Daily Retail News Monitor – November 21, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Americas
Emilio Luque Wholesalers , Argentina (Company Site) , Wholesaler/ Retailers
Maxiconsumo acquires two branches of Emilio Luque Maxiconsumo bought two wholesalers from Emilio Luque. The chain chaired by Victor Fera will sign the acquisitions of two branches of Emilio Luque, one located in San Miguel de Tucumán and the second in Catamarca. With these purchases, it will strengthen its presence in a province where it is already operating. Read more (Nov 20, 2019) Mergers and Acquisitions

Ripley S.A. , Chile (Company Site) (Ticker – RIPLEY) , Department Stores/ Discount Department Stores , MidCap
Ripley already touches the thirty stores Ripley opens the doors of a new establishment in Peru. In its expansion plan, and growth in the Peruvian market, the Chilean retailer has opened store number 29 at the Real Plaza Puruchuco shopping center, located in the Lima district of Ate. With this department store the company has generated more than 200 direct jobs and more than 500 jobs indirectly. Read more (Nov 21, 2019)Expansion/ Diversification


Ben & Frank , Mexico (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Ben & Frank goes for more physical stores in 2020 Ben & Frank, the Mexican startup of sale of lenses at affordable prices, bets on the expansion of stores, since in the last year it went from having 5 to 18 points of sale, which resulted in online commerce and only providing the 20 percent of income. Read more (Nov 20, 2019) Future Plans


Amazon.com Inc , United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
Amazon Expands with New Fulfillment Center in Auburndale, Florida Amazon announced plans to open a fulfillment center in Auburndale, Florida. When the site opens, Amazon will create more than 500 new, full-time jobs starting at $15 an hour with comprehensive benefits starting on day one. Read more (Nov 20, 2019) Future Plans


Amazon.com Inc , United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
Amazon Go Supermarkets, Pop-Up Stores Coming In 2020 Amazon is planning to open cashierless Amazon Go supermarkets and pop-up stores, possibly as soon as the first quarter of 2020. The eCommerce giant launched the first Go convenience store in Seattle in 2017 and now has 21 U.S. locations. The expansion efforts could make Amazon a serious player in the $900 billion U.S. grocery industry. The company already operates the Whole Foods Market chain. Read more (Nov 20, 2019) Future Plans


Lowe’s Companies, Inc , United States (Company Site) (Ticker – LOW) , Home Furnishing Retail , LargeCap
Lowe’s could consider Canadian exit: retail expert As Lowe’s Companies closes 34 stores and restructures its struggling Canadian business, one retail expert says the company may consider exiting the Canadian market entirely if operations don’t improve. The company announced that it will shutter 26 Ronas, 6 Lowe’s and 2 Reno-Depot stores across British Columbia, Alberta, Saskatchewan, Ontario, Quebec and Nova Scotia. Read more (Nov 20, 2019) Future Plans


Nike, Inc. , United States (Company Site) (Ticker – NKE) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
NIKE, Inc. Invests in Handsfree Labs, Inc. NIKE, Inc. announced a strategic investment in and exclusive intellectual property licensing partnership with Handsfree Labs, Inc., a pioneer in hands-free footwear technology. The technology enables consumers to step in and out of shoes more easily without lacing or the use of hands. Read more (Nov 20, 2019) Investments


PayPal Holdings Inc , United States (Company Site) , E-Commerce
PayPal : to Buy Honey Science for $4 Billion PayPal Holdings Inc. has reached a roughly $4 billion deal to buy shopping and rewards platform Honey Science Corp., as it pushes to offer a broader array of services. Read more (Nov 20, 2019) Mergers and Acquisitions


Sears Holdings Corporation , United States (Company Site) (Ticker – SHLDQ) , Department Stores/ Discount Department Stores , SmallCap
Sears Closing Store In Harford Mall Sears will be closing in Harford Mall in 2020. Liquidation sales will begin shortly, and the closure will happen in the early part of the new year. The Sears store in Harford Mall is scheduled for liquidation sales in mid-December and closing in mid-February. This was not part of the Chapter 11 bankruptcy, which concluded in February. Read more (Nov 20, 2019) Bankruptcy/ Closure of Units/ Plants


Steven Madden, Ltd , United States (Company Site) , Apparel/Footwear/Personal Goods Specialty
Steve Madden to take a step into the Middle East with new openings Steve Madden, the US shoemaking giant, to open 20 stores in Saudi Arabia. The company is looking to the Middle East for growth and is set to open 20 stores in Saudi Arabia over the course of the next 1-2 years through the brand’s franchise operator Landmark Group. Read more (Nov 20, 2019) Expansion/ Diversification


