Daily Retail News Monitor – November 19, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Americas
EQ3 , Canada (Company Site) , Home Furnishing Retail
Canadian Home Furnishings Retailer ‘EQ3’ Opens Impressive NYC Flagship Amid Expansion Canadian home furnishings retailer, EQ3, opened its first – and flagship – store in New York City recently as the company continues to expand its footprint across North America. The company is opening six new stores this year. Read more (Nov 19, 2019) Expansion/ Diversification

Mercato, Inc , United States (Company Site) , Grocery Stores
Mercato expands in Malaysia with Gurney store Upscale supermarket chain Mercato is expanding its retail presence in Malaysia, with its latest store opening in Gurney. Serving as the premium grocer’s first Penang store, the new Gurney outlet takes Mercato Malaysia’s store count to three. Its other stores are Mercato Pavilion and Mercato Hartamas, in Kuala Lumpur, with plans to expand into more of Malaysia including Klang Valley. Read more (Nov 19, 2019) Expansion/ Diversification


Nike, Inc. , United States (Company Site) (Ticker – NKE) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
USA: Nike expands its local store concept Nike is taking its data-driven, small-store format to the next level. The athletic goods giant has expanded its Nike Live store format to two additional locations: Long Beach, Calif., and Tokyo. Nike piloted the concept, which is focused on localization, personal service, digital integration and convenience, last July, on Melrose Avenue in Los Angeles. Read more (Nov 18, 2019) Expansion/ Diversification


Nordstrom Inc , United States (Company Site) (Ticker – JWN ) , Department Stores/ Discount Department Stores , MidCap
Stella & Dot Strikes Deal With Nordstrom Digital native Stella & Dot is hitting the bricks with its first entry into physical retail, thanks to a deal inked with Nordstrom. The direct-to-consumer brand, which has been operating online or through ambassadors for a decade, will be fanning out to Nordstrom stores and its web site. Read more (Nov 18, 2019) Contracts/ Deals


Par Mar Convenience Store , United States (Company Site) , Convenience/ Forecourt Store
Par Mar Acquires Mountaineer Mart Par Mar Convenience Stores has reached a deal to acquire Mountaineer Marts, a 17-store chain based in Buckhannon, W.Va. The deal brings Par Mar’s store count to 137 units in four states — West Virginia, Ohio, Kentucky and Pennsylvania — and 81 total in West Virginia. Read more (Nov 17, 2019) Mergers and Acquisitions


Patagonia, Inc , United States (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Patagonia opens first Worn Wear store Patagonia opened its first ever physical store for Worn Wear, Patagonia’s resale business. The store is a pop-up in Boulder, Colorado, which will stay open until February 2020. The pop-up will be stocked with only Worn Wear products, as well as the outdoor retailer’s ReCrafted Collection, which sells clothes made from apparel that was beyond repair. In addition to selling used gear, the pop-up shop will host repair and upcycling workshops. Read more (Nov 18, 2019) Expansion/ Diversification


Starbucks Corporation , United States (Company Site) (Ticker – SBUX) , Food and Drug Stores , LargeCap
Starbucks Signing store opens in Penang Starbucks announced the opening of the Penang Signing Store, its second in Malaysia and fourth globally, as part of its ongoing commitment to inclusion, accessibility and diversity. Located in the heart of Penang’s historic Deaf community, the store creates new career opportunities for Deaf and Hard of Hearing partners (employees), while also serving as the Third Place for Penang’s long-established Deaf community to host sign language workshops and career development seminars. Read more (Nov 19, 2019) Expansion/ Diversification


The Estée Lauder Companies Inc. , United States (Company Site) (Ticker – EL) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
The Estée Lauder Companies to Acquire Dr. Jart+ The Estée Lauder Companies Inc. announced that it has signed an agreement to acquire the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing. As one of the fastest growing skin care brands globally, Dr. Jart+ is expected to help further strengthen The Estée Lauder Companies’ leadership position in skin care, and will especially help expand the Company’s consumer reach in Asia/Pacific, North America, the United Kingdom and travel retail. This is the Company’s first acquisition of an Asia-based beauty brand. Read more (Nov 18, 2019) Mergers and Acquisitions


