Daily Retail News Monitor – November 18, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Africa/Middle East
Cape Union Mart International (Pty) Ltd , South Africa (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Oracle : Iconic South African Retailer Boosts Agility with Oracle Outdoor and Fashion retailer and manufacturer, Cape Union Mart International Pty Ltd, Inc. has selected Oracle to modernize its retail operations. With the Oracle Retail Cloud, the company plans to fuel growth across all sales channels with better inventory visibility and more sophisticated merchandise assortments that keep shoppers coming back for more. Read more (Nov 15, 2019) Contracts/ Deals
Americas
Blue Star Group , Argentina (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Blue Star Group stomps in Brazil with six Todomoda stores Blue Star Group, a leader in fashion accessories and accessories through its Todomoda and Isadora brands, disembark San Pablo (Brazil) during the month of November with the inauguration of six Todomoda stores. With these new openings, Blue Star Group reinforces its solid expansion plan, complementing its presence in Mexico, Peru and Chile, where it reaffirms its position in the global accessories retail market. Read more (Nov 15, 2019) Expansion/ Diversification
Episerver , United States (Company Site) , Digital Commerce , Private
Episerver acquires IdioEpiserver, a cloud-based technology provider for digital commerce, web content management, digital experience, and personalization, today announced that it has acquired Idio. Idio, headquartered in London, is a technology firm that uses content and predictive analytics to create customized buying experiences for customers. Both firms are private, and terms of the deal were not disclosed.Read more (Nov 18, 2019) Mergers and Acquisitions
Khiron Life Sciences Corp , Canada (Company Site) (Ticker – KHRN) , Food and Drug Stores , MicroCap
Khiron Launches Kuida Brand in the US, Begins First Sales Khiron Life Sciences Corp., a vertically integrated cannabis leader with core operations in Latin America, announced the official launch of the Company’s Kuida brand in the United States. Beginning this Wednesday, November 20, Kuida’s line of CBD skincare products will become available for purchase to US consumers at retail, initially in Los Angeles, before a planned expansion in priority US states where sale of hemp-derived CBD is permitted. Read more (Nov 18, 2019) New Business/ Service
Asia
Cotton On Group , Australia (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Cotton On launches in Vietnam Australia’s Cotton On Group is launching three of its fashion and lifestyle brands into Vietnam, with the first Cotton On store already open in Ho Chi Minh City. The expansion was facilitated through an exclusive partnership with Imex Pan Pacific Group, which has brought over 100 international brands to the region. Read more (Nov 18, 2019) Expansion/ Diversification
DaraPay , Cambodia (Company Site) , E-Commerce
DaraPay Announces Strategic Partnership with Chinese Tech Giant- Alipay DaraPay, the leading mobile E-wallet and payment service providers, announces its partnership with Alipay, world’s leading payment and lifestyle platform operated by Ant Financial. With this partnership, Chinese tourists can scan and pay with their Alipay app at all DaraPay merchants with more than 3,000 outlets in Phnom Penh, Kandal, Kampong Cham, Siem Reap and Battambang province. Read more (Nov 18, 2019) Contracts/ Deals
AliExpress , China (Company Site) , E-Commerce
Aliexpress will open its first physical store in Barcelona on November 29 AliExpress, the electronic commerce platform of the Chinese giant Alibaba, will open its first physical store in Barcelona on November 29, the second in the whole of Spain after the opening of the intu Xanadú shopping center in the Madrid town of Arroyomolinos. The new establishment will be located in the Finestrelles de Esplugues de Llobregat shopping center (Barcelona). Read more (Nov 15, 2019) Expansion/ Diversification
