Rate Increase of 3% For Fourth Consecutive Year Read more (Nov 11, 2019)
MarineMax, Inc. , United States (Company Site)
MarineMax Expands Financing Capacity Read more (Nov 11, 2019)
Mattel, Inc. , United States (Company Site)
Mattel : Tops 2020 ‘Toy of the Year’ Finalist List Read more (Nov 11, 2019)
Maurices Inc. , United States (Company Site)
maurices Exceeds First Quarter Sales & Profit Goals Read more(Nov 11, 2019)
National Retail Solutions, Inc , United States (Company Site)
NRS Promotes Retail Executive Vanessa Strain to Vice President of Data Sales Read more (Nov 11, 2019)
Nautilus Hyosung America , United States (Company Site)
Red Balloon Security Partners with Nautilus Hyosung America to Strengthen Security in Their Retail ATMs Read more (Nov 11, 2019)
Patagonia, Inc , United States (Company Site)
Patagonia opens its fourth own store Read more (Nov 11, 2019)
Qurate Retail Group , United States (Company Site)
Qurate Retail, Inc. Reports Third Quarter 2019 Financial ResultsRead more (Nov 11, 2019)
Skechers U.S.A., Inc. , United States (Company Site)
Skechers flagship opens in Shanghai Disneytown Read more (Nov 11, 2019)
Southeastern Grocers , United States (Company Site)
CV Sciences, Inc. Announces New Distribution Partnership With Southeastern Grocers Read more (Nov 11, 2019)
Walgreens Boots Alliance, Inc , United States (Company Site)
KKR Makes Formal Approach to Walgreens Boots on Record Buyout Read more (Nov 12, 2019)
Walmart Inc. , United States (Company Site)
Walmart offering select alcohol curbside pick up Read more (Nov 11, 2019)
Yum! Brands, Inc , United States (Company Site)
Yum! Brands, Inc. Declares Quarterly Dividend of $0.42 Per ShareRead more (Nov 11, 2019)
Coles Supermarkets Australia Pty Ltd , Australia (Company Site)
Coles announces plan to bring beloved UK products to Aussie stores Read more (Nov 12, 2019)
Dada-JD Daojia , China (Company Site)
Dada-JD Daojia Strengthens Regional Retailers’ Omni-channel Strategy in Lower-tier Cities of China Read more (Nov 11, 2019)
LOJEL , Hong Kong (Company Site)
Japanese luggage brand Lojel opens Hong Kong concept storeRead more (Nov 12, 2019)
INOX Leisure Limited , India (Company Site)
INOX launches Megaplex, the world’s first multiplex with maximum formats and experiences Read more (Nov 11, 2019)
Nearby Technologies Private Limited , India (Company Site)
PayNearby launches own micro ATMs at retail shops; aims 1 lakh deployments in 1st year Read more (Nov 11, 2019)
Paytm , India (Company Site)
Paytm plans to invest Rs 500 crore in tech startups Read more(Nov 11, 2019)
Snapdeal , India (Company Site)
Snapdeal in talks for $100m at valuation of $800m-1.2bn Read more(Nov 12, 2019)
TATA Starbucks Private Limited , India (Company Site)
Starbucks brings in gender pay parity in India Read more (Nov 12, 2019)
Desigual Japan , Japan (Company Site)
Desigual Japan expands as locals embrace edgy label Read more(Nov 12, 2019)
Sanrio Co., Ltd. , Japan (Company Site)
Impressions Vanity Partners with Sanrio for an Exclusive Hello Kitty Collection Read more (Nov 11, 2019)
Uniqlo Co., Ltd , Japan (Company Site)
Uniqlo sales plunge in South Korea Read more (Nov 12, 2019)
IPC Shopping Centre , Malaysia (Company Site)
IPC Shopping Centre Makes a Mark as Food Destination for Families Read more (Nov 11, 2019)
Lazada Group , Singapore (Company Site)
Singles Day started in China but now it’s catching on in Southeast Asia’s growing e-commerce market Read more (Nov 11, 2019)
Lotte Duty Free , South Korea (Company Site)
Lotte DF hosts VIP Gucci Beauty event at Myeongdong store Star Lounge Read more (Nov 11, 2019)
Pomelo Fashion , Thailand (Company Site)
Pomelo Bangkok store network expands Read more (Nov 12, 2019)
There VND Then , Vietnam (Company Site)
There Vnd Then street culture retail concept launches in VietnamRead more (Nov 11, 2019)
Christian Dior SE , France (Company Site)
Dior takes Maison concept to Isetan in Tokyo Read more (Nov 12, 2019)
Aldi , Germany (Company Site)
Aldi launches Frozen 2 range with prices from £1.99 Read more (Nov 11, 2019)
Lidl Stiftung & Co. KG , Germany (Company Site)
Lidl’s Slow U.S. Growth Is A Surprise Read more (Nov 11, 2019)
eShopWorld , Ireland (Company Site)
eShopWorld Announces Key Executive Appointments as Part of Ongoing Growth Strategy Read more (Nov 11, 2019)
CONSUM S. COOP. V. , Spain (Company Site)
Consum will add 34 supermarkets this December Read more (Nov 11, 2019)
El Corte Inglés S.A., , Spain (Company Site)
El Corte Inglés and Mercadona reinforce their leadership in retailRead more (Nov 11, 2019)
Industria de Diseño Textil, S.A. , Spain (Company Site)
Inditex enters the ‘top ten’ of successful systemic companies Read more (Nov 11, 2019)
Mercadona , Spain (Company Site)
Mercadona suppliers launch to Amazon after losing exclusivity Read more (Nov 11, 2019)
Bulldog , United Kingdom (Company Site)
Bulldog is in first cruelty-free brand to launch in China Read more(Nov 11, 2019)
Creed , United Kingdom (Company Site)
Parisian perfumier Creed to launch in India Read more (Nov 12, 2019)
Land Securities Group PLC , United Kingdom (Company Site)
Retail woes wipe £368m off Landsec portfolio value Read more (Nov 12, 2019)
Wm Morrison Supermarkets plc , United Kingdom (Company Site)
Morrisons removes black plastic from own-brand packaging Read more (Nov 11, 2019)

David Zweifler

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

David Zweifler

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