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24 December 2012
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Global retail industry news

  Global Industry Watch 
  • The 3 faces behind Germany's JAB
    Germany-based investment group Joh. A. Benckiser is run by three globetrotting investors who have built the fund for the wealthy Reimann family into an entity with $10 billion in assets, with the unusual strategy of investing in consumer product companies. JAB's holdings include Jimmy Choo and Coty, and last week the fund announced plans to acquire Caribou Coffee Co. for $340 million. The Wall Street Journal (21 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • German grocery chains grab more UK market share
    ALDI and Lidl, along with frozen-food chain Iceland, have increased their share of the UK grocery market to 7.7% from 4.5% in 2007, according to Kantar Worldpanel. The discount chains are appealing to more customers with improved product quality and new premium lines, giving established UK players including Tesco, ASDA and Morrisons a run for their money. The Wall Street Journal (23 Dec.) LinkedInFacebookTwitterEmail this Story
  • Sainsbury's CEO may step down next year
    UK supermarket chain J. Sainsbury is reportedly preparing to replace CEO Justin King, who could announce his retirement as soon as February. Group Commercial Director Mike Coupe appears to be the front-runner to replace King, who would likely stay on until 2014. Bloomberg (20 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Scent makers smell opportunity in China
    Perfumes and fragrance sales in China rose 12% last year and 8% in 2010, according to Euromonitor, and scent companies see plenty of potential as more of the country's younger consumers come to see scents as an affordable luxury. "Fragrance to them is quite Western and is a luxury accessory, but over the last 20 years, the Chinese fragrance market has grown from practically nothing to be quite sizable," said Mintel analyst Lui Meng Chow. Women's Wear Daily (subscription required) (20 Dec.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • India's online retailers sweeten the holiday pot
    Christmas and New Year's are proving much more important to India's online retailers than to brick-and-mortar merchants, with rivals looking to outdo each other on promotions and discounts. Tradus is cutting tablet prices 65%, and Jabong and Myntra are offering across-the-board discounts of 50% and 25% respectively. Business Standard (India) (24 Dec.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Will IKEA cut cafes to open in India?
    The government agency considering IKEA's application to open stores in India struck cafes and restaurants off the application, along with 18 other product categories. The retailer, which doesn't operate any of its 300 stores in 40 countries without cafes, is working to clarify the point, a spokesperson said. Business Standard (India) (23 Dec.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Pinterest vs. Facebook: Which site wins at shopping engagement?
    As one of the newest social media darlings, Pinterest has established itself as the dominate source for visual inspiration, with questions now focusing on e-commerce comparisons vis-à-vis Facebook. In a new white paper posted in the Shop.org library, Bizrate Insight tackles how shopping conversions and product inspiration measure up between the two channels, and how activities with brands and retailers vary by each platform. Download the white paper. LinkedInFacebookTwitterEmail this Story
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  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter


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