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08 March 2013
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Global retail industry news

  Global Industry Watch 
  • Why are retail prices higher in Canada?
    Canadian consumers often blame retailers for the fact that prices are higher than in the US, despite the fact that the countries' currencies are fairly even these days, but the real reason for higher prices lies with the Bank of Canada, writes economist Mike Moffatt. The bank's practice of holding fast to a 2% inflation rate keeps prices higher, but it also keeps interest rates lower, which leads to greater investment and higher real wages, he writes. The Globe and Mail (Toronto) (tiered subscription model) (06 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Mothercare makes a movie for mums
    UK retailer Mothercare will debut a user-generated Mother's Day movie on Facebook, created by director Susie Donaldson using photos and videos submitted by customers and fans of the brand. The debut comes in conjunction with Mother's Day, which is celebrated March 10 in the UK. (U.K.) (08 Mar.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Asia 
  • Adidas wins in China with wider selection
    Adidas booked a 12% sales increase in China in the fourth quarter, as rivals Nike and Li Ning struggled to boost sales and market share. The German-based brand is winning over Chinese consumers with a growing array of sportswear, casual clothing and high-end fashions. The Wall Street Journal (07 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Report: Canadians boosted online shopping in 2012
    Canadian consumers viewed more Web pages last year than people in any other developed country, and boosted spending on online purchases by 9.9% compared with 2011, according to comScore. Visits to retail sites rose 9.2% in Canada in the fourth quarter of last year, with Amazon and Apple the most-visited retail sites. Internet Retailer (07 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • H&M debuts premium & Other Stories brand
    H&M opens its & Other Stories store in London this week, featuring premium fashion lines that fall in between the brand's regular fast-fashion stores and its high-end COS brand. The new brand is influenced by fashion bloggers, social media and the concept of savvy shoppers who put their own looks together from a variety of sources. The Guardian (London) (08 Mar.) LinkedInFacebookTwitterEmail this Story
  • Diesel's Rosso: From farmer's son to billionaire
    Diesel founder Renzo Rosso began making jeans at 15, after he enrolled in a textile manufacturing course at Padua's Istituto Marconi because he had heard it was easy. Rosso, who debuted this year on the list of the world's billionaires, co-founded Diesel at 23, and today owns 100% of the company along with a growing group of high-end fashion houses, such as Paris-based Maison Martin Margiela, Amsterdam-based Viktor & Rolf and Milan-based Marni. Forbes (25 Mar.) LinkedInFacebookTwitterEmail this Story
  • Topshop takes digital path to global expansion
    Digital is key to Topshop's global expansion plans, as evidenced by the recent "The Future of the Fashion Show," in which the UK-based fashion retailer partnered with Google to offer fans around the world a virtual front-row seat at London Fashion Week. "People already have an affection for Topshop, celebrities wear it, and in the U.K. they're making really good money. All we need to do is scale that behavior, because it's not a global brand by proxy of the fact that we don't have the stores," Topshop Marketing Chief Justin Cooke said. Advertising Age (tiered subscription model) (06 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Maximize your career through NRF's LinkedIn group
    More than 15,000 retail professionals have joined NRF's LinkedIn group to network with peers, post discussions, find solution providers and connect with retail recruiters. If you're on LinkedIn, join the NRF group to catapult your connections to a new level. View the group. LinkedInFacebookTwitterEmail this Story
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--George Weinberg,
American psychologist, writer and activist

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