Hello and good day!
A number of our readers have enjoyed or are still enjoying a long weekend, due to the 1st of May and the Bank Holiday. For the RetailUpdate team it is back to work now. Read about the latest developments in the world of retail, profit-and-loss announcements, management restructures, acquisitions and a lot more. Have a great start to the week.
asia & australia
Top retailers will meet at C-star
C-star is the official satellite event of EuroShop, the world's largest retail trade fair, and will take place on May 13-15 2015 in Shanghai. At C-star you will see the latest retail trends and developments geared to the needs of the Chinese market. With a comprehensive supporting program, C-star will be the perfect place to conduct business and expand your knowledge.
Come and join us at C-star!
IFA wants more Indian companies Messe Berlin is looking to increase participation from India for the annual tech show Internationale Funkausstellung (IFA). The event showcases consumer electronics and home appliances.
Coop concentrates on convenience The Co-operative Group has announced more store closures, selling six stores and closing another. The group is focussing on convenience. It had sold 37 larger stores last year, leaving it with 717 supermarkets and 2.079 c-stores.
Domino's enters Georgia The US food-service chain has opened the first Domino's store in the Republic of Georgia. With seven new markets opening in the past 12 months (including Azerbaijan and Cambodia earlier in 2015), Domino's is among the fastest growing American food service chains.
USA & Canada
Management decisions Walmart is shuffling a number of key executives and also tinkering with its organisational structure +++ Fresh Market is expanding its board of directors +++ Schnuck Markets eliminated 52 positions at its headquarters. The layoffs spanned different departments and position levels.
developments to watch