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19 February 2013
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Global retail industry news

  Global Industry Watch 
  • Target to tailor Canada stores to local tastes
    Target already has plenty of fans in Canada who travel to the US to shop at the chain's stores, but it also has plans to cater specifically to Canadians when it opens its first stores north of the border next month. "If we came up to Canada and didn't offer ketchup-flavored potato chips, then we would have looked like we didn't know what we are doing," said Target Canada President Tony Fisher. Star Tribune (Minneapolis-St. Paul, Minn.) (15 Feb.) LinkedInFacebookTwitterEmail this Story
  • Will Africa be the next hot spot for restaurant chains?
    Cinnabon overcame training obstacles, supply chain issues and a revolution to get its first store in Libya opened last year, and parent Focus Brands International is moving forward with plans to expand in Africa to markets including Kenya, Uganda, and Botswana. The chain and others say Africa may be the next hot global market, despite a lack of incentives and stable infrastructure. QSR Magazine (01 Feb.) LinkedInFacebookTwitterEmail this Story
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Retail in Europe 
 
  • Report: Europe's retail rents set to fall
    Retail landlords in Europe will likely need to cut rents in the next few years as tenants continue to cope with weaker spending and sales lost to online rivals, with Spain's property owners facing the biggest risk, according to AXA Real Estate. "For some retail units where profits are, in an economic sense, exceptional, rents will be maintained, but for others, affordable rents could drop close to zero," the report says. Reuters (18 Feb.) LinkedInFacebookTwitterEmail this Story
  • Why UK style mavens favor Zara
    Zara has become the fast-fashion favorite of UK celebrities including the Duchess of Cambridge, and a growing number of high-end closets hold a mix of designer and fast-fashion pieces. The Guardian (London) (15 Feb.) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Retail in Asia 
 
  • Secondhand luxury stores on the rise in China
    Chinese luxury fans are fueling the rise of secondhand shops for high-end designer goods like bags from Bottega Veneta, Prada and Hermes. "We all grew up wearing our big sister's or brother's worn clothes, so if you think that way, the whole concept of buying secondhand goods is kind of green," said English translator and secondhand shopper Cecilia Zhang. China Daily (Beijing) (16 Feb.) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Retail in Latin America 
 
A Retailer's Guide to 'Demand-Driven' (+Gartner Research)
Consumers today have access to endless input and decide in moments. Discover how the demand-driven supply chain responds quickly to changing consumer preferences and supports demand shaping, while pre-emptively positioning inventory. This has far-reaching impacts on the enterprise and supplier community, not to mention the top and bottom line.

  E-commerce Spotlight 
 
The IDC Market Spotlight on Network Automation and Agility
The arrival of virtualization, cloud computing, and mobility has strained data center networks—and IT staff—like never before. This Market Spotlight explains how data center network fabrics provide a foundation for automated provisioning, configuration, and management of network-based services in a new era of IT agility. Download now.

  Technology Solutions 
 
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  Spotlight on Grocery 
  • UK's online grocery sales set to double in 5 years
    Online sales are still only a small sliver of all UK grocery revenue, but they're on track to double to £11.1 billion by 2018, with Tesco leading the way, according to Kantar consultancy. ASDA controls about one-third of the market, and online-only retailer Ocado has 5% of the business. The Guardian (London) (18 Feb.) LinkedInFacebookTwitterEmail this Story
  • Tests for horse meat should be done this week, grocers say
    UK supermarkets expect to wrap most of their tests of prepared meals for horse meat. "Retailers are using every available channel for direct dialogue with their customers, from social and traditional media to answering questions in-store," said British Retail Consortium director general Helen Dickinson. The Guardian (London) (18 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Joining the retail technology dots to become the "connected store"
    To fully roll out connected store capabilities across a large network, retailers must have the right infrastructure, technology, processes and people. As Jim Okamura explains in an interview on the Shop.org blog, four types of connected store concepts are slowly becoming more commonplace around the world as well as add a tremendous advantage to enhancing the in-store customer experience. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Everything that lives, lives not alone, nor for itself."
--William Blake,
British poet and painter


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