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11 March 2013
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Global retail industry news

  Global Industry Watch 
  • Lobsters leads growing demand for Canadian seafood
    Canada's seafood industry exports hit $4.1 billion in 2012, $41 million more than the previous year, with lobster proving the most lucrative, according to the federal Fisheries Department. The U.S. topped the list of more than 100 countries that imported Canadian seafood, and China and Europe were major markets. Canada.com (10 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • WH Smith adds CDs, DVDs at some stores
    UK stationery retailer WH Smith has added CDs and DVDs back into the inventory mix at a handful of stores and will reportedly consider expanding the stock of music and movies to more locations in the wake of the closure of HMV stores. CEO Kate Swann significantly decreased the amount of space dedicated to music and movies several years ago, citing lower profit margins and growing online competition. The Telegraph (London) (tiered subscription model) (09 Mar.) LinkedInFacebookTwitterEmail this Story
  • American Golf expands amid record sales
    UK-based specialty retailer American Golf booked a record £133 million in sales last year, driven by Europe's Ryder Cup win and the popularity of British golfers Rory McIlroy and Luke Donald. The chain, owned by private equity firm Sun Capital Partners, now plans to open 30 new stores and add 250 employees in the next three years. The Telegraph (London) (tiered subscription model) (10 Mar.) LinkedInFacebookTwitterEmail this Story
  • Fashion spurs higher sales at John Lewis
    Designer collaborations, private-label fashion lines and the addition of stylish new brands helped department store chain John Lewis boost its apparel sales 9% to more than £1.1 billion last year. "In the first few years we were getting the core range right, but last year we got a bit more feisty and fun," said buying and brand director Peter Ruis. The Guardian (London) (09 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Other News
  E-commerce Spotlight 
  • Alibaba promotes EVP to CEO post
    Chinese online retailer Alibaba has named executive vice president and 13-year veteran Lu Zhaoxi to succeed Jack Ma as chief executive officer, effective May 10. Ma, who started the company in 1999, said in January that he will step down as CEO but stay on as chairman. GlobalPost.com/Agence France-Presse (11 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • The man behind L'Oreal's quest for 1st place
    Global populations are aging, and the middle classes are on the rise in Asia, Brazil and some other developing countries, trends that are spurring the growth of the beauty and skin care industry and L'Oreal, which aims to be the leader in the mass-market beauty category, says executive vice president Jean-Jacques Lebel. "There’s going to be more cosmetics in the likes of Carrefour and Auchan, more skin care in the likes of Wal-Mart. We play with these huge international retailers on an international basis." Women's Wear Daily (subscription required) (08 Mar.) LinkedInFacebookTwitterEmail this Story
  • China kicks off 2013 with slower production growth
    Industrial production growth in China slowed to 9.9% in the first two months of the year, trailing economists' estimates and raising concerns about hitting the 7.5% GDP growth goal set by Premier Li Keqiang. Retail sales growth and lending also slowed, providing additional challenges in the government's push to boost the economy through domestic spending. Bloomberg Businessweek (08 Mar.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Retail executives share what it means to "Go Google"
    In today's fast-paced retail environment, retailers must be quick to learn about the most cost-effective ways to leverage new technologies in order to keep up and meet customers' expectations. In a STORES webinar on 28 March, Google Enterprise's Head of Industry will be joined by executives from Walgreen, Dillard's and Aldo to explain how Google has helped transform their business, including enabling stores to collaborate seamlessly and creating a knowledgeable workforce by using the cloud. Learn more and register. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The greatest way to live with honor in this world is to be what we pretend to be."
--Socrates,
Greek philosopher


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