Taco Bell , United States (Company Site) , Food and Drug Stores
Taco Bell launches another outlet in Auckland The first New Zealand Taco Bell store has opened in The Brickworks at New Lynn’s LynnMall, bringing the Mexican-inspired fast-food chain to local shores.Launching on the store features a mural paying homage to west Auckland designed in collaboration with local artist Natasha Vermeulen, and design agency Stanley St. Read more (Nov 21, 2019) Expansion/ Diversification


Asia
Bailey Nelson , Australia (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Aussie Eyewear Retailer Bailey Nelson Continues Rapid Canadian Store Expansion Australian eyewear retailer Bailey Nelson continues to aggressively expand its footprint in Canada as the company is on a mission to make eye care simpler, more fun and stylish for all Canadians. Read more (Nov 21, 2019) Expansion/ Diversification


Alibaba Group Holding Limited , China (Company Site) (Ticker – BABA ) , E-Commerce , LargeCap
Alibaba To Purchase Stake In Milk Delivery Platform For $21M The Alibaba Group is planning to invest about $21 million in a milk delivery startup that uses an SMS or QR code to allow people to pick up orders from nearby refrigerators. The Shanghai-based startup, called Tianxianpei, is an online-to-offline (O2O) milk delivery service owned by Mengniu Dairy. Alibaba said it will invest about 150 million yuan into the company before the end of next year for about a 50 percent stake. Once the transaction is complete, Mengniu Dairy will also hold 50 percent of shares. Read more (Nov 20, 2019) Sale/ Purchase of Company Stakes


Li Ning Company Limited , China (Company Site) (Ticker – 2331) , Sporting Goods , LargeCap
Chinese Sports Retailer ‘Li Ning’ Expands into Canada with 1st Storefronts China’s premier sports brand Li-Ning has launched its first retail showrooms in Canada featuring world-class specialty racket and paddle sport equipment, shoes, and apparel in Ottawa and the Greater Toronto Area. Read more (Nov 21, 2019) Expansion/ Diversification


Realme , China (Company Site) , Consumer Electronics
Realme plans offline-centric smartphone series, to expand retail presence Smartphone maker Realme said it is working on deepening its presence in brick-and-mortar retail and will introduce an offline retail-centric series of devices next year as part of its efforts to strengthen its hold in the Indian market. The company is working on introducing an “offline retail-centric smartphone series” in the first quarter of 2020. Read more (Nov 21, 2019) Future Plans


ESSENCE HOME DÉCOR , India (Company Site) , Home Furnishing Retail
Home decor brand Essencea gets investment of $1 mn from Chokhani Brothers After the phenomenal success of Naturevibe Botanicals, Rishabh Chokhani, a budding entrepreneur and the owner of the brand is all geared up to create a mark beyond the organic industry by investing USD 1 million in a home décor brand named Essencea. Through this investment, Chokhani intends to tap into the new industry and unlock the door of opportunities thereby creating milestones in the home décor segment. Read more (Nov 20, 2019) Investments


Sumber Alfaria Trijaya Tbk PT , Indonesia (Company Site) (Ticker – AMRT) , Convenience/ Forecourt Store , LargeCap
Indonesia’s Alfamart plans aggressive Philippine expansion Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end.  Read more (Nov 21, 2019) Future Plans


% ARABICA , Japan (Company Site) , Food and Drug Stores
% Arabica to open four stores in Indonesia Kyoto-based coffee chain % Arabica has announced plans to enter the Indonesian market with four new store locations by the end of next year. The new franchises will be located in Jakarta and Bali, with two of the Jakarta stores opening at District 8 and Central Park Mall. Read more (Nov 21, 2019) Future Plans


E-Land Group , South Korea (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
South Korea’s E-Land Group completes US shoe business exit South Korean conglomerate E-Land Group is pulling its OTZ Shoes brand from the US market, six years after buying it. The conglomerate has decided to withdraw the brand from the country and develop it in South Korea instead, completing its exit from the US footwear market. Read more (Nov 21, 2019) Bankruptcy/ Closure of Units/ Plants


Europe
Pandora A/S , Denmark (Company Site) (Ticker – PNDORA) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Pandora opens two stores in Martínez and Solar de la Abadía Pandora opens two new stores in Argentina. Within the framework of a strong expansion plan in Latin America, Pandora has just opened two new stores in Argentina, in the Unicenter shopping centers, in the town of Martínez, and Solar de la Abadía, in the city of Buenos Aires. Read more (Nov 20, 2019) Expansion/ Diversification


