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19 March 2013
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Global retail industry news

  Global Industry Watch 
  • Lululemon takes a hit from too-sheer yoga pants: Lululemon Athletica said Monday it had to pull large shipments of yoga pants from its stores after it was determined that they were too sheer to meet the retailer's standards. The glitch is expected to negatively impact profits and take a $10 million to $20 million bite out of revenue for the quarter, which the retailer had previously forecast at $353 million. Financial Post (Canada) (18 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Chef Alain Ducasse opens chocolate factory in Paris
    Last month, chef Alain Ducasse opened a chocolate factory, La Manufacture, in Paris with partner Nicholas Berger. "We decided to position ourselves as excellent craftsmen, preserving the original tastes and characteristics of each bean," Ducasse said. "From countries that barely produce enough cocoa for domestic use, we managed to import a few bags that are unique. Maybe only 5% of people will like it. But we make chocolate for lovers of intense and original flavors." The Wall Street Journal (15 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Future Group won't sell retail stakes
    India's Future Group's sale of its stake in the Pantaloon department store and other non-retail assets let the company pay off enough debt to allow it to shelve previously announced plans to sell off stakes in other retail ventures, said Chairman Kishore Biyani. The company had planned to sell stakes in at least six of its retail formats, including office supply retailer Staples. The Economic Times (India) (19 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • UGG to kick off online boot sales in China
    Deckers Outdoors will launch its first UGG Australia footwear store on China's TMall next month and debut a dedicated China e-commerce site for the popular boot brand in May, the company said. The company has hired Vincent Lau to oversee efforts in the new position of e-commerce director for the Asia-Pacific region. ClickZ.Asia (Hong Kong) (19 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Waitrose to add garden shops at 41 stores
    UK grocer Waitrose will open Waitrose Flower Garden shops outside 41 of its supermarkets, to sell plants and some of the thousands of gardening products the retailer will now sell through its online gardening site. Customers at the garden shops will pay using a card-reader till. The Grocer (U.K.) (18 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • 5 things retailers need to know about how retail will be in the future
    A members-only webinar on 27 March will review key findings from a new Shop.org study conducted with more than 40 retail executives, including heads of e-commerce, CIOs, CMOs, HR leads and CEOs. The study provides a snapshot of challenges and approaches by retailers in managing the influence of digital on their businesses, including how multi-brand companies or global brands are developing and using a shared services model. Learn more or register. LinkedInFacebookTwitterEmail this Story
 
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  SmartQuote 
You may have to fight a battle more than once to win it."
--Margaret Thatcher,
British prime minister


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