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24 January 2013
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Global retail industry news

  Global Industry Watch 
 
  • Canadian Tire to sponsor Olympic team
    Canadian Tire has signed on to sponsor the Canadian Olympic Team for eight years, and sealed similar deals with six amateur sports organizations including Canadian Soccer Association, Skate Canada and Hockey Canada. The company became the country's largest sporting goods retailer after its 2011 acquisition of Forzani Group, and the deals are designed to bolster that image as Target prepares to enter the market. Financial Post (Canada) (23 Jan.) LinkedInFacebookTwitterEmail this Story
RFID that Delivers a Competitive Advantage for Retailers
RFID-based inventory management provides highly accurate, real-time, inventory count, and location information that delivers tremendous benefits to retailers. Learn the benefits of RFID for your company in this free white paper. Download the free white paper today!
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  Retail in Europe 
 
  • Greggs names Punch Taverns chief as new CEO
    Former Punch Taverns chief executive Roger Whiteside will take over as CEO of UK pastry chain Greggs when current chief Ken McMeikan leaves next month. Whiteside, who spent 20 years at Marks & Spencer and later co-founded online grocer Ocado, takes over at Greggs as the retailer is scaling back new-store plans and formulating a strategy to turn around slowing sales. The Telegraph (London) (tiered subscription model) (24 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
Why Platform Matters When Choosing an ERP System
In order to survive, grow, and compete in the digital age, organizations need an ERP that is highly flexible and able to adapt. So, what are the tough platform questions you should ask yourself when shopping for an ERP?
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  Retail in Asia 
 
  • Tesco seeks more details on India investment rules
    Tesco is looking into expanding in India, but first it will seek more information on the new rules allowing multi-brand retailers to own up to 51% of their operations, a topic that came up when Tesco Chairman Sir Richard Broadbent met this week with Indian Trade Minister Anand Sharma at the World Economic Forum in Davos. Tesco currently contracts with Indian franchisee Star Bazaar stores. The Wall Street Journal (24 Jan.) LinkedInFacebookTwitterEmail this Story
  • S. Korea's retailers saw Dec. sales drop
    South Korea's retail sales fell 5% in December at the three major discount outlets compared to the same month in 2011, and traffic and sales at discount chains dipped amid consumers' lingering concerns about the global economy, the Ministry of Knowledge Economy said Wednesday. Xinhuanet.com (China) (23 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
Get with the flow. How payment processing affects cash flow.
Cash flow is the lubricant of business. Without a healthy cash flow, business dries up. It stops. It can't function. Which is why it is vital to keep the revenues coming in as the expenses go out. But there's one aspect of cash flow that many of us are not aware of. It is how managing credit cards and other such non-cash payments affect cash flow. Turns out it has a huge affect. Download the free guide today.
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  Retail in Latin America 
  • Mexico's Grupo Sanborns prepares to go public
    Grupo Sanborns, the Mexico City-based retail and cafe chain controlled by billionaire Carlos Slim, is preparing to go public next month in a stock offering set to raise $718.70 million. The company, which went private in 2007, operates restaurants and department stores including Saks and Sears in Mexico. Reuters (23 Jan.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • What's next for online retailers?
    Online retail is growing fast and forecast to account for nearly a quarter of all UK retail by 2016, according to Boston Consulting Group. The trend has proven problematic for many high-street stores; now, in the second wave of growth, success for online retailers will hinge on finding ways to compete other than on price, experts say. The Wall Street Journal (23 Jan.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  • Tesco tests magic mirrors, other in-store digital tools
    Tesco is testing digital kiosks from tech provider Cisco in the F&F fashion departments of three UK stores, allowing fans of the brand to browse and buy using a touchscreen. One store has also installed a Kids StyleMe Mirror that lets children virtually try on clothes. "We're mashing up the physical and the virtual, bringing the online in-store, so that the in-store experience is better both as an online experience but also as an in-store experience," said Cisco director Lisa Fretwell. Techworld (U.K.) (23 Jan.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Consumer Electronics 
  • Apple takes aim at Indonesia with new store plan
    Apple will invest between $2 million and $3 million to make its retail debut in Indonesia, launching online sales there and following up with its first store in the capital of Jakarta. Apple launched an online store in Indonesia in 2008, but closed it amid "shipping irregularities" two years later and has only sold its products through licensed dealers since then. ZDNet (22 Jan.) LinkedInFacebookTwitterEmail this Story
  • Kobo recruits former Apple executive
    Kobo has named former Apple sales director Jean-Marc Dupuis as its new executive director, as part of a plan to boost growth in Europe, the Middle East and Africa. The company says it has customers in 190 countries and commands 20% of the global e-reader market. Fast Company online (23 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Understanding Amazon: Three steps to restore marketplace balance
    While Amazon does not intend to be the online leader in low prices, the result of their price matching strategy is amplification of the lowest price in the online marketplace. In a new white paper posted in the Shop.org library, Channel IQ identifies three ways retailers and manufacturers can effectively monitor, manage and respond to reduce price disruption and stay competitive online. Download the white paper. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
All news is an exaggeration of life."
--Daniel Schorr,
American journalist


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