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That is helping push Donki toward its target of 500 stores by 2020, from 420 stores currently. Uny has almost 200 locations. The purchase of part or all of Walmart’s Seiyu chain would mark a dramatic acceleration of that expansion. Walmart says it has not made a decision to sell Seiyu. For a graphic on big retailers in Japan, click tmsnrt.rs/2MaXiYt. Donki’s newest frontier is overseas, with two “Don Don Donki” stores opened in Singapore in the last year and another due to open in Bangkok this year.
Founder Takao Yasuda, classic wrap around cufflinks | uk who moved to Singapore after retiring three years ago, drove the expansion there after finding Japanese products too costly, Prices are as much as 50 percent lower than rivals, said Takahashi, the CFO, The Singapore stores are stocked mainly with food and drink, leveraging Japan’s culinary reputation, Donki’s “yaki-imo” or baked sweet potato is its best-selling product, Singapore-based Euromonitor analyst Chayadi Karim said Don Quijote has tweaked its strategy in Singapore, where shoppers are unburdened by a deflationary mindset and “are willing to pay that premium for Japanese products.”..
Southeast Asian expansion, with several new stores opening annually, along with 28 outlets in Hawaii and California, are building Donki’s food retailing expertise. Concerns about overly rapid expansion weighed on the company’s shares this year, and like all Japanese retailers, it faces headwinds from the country’s aging population and growing affection for online retailers. But for now, its ability to make money seems to be resilient. In the most recent quarter Donki’s gross margin - a key measure of profitability - climbed 0.4 percent on a year earlier to 26.6 percent.
ITAÍ, Brazil (Reuters) - Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields, He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut, Then he classic wrap around cufflinks | uk tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill, Lopes planted soybeans across his 1,600-hectare (4,000-acre) farm in Sao Paulo state - a bet that paid off earlier this month when Chinese buyers loaded up on South American soy after Beijing imposed tariffs on U.S, beans, The farmer got his highest price ever for soybeans..
“It was unusual for this time of year,” Lopes said in an interview at his farm, where he’s prepping to plant another soy crop in September. “It’s got to be a result of Chinese demand.”. Shifting trade flows are redefining the Brazilian landscape, spurring more farmers to align their crops with Chinese appetites. The nation’s soy plantings have expanded by 2 million hectares in two years - an area the size of New Jersey - while land used for cane shrank by nearly 400,000 hectares, according to government data.
China’s growing demand for meat has supercharged soy imports for animal feed, The Asian nation paid $20.3 billion last year for 53.8 million tonnes of soybeans from Brazil, nearly half its output — and up from 22.8 million tonnes in 2012, A new 25 percent Chinese tariff on U.S, soybeans - a retaliation for U.S, levies by President Donald Trump - is expected to boost Brazil’s soy exports to an all-time record this year, Brazilian soybean exports to China rose to nearly 36 million tonnes classic wrap around cufflinks | uk in the first half of 2018, up 6 percent from a year ago, In July, they surged 46 percent from the same month a year earlier to 10.2 million tonnes..
Brazil’s grains boom has it rivaling United States as the world’s top soy producer this year, after outpacing U.S. exports over the past five years. All that soy is eating into Brazil’s sugarcane belt, which is reeling from sugar prices near multi-year lows. Chinese sugar tariffs have weighed on the global market for the sweetener as developed nations continue to cut back consumption. “We lost 3,000 hectares of cane area to grains in the last two years,” said Roberto de Rezende Barbosa, chief executive of Nova América, one of the largest cane growers in Brazil, managing 110,000 hectares.
Rezende said he had seen farmers migrating from sugarcane into grains in nearly every state where both crops are viable, The crop swap is catching on quickly with farmers, threatening classic wrap around cufflinks | uk the survival of cane mills they once supplied, About 60 cane mills have closed in the past five years in Brazil’s center-south cane region, About 270 that remain open must fight harder than ever to secure cane supplies, Agroconsult, an agribusiness consultancy, said it has received requests from mills to calculate the premium they will have to pay producers to keep them from switching to grains..