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15 November 2012
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Global retail industry news

  Global Industry Watch 
 
  • Major shareholder aims to shake up Rona's board
    Long-time Rona shareholder Invesco Canada wants to oust the home-improvement chain's board of directors amid weak financial results. Invesco, which controls more than 10% of Rona's stock, supported an informal $1.8 billion buyout offer by US rival Lowe's last summer, which Rona's board declined. The Globe and Mail (Toronto) (tiered subscription model) (15 Nov.) LinkedInFacebookTwitterEmail this Story
  • Specialty pet food store plans Calgary expansion
    Canadian organic and natural pet food retailer Global Pet Food Stores has launched an aggressive expansion plan in Calgary and other parts of Western Canada. The retailer opened its first Calgary store two years ago and has since grown to four and will add up to six more in the next 18 months, said President Jim Walker. Calgary Herald (Alberta) (13 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
  • Coach embarks on European growth path
    Coach has opened its first UK shop-in-shop, in Harrods, and plans to roll out the concept across the continent under new Coach Europe president Nigel Darwin. “It’s a 10-year vision, and our ambition is that Europe -- all of Europe -- becomes a significant part of the overall Coach business." Women's Wear Daily (subscription required) (14 Nov.) LinkedInFacebookTwitterEmail this Story
  • Selfridges takes bigger leap into men's shoes
    Luxury London department store Selfridges has unveiled an expanded men's shoe department that it's calling the world's largest, with 250 brands and 72,000 pairs. The 15,000-square-foot footwear space is part of a larger renovation of the entire menswear floor. The Retail Bulletin (14 Nov.) LinkedInFacebookTwitterEmail this Story
  • UK retail sales fell in October
    Declines in demand for food and clothing drove a higher-than-expected 0.8% decline in UK retail sales last month. Consumers grew more cautious about spending, and inflation rose 2.7%, sparking concerns about the possibility of a triple-dip recession. The Guardian (London) (15 Nov.), Bloomberg (15 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Signs show Asia may be on the rebound
    The third quarter may have marked the low point for economic growth in some key Asian markets, experts say, setting the stage for a rebound in the coming months. "Stimulus measures are starting to boost Chinese demand and the recovery slowly coming into fruition in the U.S. means 2013 will be a better year for most of the region," said Moody's economist Glenn Levine. Bloomberg Businessweek (15 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Latin America 
  • Forever 21 maps expansion path in Latin America
    Los Angeles-based apparel retailer Forever 21 has one store in Bogota, Colombia, and expects to open seven more shops in the country, part of a larger push to grow in Latin America that also includes new markets such as Brazil and Costa Rica. Founder and CEO Don Chang will join L.A. Mayor Antonio Villaraigosa on a trade mission to Latin America later this month. Los Angeles Times (tiered subscription model) (14 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • French officials take up online tax talks
    The French government is considering how best to close loopholes that allow web-based companies to avoid paying taxes by locating their headquarters in European countries with lower taxes. Officials are making plans based on a recent report on value-added sales tax from cross-border online sales. The Hartford Courant (Conn.)/Reuters (14 Nov.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Consumer Electronics 
  • Carphone Warehouse may buy out partner Best Buy
    Carphone Warehouse is considering a plan to buy out Best Buy's half of the companies' European joint venture, a business that includes all of Carphone Warehouse's stores in the UK and Europe, said CEO Roger Taylor. Stronger smartphone sales drove an unexpected 1.6% increase in the chain's same-store sales in the first half of the year. The Telegraph (London) (tiered subscription model) (14 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • US retail container imports to rise 5.9% in November
    America's primary retail container ports are expected to see an increase in traffic this month despite temporary closure of some East Coast ports by Superstorm Sandy. According to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates, major US retail container ports should increase nearly 6% in November, adding to the rise in combined cargo volume of 5.8% in August, September and October. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Keep your fears to yourself but share your courage with others."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist


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