Daily Retail News Monitor – November 15, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Carrefour Brasil , Brazil (Company Site) , Wholesaler/ Retailers
Carrefour Brasil to invest around 2 billion reais per year through 2024 Carrefour Brasil plans to invest around 2 billion reais ($475 million) in 2020 to push forward its digital transformation and expand brick-and-mortar stores, particularly wholesale and convenience formats. The local subsidiary of France’s Carrefour SA is likely to maintain this level of capital expenditure until 2024. Read more (Nov 14, 2019) Future Plans

Amazon.com Inc , United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
Amazon Expands in Las Vegas and Announces Plans to Create 125 New Corporate Jobs Amazon announced an expansion of the company’s workforce in Las Vegas with plans to create 125 additional corporate jobs in the city. To accommodate this growth, the company recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas. This expansion will allow Amazon to more than double its corporate workforce in the area – with teams based in the new Las Vegas office supporting the company’s Human Resources organization. Read more (Nov 14, 2019) Expansion/ Diversification

Mc Millan’s Big & Tall , United States (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Longtime Birmingham retailer to close final location after 50 years in business A longtime clothing retailer will close its final store this year after 45 years in business in Birmingham, AL. McMillan’s Big & Tall will close its Galleria location, which was the lone store left in the longstanding clothing store chain. Read more (Nov 14, 2019) Bankruptcy/ Closure of Units/ Plants

Rebag , United States (Company Site) , E-Commerce
Rebag Expands to Ten Retail Locations Nationwide with a Second Store in Miami, Florida Rebag announces its second retail location in the Southern US, opening a boutique in Dadeland Mall in Miami, Florida. Marking Rebag’s 10th physical retail location in the country, the Dadeland Mall store comes five months after Rebag Miami’s flagship opened in the Design District. Read more (Nov 14, 2019) Expansion/ Diversification

Recreational Equipment, Inc. , United States (Company Site) , Sporting Goods
REI Co-op to open four new stores on November 15 REI Co-op will open four new stores in a single day on November 15, bringing quality outdoor gear, experiences and expertise to Farmington, Utah; Huntsville, Alabama; Oklahoma City and Williston, Vermont. Read more (Nov 14, 2019) Expansion/ Diversification

RH , United States (Company Site) , Home Furnishing Retail
Buffett’s Berkshire reports stake in RH furniture chain Warren Buffett’s Berkshire Hathaway Inc said it has begun investing in RH, the furniture chain once known as Restoration Hardware. Berkshire owned about 1.21 million RH shares worth $206.3 million. Read more (Nov 14, 2019) Sale/ Purchase of Company Stakes

Sears Holdings Corporation , United States (Company Site) (Ticker – SHLDQ) , Department Stores/ Discount Department Stores , SmallCap
Sears is laying off hundreds of corporate employees after announcing 96 store closings Sears is laying off hundreds of corporate workers less than a week after announcing a new round of store closures. The layoffs impacted workers at Sears’ headquarters in Hoffman Estates, Illinois, as well as the company’s offices in San Francisco. The total number of laid-off employees is fewer than 300. Read more (Nov 14, 2019)Employees Related News

SML RFID , United States (Company Site) , Technology
SML RFID opens new Retail Ideation Space in Corby, UK, to showcase retail technology innovations to enhance retail operations SML RFID, the leading provider of RFID tagging products and solutions,announced the launch of its Retail Ideation Space (RIS) in Corby, UK.  Read more (Nov 14, 2019) Expansion/ Diversification

Tupperware Brands Corporation , United States (Company Site) (Ticker – TUP) , Home Furnishing Retail , SmallCap
Tupperware India takes retail count to 17, launches two exclusive brand outlets in Mumbai Tupperware, a global premium homeware brand based out of Orlando, US, inaugurated its exclusive brand outlets in Mumbai, bringing the total count up to seventeen in a short span of three months. Read more (Nov 14, 2019) Expansion/ Diversification

Walmart Inc. , United States (Company Site) (Ticker – WMT) , Wholesaler/ Retailers , LargeCap
Walmart seeks to make it its hub in Central America The Walmart plan of Mexico and Central America for its operation in El Salvador goes beyond strengthening its participation with the construction of a new (Supercenter), as it intends to shape itself as a regional platform. Read more (Nov 14, 2019) Future Plans

AsiaMiniso , China (Company Site) , Retail Chain
The first MINISO IP store opened in Egypt The MINISO x Marvel IP store was opened in Cairo Festival Shopping Center in Egypt. Local consumers and loyal Marvel fans from all over the country were waiting to buy before the opening. Read more (Nov 15, 2019) Expansion/ Diversification

Popcorn General Store , Hong Kong (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Hong Kong streetwear retailer Popcorn General Store opens in Manila Hong Kong urban fashion retailer Popcorn General Store has launched in the Philippines at Ayala Mall Manila Bay in Pasay City. Read more(Nov 15, 2019) Expansion/ Diversification

