Daily Retail News Monitor – November 29, 2019

Global Retailing Top News
Americas
Grupo Pão de Açúcar SA Brazil (Company Site) (Ticker – PCAR4) , Hypermarket/ Supermarket/ Superstore , LargeCap
Brazil’s GPA strikes deal with drugstore chain RD to create loyalty program JV – Brazilian supermarket group Grupo Pão de Açúcar SA has signed a deal with drugstore chain RD SA to create a loyalty program joint venture expected to start in the second half of 2020. Under the terms of the agreement, which is still subject to approval by local antitrust regulator Cade, GPA, the local subsidiary of France’s Casino Guichard Perrachon SA, will have a 66.7% stake in the joint venture and RD the remaining 33.7%. Read more (Nov 27, 2019) Joint Ventures

Bentley Leathers Inc. Canada (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Bentley Leathers Announces Restructuring and Store Closures – Montreal-based retailer Bentley Leathers Inc. announced that it was restructuring amid financial challenges associated with operating more than 250 stores. The company would revive its retail operations that included a new prototype store format that was launched in suburban Montreal. Read more (Nov 28, 2019) Restructuring


Almacenes Éxito S.A. Colombia (Company Site) (Ticker – EXITO) , Hypermarket/ Supermarket/ Superstore , LargeCap
Colombia: Completed the sale of Grupo Éxito – The transaction was completed through which Grupo Éxito sold its participation in GPA (Grupo Pão de Açúcar de Brasil) to Grupo Casino. Consequently, all the shares that Grupo Éxito had in GPA directly and indirectly were transferred to Grupo Casino. Read more (Nov 27, 2019) Sale/ Purchase of Company Stakes


Amazon.com Inc United States (Company Site) (Ticker – AMZN ) , E-Commerce , LargeCap
CCI approves Amazon.com’s investment in Future Coupons – Competition Commission of India (CCI) has approved Amazon’s proposed acquisition of minority stake in Future Group, paving the way for a closer integration of one of country’s leading retail chain into the Amazon India online marketplace. Amazon and Future Group are now rolling out a joint business plan that will help the Kishore Biyani owned retailer to achieve $1-billion (about Rs 7,000 crore) of incremental revenue by 2021. Read more (Nov 29, 2019) Sale/ Purchase of Company Stakes


CBD Emporium United States (Company Site) , Food and Drug Stores
National Retailer CBD Emporium Continues Rapid Expansion with Acquisition of CBD Exclusively in Arizona and Nevada – CBD Emporium, a privately-held company and national retailer of premium CBD brands, announced the acquisition of CBD Exclusively, a leading provider of hemp infused products. The asset purchase agreement includes the addition of four new locations in Litchfield Park, Peoria, and Scottsdale, Arizona, as well as prime commercial real estate near Las Vegas Premium Outlets South in Henderson, Nevada. Read more (Nov 27, 2019) Mergers and Acquisitions


Michael Kors USA United States (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Michael Kors has opened in Montreal – Michael Kors has opened a first Canadian store in Montreal. The retail space boasts three-levels, which house the various different products including accessories, jewellery, footwear, and fashions for men and women, under the lines Michael Michael Kors, Michael Kors Collection, and Michael Kors Mens. Read more (Nov 27, 2019) Expansion/ Diversification


Ralph Lauren Corporation United States (Company Site) (Ticker – RL) , Apparel/ Footwear/ Personal Goods Specialty , MidCap
Ralph Lauren resumes sourcing from Bangladesh – Ralph Lauren, one of the world’s largest fashion brands, has resumed sourcing from Bangladesh with reopening its office in Dhaka. The American company stopped sourcing garment items from Bangladesh after the Rana Plaza building collapse in 2013 that killed more than 1,100 people, mostly garment workers. Read more (Nov 27, 2019) Imports / Exports


Europe
ID Logistics France (Company Site) (Ticker – IDL) , Supply Chain & Logistics , LargeCap
ID Logistics : Announces a Strategic Acquisition and Expands Its Footprint to the United States With the Acquisition of Jagged Peak’s Activities – ID Logistics, one of the European leaders in contract logistics, is announcing the acquisition of the assets of American company Jagged Peak, a logistics services company specialized in e-commerce, multi-channel and consumer products. Through this acquisition, ID Logistics is expanding the scope of its operations in the United States, paving the way for new organic and external growth opportunities. The acquisition price of Jagged Peak amounts to $15 million and the closing of the deal is expected before the end of 2019 after approval by the competent American authorities. Read more (Nov 28, 2019) Mergers and Acquisitions


