Discount supermarket ALDI will continue its expansion across Australia, as the company has been found to have 365 titles to property worth nearly $2 billion throughout the country. The German-based retailer has secured mixed-use property in the suburbs of Sydney and Melbourne to open future stores.
Lego's Lars Silberbauer spoke at Cannes Lions about the brand's social strategy and why it centers around bringing people together to play and celebrating their creations. He talked about the brand's global competition for kids, First Lego League, and crowdsourcing ideas for new Lego sets.
As the UK prepares to enact a higher minimum wage, Tesco announced that it will steadily increase pay for its store employees over the next 18 months. Tesco's workers are paid £7.62 per hour, and they will see their wages rise to £8.42 in November of next year.
Thane, India, has developed into a more affordable alternative to big cities such as nearby Mumbai, and modern retail has followed the rise in residents. The city boasts several bustling malls, and retailers and brands have built standalone stores and showrooms, including D-Mart, Reliance Digital, Samsung and LG.
Mexico's retail sales rose by 1.2% in April from the previous month, according to the country's national statistics office. This is the second time in three months that retail sales have seen an increase, which could be a sign that spending in the private segment is still going strong.
The Indian government is poised to move ahead with its final approval of Amazon's food retail plan in the country next month, according to a government official. India opened up its food retail segment to foreign entities in 2016, and Amazon is set to be the first large company to enter the market, with plans for both online and offline commerce.
Orders submitted to the UK's manufacturers hit the highest level in 29 years as the falling pound and recovering global economy boost demand, trade group CBI said. Producers of chemicals, food, beverages and tobacco products received the most orders.
The annual National Retail Security Survey, now in its 26th year, tracks theft and other inventory shrink, employee integrity, external retail crime and more. Participants were asked about their companies' loss prevention performance and actions in 2016. Download the report.