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22 January 2013
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Global retail industry news

  Global Industry Watch 
  • Wal-Mart makes "zero tolerance policy" for suppliers
    Wal-Mart will cut ties with any global supplier that it finds has subcontracted work to other factories without the company's knowledge, under a new policy that takes effect March 1. The policy was formulated after apparel bound for the retailer was found in a burned-out Bangladesh factory where a fire killed 112 workers. The Wall Street Journal (21 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • HMV reverses course on gift cards, vouchers
    Music and video retailer HMV will begin accepting its branded gift cards and vouchers, reversing its decision to declare the cards worthless after the chain went into administration on Jan. 15. The earlier announcement angered customers holding the cards, which the chain sold throughout the holiday season. The Guardian (London) (21 Jan.) LinkedInFacebookTwitterEmail this Story
  • UK retail expert on the future of Britain's high streets
    Designer and retail expert Wayne Hemingway says the social nature of the human race led to the development of high streets as shopping and gathering places. Today, as online retail drives industry sea changes, entrepreneurial business owners will come up with new concepts to keep high streets alive, he says in this video. The Guardian (London) (21 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • IKEA wins board approval for India plan
    India's Foreign investment Promotion Board has approved IKEA's plan to open up to 25 wholly owned stores across the country in the next 15 or 20 years, a nod that's likely to sway the Cabinet and win the retailer the final approval it needs to move forward. "This will create confidence among global investors that India has a positive environment for investors," said Trade Minister Anand Sharma. The Wall Street Journal (21 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Brazil's Reserva puts thieves in commercial
    Brazilian fashion brand Reserva has created an online commercial using CCTV footage of thieves doing a smash-and-grab at the store last month. The spot, made to advertise the shop's January sales, starts with the line "It's not necessary to break the window. Just come in!" The Guardian (London) (21 Jan.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • EBay sets global sights on Russia, China
    EBay launched its online marketplace in India in 2005 and now boasts 4 million registered users and 30,000 sellers there. Now the company is working aggressively to open China and Russia to international sellers, said global communications director Steve Milton. EcommerceBytes (21 Jan.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Portuguese retail mogul finds success in Poland
    Eurocash was a money-losing Polish grocery business in 2003, when Luis Amaral paid $30 million to buy it. Today, the Warsaw-based wholesale food and alcohol seller is valued at about $910 million, making about half its revenue from sales to independent neighborhood grocery stores. Bloomberg Businessweek (21 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • How Coca-Cola creates shared value with retailers
    In a keynote session at Retail's BIG Show in New York, executives from The Coca-Cola Company, HSN, and Walgreens explained how their partnerships go beyond just generating sales. It’s about being generous, HSNi CEO Mindy Grossman said: give something to your customers aside from what you’re selling them, even if just a smile. Read more. LinkedInFacebookTwitterEmail this Story
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