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20 March 2013
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Global retail industry news

  Global Industry Watch 
 
  • New Rona CEO faces challenging times
    Robert Sawyer will leave his COO post at Metro to take the reins at Rona next month, assuming the CEO job just as the home-improvement chain is facing a slowing housing market and struggling to streamline its operations after years of small acquisitions. Last year, the Quebec-based chain rejected a $1.8 billion buyout offer from US rival Lowe's. The Globe and Mail (Toronto) (tiered subscription model) (19 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
  • Boots, Walgreen team with drug distributor
    Alliance Boots and Walgreen have partnered with drug distributor AmerisourceBergen on a 10-year deal to distribute and sell prescription drugs. The deal will give the players a much stronger stance when it comes to negotiating for lower prices from drug companies, and it's expected to help both retail chains expand in Europe, Asia and Africa, analysts say. The Wall Street Journal (20 Mar.) LinkedInFacebookTwitterEmail this Story
  • Visa Europe may be sold to Visa US
    The European banks that own Visa Europe are reportedly considering exercising a clause that requires US-based Visa Inc. to buy the credit-card business, and then setting up a competing payment service. Such a deal would strengthen Visa's position against rival MasterCard, especially in fast-growing economies like Turkey and Poland, but it would also bring new risks as regulators consider capping swipe fees, analysts say. The Wall Street Journal (19 Mar.) LinkedInFacebookTwitterEmail this Story
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Retail in Asia 
 
  • Other News
A Retailer's Guide to 'Demand-Driven' (+Gartner Research)
Consumers today have access to endless input and decide in moments. Discover how the demand-driven supply chain responds quickly to changing consumer preferences and supports demand shaping, while pre-emptively positioning inventory. This has far-reaching impacts on the enterprise and supplier community, not to mention the top and bottom line.

  Retail in Latin America 
 
  • Wendy's signs franchisee for Ecuador
    Wendy's has sealed a deal with business group Eljuri Group to open 20 restaurants in Ecuador, with the first two slated to open in Guayaquil this year. "This is an important step in our continued momentum in the Latin America and Caribbean region, where we have a growing presence of franchise restaurants in 17 countries and U.S. territories," said Darrell van Ligten, Wendy's president of international. The Wall Street Journal (19 Mar.) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  E-commerce Spotlight 
 
  • Alibaba sees giant leap in m-commerce
    China's Alibaba Group saw mobile commerce at Tmall and Taobao soar 600% last year compared to 2011, as more Chinese consumers used smartphones and tablets to shop. In 2012, the sites sold 220,000 items per hour through mobile transactions, the company said. Internet Retailer (19 Mar.) LinkedInFacebookTwitterEmail this Story
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  Spotlight on Luxury Goods 
  • Hermes and India's growing luxury market
    Hermes began establishing its presence in India five years ago with a hotel store in Delhi, and now operates two stores in India through a joint venture with partners Ashok and Neelam Khanna. The partnership will continue for the foreseeable future, in spite of new rules that would allow the French company to own its stores, because a 30% in-country sourcing rule isn't feasible, said managing director Luc Hennard, in this interview on the challenges and prospects for building a luxury business in India. LiveMint.com/The Wall Street Journal (India) (19 Mar.) LinkedInFacebookTwitterEmail this Story
 
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