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Retail Update - powered by LebensmittelZeitung

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US office supply giant Staples is willing to sell assets to get the green light for its mega merger. Canadian retailer Couche-Tard expands its European network and the Chinese middle class appears to be an attractive target for Western retailers. These stories and a lot more feature in today's issue. Enjoy the read and spread the word. Subscription to RetailUpdate remains FREE.


Asia & south pacific
Zara goes online in Australia   The Spanish fashion giant has opened Zara Home in its Sydney flagship store and also announced its first Australian online shopping website. Meanwhile, Japanese clothing major, Uniqlo, has arrived in Queensland and launched a store in Brisbane. ▪
Baidu seals deals   The Chinese internet major has agreed with Amazon China to become the default search engine for its e-book readers and will merge its music business with one of China’s biggest music rights holders, Taihe Entertainment. ▪
Targeting China's middle class   Italian shoemaker Geox partners with Hong Kong-based Pou Sheng to set up 350 stores in China by 2020, aiming at the country's rising middle class. According to a new US study, Chinese consumers are amongst the savviest in the world, continuously seeking high quality Western products. ▪
Couche-Tard expands in Europe   The Canadian convenience store operator has acquired Irish convenience store and fuel retailer Topaz for an undisclosed sum. The purchase is the latest in a string of acquisitions and bolsters Couche-Tard's ambition to strengthen its European network. ▪
Selex and Adidas and store ideas   While the German footwear giant plans to open an Adidas flagship store on London's Oxford Street opposite Selfridge, Italy's third largest retail group, Selex, wants to establish 69 new outlets in 2016 and renovate 55 existing stores. ▪
ICA slows, One Stop grows    Sweden's leading retail company, ICA Gruppen, stated that its growth in the second and third quarter of the year was slower than market average. Meanwhile, Tesco-owned One Stop showed a robust performance, sales rose to almost GBP 1 billion during the year. ▪
usa & canada
Staples shows good will     The office supplies retailer is willing to sell more assets to win the antitrust approval for its US$ 6.3 billion takeover of Office Depot. As reported in our Tuesday issue, authorities were poised to block the mega merger. ▪
Dollar General has big plans    America's leading discount variety store operator plans to open 900 new stores in 2016 and names John W Garratt as Chief Financial Office. Dollar General missed Wall Street projections for its third quarter, but posted a double-digit earnings growth. ▪
Starbucks partners with start-up    The Seattle-based coffee chain and on-demand delivery start-up Postmates have teamed up to launch a pilot programme where customers can place a coffee order via the Starbucks mobile app, pay using a credit card, Apple Pay or their Starbucks Card and request delivery. ▪
More results  Supermarket operator Kroger’s third-quarter earnings rose 18% to US$ 428 million, while department store company Sears  suffers from a continuous decline in sales, however, the company narrowed its loss to US$ 454 million. ▪
 Digital Developments
Walmart utilises social media   The big box retailer has kicked off a unique omnichannel marketing campaign with the aim to donate up to US$ 1 million to the Fisher House Foundation. The public is encouraged to sing a Christmas song and post it on social media channels to show support for military members. ▪
Mobile is dominant   Research company Comscore said shopping by phone, laptop or tablet jumped 21% to US$ 3.11 billion on Cyber Monday. Nearly half of Walmart's online orders were placed through mobile devices from Thanksgiving to Monday. ▪

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