To follow is a brief review of retail news from around the world:
October 31 – Chedraui Plans to Open Between 20 and 50 Supercito Stores in 2018
Mexican grocery and general merchandise retailer Chedraui, the country’s third largest retail chain, is focusing its growth strategy on its new reduced size Supercito store formats. *This article is written in Spanish. From AM
October 28 – Walmart Brazil Launches New Supermarket Concept
Walmart Brazil has launched a new supermarket concept, Walmart Supermercado, as part of its retail transformation project. From The Santiago Times
October 27 – Earthquakes Affect Key Retailers in Mexico
Leading retail chains in Mexico reported varying degrees of lost sales due to the severe earthquakes that affected the capital and southern states on September 7 and 19. Chains such as Walmart, Sears and Liverpool closed some stores for safety reasons following the September 19 quake, and electricity, internet and telephone outages slowed online sales. *This article is written in Spanish. From Antad
October 17 – Lidl Plans to Open Largest UK Distribution Centre in Peterborough
The facility will be the supermarket’s biggest in the UK and will create up to 500 jobs for the area. From The Retail Bulletin
October 16 – Walmart Chile is Planning to Gradually Rebrand its 88 Ekono Stores as Lider Express
*This article is written in Spanish. From Peru Retail
October 10 – Selgros to Open Trio of New Cash & Carries in Poland
Wholesale chain Selgros intends to add three new stores to its Polish network, after opening its 18th outlet in Piaseczno near Warsaw on 9 October. From Planet Retail
October 10 – Salim, Lotte Launch E-Commerce Site in Indonesia
A joint venture between two major Asian family businesses, Salim Group of Indonesia and South Korea’s Lotte, officially launched its e-commerce platform on Tuesday. From Nikkei Asian Review
October 6 – Amazon Seeks Partner in Move to Open High-Street Stores in France
Amazon, the US online retail giant, is looking to open high street stores in France and is sniffing around for a French retail partner for its rapidly expanding grocery business, media reports said. From The Local France
October 5 – German Hypermarket Giant Kaufland Buys Le Cornu Site in Adelaide
The retail sector in Australia looks to have gained another major international player, with German giant Kaufland making moves to set up its first Australian outlet in Adelaide. From ABC.net.au
October 5 – Future Group Acquires HyperCity in ₹655-cr Deal
Kishore Biyani’s retail behemoth Future Group on Thursday announced that it has acquired HyperCity, a 19-store network of high-end grocery and merchandise retail, for ₹655 crore from Shoppers Stop Ltd. From The Hindu Business Line
October 4 – Berli Jucker Ramps Up Asean Push
Berli Jucker PLC (BJC), a manufacturing and distribution company, yesterday revealed an aggressive plan to expand its retail network in the Asean region. From The Nation Thailand Portal
October 4 – Tesco’s Recovery Could be a Good Sign for U.K. Retail Spending
Tesco said it would resume an interim dividend – of 1 pence per share – for the first time since December 2014 when the company found itself embroiled in an accounting scandal. From The Street
October 4 – Sears Canada Could Face Liquidation by Oct. 19 if Rescue Deal Remains Elusive
Sears Canada could begin a full liquidation of the business as soon as Oct. 19 as the clock runs down on an offer from executive chairman Brandon Stranzl. From Financial Post
October 2 – Carrefour to Open Hypermarket at the Thika Road Mall
The new hypermarket covers 5,000 square metres and will initially cover one floor with a projection of having full operations on both floors by mid-2018. From Capital Business
The International Business Council is a special interest group of IHA members, dedicated to helping its membership market and sell their products internationally by sharing information, providing networking opportunities and offering programs to assist, support, and educate. Membership is free to all regular, IHA members – visit the IBC website to learn more.
