Daily Retail News Monitor – November 25, 2019

Section A – Global Retailing Key News: By Region, Country and Company Name
Americas
7-Eleven Inc. United States (Company Site) , Food and Drug Stores
Mini 7-Eleven vending machines expand in Taiwan – 7-Eleven, the largest chain of convenience stores in Taiwan, has recently expanded its unmanned store concept and rolled out 140 Mini 7-Eleven vending machines across the country. Mini 7-Elevens offer a multitude of grab-and-go foods and drinks, typically in busy office buildings and at stations. The smart vending machines support cash and e-payment cards, icash, and an interactive user experience. Read more (Nov 25, 2019) Expansion/ Diversification

Ace Hardware Corporation United States (Company Site) , Technology
US retailer Ace Hardware enters Vietnam – The 2,500-meter Ace Home Center, located in Saigon, will have 10,000 products in several categories including household, furniture, tools and outdoors.The company aims to be the largest hardware retail chain in Vietnam with 20-40 outlets within the next 10 years.The company enters Vietnam as rising urban incomes see increasing demand for furniture and household items. Before Vietnam, Ace Hardware entered several other Asian markets like Indonesia, the Philippines and South Korea. Read more (Nov 22, 2019) Expansion/ Diversification


Amazon.com Inc United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
Amazon opens pop-up store on China’s Pinduoduo until year-end – Amazon.com Inc said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. The move points to how the U.S. firm’s China strategy is evolving after it decided earlier this year to stop operating a marketplace in the country for domestic-selling merchants. Read more (Nov 25, 2019) Expansion/ Diversification


Walmart Inc. United States (Company Site) (Ticker – WMT) , Wholesaler/ Retailers , LargeCap
Walmart closing Jet.com NYC fresh grocery delivery service – Walmart plans to shut down the Jet.com “city grocery experience” delivery service launched over a year ago in New York City. The shutdown will eliminate 200 to 300 jobs, including warehouse employees and drivers. The company confirmed that it’s ending the Jet City Grocery service but didn’t provide further details. Read more (Nov 22, 2019) Bankruptcy/ Closure of Units/ Plants


Europe
LVMH Moët Hennessy – Louis Vuitton SE France (Company Site) (Ticker – MC) , Apparel/ Footwear/ Personal Goods Specialty , LargeCap
Update: LVMH to purchase Tiffany for $16.3 billion – LVMH is close to buying U.S. jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market. The two sides are close to an agreement after the French luxury goods company raised its offer price for the company known for its engagement rings and ties to Hollywood glamor to $135 per share. It would be LVMH’s largest takeover. Read more (Nov 25, 2019) Mergers and Acquisitions


 

