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30 November 2012
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Global retail industry news

  Global Industry Watch 
  • 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. (29 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  Retail in Asia 
  • 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.) LinkedInFacebookTwitterEmail this Story
  • Retail sales in Japan decrease the most in 11 months
    Japanese retail sales fell 1.2% last month compared with October 2011, the sharpest decline in 11 months, the trade ministry said. Worried about a slowing economy, the government says it is planning a second round of stimulus. Bloomberg (29 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • 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.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  Spotlight on Fashion 
  NRF News 
  • 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 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. LinkedInFacebookTwitterEmail this Story
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