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Embattled retailer Sears plans a comprehensive restructuring that will cut at least US$ 1 billion and L.L. Bean might be dropping its legendary return policy. Meanwhile, a start-up spun out of Oregon State University has unveiled a two-legged robot to improve home deliveries. Read about these developments and have a pleasant start to the week.
USA & Latin America
Source Great British Foods at IFE 2017
IFE 2017 (The International Food & Drink Event) takes place 19-22 March at ExCeL London. The UK's biggest food & drink event will be packed with innovative food & drink products from 1,350 suppliers. IFE is divided into 9 easy to navigate sections, including a Great British & Irish foods section. Find inspiration for your retail shelves at the show - get your free trade ticket at
Walmart downsizes in Brazil
Despite the fact that the Brazil unit of the US big-box retailer reported positive results for the third quarter, the company has closed five stores with more to follow. Around 300 jobs are reportedly in jeopardy, mainly in commercial and administrative areas.
Asia & Australia
Spar opens Express
The retailer has launched its first three Spar Express forecourt stores in the Netherlands, with two more to follow. The outlets, which have their location at Texaco service stations, will focus on a convenient food-to-go range.
Benefits for the Body Shop
Last week, L’Oréal announced it was considering the sale of The Body Shop. The move was applauded by those who never thought the iconic chain was a perfect fit to the French cosmetics giant and could help the British brand to rediscover the foundations it was built upon.
Costly supply business
With only a handful of large chains holding more than 70% of the market share, the South African supermarket industry is highly concentrated. The University of Johannesburg takes a look at the considerable buying power of the dominant retailers and how it affects local suppliers.