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08 June 2012
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Global retail industry news

  Global Industry Watch 
  • Woolworths eyes Africa growth as incomes rise
    South Africa-based Woolworths Holdings has designs on the rest of the continent, which currently accounts for about 3% of the retailer's business, CEO Ian Moir said this week. The company expects to increase sales throughout Africa during the next decade, as more consumers enter the middle class. Bloomberg Businessweek (07 Jun.) LinkedInFacebookTwitterEmail this Story
  • Lululemon takes a longer-term approach
    Canada's Lululemon aims to expand the reach of its brand, building on success in women's yoga wear with new lines for runners and men, and the retailer has ramped up its focus on new product development. The shift led the company to forecast lower-than-expected sales and profit growth for the balance of 2012. Bloomberg Businessweek (07 Jun.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Marks & Spencer to enter the banking business
    Marks & Spencer is set to open its first bank branch, inside the retailer's London flagship in Marble Arch, with plans to eventually open branches in 50 stores, the company said. The branches will offer extended hours and basic banking services that will eventually include home loans. The Telegraph (London) (07 Jun.) LinkedInFacebookTwitterEmail this Story
  • American Greetings to acquire Clinton Cards
    US greeting card supplier American Greetings will acquire Clinton Cards, a struggling UK retailer forced into administration last month when the US supplier bought £36 million of the retailer's loans and called them due. The deal is expected to save nearly 400 stores and 4,500 jobs. The Telegraph (London) (07 Jun.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  E-commerce Spotlight 
  • EBay sees bright spot in Europe
    E-commerce is growing in Europe, even amid an economic crisis, as belt-tightening consumers increasingly go online in search of better deals, eBay CEO John Donahoe said. Internet Retailer (05 Jun.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Affluence, upscale mall draw J.Crew to Edmonton
    US apparel chain J.Crew's CEO Mickey Drexler picked West Edmonton Mall as the site of the retailer's third Canada store after a visit to the center, which includes an artificial beach. "And Edmonton, we knew had an affluent community that liked clothes," said Drexler on the eve of the store's Thursday opening. The Edmonton Journal (Alberta) (06 Jun.) LinkedInFacebookTwitterEmail this Story
  • Hugo Boss debuts redesigned store format
    Hugo Boss opened a redesigned Paris flagship this week that will serve as a model for the designer brand's new stores worldwide. "Before, we had a much stronger separation and differentiation by brand. Today, we have one concept," said CEO Claus-Dietrich Lahrs. Women's Wear Daily (subscription required) (07 Jun.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • How BJ’s Wholesale Club upped the ante on video surveillance
    As organized retail criminals get more sophisticated, so should retailers' technology to monitor and protect their assets. In a June 14 STORES webinar, BJ's Vice President of Asset Projection Carlos Delgado will explain the benefits and processes involved when selecting the right IP video surveillance system to maximize return on investment, and share the results of what that decision meant to his company. Learn more or register. LinkedInFacebookTwitterEmail this Story
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For disappearing acts, it's hard to beat what happens to the eight hours supposedly left after eight of sleep and eight of work."
--Doug Larson,
American newspaper columnist

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