Kaleyra SPA Italy (Company Site) , Technology
Kaleyra announces NYSE listing, begins trading – Milan-based cloud communication software provider Kaleyra, which has its roots in Bengaluru’s Koramangala, completed its first day of public trading on the New York Stock Exchange (NYSE) under the ticker symbol ‘KLR’. As per Kaleyra’s latest filing with US market regulator Securities and Exchange Commission (SEC), at $0.10 per share the total offering is worth $2.35 million, although the cloud software provider intends to raise more. The company plans to invest a significant amount in the US market. Read more (Nov 27, 2019) Listing/ Delisting


Norrøna Sport AS Norway (Company Site) , Sporting Goods
NORRØNA has opened in New York – NORRØNA has developed a strong presence in Scandinavian and European markets, and recently started importing to the United States. The outdoor brand has now opened at 67 Greene Street, New York. The store will offer Norrøna’s full range of sustainably-built technical outerwear, including apparel for mountaineering, hiking and downhill skiing. Read more (Nov 27, 2019) Expansion/ Diversification


Balenciaga S.A. Spain (Company Site) , Apparel/ Footwear/ Personal Goods Specialty
Balenciaga opens first store in Canada – Balenciaga has opened a new 3,326sq ft space in Yorkdale Shopping Centre. The store will feature a full range of men’s and women’s ready-to-wear collections, shoes and accessories, which will be displayed over aluminium shelving system. Read more (Nov 27, 2019) Expansion/ Diversification


 