Asia
Flipkart Pvt Ltd. , India (Company Site) , E-Commerce
Flipkart invests in customer engagement platform EasyRewardz E-commerce giant Flipkart invested in EasyRewardz, customer engagement and rewards platform. This is Series B round of funding raised by the startup. The amount and extent of Flipkart’s investment has not been disclosed. Read more (Nov 18, 2019) Investments

Emart Inc. , South Korea (Company Site) (Ticker – 139480) , Department Stores/ Discount Department Stores , LargeCap
South Korea’s No Brand chooses Manila for first overseas foray South Korean hypermarket operator E-mart is set to open its first overseas No Brand outlet in the Philippines. No Brand is E-mart’s in-house label which sells food items and daily necessities that are less than half the price of those sold at its larger hypermarkets. The first Philippine No Brand store will open on Friday (November 22) at Robinsons Galleria in Ortigas, a business district in Metro Manila. The store will feature an assortment of nearly 700 SKUs, says E-mart. Read more (Nov 19, 2019) Expansion/ Diversification


Minor International PCL , Thailand (Company Site) , Retail Chain
Minor International buys Bonchon restaurants in Thailand Thai hospitality firm Minor International has bought Thai restaurant operator Chicken Time, which operates more than 40 Bonchon fried-chicken outlets across the nation. Minor paid THB2 billion (US$66 million) for the business and is in the process of negotiating with Bonchon’s South Korean owners for the right to expand the network further. Read more (Nov 19, 2019)Mergers and Acquisitions


Europe
OTB , Italy (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
OTB partners up with Lectra to accelerate its digital transformation France’s Lectra is pleased to announce that Italian fashion group OTB has adopted Kubix Link, Lectra’s intelligent and intuitive cloud-based platform, to optimize its digital business processes and secure greater supply-chain transparency. The company has been a longtime partner of Lectra. Read more (Nov 18, 2019) Contracts/ Deals

Stone Island , Italy (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Upscale Sportswear Brand ‘Stone Island’ Opens 1st Canadian Flagship Upscale Italian men’s apparel brand Stone Island has opened its Canadian flagship on Toronto’s Yorkville Avenue. It’s the latest high-end retailer to open a storefront on the rapidly changing street which boasts an affluent shopper demographic. Read more (Nov 18, 2019) Expansion/ Diversification


Inditex , Spain (Company Site) (Ticker – ITX) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Spain: Inditex enters the world of high perfumery with Zara Emotions The Coruna company Inditex launches Zara Emotions, its new brand in collaboration with the British perfume shop Jo Loves, one of the most famous in the world. For this new experience, Inditex has partnered with one of the best perfumeries in the world. The British Jo Loves has collaborated in the creation of fragrances. Read more (Nov 18, 2019) Contracts/ Deals


TAG Heuer S.A , Switzerland (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Luxury Watch Brand ‘TAG Heuer’ Opens 1st Standalone Canadian Storefront Swiss luxury watch and accessory brand TAG Heuer has officially opened its first standalone Canadian store at Toronto’s Yorkdale Shopping Centre. It’s the latest international brand to enter the Canadian market by opening a store and is another example of a brand adopting a direct-to-consumer model which is a significant trend in the retail industry. Read more (Nov 19, 2019) Expansion/ Diversification


The Conran Shop , United Kingdom (Company Site) , Home Furnishing Retail
First Conran Shop in Seoul is UK brand’s biggest yet The first Conran Shop in Seoul has opened – and it is the British luxury furniture and home accessories retailer’s largest store globally. The South Korean store, located in Seoul’s popular Gangnam district, is a partnership with local conglomerate Lotte. Read more (Nov 19, 2019) Expansion/ Diversification


 