Flipkart Pvt Ltd. , India (Company Site) , E-Commerce
Sachin Bansal invests Rs 888 cr more in his venture Navi Tech Flipkart cofounder Mr. Sachin Bansal has invested an additional INR 888.5 crore into his latest venture, BAC Acquisitions, recently renamed Navi Technologies. Mr. Bansal has picked up 6.8 crore equity shares in the company, with each share priced at Rs 130. The funds have been infused in Navi Technologies to enable the company to scout for growth opportunities, organic or inorganic, in the broad financial sector space. Read more (Nov 15, 2019) Investments

Medplus , India (Company Site) , Food and Drug Stores
Retail pharmacy chain MedPlus eyes to raise INR 700 crores next month ahead of IPO MedPlus, India’s second-largest retail pharmacy chain, is reportedly eying to raise INR 700 crore through the market ahead of going for an initial public offering (IPO). Read more (Nov 14, 2019) Capital Issues

StyleCracker , India (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
AMJ Ventures invests USD 2 mn in Alia Bhatt-backed fashion-tech start-up StyleCracker Alia Bhatt-backed StyleCracker on Thursday said US-based investor AMJ Ventures has invested USD 2 million (about INR 14 crore) into the company. The fashion-tech start-up will use the funds towards building out further capabilities in machine learning and in strengthening its moat on the personalisation front. Read more (Nov 15, 2019) Investments

Jollibee , Philippines (Company Site) , Food and Drug Stores
Jollibee to open Tim Ho Wan restaurants in China Filipino restaurant operator Jollibee Foods Corporation (JFC) has signed a joint venture agreement with Dim Sum to operate Tim Ho Wan restaurants in China.JFC’s wholly-owned subsidiary Golden Plate will own 60 percent of the joint venture and Dim Sun will own the remaining 40 per cent. The two companies have committed to invest US$13 million in the venture, of which up to US$7.8 million will be contributed by GPPL. Read more (Nov 15, 2019) Joint Ventures

EuropeMaisons du Monde , France (Company Site) , Home Furnishing Retail
Maisons du Monde continues expansion into USA with their second store to open in Aventura, FL Leading furniture and home décor brand, Maisons du Monde announced a new store location in Florida opening in the exquisite Aventura Mall, the state’s largest shopping destination, on November 15th, 2019. Read more (Nov 15, 2019) Expansion/ Diversification

Burberry Group PLC , United Kingdom (Company Site) (Ticker – BRBY) , Hypermarket/ Supermarket/ Superstore , SmallCap
Burberry aims to woo more customers in China with Tencent tie-up British luxury brand Burberry said it has joined forces with China’s Tencent for a new digital marketing and sales push to tap the nation’s increasingly social media savvy shoppers in a critical luxury market. Burberry said it will open a so-called “social retail” store in Shenzhen in China’s technology hub powered by Tencent technology in the first half of next year that will blend retail and social media to create digital and physical spaces aimed at attracting customers. Read more (Nov 14, 2019) Contracts/ Deals