Section B – Global Retailing Other News: By Region, Country and Company Name
Americas
Carrefour Brasil , Brazil (Company Site)
Carrefour inaugurates in-store hydroponic farms in UAE Read more (Nov 24, 2019)
VTEX , Brazil (Company Site)
SoftBank backs Brazilian e-commerce software startup Read more (Nov 22, 2019)
Adonis Ottawa , Canada (Company Site)
A Massive Mediterranean Food Market Just Opened In Ottawa & It’s Already Super Busy Read more (Nov 23, 2019)
Lightspeed POS Inc. , Canada (Company Site)
Lightspeed’s JP Chauvet to participate in SaaS North conference as featured speaker Read more (Nov 25, 2019)
Metro Inc. , Canada (Company Site)
Metro CEO Eric La Flèche: ‘Our first full year with Jean Coutu was successful’ Read more (Nov 22, 2019)
Superette Inc. , Canada (Company Site)
Superette Announces 2020 Corporate Social Responsibility Program in Ottawa and Recaps Recent Award Wins Read more (Nov 22, 2019)
Amazon.com Inc , United States (Company Site)
Amazon introduces smart shelf reordering system for businesses Read more (Nov 22, 2019)
Amazon.com Inc , United States (Company Site)
Amazon pulls skin-lightening products off site amid pushback Read more (Nov 22, 2019)
AutoNation, Inc. , United States (Company Site)
AutoNation Names Joseph Lower, Executive Vice President and Chief Financial Officer Read more (Nov 22, 2019)
Bed Bath & Beyond Inc. , United States (Company Site)
Bed Bath & Beyond® Launches First-Ever National Black Friday Ad Campaign Read more (Nov 22, 2019)
Blue Bottle , United States (Company Site)
California coffee roaster Blue Bottle to launch in Hong Kong’s Central Read more (Nov 25, 2019)
Callaway Golf Company , United States (Company Site)
Callaway Golf Company Declares Quarterly Dividend Read more (Nov 22, 2019)
Champs Sports , United States (Company Site)
Champs Sports Launches Latest Episode of ‘Refresh Your Game’ Digital Content Series with Nike Read more (Nov 22, 2019)
Charlotte Russe, Inc. , United States (Company Site)
Charlotte Russe rapidly expands store fleet Read more (Nov 22, 2019)
Destination XL Group, Inc , United States (Company Site)
Destination XL Group, Inc. appoints Chief Digital Officer Read more (Nov 22, 2019)
Destination XL Group, Inc , United States (Company Site)
Destination XL Group, Inc. Reports Third Quarter Financial Results Read more (Nov 22, 2019)
Drizly , United States (Company Site)
First-Ever Study Of Independent Alcohol Retailers By Drizly Reveals Both Glass Half Full And Glass Half Empty Outlooks Read more (Nov 22, 2019)
Foot Locker Retail, Inc , United States (Company Site)
Foot Locker, Inc. Reports 2019 Third Quarter Results Read more (Nov 22, 2019)
GameStop Corp. , United States (Company Site)
GameStop Announces 2019 Black Friday Deals Read more (Nov 22, 2019)
Gardener’s Supply Company , United States (Company Site)
Gardener’s Supply Company to Expand into Massachusetts Read more (Nov 22, 2019)
Genesco Inc , United States (Company Site)
Genesco Inc. To Report Third Quarter Fiscal 2020 Results And Hold Conference Call On December 6, 2019 Read more (Nov 22, 2019)
Green Cures & Botanical Distribution, Inc , United States (Company Site)
Green Cures & Botanical Distribution Announces Certificate of Label Approval (COLA) for “Hollywood Green Botanical Vodka” Read more (Nov 22, 2019)
Grocery Outlet Holding Corp , United States (Company Site)
Grocery Outlet Names 2 New Board Members Read more (Nov 22, 2019)
Hibbett Sports, Inc , United States (Company Site)
Hibbett Reports Third Quarter Results Read more (Nov 22, 2019)
Hudson Group , United States (Company Site)
Hudson Group to Participate in the Morgan Stanley Global Consumer & Retail Conference Read more (Nov 22, 2019)
Imaging3 , United States (Company Site)
IMAGING3 : Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q/A) Read more (Nov 25, 2019)
International Retail Management and Consulting Group, LLC , United States (Company Site)
Loop Insights Enters into Partnership with International Retail Management Group Read more (Nov 25, 2019)
McDonald’s Corporation , United States (Company Site)
McDonald’s workers in Chicago sue over quandary of business violence Read more (Nov 25, 2019)
Office Depot, Inc. , United States (Company Site)
Office Depot on hunt for a new CFO Read more (Nov 22, 2019)
Ralph Lauren Corporation , United States (Company Site)
Double RL Pop-up Opening in Nashville Read more (Nov 22, 2019)
Retail Pro International, LLC , United States (Company Site)
Retail Pro® Ranked Top Retail POS in Market Share, Global Reach, Innovation, and Growth Read more (Nov 25, 2019)
Sally Beauty Supply LLC , United States (Company Site)
Sally Beauty : Management’S Discussion And Analysis Of Financial Condition And Results Of Operations (Form 10-K) Read more (Nov 25, 2019)
Stein Mart, Inc , United States (Company Site)
Chain Retailer Opens Fine Jewelery Department in 51 Stores Read more (Nov 22, 2019)
The Buckle, Inc. , United States (Company Site)
The Buckle, Inc. Reports Third Quarter Net Income Read more (Nov 22, 2019)
The QuikTrip Corporation , United States (Company Site)
QuikTrip Debuts Barbecue-Themed Mobile Game Read more (Nov 22, 2019)
Asia
Paytm , India (Company Site)
T Rowe leads $1bn infusion in Paytm Read more (Nov 25, 2019)
Jollibee , Philippines (Company Site)
Jollibee Opens New North American Headquarters in Los Angeles, California Read more (Nov 22, 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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