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02 November 2012
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Global retail industry news

  Global Industry Watch 
  • Hudson's Bay set to raise $41 million in IPO
    Hudson's Bay Co., which owns Lord & Taylor and The Bay department stores in the US, is set to sell 18.6 million to 21.6 million shares in its initial public offering in Canada. The Toronto-based company was founded as a fur trading enterprise in 1670 and hopes to raise $41 million in the IPO. Bloomberg (01 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Analysts and investors praise Plassat's moves at Carrefour
    Six months into his job as CEO of Carrefour SA, Georges Plassat is winning praise from analysts and investors. He has sold Carrefour's Malaysian unit and will be exiting Singapore and Greece in an effort to revive the company. "So far, he has done the right things. But it's of course, early times. A lot of things are still missing, a lot of details about how he wants to improve Carrefour, especially about numbers and how quickly he can improve margins," said Jyske Bank analyst Robert Jakobsen. Bloomberg (01 Nov.) LinkedInFacebookTwitterEmail this Story
  • Comet to enter administration next week
    UK consumer electronics retailer Comet is scheduled to enter administration next week, the latest and most high-profile UK retailer to do so since the economic downturn hit. Comet operates 240 stores and employs about 6,000 people. The Telegraph (London) (tiered subscription model) (01 Nov.) LinkedInFacebookTwitterEmail this Story
  • Tesco debuts new Christmas ad with Furby and Lionel Richie
    Tesco is releasing its first ad for the holiday season featuring a shopper who picks up a Furby while Lionel Richie sings "Hello." The ad features the retailer's Christmas Clubcard Exchange program that doubles Clubcard points for food and non-food purchases. Tesco produced its new campaign with agency Wieden + Kennedy. The Grocer (U.K.) (01 Nov.) LinkedInFacebookTwitterEmail this Story
  • Move away from the high street pays off for Restaurant Group
    The operator of 410 UK restaurants under the Chiquito and Frankie & Benny brands saw same-store sales rise 3.5% in the first nine months of the year. The Restaurant Group, which aims to double in size in the next 10 to 15 years, attributes the growth to shifts begun seven years ago to move away from high streets in favor of out-of-town retail parks and airports. The Telegraph (London) (tiered subscription model) (01 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Manufacturing in China ticks up in October
    China's manufacturing sector grew for the first time in three months in October, spurring hopes that the country's economy may be gaining steam after several months of slow growth. Policymakers' moves to boost the economy with spending on infrastructure and monetary easing are starting to pay off, analysts said. BBC (01 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • M&S reaps rewards as more core customers shop online
    Marks & Spencer's e-commerce operations turned profitable in the last fiscal year as more affluent women in the 55-to-65 age group increased their online shopping, the company said this week. The retailer is investing in its website and building a dedicated e-commerce fulfillment center, and it forecasts online sales of about 1 billion pounds by 2014. Bloomberg (01 Nov.) LinkedInFacebookTwitterEmail this Story
  • Rakuten debuts new e-reader to fend off rivals
    Japan's Rakuten has released a new version of its Kobo e-reader and cut prices on others amid growing competition from Amazon and Sony at home. “We are launching new devices and they are evolving, so we want to offer a more affordable price,” said President Hiroshi Mikitani. Bloomberg (01 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Fashion 
  • Fast Retailing debuts new store concept in Tokyo
    Japan's Fast Retailing has opened its first Uniqlo Marché store, a 28,000-square-foot two-story space inside Tokyo's Printemps Ginza department store. The new store concept is designed to show off several of Fast's brands including Comptoir des Cotonnniers, Theory offshoot PLST, G.U., and lingerie line Princesse Tam Tam. Women's Wear Daily (subscription required) (01 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • China: How to succeed in the world’s largest online marketplace
    Some forecasts are projecting as much as $420 billion in total online sales in China by 2015. But in order to be successful in this young market, retailers must have a great understanding of the country's culture, distribution, and product needs first. In a members-only webinar on 7 November, The Luxury Club Executive Vice Chairwoman Angela Kapp will explain how online consumer behavior differs from North America and Europe and discuss lessons learned from global companies that have thrived so far. Learn more or register. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Thinking is the enemy of creativity. It's self-conscious, and anything self-conscious is lousy. You can't try to do things. You simply must do things."
--Ray Bradbury,
American writer


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