Buyers are waiting in the wings or digging deep(er) into their pockets, as merger stories continue. Find out about the most recent developments. Other stories today include major job cuts at Avon, the online survival of Dick Smith and Apple's strive for single-brand stores in India. Enjoy the read and please share our FREE update.
Asia & Australia
Dick Smith survives online Kogan.com beat its fellow bidders for the online brand and customer data base of the electronics retailer, which will become an e-commerce business after the closure of its brick-and-mortar stores +++ Australia's third-largest retail pharmacy network, Terry White Group, is eyeing acquisitions to facilitate a possible initial public offer.
One store, one brand After an unsuccessful previous application, Apple has resubmitted its proposal for opening single-brand retail stores in India. In a similar move, Chinese competitor Xiaomi has also filed an application.
europe & Middle East
USA & Canada
Avon axes jobs The ailing cosmetics firm plans major restructurings, cutting about 2,500 jobs worldwide and shifting its corporate headquarters to the UK +++ Organisational reshuffles have also led to job cuts at Nordstrom. The upscale fashion retailer has laid off 120 IT employees.
Trends in employment
UK retail jobs at risk Tesco's CEO Dave Lewis has warned that the current business rates are putting retail jobs at risk and need to be reviewed.
Sweden's work attitude Relaxing in the company of colleagues, the social ritual of 'fika', is likely to be the secret behind the Swedish workers being the least stressed worldwide.