Computop , Germany (Company Site) , E-Commerce
Amway and Computop Announce a Partnership to Provide a Complete Omnichannel Payment Solution Across the Americas Computop, a leading global payment processor, and Amway, the world’s largest direct selling company announced that they are partnering to deliver a comprehensive omnichannel payment solution. The partnership between Computop and Amway includes Amway’s business across North, Central and South America. Read more (Nov 20, 2019) Contracts/ Deals


Toni Pons , Spain (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Colombia: Toni Pons opens its first store in the country Toni Pons has opened its first espadrille store in Colombia following its international project and the commitment to strengthen its presence in Latin America. The new store is located inside the Mallplaza Buenavista shopping center, located north of Barranquilla. Read more (Nov 20, 2019) Expansion/ Diversification


Marks & Spencer Group plc , United Kingdom (Company Site) (Ticker – MKS) , Wholesaler/ Retailers , LargeCap
Marks & Spencer, the global retail giant, partners with Insider to accelerate its digital growth Marks & Spencer, the global retailer in the food, banking, energy, clothing, and homeware segment, partnered with Sequoia-backed Insider to drive its digital growth while delivering top-notch, personalized and contextualized experiences. Read more (Nov 21, 2019) Contracts/ Deals


Sweaty Betty , United Kingdom (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Sweaty Betty has opened 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 20, 2019) Expansion/ Diversification


Ted Baker plc , United Kingdom (Company Site) (Ticker – TED) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Ted Baker arrives at one of the rising fashion capitals: opens first store in Antwerp Ted Baker tackles fashion capitals through retail strategy. The British fashion company has opened its first directly operated store in Antwerp, Belgium. The store offers womenswear, accessories and leather goods as well as its first click&collect service in the country. Read more (Nov 20, 2019) Expansion/ Diversification


 

