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23 September 2011
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Global retail industry news

  Global Industry Watch 
  • Retailers reveal lists of hot toys for Christmas
    Toys R Us has revealed its list of what it expects to be the hottest toys this holiday season. The list includes Air Swimmers eXtreme from Animal Planet, Cabbage Patch Kids dolls and Let's Rock Elmo. Littlewoods recently released a similar list, which included the Vtech Tablet. Meanwhile, Hamleys expects high-tech gadgets to be in demand. The Independent (London)/Relaxnews (22 Sep.) LinkedInFacebookTwitterEmail this Story
  • Express makes cautious entry into Canada, CEO says
    Express President and CEO Michael Weiss said that the U.S.-based apparel chain carefully considered how it would price its wares in Canada before opening its first store in the country. "We looked at this very carefully," he said. Weiss' comments come as Canadian consumers complain about the prices at other foreign retail chains. Weiss noted that certain market conditions in Canada make it necessary to charge higher prices. Financial Post (Canada) (22 Sep.) LinkedInFacebookTwitterEmail this Story
  • Ikea store in Australia sets up playroom for men
    An Ikea store in suburban Sydney has set up Manland, a temporary playroom for men that features hot dogs, games and televised sports. Manland has drawn laughs, criticisms and interest from around the world. "Ikea is probably the only retailer on the planet that could get away with it," according to retail consultant Joanne Thomas Yaccato, president of the Yaccato Group. "They have the most amazing, quirky, irreverent sense of humour in a corporation." The Toronto Star (23 Sep.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Jeronimo Martins considers entering third country
    Jeronimo Martins, one of the largest retailers in Portugal and the largest discount grocer in Poland, is considering whether to enter another country. "There is a strong will to enter a third market," said Luis Palha, chairman of Jeronimo Martins. "Whether this will happen by the end of the year, it's too early to say." Bloomberg (22 Sep.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Aditya Birla CEO in no hurry to partner with foreign firm
    Thomas Varghese, CEO at Aditya Birla retail, said that he's not in any rush to link up with a foreign partner, although he supports the move to allow foreign direct investment in India's multi-brand retail sector. "No we are not looking at roping in a foreign partner immediately. However, capital is the need of the hour for expansion and domestic funds are not readily available. Funding is going to be crucial for the business," Varghese said. The Hindu Business Line (India) (22 Sep.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • PriceSmart enters South America with store in Colombia
    PriceSmart, a warehouse-style retailer, has outlets in the Caribbean and Central America and is now entering South America with a store in Barranquilla, Colombia. The company is already planning a second store in the country. "Colombia offers them the capacity to potentially double their store footprint," said Greg Garner, an analyst at Singular Research. "It's a tough market, and that's why it's so important for them to get it right." Investor's Business Daily (22 Sep.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Transaction reportedly values Alibaba at $32 billion
    Silver Lake and DST Global are investing up to $1.6 billion in Alibaba Group Holding of China in a deal that values the e-commerce giant at $32 billion, sources said. DST and Silver Lake will purchase Alibaba shares from its employees. Bloomberg (23 Sep.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Prada benefits from Hong Kong listing and trend setting
    Prada, which was listed on the Hong Kong stock exchange earlier this year, has been a fashion trend setter for years. Its efforts have helped the company realize a first-half profit increase of 74% despite economic woes around the world. In this interview, Patrizio Bertelli, chairman and owner of Prada, discusses consumer shopping habits, how the economy is affecting Prada and the firm's future. The Wall Street Journal (tiered subscription model) (23 Sep.) LinkedInFacebookTwitterEmail this Story
  • Italy's Ferragamo launches jewelery collection
    Salvatore Ferragamo, the Italian luxury goods maker, is tapping into economic uncertainty by launch a jewelery collection. The company is catering to wealthy consumers who see precious metals and jewels as a sort of safe investment. "I think this (collection) will be successful, especially among Chinese clients," said CEO Michele Norsa. Reuters (22 Sep.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Which cloud is the right one?
    Cloud computing can lower costs and offers flexible bandwidth, but determining which services are right for your company can be a challenge. In an upcoming ARTS Users' Conference workshop session, attendees will evaluate the full range of cloud capabilities and learn how to select the right services for their needs. The workshop, held Sept. 25 in Orlando, is a precursor to the ARTS Users' Conference and is open to both retailers and solution providers. Learn more. LinkedInFacebookTwitterEmail this Story
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It is absurd to divide people into good and bad. People are either charming or tedious."
--Oscar Wilde,
Irish writer and poet

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