To follow is a brief review of retail news from around the world:
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.
