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15 March 2013
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Global retail industry news

  Global Industry Watch 
  • Costco maps Asia-Pacific growth plan
    Costco has seen success with its three Australian stores, booking about $10 million in profits last year, and plans to open more in the country and region, executives said this week. The warehouse chain will open its second Melbourne store later this year, one of seven slated to open in the Asia-Pacific region in 2013. (Australia) (14 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • French agency to investigate Casino-Monoprix deal
    The French Competition Authority will launch a review of Casino's plan to acquire the other half of French retail chain Monoprix, saying the deal could reduce competition in areas where both retailers have stores. Casino, which already owns 50% of the 400-store French company, agreed last year to pay $1.5 billion for the other 50%, in a deal slated to close later this year. Reuters (13 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Bosideng looks to get bigger abroad
    Chinese apparel retailer Bosideng says its first foreign store in London is starting to gain traction with its high-end fashion. And, while it won't turn a profit there in the near term, the chain is looking for more international opportunities, said Wayne Zhu, chief of the brand's British arm. "The next potential is New York. The New York office is actively looking for property ... potentially Fifth Avenue," he said. The Globe and Mail (Toronto) (tiered subscription model) (14 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Tax cuts, subsidies help boost Brazil's retail sales
    Brazil's retail sales rose 0.6% in January, after a 0.4% decline the month before, according to statistics agency IBGE. The month also saw stronger growth for Brazil's manufacturers, signaling that tax cuts and government-subsidized lending launched this year are helping fuel economic recovery. Reuters (14 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Culture comes into play as S. Africa's e-commerce grows
    Online retailers looking to expand as South Africa's e-commerce scene grows need to take both language and the region's cultural past into account, writes TransPerfect co-founder Liz Elting. South Africa has 11 different official languages and a tumultuous past that includes a history of apartheid that only ended in the 1990s. B2C Marketing Insider (13 Mar.) LinkedInFacebookTwitterEmail this Story
  • Australia's regulators warn Groupon after spam complaints
    The Australian Communications and Media Authority issued a formal warning to daily deal provider Groupon after numerous consumer complaints that the company automatically subscribed them to all of its e-mail newsletters when they provided their e-mail addresses and then made it difficult to unsubscribe. The authority later said it was satisfied that Groupon had responded to the warning and taken steps to fix the problem. The Sydney Morning Herald (Australia) (14 Mar.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  • Disney, Target test digital wall in Australia
    Disney has created an interactive virtual shopping wall in partnership with the Target discount retail chain. The wall, which will be tested at a Sydney cinema during a showing of "Cinderella," will allow children and parents to use their smartphones to scan QR codes and purchase Disney Princess Store merchandise. Inside Retailing Online (15 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Investors drawn to new designer labels
    Promising designers looking to strike out on their own are finding it easier to find financing from private investors and large conglomerates eager to invest in innovative niche brands with the potential to appeal to global consumers, say brands and investment bankers. "At an early stage, what the investor is buying is the brand's growth potential and its notoriety, as it will take several years before it makes a profit as start-up costs are huge," one banker said. The Baltimore Sun (13 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Joining the retail technology dots to become the "connected store"
    To fully roll out connected store capabilities across a large network, retailers must have the right infrastructure, technology, processes and people. As Jim Okamura explains in an interview on the blog, four types of connected store concepts are slowly becoming more commonplace around the world as well as add a tremendous advantage to enhancing the in-store customer experience. Read more. LinkedInFacebookTwitterEmail this Story
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