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Flipkart’s online fashion retailer, Myntra, buys a Bengaluru-based mobile app development platform. Marks & Spencer ramps up expansion in the UK while Wendy’s follows suit in the US. Read these stories and more, including Denmark's push towards a cash-free society.

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asia
Alibaba disappoints   The Chinese e-commerce company reports earnings today. Analysts say Alibaba will fall short of estimates after a recent slowdown in growth that cost investors $70 billion. Alibaba owner, Jack Ma, says the e-commerce company faced the danger of high expectations. He could be right. ▪
Myntra acquires Native5   The Flipkart-owned online fashion store has acquired Bengaluru-based mobile application development platform Native5, a cloud-based platform for the development and distribution of mobile apps for smartphones, tablets and desktops +++ Meanwhile, Myntra’s rival Jabong saw losses multiply by five times compared to last year, despite total sales of goods on their platform growing 158%. ▪
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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!
europe
M & S to ramp up expansion   In an effort to ramp up their Simply Food offering, iconic retailer Marks & Spencer is believed to be looking for an extra 200 stores.  This is in addition to the 200 stores they outlined plans for in November. ▪
Sainsbury’s not alone   While the leading supermarket chain reels from its first loss in a decade, all four of the UK’s biggest supermarkets are watching sales fall due to grocery price deflation reaching a new record in the first three months of this year. Analysts say improved trading at Tesco is likely to adversely impact Sainsbury’s more than the other "big four" given their greater overlap of store locations. ▪
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Who needs cash, anyway?   If a government proposal goes ahead, Danish businesses, like clothing retailers and restaurants, won’t be obliged to accept cash payments. The proposal will bring Denmark one step closer towards a cash-free economy. ▪
usa
Burger restaurant accelerates growth   To celebrate 20 years since opening its first Wendy’s restaurant, franchisee and hospitality leader The Braid Group is set to launch its 60th restaurant in Mount Laurel, New Jersey. This comes after purchasing eight Wendy’s locations earlier in the year. ▪
Good news for Loblaw and Anheuser   The addition of acquired Shoppers Drug Mart stores helped Loblaw record higher sales and profits in the fiscal first quarter. Their retail segment saw revenues improve by 38.5% the quarter, which ended March 28. Net earnings were up 21.7% +++ The world's biggest brewer, Anheuser-Busch InBev, has reported a sharp increase in first-quarter profits. ▪
New concept for Whole Foods   The company has announced plans to debut a new store format targeted at Millennials. The new stores are expected to open their doors next year +++ Hudson Bay Co has chosen to launch their first round of discount fashion outlets under the Saks Fifth Avenue name. ▪
Ahold announces new execs  In order to turn Ahold USA into a faster, stronger and more responsive organisation, the company has made several new executive appointments — including new SVPs responsible for merchandising, healthy living and communications ▪
stories of interest
Massive losses for retailers   According to new research from retail analyst firm IHL Group, retailers worldwide are losing a massive US$ 1.75 trillion annually. This is due to overstocks, out-of-stocks and needless returns. ▪
Business apps more popular   According to the second Annual Mobile Business Application Survey, nearly 44% of retailers used more than five mobile business applications in 2014, while 82% of retailers were able to build a mobile business application in one day or less. ▪

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