Canada's retailers place blame for higher prices | Australia's Postie Plus to sell Babycity chain | Primark promises action on fake store in Dubai:
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25 April 2012
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Canada's retailers place blame for higher prices
Canada's retailers shouldn't shoulder all the blame for the fact that consumers there pay more for goods than their US counterparts, according to Retail Council of Canada president Diane Brisebois, who testified before the Senate Tuesday. Outdated import duties imposed by the government and suppliers' practice of charging Canadian retailers up to 50% more than they do in the US are largely behind the higher prices, she said. Canada.com/Postmedia News (24 Apr.)
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Retail in Europe
Primark pushes on with Europe growth plans
UK-based cheap-chic fashion retailer Primark, one of the country's few retailers to flourish during the economic downturn, is moving ahead with aggressive Eurozone expansion plans, said parent Associated British Foods. The company reported a 15% jump in revenue in the six months ending March 4, largely fueled by new store openings and strong performance at stores in Spain, Germany, Portugal and the Netherlands. The Telegraph (London) (tiered subscription model) (24 Apr.), The Guardian (London) (24 Apr.)
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Primark promises action on fake store in Dubai:
UK discount apparel chain Primark plans to fight to close a recently opened copycat store in Dubai, which bears its name and purports to sell its branded goods, the company said. "Primark does not operate any stores there and this is not, therefore, a legitimate Primark store." The National (Abu Dhabi, United Arab Emirates) (25 Apr.)
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Retail in Asia
Wolverine World Wide teams with Tata to gain India foothold
Michigan-based footwear and apparel maker Wolverine World Wide has formed a joint venture with Tata International to start selling its products in India, one of three recent deals aimed at boosting the brand's international footprint. "This joint venture model follows the successful strategy of our owned operations in the United States, Canada and much of Europe," said CEO Blake Krueger. MLive.com (Michigan) (free registration) (23 Apr.)
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Retail in Latin America
Wal-Mart creates new compliance post amid Mexico bribery probe
Wal-Mart has created a new executive post to oversee the company's compliance with the Foreign Corrupt Practices Act in five global markets. The move comes as part of the retailer's internal investigation into allegations that Walmart de Mexico executives paid more than $24 million in bribes to get stores open faster. Bloomberg (24 Apr.)
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E-commerce Spotlight
China leads Internet beauty products market
A new report estimates China's online beauty product sales at $8 billion last year, making it the largest such market in the world. A new Kline & Co. report said China's online beauty sales have grown nearly 200% since 2006. Inside Cosmeceuticals (23 Apr.), CosmeticsDesign.com (23 Apr.)
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Technology Solutions
Mobile visual search goes global
Mobile visual search applications that let consumers scan images instead of QR codes to access product information or make a purchase is gaining popularity in Europe, Korea and Argentina. BieMEDIA says it hopes to partner with a U.S. retailer to launch the technology in the U.S. this year. EcommerceBytes (23 Apr.)
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Spotlight on Luxury Goods
New mall to bring luxury shops to Abu Dhabi
Luxury brands including Louis Vuitton, Cartier, Gucci and Prada will find a home in Abu Dhabi as part of the 33,000-square-metre The Galleria mall opening next year. The mall is part of a larger commercial development called Sowwah Square, which will house the Abu Dhabi Securities Exchange by the end of the year. The National (Abu Dhabi, United Arab Emirates) (25 Apr.)
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LVMH launches Chinese-language luxury site
French luxury conglomerate LVMH has launched a Chinese-language version of nowness.com, a content site for wealthy consumers that the company debuted in English two years ago. "The new site capitalizes on China's significant position as a growing luxury market and the importance of digital and social media in the region," the company said. The Wall Street Journal (tiered subscription model) (24 Apr.)
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Global luxury brands face China real estate shortage
Mall development continues at a breakneck pace in China, but not enough is taking place in the prime areas of cities where global luxury brands want to locate new stores, according to a report from CBRE Consulting. Women's Wear Daily (subscription required) (23 Apr.)
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NRF News
Brazil and China: The emerging online retail powerhouses
Take a guess: Which are the five largest markets today in terms of online users? The U.S.? The U.K.? Germany? Actually, try China, in first place with 369 million online users, followed by the U.S. (253 million), then India (133 million), Japan (104 million) and Brazil (91 million). In a BIG Show session on global e-commerce for 2012, retail executives from China, Brazil and Forrester Research shared why the Chinese and Brazilian markets are prime opportunities for retailers looking to expand e-commerce operations. Read more. Shop.org Blog (16 Jan.)
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SmartQuote
Opportunity is missed by most people because it is dressed in overalls and looks like work."
-- Thomas Edison,
American inventor
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