Section B – Global Retailing Other News: By Region, Country and Company Name
Distrito Arcos , Argentina (Company Site)
Patio Bullrich and Arcos District increased their sales for the first quarter Read more (Nov 14, 2019)
Martinez coffee , Argentina (Company Site)
Café Martínez awarded in Effies awards edition Read more (Nov 14, 2019)
Alimentation Couche-Tard Inc. , Canada (Company Site)
Alimentation Couche-Tard to Release its Second Quarter Results for Fiscal Year 2020 on November 26, 2019 Read more(Nov 14, 2019)
Choom Holdings Inc , Canada (Company Site)
Choom to Present at Bryan, Garnier & Co Cannabis ConferenceRead more (Nov 14, 2019)
Loblaws Inc. , Canada (Company Site)
Loblaw testing micro-fulfillment centers Read more (Nov 14, 2019)
Walmart Canada , Canada (Company Site)
Walmart Canada and DLT Labs ™ Introduce World’s Largest Complete Production Blockchain Solution for Industrial Use Read more (Nov 14, 2019)
Empresas La Polar S.A. , Chile (Company Site)
La Polar sales fall 40% Read more (Nov 14, 2019)
Comercial City Fresko , Mexico (Company Site)
Fresko inaugurated in Guadalajara Read more (Nov 14, 2019)
Abercrombie & Fitch , United States (Company Site)
Abercrombie & Fitch Co. Reports Declaration of Quarterly Cash Dividend of $0.20 Per Share Read more (Nov 14, 2019)
Amazon.com Inc , United States (Company Site)
More Amazon customers in India are setting up Alexa-controlled smart homes Read more (Nov 15, 2019)
Amazon.com Inc , United States (Company Site)
Amazon trims German delivery charges for groceries Read more (Nov 14, 2019)
Amazon.com Inc , United States (Company Site)
Amazon Opens 4 Star Store at Stonebriar Centre in Frisco, Texas Read more (Nov 14, 2019)
Animal Supply Company LLC  , United States (Company Site)
Animal Supply Company Partners with Major eCommerce Platforms Read more (Nov 14, 2019)
Barnes & Noble, Inc. , United States (Company Site)
Barnes & Noble Announces 2019 Signed Editions from Renowned Authors and Celebrities Just in Time for the Holiday Season Read more (Nov 14, 2019)
Blue Life , United States (Company Site)
Blue Life Debuts New Website for “Try Before Buying” Fashion Line Read more (Nov 14, 2019)
CareerFlex , United States (Company Site)
CareerFlex, an Innovative Tech-Enabled Outplacement Service Launches Today Read more (Nov 14, 2019)
Carter’s, Inc. , United States (Company Site)
Carter’s Expands Preemie Collection Read more (Nov 14, 2019)
Cypress Equities , United States (Company Site)
Cypress Equities Announces The Grand Opening Of Legacy Square Read more (Nov 15, 2019)
Dillard’s Inc. , United States (Company Site)
Dillard’s, Inc. Reports Third Quarter Results Read more (Nov 14, 2019)
Dollar Tree Stores, Inc. , United States (Company Site)
FDA issues warning letter to Dollar Tree stores for receiving potentially unsafe drugsRead more (Nov 14, 2019)
Duluth Holdings Inc , United States (Company Site)
Duluth Holdings Enters Tennessee with Two New Stores Read more (Nov 14, 2019)
Friendly’s , United States (Company Site)
Friendly’s Restaurants Issues Statement Regarding Dean Foods Bankruptcy Filing Read more (Nov 14, 2019)
Gap Inc , United States (Company Site)
Gap Inc. Announces Fourth Quarter Dividend Read more (Nov 14, 2019)
GovX, Inc. , United States (Company Site)
GovX Community Raises Nearly $10,000 for Concerns of Police Survivors Read more (Nov 14, 2019)
Hanesbrands , United States (Company Site)
HanesBrands about to double Champion Asia store network Read more (Nov 15, 2019)
Kentucky Fried Chicken , United States (Company Site)
KFC Introduces New Nashville Hot Chicken & Waffles: The Most Delicious Union Of All Time Just Got Hotter Read more (Nov 14, 2019)
Macy’s , United States (Company Site)
Macy’s is opening its doors to Black Friday shoppers on Thanksgiving Read more (Nov 14, 2019)
MahoganyBooks , United States (Company Site)
MahoganyBooks owner Derrick Young talks diversity in retail, expansion plans Read more (Nov 14, 2019)
McDonald’s Corporation , United States (Company Site)
McDonald’s to speed shift away from plastic in Europe Read more (Nov 14, 2019)
Nordstrom Inc , United States (Company Site)
Nordstrom invests in plus-size startup 11 Honoré Read more(Nov 14, 2019)
OrderMyGear , United States (Company Site)
Sports, Inc. and OrderMyGear Form Strategic Partnership to Broaden eCommerce Utility for Dealers in Team and Sports Industry Read more (Nov 14, 2019)
Punchh Inc. , United States (Company Site)
Punchh lands $40M to give physical retailers Amazon-style analytics Read more (Nov 14, 2019)
Retail Properties of America, Inc. , United States (Company Site)
Retail Properties of America, Inc. To Report Fourth Quarter And Full Year 2019 Financial Results Read more (Nov 15, 2019)
SheerID , United States (Company Site)
SheerID Raises $64 Million to Accelerate Growth in Identity Marketing Read more (Nov 14, 2019)
Shoptalk , United States (Company Site)
Shoptalk makes a statement with a conference featuring only women speakers Read more (Nov 14, 2019)