JD.com, Inc. , China (Company Site) (Ticker – JD) , E-Commerce , LargeCap
Giant JD E-space store to open on Singles Day in Chongqing Chinese e-commerce company JD will open its largest offline store to date, in Western China. The 50,000sqm JD E-Space experience store opens on Singles Day in Chongqing, with 5G-driven technology center place. The company intends to enhance shopping by offering unique and immersive experiences, allowing customers to interact fully with state-of-the-art, innovative, and smart products from more than 1000 of the world’s leading brands in various themed experience areas. Read more (Nov 18, 2019)Expansion/ Diversification
Jollychic , China (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Tamer Group partners with Jollychic to meet the demand of today’s digital consumers Tamer Group has entered into a joint venture agreement with Jollychic, a global online retail platform based in China. The objective of this partnership is to meet the demand of today’s digital consumers, promising to jazz up the e-commerce market in the Kingdom. The partnership between Tamer Group and Jollychic aims to combine Tamer Group’s long experience and knowledge of the local market, with Jollychic’s expertise in the field of e-commerce. Read more (Nov 18, 2019) Joint Ventures
Future Lifestyle Fashions Limited , India (Company Site) (Ticker – 536507) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Blackstone invests in Future Lifestyle Fashions and its Holding Company Blackstone and Future Lifestyle Fashions Limited announced that funds managed by Blackstone have invested Rs 1,750 crore (including by way of debentures) in Ryka Commercial Ventures Pvt Ltd, the holding company of FLFL, and FLFL. With this transaction, Blackstone will be the only financial partner in Ryka. As a part of the transaction, Blackstone has also acquired a 6 percent stake in FLFL through a block deal with Ryka. Read more (Nov 15, 2019) Investments
Pacific Mall Dwarka , India (Company Site) , Hypermarket/ Supermarket/ Superstore
Pacific Group operationalizes Dwarka’s first organised retail in Delhi The renowned Pacific group has announced operationalization of its highly anticipated project – D21, the first organised retail of Dwarka (Delhi) with 100 plus brands spread over the area of 3 lakh sq.ft. The newly operational shopping mall is not only the first organised retail mall of the sub-city but also first of its kind development within Metro Station with Hypermarket, Lifestyle, Fashion, Food and Entertainment. Read more (Nov 15, 2019) Expansion/ Diversification
Raymond Group , India (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Raymond bets big on small towns Raymond recently demerged its lifestyle business comprising branded apparel, branded textile and garmenting from its other businesses namely, FMCG, realty, auto components, and tools and hardware, to “unlock the potential of its textile and apparel business”. Apart from launching a ready-to-wear range, shoes, accessories and a premium service called Raymond Made to Measure over the last five years, Raymond has recently added ethnic wear and athleisure to its offerings. The company has been rapidly expanding its retail footprint, claiming to open “nearly one store a day”. Read more (Nov 18, 2019) Expansion/ Diversification
Matsumoto Kiyoshi , Japan (Company Site) , Food and Drug Stores
Matsumoto Kiyoshi drugstore to set up joint venture in Vietnam Japanses drugstore operator Matsumoto Kiyoshi is to open stores in Vietnam in partnership with a local company, Lotus Food Group. The two parties have formed a joint venture, Matsumoto Kiyoshi Vietnam JSC, to operate a drugstore chain under the name MatsuKiyo in Vietnam. In Japan, Matsumotokiyoshi operates stores under the banner Matsumoto Kiyoshi. Read more (Nov 18, 2019) Expansion/ Diversification
Europe
