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15 January 2013
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Global retail industry news

  Global Industry Watch 
  • Why Target took aim at Canada
    Target's planned move into Canada this year will be the first international move for the US retail chain, which needs to expand outside its home turf to ensure future growth, analysts say. Canada makes sense to start the move into new markets because many Canadian consumers already shop at Target when they visit the US, but there are still challenges, including incorporating French into its Quebec stores, says Target Canada President Tony Fisher. Star Tribune (Minneapolis-St. Paul, Minn.) (13 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Europe 
  • Music retailer HMV names administrator
    UK-based HMV Group entered administration and said Monday it plans to appoint Deloitte as administrator, with the goal of keeping the chain's 230 CD and DVD stores operating until the retailer finds a buyer. The chain has been hurt as more consumers shift to digital music and online shopping, but the country's music industry hopes to see a downsized HMV survive as a high street alternative, said Andy Heath, chair of UK Music. Bloomberg Businessweek (15 Jan.), The Telegraph (London) (tiered subscription model) (15 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • S. Korea moves to limit big stores' hours
    The government in South Korea has put limits on the operating hours of warehouse-style stores in a bid to protect small merchants. The rules, which are already in place in some cities including Seoul and have been the subject of court challenges by retail chains, require the big stores to limit their hours to 10 a.m. to midnight and to close two Sundays per month. Channel NewsAsia/Agence France-Presse (15 Jan.) LinkedInFacebookTwitterEmail this Story
  • China's changing wedding scene
    More than 10 million couples get married in China each year, fueling an $80 billion wedding industry that's a boon to retailers and marketers that understand how today's young adults are combining tradition with modern ways when it comes to everything from the rings to the reception. "They want white metal, mostly platinum, when they are choosing their engagement ring or their diamond ring and that is because [of] the influence of the West," said Tiffany & Co. executive Rebecca Ip. Advertising Age (tiered subscription model) (11 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Mexican operator to take P.F. Chang's to Brazil
    Mexico-based Alsea SAB has won the exclusive rights to develop P.F. Chang's China Bistro in Brazil, and plans to spend about $85 million to open 30 eateries there in the next decade. Alsea, which also operates Starbucks and Domino's Pizza restaurants, opened its first P.F. Chang's in Mexico in 2009 and has the exclusive development rights there as well as Argentina, Chile and Colombia. The Wall Street Journal (14 Jan.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • ASDA shakes up management team as COO moves to Wal-Mart
    ASDA Chief Operating Officer Judith McKenna will move up to the post of executive vice president for strategy and international development at parent Wal-Mart International in April. The move by McKenna, a 17-year veteran who spent a decade as ASDA's CFO, spurred a reorganization of the management team and several other promotions, the company said. The Grocer (U.K.) (11 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Watch Walmart US CEO's keynote live from Retail's BIG Show
    Today's keynote from Retail's BIG Show 2013 featuring Bill Simon, Walmart US president and CEO, will be live-streamed at 8:30 a.m. EST from New York City. Simon will address thousands of retailers about the need for the retail industry's leadership on issues such as the economy and job creation. Keynotes from Sunday and Monday at Retail's BIG Show are already available to watch free on demand. Register to watch for free. LinkedInFacebookTwitterEmail this Story
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  Editor's Note 
  • Up-to-the-minute social coverage of Retail's BIG Show 2013
    Whether you're attending Retail's BIG Show in NYC this week or just eager for the latest updates, check out NRF SmartBrief's Storify live feed, which curates the best and most important social content about the event. LinkedInFacebookTwitterEmail this Story
If you can't write your idea on the back of my calling card, you don't have a clear idea."
--David Belasco,
American theatrical producer, director and playwright

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