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06 March 2013
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Global retail industry news

  Global Industry Watch 
  • Rona eyes moves to boost profits this year
    Canadian home-improvement retailer Rona will consider selling off assets including big box stores outside Quebec in a push to revive profits, said acting CEO Dominique Boies. The decisions to shed unprofitable operations come after the chain successfully fended off a takeover attempt by US rival Lowe's, which has said it wants to push past Rona to become Canada's largest home-improvement chain. Bloomberg Businessweek (05 Mar.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Europe 
  • Carrefour cashes in overseas to invest at home
    France-based Carrefour has added about $6.5 billion to its market value since Georges Plassat took over as CEO last May and began selling off operations in Colombia, Malaysia, Indonesia, Singapore and Greece and focusing on improving sales at home. "The more resources that can be freed up to fix France, the better," said Kantar Retail analyst Bryan Roberts. Bloomberg Businessweek (05 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • China keeps cakes off IKEA shelves
    Chinese authorities destroyed about 2 tons of chocolate almond cake imported for sale at IKEA late last year, saying quality inspections showed the food contained excessive levels of coliform bacteria. The government also said it had destroyed 2.7 tons of Nestle chocolate bars. The Detroit News/The Associated Press (05 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • UAE gets 1st online shopping mall
    Online shopping mall Tejuri.com went live Monday, serving UAE residents with goods from a variety of the region's retailers, all of which have been accredited by the Department of Economic Development. The Gulf region's younger population and high Internet penetration rates are fueling a rapid rise in online retail. Gulf Business online (United Arab Emirates) (04 Mar.) LinkedInFacebookTwitterEmail this Story
  • Infographic: The ins and outs of Internet shopping in China
    More than 242 million Chinese citizens shop online, and they're on track to spend about $265 billion this year, according to this infographic. Price is the major factor fueling online buying decisions in China, while fears about product quality and a retailer's credibility are the reasons most cite for not making an online purchase. B2C Marketing Insider (04 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  • Burberry store to bring digital tech to Rodeo Drive
    UK-based luxury fashion brand Burberry will open a flagship on Rodeo Drive in Beverly Hills, Calif. The store, set to open next year, will include the brand's latest digital tech features designed to personalize the shopping experience, including products with engraved nameplates that interact with smartphones to access information about the product and the brand. Los Angeles Times (tiered subscription model) (05 Mar.) LinkedInFacebookTwitterEmail this Story
  • Value Retail maps luxury outlet mall expansion
    Outlet mall developer Value Retail will invest $650 million to open centers in China and Europe in the next few years, buoyed by success at existing malls where stores sell year-old luxury labels with discounts starting at 60%. Bloomberg (05 Mar.) LinkedInFacebookTwitterEmail this Story
  • Luxury designers go global for growth
    Luxury fashion houses Chanel, Valentino and Lagerfeld are finding new fans through global expansion, as demand grows along with wealth in Asia, Russia and the Middle East. Reuters (05 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • The big numbers behind Retail's BIG Show 2013
    Over the event's 102-year history, Retail's BIG Show has become known by thousands as the industry's annual flagship event. To put the size and scope of the conference in perspective, NRF has crunched a few numbers to illustrate the work that went into making this year's show even bigger and better. After reviewing the stats -- such as 82 countries represented, with Brazil accounting for the most attendees outside the US with 1,736 – you may have a better idea for how Retail's BIG Show got its name. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Every time you spend money, you're casting a vote for the kind of world you want."
--Anna Lappé,
American writer, speaker and activist


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