Cleor , France (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Italian jeweller Morellato buys French chain Cleor Italian jewellery and watch group Morellato has bought French jewellery retail chain Cleor with an investment of almost 50 million euros ($55 million). The acquisition marks a further expansion by Morellato in the French market and bucks the recent trend of Italian luxury brands falling into French hands. Read more (Nov 15, 2019) Mergers and Acquisitions
Gucci , Italy (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Gucci has opened themed temporary stores, called ‘Pin’ Gucci will open stores in major cities like Paris, Seoul and Hong Kong, and will focus on specific themes related to the range of products on offer. Gucci Pin will feature an interactive, immersive digital experience thanks to augmented reality technology, which is also set to be introduced in some of Gucci’s permanent stores in 2020. The first theme for the Pin stores is associated with the Gift Giving 2019 collection, celebrating the famous Flora motif applied to Gucci’s Ophidia handbag range. Read more (Nov 15, 2019)Expansion/ Diversification
QUIZ , United Kingdom (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Fashion Retailer Quiz Partners With True Fit to Enhance Customer Experience by Eliminating Fit and Sizing Guesswork Quiz, the British fast fashion retailer, has partnered with fashion personalisation platform True Fit to integrate its True Confidence™ solution onto Quiz’s e-commerce site. The solution, which supports Quiz’s strategy to enhance the shopping experience for all customers, is now available for customers to use when buying products within any of Quiz’s clothing collections, including the brand’s Curve and Petite ranges. Read more (Nov 18, 2019) Contracts/ Deals
Sage Pay , United Kingdom (Company Site) , E-Commerce
Elavon Acquires Sage Pay, Expanding Its Presence and Services for Customers in the UK, Ireland Elavon, global merchant acquirer and subsidiary of U.S. Bancorp, has agreed to acquire Sage Pay, a well-known and established payments gateway business in the United Kingdom and Ireland. Sage Pay is a division of The Sage Group plc (SGE), a FTSE-listed market leader in cloud business management solutions. The acquisition is part of Elavon’s strategy to help its business customers grow as the global economy becomes more digital, and as businesses look to streamline their operations with software that includes payments capabilities. Read more (Nov 18, 2019) Mergers and Acquisitions
Superdry PLC , United Kingdom (Company Site) (Ticker – SDRY) , Apparel/ Footwear/ Personal Goods Specialty , MidCap
Superdry Plc: Business as Usual for Superdry in Norway Iconic British fashion brand Superdry has reaffirmed its commitment to the Norwegian market as the brand gears up for an exciting new era, returning to its design-led roots under founder and CEO Julian Dunkerton. Superdry remains available in 120 locations across Norway including a new Shop in Shop within the Steen & Strøm department store in Oslo, which features Superdry’s latest cutting-edge store design. Superdry products remain available to consumers all over Norway – the brand is sold not only through Superdry branded stores but also through independent fashion stores and online. Read more (Nov 18, 2019) New Business/ Service
The Conran Shop , United Kingdom (Company Site) , Home Furnishing Retail
The Conran Shop partners with Lotte for new store in Korea London-based high-end lifestyle retailer The Conran Shop has joined hands with Lotte Department Store to bring its first outlet to Korea. The two-story shop, which covers 3,305 square meters, is located at the Lotte Department Store Gangnam branch in Seoul. The new shop is the company’s 12th global location, following cities such as Paris and Tokyo. Read more (Nov 18, 2019) Contracts/ Deals

 

Section B – Global Retailing Other News: By Region, Country and Company Name
Africa/Middle East
Ontime.com , Kuwait (Company Site)
ONTIME.COM celebrates its 2nd birthday Read more (Nov 17, 2019)
Pick ‘n Pay Stores Limited , South Africa (Company Site)
Pick n Pay Stores : No Resolution in Sight for Cape Town OccupationRead more (Nov 15, 2019)
