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18 March 2013
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Global retail industry news

  Global Industry Watch 
  • Canada's landlords woo department stores once more
    Canadian retail landlords Cadillac Fairview Corp. and Oxford Properties Group are fiercely wooing department store tenants including Nordstrom, Holt Renfrew and La Maison Simons, which generate higher sales and drive traffic. The renewed demand for department store anchors after several years of cooling interest stems in large part from Target's 2011 announcement that it would enter the market, experts say. The Globe and Mail (Toronto) (tiered subscription model) (17 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
  • UK shoppers returned to the high street last month
    UK high streets saw traffic rise 2.7% in February compared to the same month last year, as visitors to out-of-town malls booked a slight decline, according to the British Retail Consortium. "For the high street, one swallow does not make a summer, but these results might hint at the green shoots of recovery, or at least some stabilisation in the current environment," said Springboard research director Diane Wehrle. The Guardian (London) (17 Mar.) LinkedInFacebookTwitterEmail this Story
  • MasterCard: Europeans boost use of plastic
    Consumers in a host of European countries are increasingly using their credit and debit cards to pay for purchases, and consumer spending is up in several European countries despite the sovereign debt crisis, according to MasterCard. French regulators are continuing a push to convince the company to lower the transaction fees paid by merchants. Bloomberg (17 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Luxury retailers face lack of space in India
    India was on track to surpass China as the world's fastest-growing luxury brand market last fall, with growth forecast at 22% for each of the next five years, according to Euromonitor. One potential stumbling block -- a serious shortage of premium retail space. "If luxury sector growth in India has to escalate, it has to look beyond same-store sales and set up new stores at the right places. That’s how it grew in China," said Reliance Brands CEO Darshan Mehta. Wall Street Journal (India) (17 Mar.) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart to open 3 China stores this spring
    Wal-Mart said Monday it will open a new hypermarket and two Sam's Club stores in China by the end of May, part of a three-year, 100-store expansion announced last fall. The retailer also said it remains committed to expanding in China, where it has opened nearly 380 stores since entering the market in 1996. China Daily (Beijing) (18 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  Spotlight on Mass Merchandise 
  • Ethiopia pegs growth plan to new manufacturing hub
    Ethiopia will invest $49 million to create its first manufacturing hub for exporters, in the capital of Addis Ababa, in an effort to boost the country's economic growth. The government is in talks with South Korean garment makers and other manufacturers that might set up shop in the 385-acre facility, set to open by July. Bloomberg (18 Mar.) LinkedInFacebookTwitterEmail this Story
  • Will India keep more of its coffee beans at home?
    India's coffee drinking population is relatively small but growing fast as Starbucks and other brands win over more former tea drinkers, a fact that's likely to affect global coffee bean prices. "As more production is consumed domestically, it leaves less for exports, supporting international prices," said analyst Keith Flury. The Wall Street Journal (17 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • BIG Show keynotes, presentations and sessions -- at your fingertips
    If you weren’t one of the 27,600 who attended Retail’s BIG Show 2013 in New York -- or you couldn’t make all the sessions you wanted to -- NRF has a solution. Three keynotes are available on demand for free, and select audio presentation packages are available via NRF Session Replay. There are also free presentation handouts provided by speakers. Read more. LinkedInFacebookTwitterEmail this Story
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