Smart & Final , United States (Company Site)
Smart & Final Promotes Sean Mahony and Matt Reeve to Senior Vice President Roles Read more (Nov 14, 2019)
Sotheby’s , United States (Company Site)
Sotheby’s Auction House Launches Wine Brands Part 2 Read more (Nov 14, 2019)
TAP Network , United States (Company Site)
TAP Network Adds former Visa and American Express Senior Executive to Advisory Board Read more (Nov 15, 2019)
The Kroger Co , United States (Company Site)
Kroger names location for sixth Ocado warehouse Read more(Nov 14, 2019)
The Michaels Companies, Inc. , United States (Company Site)
Michaels Strengthens Senior Leadership Team Read more (Nov 14, 2019)
U.S. Polo Assn. , United States (Company Site)
U.S. Polo Assn. Expands Collegiate Partnership Program with Record Number of Polo Clubs Read more (Nov 14, 2019)
Walmart Inc. , United States (Company Site)
Walmart takes $290m hit on Jabong Read more (Nov 15, 2019)
Walmart Inc. , United States (Company Site)
Walmart Gets Serious About Programmatic Sales; Viacom-Owned Pluto Reaches 20M Read more (Nov 15, 2019)
Walmart Inc. , United States (Company Site)
Walmart Extends Quarterly Sales Growth Streak Read more (Nov 14, 2019)
Walmart Inc. , United States (Company Site)
Walmart hires off-duty officers ahead of El Paso reopeningRead more (Nov 14, 2019)
Walmart Inc. , United States (Company Site)
Walmart Inc. sues 32 Colorado counties to shrink tax bills Read more (Nov 14, 2019)
Wawa, Inc. , United States (Company Site)
Wawa Announces Plans for 2020 Maryland Expansion at Newest City of Baltimore Store Ground Breaking, Reveals Specifics About 50th Anniversary Celebration in Maryland Read more (Nov 14, 2019)
Wine.com , United States (Company Site)
Wine.com releases the “Wine.com 100” and “50 Most Intriguing” Wine Lists Read more (Nov 14, 2019)
Wolfe, LLC , United States (Company Site)
Wolfe, LLC Announces Opening of New Fulfillment Center for PerfectGift.com and Gift Card Granny Read more (Nov 14, 2019)
Quest Payment Systems , Australia (Company Site)
IDEX and Quest Payment Systems sign agreement to deliver biometric smart cards in Australasia Read more (Nov 14, 2019)
China Jo-Jo Drugstores Inc. , China (Company Site)
China Jo-Jo Drugstores Reports Second Quarter 2020 Financial Results Read more(Nov 14, 2019)
Samsonite International S.A , Hong Kong (Company Site)
Samsonite sees third-quarter sales, operating profit fall Read more (Nov 15, 2019)
Subway Hong Kong , Hong Kong (Company Site)
Subway Hong Kong marks World Sandwich Day Read more (Nov 15, 2019)
Apollo Hospitals Enterprise Limited , India (Company Site)
Apollo Hospitals PBT grows 39.3% in Q2 on higher occupancy, new business Read more (Nov 14, 2019)
Flipkart Pvt Ltd. , India (Company Site)
Flipkart to collect plastic packaging back from customers in 7 cities including Delhi, Mumbai Read more (Nov 14, 2019)
Future Lifestyle Fashions Limited , India (Company Site)
Future Lifestyle Q2 net profit down 66.2 pc to Rs 11.87 cr Read more (Nov 15, 2019)
Pumpkart , India (Company Site)
Punjab govt signs MoU with e-retailer Pumpkart Read more (Nov 14, 2019)
Spencer’s Retail Ltd , India (Company Site)
Spencer’s Retail posts Rs 16 crore Q2 loss, revenue rises 8%Read more (Nov 14, 2019)
TATA Starbucks Private Limited , India (Company Site)
Tata Starbucks achieves 100% pay equity Read more (Nov 14, 2019)
Mizuho Bank, Ltd , Japan (Company Site)
Japan’s Mizuho posts 19.9% drop in H1 profit on retail weakness Read more (Nov 15, 2019)
Toppen Shopping Centre , Malaysia (Company Site)
Malaysia’s Toppen Shopping Centre opens, bringing a raft of new brands to Johor Bahru Read more (Nov 15, 2019)
Lazada Group , Singapore (Company Site)
Lazada has a record-breaking Singles’ Day Read more (Nov 15, 2019)
Puma SE , Germany (Company Site)
Puma launches its first-ever Smartwatch on top of the Empire State building Read more (Nov 14, 2019)
Adyen , Netherlands (Company Site)
Adyen keeps focus on organic growth as it launches cards product Read more (Nov 14, 2019)
Axfood AB , Sweden (Company Site)
Axfood publ : Simone Margulies named as new President of Hemköp Read more (Nov 15, 2019)
Asda Stores Ltd , United Kingdom (Company Site)
Asda bosses blame Brexit uncertainty for sales dip Read more(Nov 14, 2019)
Burberry Group PLC , United Kingdom (Company Site)
Burberry strategy “on track” despite Hong Kong protests denting sales Read more(Nov 14, 2019)
Card Factory PLC , United Kingdom (Company Site)
Card Factory expansion continues as revenue increases Read more (Nov 14, 2019)
Farfetch Limited , United Kingdom (Company Site)
Farfetch Announces Third Quarter 2019 Results Read more (Nov 14, 2019)
Shop Direct , United Kingdom (Company Site)
Shop Direct secures £150m funding, dodges turmoil from surge in PPI claims Read more (Nov 14, 2019)
The Fragrance Shop , United Kingdom (Company Site)
Lifestyle Outlets welcomes The Fragrance Shop to Lowry Outlet Read more (Nov 14, 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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