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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
  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
  Retail in Asia 
  • Other News
  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
  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
  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. Wall Street Journal (India) (19 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
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