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12 March 2013
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Global retail industry news

  Global Industry Watch 
  • A mixed picture for merchants 2 years after the tsunami
    Many of the larger department stores, supermarkets and malls in cities throughout Japan's northeastern region have bounced back two years after an earthquake and tsunami devastated the area, but many smaller merchants in hard-hit areas are still struggling to rebuild. Some worry that plans to rebuild their cities will move homes farther from the center of town, away from traditional retail districts. The Christian Science Monitor (11 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • La Rinascente to acquire Danish department store
    Italy’s La Rinascente will acquire Copenhagen-based department store Illum, and will spend $65.5 million in the next five years to restore the historic Danish store, which attracts some 6.5 million visitors annually. "We will export our know-how to enhance the historical Illum brand. Our plan is to create a collection of luxury stores, not a chain," said CEO Alberto Baldan. Women's Wear Daily (subscription required) (11 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • China copes with rising food costs
    Chinese consumers are paying 6% more for food than they were a year ago, amid tighter beef and pork supplies and an ongoing loss of farmland and labor to urbanization. The trend could threaten the government's push to revitalize economic growth through domestic consumption, experts say. "Accelerating food prices mean less growth in spending on other goods and services in the economy," said economist Carl Weinberg. The New York Times (tiered subscription model)/Reuters (11 Mar.) LinkedInFacebookTwitterEmail this Story
  • Denny's ends S. China franchise deal
    Denny's won't move ahead with a franchise deal with Great China International Group that would have brought 50 new restaurants to Southern China in the next 15 years. The US restaurant chain will seek new partners to develop the China market, said CEO John Miller. The Wall Street Journal (11 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • International e-commerce player FiftyOne may go public
    FiftyOne has reportedly hired Morgan Stanley and Barclays to take the company public in an offering that could happen later this year. The firm works with retailers including Ann Taylor, J.Crew and Neiman Marcus to manage services related to international e-commerce. Reuters (11 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Sainsbury CEO says bill could lead to labor abuses
    Sainsbury CEO Justin King has criticized a proposal that would relax government worker-protection inspections of food production facilities and give food retailers more responsibility for auditing the food supply chain. "We cannot perform the role of the GLA in policing labour abuses right through the entire supply chain and we are aware that without the intelligence received by the GLA a number of supply chain issues would go undiscovered," he wrote. The Guardian (London) (11 Mar.) LinkedInFacebookTwitterEmail this Story
  • Boots debuts healthy meal line
    Boots has rolled out its first Shapers brand prepared evening meals, a line of 27 healthy dinners, at 100 stores in London and at commuter sites in other parts of the UK. The Grocer (U.K.) (11 Mar.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • What will it take to thrive in the global arena?
    In today’s world, there’s really only one option -- go global, or go home. At Retail’s BIG Show in New York City, executives from MANGO, Delhaize Belgium, and Ebeltoft USA recapped a recent study of 92 retailers in 18 countries to explain which companies are exceeding customer expectations around the world and how. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
True merit, like a river, the deeper it is, the less noise it makes."
--Edward Frederick Lindley Wood,
British politician


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