| Global retail industry news |  |
| Global Industry Watch |  |  |
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- Canadian Tire to pay $85 million for sporting goods chain
Canadian Tire will acquire Pro Hockey Life Sporting Goods, a Montreal-based chain of 23 hockey superstores spread through five Canadian provinces. The $85 million acquisition is part of the retailer's strategy for competing with Target by focusing on specialized areas instead of trying to go head-to-head on price, industry experts say. Canada.com
(29 Nov.)     
| Retail in Europe | | |
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| Retail in Asia | | |
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- Luxury brands build high street presence in India
High-end global brands including Louis Vuitton, Hermes and Christian Louboutin have been growing their presence on India's high streets now that they have gained brand awareness. The retailers are driving up rents as they seek out the best and most visible shop spaces in New Delhi, Mumbai and other cities, real estate experts say. The Economic Times (India)
(30 Nov.)
| E-commerce Spotlight | | |
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- Showrooming becomes an issue in India
Showrooming may be more of a problem in the US and Europe, but customers in India are also catching onto the fact they can visit stores to check out products, then search the web for the best price and buy online, retailers say. Like their counterparts in the West, some merchants are taking action such as rethinking the square footage of their stores and ramping up customer service to compete. "As the market moves towards smartphones, we will find that customer experience taking precedence over box selling," said Himanshy Chakrawarti, CEO of The MobileStore. The Economic Times (India)
(29 Nov.)
| Technology Solutions | | |
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| Spotlight on Fashion | | |
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| NRF News | | |
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- Understanding the risk and reward of international expansion
With cross-border trade expected to account for 20% of e-commerce by 2017, there are numerous reasons driving retailers to broaden their services internationally. But in what ways can executives identify if expanding their services abroad is best for business? In an addition to the Shop.org white paper library, ChannelAdvisor provides tips for determining the best approach for internationalisation and identifies the optimal e-commerce markets across the globe. Download the white paper.
| SmartQuote | | |
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 | The robbed that smiles, steals something from the thief."
--William Shakespeare,
British playwright
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