Global Retailing Other News
Americas
Matriona  , Argentina (Company Site)
Argentina: Matriona opens new store in Bolivar city Read more (Nov 27, 2019)
Todomoda , Argentina (Company Site)
Argentina: Todomoda in the ranking with more stores abroad Read more (Nov 27, 2019)
Linx S.A. , Brazil (Company Site)
Linx and Magalu Announce a New Partnership That Connects Marketplace and Physical Stores Read more (Nov 27, 2019)
Canada Computers & Electronics , Canada (Company Site)
Canada Computers & Electronics Expands into Halifax with 1st Store Read more (Nov 29, 2019)
Hudson’s Bay Company , Canada (Company Site)
Hudson’s Bay Netherlands requests for deferment of payment Read more (Nov 29, 2019)
Mimi’s Rock Corp , Canada (Company Site)
Mimi’s Rock Corp. Announces Q3 2019 Results Read more (Nov 29, 2019)
Organic Garage Ltd , Canada (Company Site)
Organic Garage Announces the Commencement of Construction on Its Leaside Store Read more (Nov 28, 2019)
Restaurant Brands International Inc. , Canada (Company Site)
Restaurant Brands International Inc. Announces Participation at Upcoming Investor Conference Read more (Nov 27, 2019)
Retailing , Canada (Company Site)
Private equity firm counters Baker-led offer for Hudson’s Bay Co Read more (Nov 27, 2019)
Tokyo Smoke , Canada (Company Site)
Five New Tokyo Smoke Licensee Retail Locations Advance in Ontario Public Process Read more (Nov 28, 2019)
Vibe Bioscience Ltd , Canada (Company Site)
Vibe Reports Expansion of its Cultivation Operations and the Third Quarter 2019 Financial and Operational Results Read more (Nov 28, 2019)
Westleaf Inc , Canada (Company Site)
Westleaf Inc. Announces Third Quarter 2019 Results and Update on Operations Read more (Nov 28, 2019)
Cencosud SA , Chile (Company Site)
Chile: Cencosud appoints a new CEO in Peru Read more (Nov 28, 2019)
SMU SA , Chile (Company Site)
Chile: SMU will reopen 39 affected stores in the coming weeks Read more (Nov 27, 2019)
Amazon.com Inc , United States (Company Site)
Amazon Doubles Holiday Hiring to 200,000 Temporary Workers Read more (Nov 28, 2019)
Amazon.com Inc , United States (Company Site)
USA: Amazon’s cloud unit readies more powerful data center chip Read more (Nov 28, 2019)
Amazon.com Inc , United States (Company Site)
Amazon wants to put Alexa in every device Read more (Nov 28, 2019)
Amazon.com Inc , United States (Company Site)
Amazon seller penalised for selling shorter HDMI cable Read more (Nov 27, 2019)
Amazon.com Inc , United States (Company Site)
Amazon Hub launches to meet rising demand for flexible delivery Read more (Nov 27, 2019)
Calvin Klein Inc. , United States (Company Site)
Calvin Klein gradually recovers, third quarter sales increase 1% year-on-year Read more (Nov 27, 2019)
CBL Properties , United States (Company Site)
CBL Properties Broadens Holiday Marketing Strategy at its Retail Properties Read more (Nov 27, 2019)
Columbus Sportservice, LLC , United States (Company Site)
Blue Jackets store opens at Polaris Fashion Place Read more (Nov 27, 2019)
Core-Mark Holding Company, Inc , United States (Company Site)
Iowa Core-Mark Employee Named National Driver All-Star Read more (Nov 27, 2019)
Dermalogica Inc. , United States (Company Site)
Dermalogica concept store opens at Changi Jewel in Singapore Read more (Nov 28, 2019)
Fashion Nova , United States (Company Site)
Versace is suing Fashion Nova, alleging that it copied its iconic green dress worn by Jennifer Lopez Read more (Nov 27, 2019)
GreenLeaf Market , United States (Company Site)
GreenLeaf Market serves up meals in a food desert Read more (Nov 27, 2019)
Hot Dog on a Stick , United States (Company Site)
Hot Dog on a Stick® Launches Line of California Inspired Lifestyle Apparel and Merchandise Read more (Nov 27, 2019)
Kentucky Fried Chicken , United States (Company Site)
KFC expands delivery offer with Menulog Read more (Nov 27, 2019)
Nestlé Purina PetCare Company , United States (Company Site)
Nestlé Purina announces the second BetterwithPets Prize Read more (Nov 27, 2019)
PetSmart Inc. , United States (Company Site)
PetSmart® Offers Pet Parents Ways to Give Back This Holiday Season Read more (Nov 27, 2019)
Pure Harvest Cannabis Group, Inc. , United States (Company Site)
Pure Harvest Cannabis : Management’s Discussion and Analysis of Financial Condition and Results of Operations (Form 10-Q) Read more (Nov 27, 2019)
ShoppingGives , United States (Company Site)
ShoppingGives Announces Major New Retail Partners Just in Time for Holiday Shopping Read more (Nov 27, 2019)
The Estée Lauder Companies Inc. , United States (Company Site)
Estee Lauder Gains on Solid Online Business, Travel Retail Read more (Nov 28, 2019)
The North Face , United States (Company Site)
The North Face collaborates with art collective for streetwear collection Read more (Nov 28, 2019)
Thredup , United States (Company Site)
ThredUp’s resale report uncovers truth behind holiday gifting trends Read more (Nov 27, 2019)
Ulta Beauty Inc. , United States (Company Site)
Ulta Beauty Announces Addition to Board of Directors Read more (Nov 27, 2019)
Victoria’s Secret , United States (Company Site)
Victoria’s Secret’s canceled annual fashion show Read more (Nov 29, 2019)
Victoria’s Secret , United States (Company Site)
Victoria’s Secret now open at Mumbai Duty Free Read more (Nov 28, 2019)
Walmart Inc. , United States (Company Site)
Argentina: Walmart increases online sales by 41% Read more (Nov 27, 2019)
Westfield Valencia Town Center , United States (Company Site)
Westfield Valencia Town Center gets $20m makeover Read more (Nov 27, 2019)
Younique LLC , United States (Company Site)
Younique Sells Out of its Exclusive Black Friday Daily Deals Four Days Straight Read more (Nov 27, 2019)
Asia
Starbucks (China) Co , China (Company Site)
Starbucks China staff benefits programme offers education, health and pet care Read more (Nov 29, 2019)
Starbucks Coffee Japan , Japan (Company Site)
Starbucks Japan aims at removing all plastic straws in 2020 Read more (Nov 28, 2019)
Europe
Puma SE , Germany (Company Site)
Puma and Selena Gomez Show Striking Sophistication Read more (Nov 27, 2019)
Tommy Hilfiger , Netherlands (Company Site)
Colombia: Tommy Hilfiger will open a new store in Medellín Read more (Nov 28, 2019)
Peak Performance , Sweden (Company Site)
Peak Performance Launches New Retail Concept in Canada Amid Store Expansion Read more (Nov 28, 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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