Section B – Global Retailing Other News: By Region, Country and Company Name
Africa/Middle East
Arabian Centres Company , Saudi Arabia (Company Site)
Arabian Centres completes a refinancing of $1.9bln Read more (Nov 20, 2019)
Alina Anwar Couture , United Arab Emirates (Company Site)
Home-grown Dubai fashion label pays tribute to the UAE with its limited edition ‘Unite and Empower’ piece Read more (Nov 20, 2019)
Nakheel Mall , United Arab Emirates (Company Site)
$326mln Nakheel Mall on Palm Jumeirah to open next week Read more (Nov 20, 2019)
Americas
Todomoda , Argentina (Company Site)
Todomoda appoints new CEO Read more (Nov 20, 2019)
Alimentation Couche-Tard Inc. , Canada (Company Site)
Couche-Tard Extends ATM Partnership with Cardtronics Read more (Nov 20, 2019)
London Drugs Ltd. , Canada (Company Site)
London Drugs debuts same day delivery in 20 Western Canadian markets ahead of Black Friday and the holiday shopping season Read more (Nov 20, 2019)
Cencosud SA , Chile (Company Site)
Matías Videla, new Corporate General Manager of Cencosud Read more (Nov 20, 2019)
Parque Arauco , Chile (Company Site)
Issuance of Parque Arauco Colombia shares approved Read more (Nov 20, 2019)
Suburbia , Mexico (Company Site)
Lower sales ‘hit’ the profitability of Liverpool and Suburbia Read more (Nov 20, 2019)
Falabella Saga , Peru (Company Site)
Falabella will generate more than 300 jobs in Real Plaza Puruchuco Read more (Nov 20, 2019)
7-Eleven Inc. , United States (Company Site)
7-Eleven Adds Voice-Ordering to 7NOW Delivery Service Read more (Nov 20, 2019)
Albertsons Companies, Inc , United States (Company Site)
Albertsons In-Store Clinics Launch AI-Powered Diabetes Exam Read more (Nov 20, 2019)
Amazon.com Inc , United States (Company Site)
Amazon will have free shipments for customers in Colombia by season Read more (Nov 20, 2019)
Brad’s Deals , United States (Company Site)
Brad’s Deals Announces Promotion of Chief Operating Officer Amy Bourne to President Read more (Nov 20, 2019)
California Pizza Kitchen , United States (Company Site)
California Pizza Kitchen Appoints Giorgio Minardi as Executive Vice President of Global Development & Franchise Operations, Announces Franchise Growth Plans For 2020 Read more (Nov 20, 2019)
Church’s Chicken , United States (Company Site)
Church’s Chicken® Opens New Restaurants In KilleenRead more (Nov 20, 2019)
Cracker Barrel Old Country Store, Inc. , United States(Company Site)
Cracker Barrel Old Country Store coming to the Big Apple Read more (Nov 20, 2019)
Deka Lash , United States (Company Site)
Deka Lash, the Experts in Eyelashes, Adds Experienced Team Member Read more (Nov 20, 2019)
Enmarket , United States (Company Site)
Enmarket Partners With Savannah Golf ChampionshipRead more (Nov 20, 2019)
Fabric Selection Inc. , United States (Company Site)
Fabric Selections, lnc. Announces Major New Line for the Spring/Summer of 2020 Read more (Nov 20, 2019)
Five Below Inc. , United States (Company Site)
Five Below, Inc. Announces Third Quarter Fiscal 2019 Earnings Release and Conference Call Date Read more (Nov 20, 2019)
Foot Locker Retail, Inc , United States (Company Site)
Touchwood puts best foot foward with Foot Locker Read more (Nov 20, 2019)
FXCM Group, LLC , United States (Company Site)
FXCM Group Reports Monthly Execution Data Read more (Nov 20, 2019)
Glossier , United States (Company Site)
Glossier teases its London pop-up Read more (Nov 20, 2019)
GoExpedi , United States (Company Site)
GoExpedi Lands $25M For B2B eCommerce TechnologyRead more (Nov 20, 2019)
Haverty Furniture Companies, Inc , United States (Company Site)
roOomy Partners with Havertys to Build Enterprise Interior Design Tools and Grow 3D Modeling Business Read more (Nov 20, 2019)
H-E-B , United States (Company Site)
H-E-B’s Favor expands delivery drivers’ vehicle coverage Read more (Nov 20, 2019)
L Brands, Inc. , United States (Company Site)
L Brands Reports Third Quarter 2019 Results Read more(Nov 20, 2019)
La-Z-Boy Inc. , United States (Company Site)
La-Z-Boy Reports Fiscal 2020 Second-Quarter Results Read more (Nov 20, 2019)
Menard Inc. , United States (Company Site)
Menards expanding in Ohio Read more (Nov 20, 2019)
MJardin Group Inc , United States (Company Site)
MJardin Group Inc. Appoints Patrick Witcher as Chief Executive Officer Read more (Nov 20, 2019)
Northgate Gonzalez Markets, Inc. , United States (Company Site)
Northgate Brings Mexican Flavors to Riverside, Calif. Read more(Nov 20, 2019)
Patagonia, Inc , United States (Company Site)
Patagonia beer launches Canned IPA Vera Read more (Nov 20, 2019)
Pensa Systems Inc , United States (Company Site)
Austin startup raises $10 million for retail drones Read more (Nov 20, 2019)
PriceSpider , United States (Company Site)
New Executive Leaders Join PriceSpider to Support Rapid Growth and Expansion Read more (Nov 20, 2019)
PriceSpider , United States (Company Site)
PriceSpider Launches Strategic Partnership with Howell & Associates to Automate Access to 100,000+ Sellers Read more (Nov 20, 2019)
ReposiTrak, Inc. , United States (Company Site)
Tulkoff Food Products Adopts ReposiTrak for ComplianceRead more (Nov 20, 2019)
Retail Opportunity Investments Corp , United States (Company Site)
Retail Opportunity Investments Corp. Schedules Fourth Quarter and Year-End Earnings Release and Conference Call Read more(Nov 20, 2019)
Ross Stores, Inc. , United States (Company Site)