Section B – Global Retailing Other News: By Region, Country and Company Name
Africa/Middle East
Jumia , Nigeria (Company Site)
Africa retailer Jumia suspends e-commerce in Cameroon Read more(Nov 18, 2019)
Americas
Ayr Strategies Inc. , Canada (Company Site)
Ayr Strategies Reports Record Third Quarter 2019 Financial Results; Reiterates 2019 Revenue Guidance and Updates 2020 ForecastsRead more (Nov 18, 2019)
Eve & Co Incorporated , Canada (Company Site)
Eve & Co Announces New Sales Channel: The Province of SaskatchewanRead more (Nov 18, 2019)
Guardian Capital Group , Canada (Company Site)
Barry Gordon Joins Guardian Capital LP as Head of Retail Asset Management Read more (Nov 19, 2019)
Lululemon Athletica inc , Canada (Company Site)
RPAI Announces A Signed Lease With lululemon athletica At Main Street Promenade In Historic Downtown Naperville, IL Read more(Nov 18, 2019)
Lululemon Athletica inc , Canada (Company Site)
Lululemon is offering more discounts than usual, and Wall Street says it’s a concerning trend Read more (Nov 18, 2019)
Roots Canada , Canada (Company Site)
Roots Announces Details of its Fiscal 2019 Third Quarter Results Conference Call Read more (Nov 18, 2019)
The Shoe Company , Canada (Company Site)
The Shoe Company unveils Shoe VIP, a new rewards program that gives 4 million members cause to celebrate Read more (Nov 18, 2019)
Sodimac Homecenter , Chile (Company Site)
Peru: Sodimac opens store in the biggest mall in the country Read more (Nov 18, 2019)
Etafashion , Ecuador (Company Site)
Ecuador: Etafashion strengthens its presence with a new store in Quito Read more (Nov 18, 2019)
Pacari Chocolate , Ecuador (Company Site)
Ecuador: Pacari proposes a transition to biodegradable packaging Read more (Nov 18, 2019)
Futuro Real Plaza Puruchuco , Peru (Company Site)
Peru: Intercorp Group inaugurated Real Plaza Puruchuco Read more (Nov 18, 2019)
2Checkout , United States (Company Site)
Easeware Expands Online Sales 18% with 2Checkout Read more(Nov 18, 2019)
Albertsons Companies, Inc , United States (Company Site)
Albertsons Companies Appoints Chris Rupp EVP & Chief Customer & Digital Officer Read more (Nov 18, 2019)
Amazon.com Inc , United States (Company Site)
Amazon, Flipkart lead in B-school hiring Read more (Nov 19, 2019)
Amazon.com Inc , United States (Company Site)
Amazon to open brick-and-mortar book store in Scottsdale Read more (Nov 19, 2019)
Aramark , United States (Company Site)
Aramark to Celebrate Top Chefs at National Finals of Inaugural Culinary Excellence Competition Read more (Nov 18, 2019)
Ashkenazy Acquisition Corp. , United States (Company Site)
Ashkenazy makes another Westchester shopping center purchase Read more(Nov 18, 2019)
Avalara, Inc. , United States (Company Site)
Jay Lee Joins Avalara as Chief Marketing Officer Read more (Nov 18, 2019)
Barneys New York Inc , United States (Company Site)
Boyds to Accept Barneys’ Gift Cards Read more (Nov 18, 2019)
Bojangles’ Famous Chicken ‘n Biscuits , United States (Company Site)
Bo Bo Bo! Bojangles’® Spreads Cheer with New Holiday-Themed Big Bo Box® Read more (Nov 18, 2019)
Chewy, Inc , United States (Company Site)
Chewy Announces Fiscal Third Quarter 2019 Financial Results Conference Call Read more (Nov 18, 2019)
EDENS , United States (Company Site)
EDENS Lakeside Centre Ushers in a New Era of Retail with Specialty and Niche Concepts Read more (Nov 18, 2019)
eDrugstore , United States (Company Site)
Online Pharmacy eDrugstore Joins Inc 5000 Read more (Nov 18, 2019)
Empire Today , United States (Company Site)
