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14 November 2012
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Global retail industry news

  Global Industry Watch 
  • Holt Renfrew shares details on plans for hr2
    Canada's Holt Renfrew has been planning the launch of contemporary chain hr2 for about two years, said vice president Heather Arts, working with vendors to create a concept that best showcases their wares. The 25,000- to 30,000-square-foot stores will be set up according to seasonal themes, brands and daily shipments. Women's Wear Daily (subscription required) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  • Loblaw signs preferred provider deal to boost pharmacy sales
    Loblaw has signed on to become the preferred pharmacy services provider for a network of seven drug plan sponsors representing about 30,000 consumers. The deal with human resources consultancy Towers Watson allows Loblaw to beat other pharmacy chains on price; such contracts are becoming more common as retailers like Loblaw and Costco look to boost their pharmacy business. The Globe and Mail (Toronto) (tiered subscription model) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  • CEO: Sears Canada sees slow turnaround progress
    Sears Canada cut net losses in half in the third quarter, and the retailer is seeing signs that its efforts to boost sales and store traffic after years of declines are working, but at a slower-than-expected pace, CEO Calvin McDonald said Tuesday. The company has cut jobs and prices during the past year, as well as decluttering stores and closing underperforming locations. (Canada) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Bargain Booze names former Waitrose director as CEO
    UK off-license and convenience store chain Bargain Booze has hired former Waitrose convenience director Diana Hunter as its chief executive officer, effective in February. Hunter, whose resume also includes a 13-year stint at Sainsbury's, will oversee expansion at the 670-store chain. The Retail Bulletin (13 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Hong Kong unseats NYC as priciest retail city
    Hong Kong's retail rents have outpaced New York City's to become the highest in the world, according to Cushman & Wakefield. Global luxury fashion brands are fighting for store space in Hong Kong, the report says, in a push to attract the growing number of wealthy shoppers from mainland China. Bloomberg Businessweek (13 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Abu Dhabi fashion fans fall in love with US site
    Style-conscious shoppers in Abu Dhabi have made it the second-biggest city for US-based online fashion retailer Moda Operandi, which lets shoppers buy the latest designer duds days after they've been unveiled on the runway. "In New York we have a mix of customers who spend a lot and a lot of customers who spend maybe $500. But here it is very concentrated on the individuals who are spending a lot," said co-founder Aslaug Magnusdottir. The National (Abu Dhabi, United Arab Emirates) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  • Study: Search ads drive half of UK online holiday sales
    Half of all online Christmas sales in the UK now originate with pay-per-click search ads, according to recent research. To take advantage of the trend this season, Kenshoo's Chris Ward offers tips including creating campaigns that get promotional on Mondays, the busiest shopping day, and optimizing your ads for mobile. (13 Nov.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  • Family-run company controls Selfridges empire
    In addition to its namesake UK luxury department store, The Selfridges Group also owns Brown Thomas in Ireland, De Bijenkorf in the Netherlands, and Holt Renfrew and Ogilvy in Canada. This story tracks the growth of each chain and how they came to be owned by the grandson of the Canadian baker who launched the family's retail efforts. Women's Wear Daily (subscription required) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  • Wealthy US shoppers boost luxury spending
    Spending on high-end apparel rose sharply in the third quarter, along with US consumers' increased confidence about both the overall economy and their own financial circumstances, according to Unity Marketing. “I didn’t expect much movement until after the election so this is a surprisingly positive result, a bigger jump than we were anticipating," said President Pam Danziger. Women's Wear Daily (subscription required) (13 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Mango's winning multinational expansion strategy
    To successfully expand into new markets, retailers need innovative concepts that exceed customer expectations in the global arena. In a keynote at Retail’s BIG Show, 13 to 16 Jan. in New York, Mango’s SVP of Business Development Jose Gomez will share lessons learned in the Spanish apparel retailer’s path to multinational growth, which has resulted in the opening of thousands of stores across 107 countries worldwide. Learn more. LinkedInFacebookTwitterEmail this Story
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American author and journalist

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