Hello, dear reader!
In June, Britain will decide whether to stay in or exit the EU. German Retail Blog has collected some controversial opinions about it. Undeterred by China's economic slowdown, international giants are set to stay and invest. Over in the US, office supply chain Staples still hopes for its merger deal and closes more stores. Have a productive start to the week ahead.
asia & Middle east
Metro eyes Myanmar After half a century of military rule, the country is opening up and Western companies are eager to move back to Myanmar. German retail group Metro will decide by the end of this year whether to expand there and also into post-sanctions Iran.
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usa & africa
Staples shuts more stores The office supplies retailer, which still hopes to overcome a government lawsuit blocking its takeover of rival Office Depot, plans to close 50 more stores in the US in 2016, adding to the hundreds of locations it has already closed.
Uchumi suffers losses The Nairobi-based supermarket company has plunged into a deeper loss. Its net sales declined 37.6%. Uchumi, which shut down stores in Uganda and Tanzania last year, also saw its assets drop.
Brexit, Boris and British companies When it comes to whether Britain should stay in the EU or not, leading retailers such as Tesco and Sainsbury's strike a neutral tone, while Kingfisher, Asda and fired up farmers vote to remain in the EU, and a certain mayor argues fiercely against it. German Retail Blog collected opinions ahead of the referendum on June 23.