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16 November 2012
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Global retail industry news

  Global Industry Watch 
  • Hockey lockout hurts sweater, beer sales in Canada
    The National Hockey League's ongoing lockout is taking a toll on some Canadian retailers, who are reporting slower sales of sweaters, collectibles and beer. "We’re probably off a good 30% or 40% on what we would normally sell in hockey apparel," said Bob Reaume, owner of Bob Reaume Sports in Windsor, Ontario. CBC.ca (Canada) (15 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • UK retailers speak out against new crockery tax
    The British Retail Consortium criticized the European Union's new tax on crockery and cookware imported from China, saying the sudden new duties will drive prices higher for already cash-strapped UK consumers. Importers were given just 24 hours notice of the new provisional duties, which were the result of a nine-month investigation into claims China was selling the goods in Europe at artificially low prices. The Guardian (London) (15 Nov.) LinkedInFacebookTwitterEmail this Story
  • Retail chiefs say foreign players need to pay UK taxes
    The chief executives of Dixons Retail and John Lewis warned this week that UK retailers run the risk of falling far behind if Britain's government doesn't start requiring foreign companies including Amazon to start paying taxes on profits generated in the UK. The Telegraph (London) (tiered subscription model) (15 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Wal-Mart shifts into growth mode in Japan
    Japan's uncertain economy is driving growth at discount stores including Wal-Mart's Seiyu, which is expanding for the first time since 2008. The retailer's everyday low-price message is resonating with cash-strapped consumers looking to stretch their budgets, analysts say. Bloomberg Businessweek (15 Nov.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Mexico's Grupo Coppel and how it grew
    Mexico-based Grupo Coppel has grown from a single Mazatlan gift shop started in the 1930s by Enrique Coppel Tamayo to a 1,000-store chain run by his five sons which has grown and thrived by extending credit to lower-income residents. The company generates about $4.6 billion in annual sales. Bloomberg Businessweek (15 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Australians set to boost online holiday spending
    Australian consumers are on track to spend 34.4% more shopping online this holiday season than last, driven in part by a strong Australian dollar that goes further at international e-commerce sites, according to IBISWorld. "This year we'll spend almost the same amount online as we will on toys, games and video games -- all significant categories in traditional Christmas spending," said general manager Karen Dobie. The Age (Melbourne, Australia) (16 Nov.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  • EBay debuts pop-up shop in Toronto
    EBay has created a 24-hour pop-up shop in Toronto this holiday season, where shoppers can browse a curated selection of products and use their smartphones to scan the QR codes of the items they want to buy. The collection contains new merchandise from sellers ranging from individuals to large retailers including Toys R Us. The Toronto Star (15 Nov.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Wealthy in China, Russia drive higher fur sales
    The global market for fur is on track to reach a record $15 billion this year, up from $9.1 billion 12 years ago, according to the International Fur Trade Federation, and some designers have reversed course on taboos and put fur back in their collections. A passion for fur among newly wealthier consumers in China and Russia is driving the demand, the federation says. The Telegraph (London) (tiered subscription model) (16 Nov.) LinkedInFacebookTwitterEmail this Story
  • Abercrombie sees sales gains with tighter inventory controls
    Abercrombie & Fitch's efforts to match inventories to demand and avoid deep discounting paid off in the third quarter, with an unexpected 9% rise in third-quarter sales. Strong sales in some global markets including Scandinavia and China helped spur a 37% rise in international sales in the quarter. Fox Business/Reuters (14 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Leveraging the tablet: Best practices for consumer and in-store use
    For multichannel retailers, tablets aren't just part of the mobile category, they're an in-store sales tool as well. At Shop.org's Annual Summit in September, e-commerce executives from Refinery 29 and Luxottica Retail explained how to create a memorable yet refined experience for "lean-back" shoppers, and why retailers should take a crawl, walk then run approach for effective use of tablets in-store. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
One thing I am convinced more and more is true and that is this: The only way to be truly happy is to make others happy. When you realize that and take advantage of the fact, everything is made perfect."
--William Carlos Williams,
American poet and physician


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