Ross Stores Announces Quarterly Dividend Read more (Nov 20, 2019)
Shake Shack Inc. , United States (Company Site)
Shake Shack Signs Lease In Circle East, Plans To Open In 2020 Read more (Nov 20, 2019)
ShowMeCables , United States (Company Site)
ShowMeCables Now Offering L-com M12 Cables for Industrial Applications Read more (Nov 20, 2019)
Stein Mart, Inc , United States (Company Site)
Stein Mart, Inc. Reports Third Quarter Fiscal 2019 Results Read more (Nov 20, 2019)
StrikeTru , United States (Company Site)
StrikeTru and Riversand Partner to Provide High-growth Businesses with Cloud-native MDM and PIM Read more(Nov 20, 2019)
TechStyle Fashion Group , United States (Company Site)
TechStyle Fashion Group Names Daria Burke Chief Marketing Officer of JustFab Read more (Nov 20, 2019)
The Home Depot, Inc. , United States (Company Site)
Home Depot’s Digital Transformation Investments Not Delivering Expected ImprovementRead more (Nov 20, 2019)
The Kroger Co , United States (Company Site)
Kroger, Drinks expand Kroger Wine service Read more(Nov 20, 2019)
The RealReal, Inc. , United States (Company Site)
The RealReal to be Carbon Neutral in 2021 Read more (Nov 20, 2019)
The Westchester , United States (Company Site)
MAD Donuts To Open Store At Westchester Mall Read more (Nov 20, 2019)
Tiffany & Co , United States (Company Site)
Tiffany restructures its management team Read more (Nov 20, 2019)
United Parcel Service (UPS) , United States (Company Site)
UPS enables Asian businesses to capture growth opportunities with more service enhancements Read more (Nov 21, 2019)
Victoria’s Secret , United States (Company Site)
Victoria’s Secret is reinforced in Panama Read more (Nov 20, 2019)
Walmart Inc. , United States (Company Site)
Mexicans sue Walmart over El Paso shooting Read more(Nov 21, 2019)
Walmart Inc. , United States (Company Site)
Shift Online Prompts Walmart To Overhaul Grocery OptionsRead more (Nov 21, 2019)
Walmart Inc. , United States (Company Site)
Walmart launches ‘refresh’ of produce department Read more (Nov 20, 2019)
Walmart Inc. , United States (Company Site)
Walmart CEO says the biggest ‘hazard’ for in-home grocery delivery is dogs Read more (Nov 20, 2019)
Walmart Inc. , United States (Company Site)
Walmart Reveals Produce 2.0 Merchandising Reset Read more(Nov 20, 2019)
Youngevity International, Inc. , United States (Company Site)
Youngevity International, Inc. Announces Timing of Regular Monthly Dividend for November 2019 for Series “D” Cumulative Redeemable Perpetual Preferred Stock Read more (Nov 20, 2019)
ZoomCare , United States (Company Site)
ZOOM+Care Heads South, With New Clinic In Tukwila, WA Read more (Nov 20, 2019)
Asia
City Chic , Australia (Company Site)
Store upgrades, 15 new sites for City Chic Read more (Nov 21, 2019)
Scentre Group Limited , Australia (Company Site)
Scentre : officially opens Westfield Newmarket RedevelopmentRead more (Nov 20, 2019)
Pingduoduo Inc. , China (Company Site)
China’s Pinduoduo posts bigger loss as costs surge; shares tumble Read more (Nov 20, 2019)
Licious , India (Company Site)
Licious embarks on a transformational journey; launches renewed brand identity Read more (Nov 20, 2019)
Europe
Cartier , France (Company Site)
Cartier boutique opens at Hong Kong International AirportRead more (Nov 21, 2019)
L’Oréal S.A , France (Company Site)
L’Oréal Travel Retail partners with Lotte Duty Free Read more(Nov 21, 2019)
Sephora , France (Company Site)
Whitestone Welcomes Premier Omni-Retail Brand Sephora to Village Square at Dana Park in Mesa, Arizona Read more (Nov 20, 2019)
Adidas AG , Germany (Company Site)
eyecandylab, adidas Launch Retail AR Experience to Reveal the Environmental Impact of Plastic Usage Read more (Nov 20, 2019)
Adidas AG , Germany (Company Site)
Adidas launches new Alphaedge 4D Running Shoe Read more(Nov 20, 2019)
Prada S.p.A. , Italy (Company Site)
Prada becomes first luxury brand to sign loan tied to sustainability targets Read more (Nov 20, 2019)
Distrikt Nørrebro , Netherlands (Company Site)
Distrikt Nørrebro to open flagship store in Forum Rotterdam Read more (Nov 20, 2019)
Distribuidora Internacional de Alimentación, S.A. , Spain(Company Site)
DIA Distribuidora Internacional de Alimentacion : successfully completes €605 million Capital Increase Read more (Nov 20, 2019)
Greyder , Turkey (Company Site)
Greyder announce official store opened with new designed concept in Bishkek Park Read more (Nov 20, 2019)
Costa Coffee , United Kingdom (Company Site)
Costa Coffee Announces Appointment of New CEO Read more (Nov 20, 2019)
Debenhams , United Kingdom (Company Site)
Debenhams hires 7000 staff for Christmas season Read more(Nov 20, 2019)
Farfetch Limited , United Kingdom (Company Site)
Farfetch to Present at Investor Conference Read more (Nov 20, 2019)
Fevertree Drinks Plc , United Kingdom (Company Site)
Fevertree Drinks warns on revenue as UK retail spending cools Read more (Nov 20, 2019)
Mulberry Group PLC , United Kingdom (Company Site)
Mulberry to open new store concept at Victoria Leeds Read more(Nov 20, 2019)
Poundland , United Kingdom (Company Site)
Poundland rolls out simple pricing offer nationwide Read more (Nov 20, 2019)
Spokes , United Kingdom (Company Site)
Skopes to open 15 new stores after securing £6m funding package Read more (Nov 20, 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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