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04 March 2013
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Global retail industry news

  Global Industry Watch 
  • Dixy to double store count to 3,000 by 2015
    Russian food retailer Dixy will invest about $1.6 billion during the next three years to double its store count to 3,000, with an initial focus on smaller neighborhood markets. Retail food sales in Russia rose 9% last year and are on track to grow about 7% annually through 2016, according to Sberbank Investment Research. Bloomberg Businessweek (04 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Other News
  Retail in Asia 
  E-commerce Spotlight 
  • Tesco to launch e-book, music sites
    Tesco has hired former executives from Facebook and EMI to launch e-book and music e-commerce sites to operate alongside Blinkbox, the movie site the retailer acquired in 2011 in an effort to compete with Amazon. "I don’t think you compete head on against Amazon. I think you compete around Amazon and leverage the strengths you have," said Blinkbox founder and CEO Michael Comish. The Telegraph (London) (tiered subscription model) (04 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Russia to boost border trade with China
    Russia's acceptance into the World Trade Organization last year brings lower tariffs and bigger business for factories and food producers in China. "The mentality and attitudes of Russian businessmen are changing after the accession to the WTO and trade areas are expanding. Chinese exports, occupying the middle- and low-end of Russia markets with price advantages will expand," said Zou Jifeng, deputy mayor of Manzhouli. China Daily (Beijing) (04 Mar.) LinkedInFacebookTwitterEmail this Story
  • New Balance: Lost tariffs may put an end to U.S. manufacturing
    Trade deals that could result in a loss of tariffs on shoes made outside the U.S. pose a threat to domestic manufacturing at Boston-based New Balance, the only athletic shoe maker that still makes some of its goods in America, says CEO Robert DeMartini. Rivals including Nike oppose the tariffs, saying dropping the duties would help companies lower costs and realize savings that could be reinvested in innovation and create higher-paying U.S. jobs. The Wall Street Journal (27 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Are your customers "in sync" with your experience?
    In order to improve the customer experience, retailers must be clear on what they stand for, who their customers are, the problems they are trying to solve, and what customer-facing strategies differentiate them from the competition. A new white paper in the library showcases L.E.K. Consulting’s Customer Excellence concept, explaining how retailers can keep business models sustainable and flexible now and in the future. Download the white paper. LinkedInFacebookTwitterEmail this Story
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