Jumbo Electronics , United Arab Emirates (Company Site)
Jumbo Electronics launches complete Smart Home solutions for customers in the UAE Read more (Nov 17, 2019)
Americas
Dafiti , Brazil (Company Site)
Dafiti controller grows 24% and improves profitability Read more (Nov 15, 2019)
Via Varejo SA , Brazil (Company Site)
Brazil’s Via Varejo says probe into alleged fraud has not uncovered anything so far Read more (Nov 15, 2019)
Gildan Activewear Inc. , Canada (Company Site)
Gildan provides webcast details related to its 2019 Institutional Investor and Analyst Conference Read more (Nov 15, 2019)
High Tide Inc. , Canada (Company Site)
High Tide Issues $2 Million of Convertible Debentures Read more (Nov 15, 2019)
Plaza Retail REIT , Canada (Company Site)
Plaza Retail REIT Announces November 2019 Distribution Read more(Nov 15, 2019)
Farmacias Cruz Verde , Chile (Company Site)
Cruz Verde and its shared value creation strategy Read more(Nov 15, 2019)
La Ceiba Shopping Center , Colombia (Company Site)
La Ceiba Shopping Center will arrive in Jamundí becoming a trend Read more(Nov 15, 2019)
Parque La Colina , Colombia (Company Site)
Sales of merchants grow 17% in Parque Colina Read more (Nov 15, 2019)
Real Plaza Puruchuco , Peru (Company Site)
Real Plaza Puruchuco opens with 70% of stores open Read more(Nov 18, 2019)
Tottus , Peru (Company Site)
Hypermarkets Tottus opened a new store in the Puruchuco shopping centerRead more (Nov 18, 2019)
Tottus , Peru (Company Site)
Supermarkets partner with Orders Now to deliver Read more (Nov 15, 2019)
Amazon.com Inc , United States (Company Site)
U.S. defense chief rejects Amazon’s accusations of bias in cloud contract Read more (Nov 15, 2019)
Bojangles’ Inc. , United States (Company Site)
Bojangles’® Franchisee FDY, Inc. Opens Second Location at Charlotte Douglas International Airport Read more (Nov 15, 2019)
Cresco Labs, Inc. , United States (Company Site)
Cresco Labs Wins Two Recreational Retail Licenses for Sunnyside* Dispensaries in Chicago’s Prestigious Central District Read more (Nov 15, 2019)
D1 Stores , United States (Company Site)
D1 plans to open 400 stores by 2020 Read more (Nov 15, 2019)
David Yurman Enterprises LLC , United States (Company Site)
David Yurman Introduces “An Enchanted Holiday” Read more (Nov 15, 2019)
Dick’s Sporting Goods, Inc , United States (Company Site)
DICK’S Sporting Goods Names Anne Fink to its Board of DirectorsRead more (Nov 15, 2019)
Dunkin’ , United States (Company Site)
Dunkin’ bans the ‘double-cup’ as it swaps foam for paper Read more (Nov 18, 2019)
FedEx Corporation , United States (Company Site)
FedEx Corp. Board Declares Quarterly Dividend Read more (Nov 15, 2019)
Forum , United States (Company Site)
Forum Opens to the Public Today Read more (Nov 16, 2019)
Hannaford Brothers Company , United States (Company Site)
Maine supermarket chain launches school food pantry drive Read more (Nov 15, 2019)
J. C. Penney Company, Inc , United States (Company Site)
JCPenney Reports Third Quarter 2019 Financial Results Read more (Nov 15, 2019)
Kathy Ireland Worldwide , United States (Company Site)
kathy ireland® Worldwide Partners with Real Estate Online Platform Padlist Read more (Nov 15, 2019)
Lowe’s Companies, Inc , United States (Company Site)
Lowe’s is once again stretching its holiday deals beyond Black Friday Read more (Nov 17, 2019)
LYCRA Company , United States (Company Site)
The LYCRA Company Annnounces GRS Certification for Its New LYCRA® EcoMade Fiber Read more (Nov 18, 2019)
McDonald’s Corporation , United States (Company Site)
McDonald’s New McFlurry Will Hit Stores Soon Read more (Nov 16, 2019)
McDonald’s Corporation , United States (Company Site)
20% of McDonald’s stores have suffered damage during social outbreak Read more (Nov 15, 2019)
MedMen Enterprises Inc. , United States (Company Site)
MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDARead more (Nov 16, 2019)
National Retail Properties, Inc. , United States (Company Site)