Empire Today® Receives the 2019 Cigna Outstanding Culture of Well-Being Award for the Second Consecutive Year Read more(Nov 18, 2019)
General Mills, Inc. , United States (Company Site)
General Mills Quarterly Dividend Declared Read more (Nov 18, 2019)
Genifer M , United States (Company Site)
GENIFER M Jewelry Now Available at MaryJae in Austin Read more (Nov 18, 2019)
Guesst , United States (Company Site)
Guesst, Edens Spell Out a New Co-op Venue: In Seven WordsRead more (Nov 18, 2019)
H&R Block, Inc. , United States (Company Site)
H&R Block Emerald Advance® line of credit gives consumers access to up to $1,000 Read more (Nov 18, 2019)
Hampton Products International Corporation , United States (Company Site)
BenjiLock By Hampton® Fingerprint Padlocks Launch Into Select B8TA Retail Locations Nationally, Experiential Chain First to Sell All Versions, All ColorsRead more (Nov 18, 2019)
Inmar, Inc. , United States (Company Site)
Inmar Announces Tech in Retail Webinar Aimed at Aligning Retailers’ Tech Investments with Shopper Needs to Help Drive Sales Read more (Nov 18, 2019)
Innovative Food Holdings Inc. , United States (Company Site)
Innovative Food Holdings Partners With Marquee Brands and Martha Stewart on Launch of New Line of Specialty Food Gifts Read more(Nov 18, 2019)
J. C. Penney Company, Inc , United States (Company Site)
Despite Falling Sales, JCPenney Is Still Optimistic For The Future Read more(Nov 18, 2019)
Lithia Motors, Inc , United States (Company Site)
Lithia Motors Promotes Chris Holzshu to Chief Operating OfficerRead more (Nov 18, 2019)
Luckin Coffee , United States (Company Site)
Luckin Coffee’s Impressive Growth And Retail Model Could Dethrone Starbucks In China Read more (Nov 18, 2019)
McDonald’s Corporation , United States (Company Site)
McDonald’s India franchisee drags government to court over GST credit Read more (Nov 18, 2019)
MOD Pizza LLC , United States (Company Site)
MOD Pizza Declares: “This Is Not A Pizza Place” Read more (Nov 18, 2019)
Nestlé Purina PetCare Company , United States (Company Site)
Pet Care Leader Purina Opens 21st Factory in United States Read more (Nov 18, 2019)
NetElixir , United States (Company Site)
NetElixir Predicts 9% Ecommerce Growth During Highly Competitive 2019 Holiday Season Read more (Nov 18, 2019)
Nordstrom Inc , United States (Company Site)
Nordstrom revamps merchandising team Read more (Nov 18, 2019)
Ohi , United States (Company Site)
Ohi Lands $2.75M To Enable Quick Delivery For Smaller BrandsRead more (Nov 18, 2019)
Package Free , United States (Company Site)
Package Free Brings Zero-Waste Lifestyle to Chelsea Market Read more (Nov 18, 2019)
Peapod Online Grocer, LLC , United States (Company Site)
Peapod And Giant Food Stores Join Forces To Enhance The Omnichannel Experience Read more (Nov 18, 2019)
Puente Hills Mall , United States (Company Site)
Plaza Puente Shopping Center reopened Read more (Nov 18, 2019)
Radpay , United States (Company Site)
Blockchain Pioneer Radpay Completes $1.2 Million in Series Seed Equity Financing Round Read more (Nov 18, 2019)
Rave Restaurant Group , United States (Company Site)
RAVE Restaurant : president out, new COO + CMO in Read more(Nov 18, 2019)
Repurpose, Inc. , United States (Company Site)
Repurpose Unveils New Look, Forges Fun Path to Eco-Activism Read more (Nov 18, 2019)
RV Retailer, LLC , United States (Company Site)
RV Retailer, LLC Announces Expansion in Florida with 25th Store Read more(Nov 18, 2019)
ShipEngine , United States (Company Site)
