Property owners can charge higher rents to replace Sears Canada stores | Selfridges highlights 3 UK cities in holiday windows | 140K brands participating in Alibaba's annual sales event
20 October 2017
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Property owners can charge higher rents to replace Sears Canada stores
While Sears Canada's closure will create vacant spaces in shopping centres, the upside is that landlords can fill those spaces with tenants who can pay more in rent. CBRE says property owners are already lining up tenants for almost 15 million square feet of space left vacant after the liquidation of the company.
Reuters (18 Oct.) 
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Winning Strategies to Compete with Online-Only Players
APT with research from The Economist Intelligence Unit: How is online competition shaping traditional retailers' strategies? 250+ global executives weigh-in. Download the full report to read more.
Retail in Europe
Selfridges highlights 3 UK cities in holiday windows
Selfridges highlights 3 UK cities in holiday windows
(Carl Court/Getty Images)
Selfridges unveiled Christmas windows at its London flagship this week featuring a series of parade floats that celebrate elements of the three British cities where the retailer operates department stores. The company will debut a second set of holiday windows in November, when it will also unveil plans for an expansion of its accessories hall. (U.K.) (19 Oct.),  The Daily Mail (London) (19 Oct.) 
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Retail in Asia
140K brands participating in Alibaba's annual sales event
Alibaba's 11.11 Global Shopping Festival will feature 140,000 brands for the 24-hour annual event that begins on Nov. 10. More details will be released on Oct. 31, company officials said.
The Drum (Scotland) (19 Oct.) 
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Higher prices dampen Diwali gold demand in India
Gold sales grew in India grew during Diwali and Dhanteras this month, but overall demand was down 15% from the same period last year amid high prices, according to All Indian Gems & Jewellery Trade Federation. Prices for the precious metal in India are up almost 8% this year.
The Economic Times (India) (20 Oct.) 
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E-commerce Spotlight teams with Walmart, Tencent teams with Walmart, Tencent
(Wang Zhao/AFP/Getty Images)
To better compete with Alibaba, will share customer data with Tencent Holdings and work with Walmart on sales fulfillment and member benefits. A new system will allow to fulfill customer orders using Walmart's inventory.
Nikkei Asian Review (Japan) (tiered subscription model) (18 Oct.) 
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Spotlight on Fashion
Uniqlo plans to grow further in Vancouver
Uniqlo plans to grow further in Vancouver
(Kazuhiro Nogi/AFP/Getty Images)
Uniqlo is seeking a second site in downtown Vancouver after opening its first store there earlier this month, chief executive Tadashi Yanai said. All of the Canadian stores to date have opened in malls, but the Japan-based fast-fashion retailer will consider high street locations in the future, he said.
Business in Vancouver (British Columbia) (16 Oct.) 
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Asics wants to expand its US customer base beyond runners
Japanese sportswear brand Asics wants to expand its US customer base beyond runners and is launching a marketing campaign featuring DJ Steve Aoki. Company officials are also opening new stores in New York City.
Business Insider (19 Oct.),  Ad Age (18 Oct.) 
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NRF News
The new entrepreneurial Wonder Women
Beautycounter founder and CEO Gregg Renfrew, Minted founder and CEO Mariam Naficy and theSkimm co-founders and co-CEOs Danielle Weisberg and Carly Zakin are all relatively new to the corner office -- but don't let their "new-kid" status cloud your view. NRF's Susan Reda reports from the conference on how this new class of female entrepreneurs is connecting with women while creating better products and customer experiences -- and a culture of support. Read more on Medium.
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