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08 November 2012
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Global retail industry news

  Global Industry Watch 
  • Sears Canada crafts campaign to cure "image issue"
    Sears Canada is on a mission to recreate its brand image from old and dull to fresh and relevant, CEO Calvin McDonald said Wednesday as he unveiled the retailer's rebranding campaign and the tagline "Make Every Day a Great Day." "Sears needs to recreate an image and redefine what we stand for -- why customers should come to Sears -- why we matter.” The Globe and Mail (Toronto) (tiered subscription model) (07 Nov.), The Toronto Star (07 Nov.) LinkedInFacebookTwitterEmail this Story
  • Grupo M finds win-win solutions in Haiti
    Dominican Republic-based textile manufacturer Grupo M has brought jobs and hope to neighboring Haiti. The company has used US incentives designed to help the country rebuild its production base to build on existing manufacturing facilities there and is counting on initiatives including a collaboration with Los Angeles-based Blue River Denim to further boost sales. Women's Wear Daily (subscription required) (07 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Swedish retailer brings Americana to the US
    The Lexington Company may be based in Stockholm, but the goods it sells are strictly Americana. The 15-year-old retailer, which just opened its second US store, sells New England-inspired apparel and home goods made mostly in shades of red, white and blue. The Wall Street Journal (07 Nov.) LinkedInFacebookTwitterEmail this Story
  • Will high street retailers have a happy holiday?
    Holiday shopping season has kicked off on high streets across the UK, but this year brings a new round of concerns about how the country's brick-and-mortar merchants will fare as online shopping continues to grow. Online shopping grew from about 3% of all UK retail sales in 2005 to 13.5% in 2010, and e-commerce is forecast to comprise 23% of sales by 2016. The Telegraph (London) (tiered subscription model) (07 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  E-commerce Spotlight 
  • Canadian flash-sale site proves popular in US
    Half of Montreal-based Beyond the Rack's customers come from outside the country, the vast majority of them US fashion fans who may not know, or care, that the 3-year-old company is based north of the border. The growing US revenue is worth the extra time and paperwork involved in cross-border shipping, says CEO Yona Shtern. The Globe and Mail (Toronto) (tiered subscription model) (07 Nov.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Consumer Electronics 
  • Dixons delays holiday hiring to help Comet workers
    Dixons has put off recruiting for the 2,000 holiday jobs at its PC World and Currys stores for a week to give workers at Comet stores a chance to apply, said CEO Sebastian James. Comet's 7,000 workers face unemployment now that the struggling retailer has entered administration. "We are hoping we can get as many of the staff at Comet on board for Christmas — and hopefully beyond,” James said. The Telegraph (London) (tiered subscription model) (07 Nov.) LinkedInFacebookTwitterEmail this Story
  • Study foresees strong growth in connected-TV shipments
    Shipments of Internet-connected televisions will rise from 212 million this year to 596 million by 2017, Digital TV Research predicts. The market-research firm estimates that connected TVs will represent more than 20% of the worldwide market in five years, compared with 8.9% this year. Rapid TV News (U.K.) (07 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • 15 ways apparel, footwear retailers can avoid unwanted markdowns
    Emerging technologies have helped to propel markdown optimization to the top of to-do list. But for many fashion retailers, its value can be outweighed by the complexity and cost of implementation. In a STORES webinar on airing today, executives from Jesta I.S. and the Redwell Group will explain how retailers can unite analytics and business intelligence tactics to improve forecasting methods and rebalance inventory levels among nearby stores. In addition, attendees will receive a free document that shares more than a dozen bonus ideas. Learn more or register. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Leave other people's mistakes where they lie."
--Marcus Aurelius,
Roman emperor


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