ShipEngine Announces New Partnership with Peoplevox WMS For Fast Growing E-Commerce Retailers Read more (Nov 18, 2019)
SkuVault , United States (Company Site)
SkuVault Launches New Integration With Sellbrite Channel Management Software Read more (Nov 18, 2019)
Sweet Flower  , United States (Company Site)
Sweet Flower Cannabis Brand Announces Further Retail Expansion in Los Angeles Arts District Read more (Nov 18, 2019)
The Perfect Room , United States (Company Site)
The Perfect Room Expands Its Star-Studded Roster With Seven New A-List Designers And Introduces A New User ExperienceRead more (Nov 18, 2019)
Walmart Inc. , United States (Company Site)
Walmart links mobile Scan & Shop with printed holiday toy catalogRead more (Nov 18, 2019)
Williams-Sonoma, Inc , United States (Company Site)
Williams Sonoma to Exit Quebec Amid Multiple Store Closures in Canada Read more (Nov 18, 2019)
Youngevity International, Inc. , United States (Company Site)
Youngevity International, Inc. Reports 2019 Third Quarter and Nine Months Results Read more (Nov 18, 2019)
Asia
Myer , Australia (Company Site)
Myer turns up the tech scene this Christmas Read more (Nov 19, 2019)
Yamanto Shopping Centre , Australia (Company Site)
New Queensland shopping centre under construction Read more (Nov 18, 2019)
Byton , China (Company Site)
China EV startup Byton receives California distributor license Read more (Nov 19, 2019)
Didi Chuxing Technology Co , China (Company Site)
Chile: DiDi expands operations to eight other cities in the countryRead more (Nov 18, 2019)
Miniso , China (Company Site)
Miniso $2 concept success exceeds expectations Read more (Nov 19, 2019)
Borosil group , India (Company Site)
Borosil group aims to become Rs 2K cr company in 5 years Read more (Nov 18, 2019)
Coffee Day Enterprises Limited , India (Company Site)
ROC grants Coffee Day Enterprises further extension for AGM Read more (Nov 18, 2019)
Digital Mall Of Asia , India (Company Site)
DMA raises Rs 22 crore, set to go live in Jan Read more (Nov 19, 2019)
Furtados School of Music , India (Company Site)
Furtados School of Music raises Rs 20 crore in fresh funding Read more (Nov 18, 2019)
Myntra , India (Company Site)
Myntra to focus on luxe brands, track your fitness Read more (Nov 19, 2019)
Urban Ladder Home Decor Solutions Pvt. Ltd , India (Company Site)
Urban Ladder swings to profit despite management churn Read more (Nov 18, 2019)
Burberry Japan , Japan (Company Site)
Burberry Japan opens flagship store in Ginza Read more (Nov 19, 2019)
FamilyMart Co., Ltd , Japan (Company Site)
FamilyMart Japan culls staff as store network shrinks Read more (Nov 19, 2019)
Nintendo Co., Ltd , Japan (Company Site)
Mario Shopping Kart: Nintendo unveils Tokyo store to lure casual gamersRead more (Nov 18, 2019)
Europe
Auchan , France (Company Site)
Italy antitrust opens probe into sale of Auchan Italian assets to ConadRead more (Nov 18, 2019)
Casino Guichard-Perrachon S.A. , France (Company Site)
Groupe Casino: Signing of a new revolving credit facility Read more (Nov 19, 2019)
Lar España , Spain (Company Site)
Spain: Lar commitment to shopping centers Read more (Nov 18, 2019)
John Lewis & Partners , United Kingdom (Company Site)
John Lewis & Waitrose launch experiential concept store in Southampton Read more (Nov 18, 2019)
White Stuff Clothing , United Kingdom (Company Site)
White Stuff reveals plans to cut head office jobs Read more (Nov 18, 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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