National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock Read more (Nov 15, 2019)
Neighborhood Goods , United States (Company Site)
Neighborhood Goods to open in New York Read more (Nov 15, 2019)
Nordstrom Inc , United States (Company Site)
Nordstrom and Rent the Runway drive future of retail Read more (Nov 16, 2019)
PriceSmart, Inc , United States (Company Site)
PriceSmart opens its fourth Shopping Club in the country Read more(Nov 15, 2019)
Quotient Technology Inc. , United States (Company Site)
Quotient Technology to Present at RBC Global Technology, Internet, Media and Telecommunications Conference Read more(Nov 15, 2019)
Qurate Retail Group , United States (Company Site)
Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029Read more (Nov 16, 2019)
Rave Restaurant Group, Inc. , United States (Company Site)
RAVE Restaurant Group, Inc. Announces Strategic Leadership Additions Read more (Nov 16, 2019)
SENREVE , United States (Company Site)
Consumer Luxury Brand, SENREVE, raises $16.75M in Series-A Funding Read more (Nov 18, 2019)
Southeastern Grocers , United States (Company Site)
Southeastern Grocers Donates 7,850 Thanksgiving Turkeys to Feed Hungry Families Read more (Nov 15, 2019)
Starbucks Corporation , United States (Company Site)
Starbucks pickup store concept unveiled Read more (Nov 15, 2019)
Stop & Shop Supermarket , United States (Company Site)
Stop & Shop Appoints Mary Lynn Phillips as Senior Vice President of Finance Read more (Nov 15, 2019)
SuperValu, Inc. , United States (Company Site)
Aureus Inc./Yuengling’s Ice Cream Begins shipments to SuperValu, Inc Read more (Nov 16, 2019)
Surge Holdings, Inc , United States (Company Site)
Surge Holdings Reports 21% Increase in Revenue to $4.9 Million for the Third Quarter of 2019 and Provides Business Update Read more(Nov 15, 2019)
Target Corporation , United States (Company Site)
Target integrates Shipt into its mobile app Read more (Nov 15, 2019)
Target Corporation , United States (Company Site)
Target Corporation : quaterly earnings release Read more (Nov 15, 2019)
The Coca-Cola Company , United States (Company Site)
Sprite Switching from Green to Clear PET bottles in Southeast AsiaRead more (Nov 15, 2019)
The OLB Group, Inc , United States (Company Site)
OLB Group, Inc. Announces Third Quarter Results and Provides Company Update Read more (Nov 15, 2019)
The Tile Shop , United States (Company Site)
The Tile Shop opens new store in Lee’s Summit Read more (Nov 16, 2019)
USA Technologies Inc. , United States (Company Site)
National Entertainment Network Expands Relationship with USA Technologies for Cashless Payments Read more (Nov 15, 2019)
Walmart Inc. , United States (Company Site)
Walmart Names Kathryn McLay to Lead Sam’s Club Read more(Nov 15, 2019)
Zebra Technologies Corporation , United States (Company Site)
Zebra Study: 75 Percent of Millennials Abandon In-Store Purchases; Led by Out-of-Stocks Read more (Nov 15, 2019)
Asia
Lyka , Australia (Company Site)
Lyka Raises $500,000 in Pre-seed Funding to Disrupt the Australian Dog Food Industry Read more (Nov 17, 2019)
Alibaba Group Holding Limited , China (Company Site)
Alibaba Group launches Hong Kong public retail offering Read more(Nov 18, 2019)
Alipay , China (Company Site)
Alipay wants to help 10 million European businesses reach 2 billion consumers within five years Read more (Nov 18, 2019)
iQIYI, Inc. , China (Company Site)
iQIYI’s Self-Developed Watermarking System Passes ChinaDRM Lab’s Evaluation Test, Marked as Another Breakthrough in Copyright Protection Read more (Nov 18, 2019)
JD.com, Inc. , China (Company Site)
JD.com Announces Third Quarter 2019 Results Read more (Nov 15, 2019)
DFS Group , Hong Kong (Company Site)
The first ever DFS T Galleria at sea to open on board Dream Cruises ships Read more (Nov 18, 2019)
Global Brands Group Holding Limited , Hong Kong (Company Site)
Global Brands back on track as margins and profit grow Read more (Nov 18, 2019)
Kerry Logistics Network Limited , Hong Kong (Company Site)
Kerry Logistics wins two awards in Singapore Read more (Nov 18, 2019)
