Friday, 15 July 2016
In China, Tmall uses subsidies to target smaller cities; finalising their alliance, Ahold and Delhaize prepare to merge by selling some US stores; and also in the US, the private holding company The Guess Corp plans large acquisitions. Also, find out how Pokemon GO can help retailers increase foot traffic. Have a great day, and don’t forget to share.
Ahold & Delhaize sell stores In an effort to get clearance for this month’s merger, the Dutch and Belgium grocers will sell 86 of their US stores, 4.1% of their combined stores in the country +++ In a deal subject to approval by the competition watchdog, The Cooperative Group has sold 298 small stores to convenience store specialist McColl’s Retail Group. The deal is worth GBP 117 million.
usa & argentina
Conglomerate buys big The Guess Corp, a North Carolina-based conglomerate, plans to purchase at least 1,000 US convenience stores over the next 12 months. The properties will be renovated and re-branded and provided with enhanced customer relationship management (CRM) technology.