Miniso Hong Kong , Hong Kong (Company Site)
Miniso Hong Kong shutters stores, docks staff pay due to protests Read more (Nov 18, 2019)
Bella Casa Fashion Retail Limited , India (Company Site)
Bella Casa Fashion & Retail standalone net profit rises 16.15% in the September 2019 quarter Read more (Nov 16, 2019)
Burger Singh , India (Company Site)
Burger Singh Gets An Extra Serving Of Funds From Singapore’s RB Investments Read more (Nov 15, 2019)
Cantabil Retail India Ltd , India (Company Site)
Cantabil aligns production with sales Read more (Nov 18, 2019)
EarlySalary , India (Company Site)
Consumer lending platform EarlySalary records over 1 million loans disbursal for more than INR 1,850 cr Read more (Nov 15, 2019)
Flipkart Pvt Ltd. , India (Company Site)
Flipkart and Amazon clock Rs 31,000 crore in festive sales Read more(Nov 18, 2019)
Future Retail Limited , India (Company Site)
Kishore Biyani-led Future Retail Q2 net profit down 7% at Rs 165.08 cr Read more (Nov 15, 2019)
Ninjacart , India (Company Site)
Jumbotail, NinjaCart raise more as B2B Ecomm finds love Read more (Nov 15, 2019)
Nykaa , India (Company Site)
Nykaa fixes a data security bug Read more (Nov 18, 2019)
Raisin , India (Company Site)
Contemporary fashion label, Raisin, associates with Project EveRead more (Nov 15, 2019)
Sahakari Bhandar  , India
Sahakari Bhandar: From a staid consumer co-operative to a modern and eco-freindly grocery chain Read more (Nov 15, 2019)
Shiprocket , India (Company Site)
Logistics platform Shiprocket turns profitable, wants to become Amazon Prime for non-prime members Read more (Nov 18, 2019)
Simsim , India (Company Site)
Indian social commerce startup Simsim secures $6m from Accel, Shunwei, others Read more (Nov 15, 2019)
Wildcraft India , India (Company Site)
Wildcraft India bags a deal to make rucksacks for the Indian Army Read more(Nov 15, 2019)
KinerjaPay , Indonesia (Company Site)
KinerjaPay Corp. Further Update on Financing Read more (Nov 15, 2019)
BookXcess , Malaysia (Company Site)
BookXcess opens ‘book tunnel at Malaysia’s Sunsuria ForumRead more (Nov 15, 2019)
AllHome Corporation , Philippines (Company Site)
AllHome earnings up 22% to P746 million Read more (Nov 16, 2019)
Giftano , Singapore (Company Site)
Singapore online gift card startup bags $845k in seed funding Read more (Nov 15, 2019)
Mystifly , Singapore (Company Site)
Mystifly Announces Launch of ‘OnePoint C2’ – Industry’s First API Tailored to Elevate Air Travel Retailing Experience Read more(Nov 17, 2019)
Europe
Bijenkorf Department Store , Belgium (Company Site)
Bijenkorf department store scraps Christmas lights show to cut costs Read more (Nov 15, 2019)
Golden Goose S.p.A. , Italy (Company Site)
Golden Goose adds NFC tags to limited edition sneakers Read more(Nov 15, 2019)
Herno S.p.A. , Italy (Company Site)
HERNO opens on Old Bond Street Read more (Nov 15, 2019)
Detsky Mir PAO , Russia (Company Site)
Russian toy retailer Detsky Mir’s co-owners announce SPO Read more (Nov 15, 2019)
Industria de Diseño Textil, S.A. , Spain (Company Site)
Inditex repeats as the Spanish fashion company with the most valuable intangibles Read more (Nov 15, 2019)
IKEA , Sweden (Company Site)
IKEA sells its first smart LED decorative bulb Read more (Nov 15, 2019)
Boswells of Oxford Limited , United Kingdom (Company Site)
Boswells department store, Oxford, plans revamp after cafe closes Read more(Nov 15, 2019)
PizzaExpress , United Kingdom (Company Site)
Chinese-owned Pizza Express faces tough debt decision Read more(Nov 18, 2019)
Temperley London , United Kingdom (Company Site)
Temperley London opens pop-up store in Victoria Leeds Read more (Nov 15, 2019)
Tesco PLC , United Kingdom (Company Site)
All fishing in the same talent pool: Tesco CTO Guus Dekkers Read more (Nov 18, 2019)
Tesco PLC , United Kingdom (Company Site)
Tesco launches Christmas advert featuring time-travelling delivery driver Read more (Nov 15, 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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