Friday, September 24, 2010

24 September 2010 - Costco strives for growth in Australia

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24 September 2010
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Global retail industry news
 
  Global Industry Watch 
 
  • Costco strives for growth in Australia
    US-based discount retailer Costco saw its Melbourne store take in $9 million in sales and membership fees in its first two weeks. The company's American parent has been investing in its Australian business and is striving to find growth Down Under amid a growing number of foreign and domestic competitors. The Sydney Morning Herald (Australia) (24 Sep.) LinkedInFacebookTwitterEmail this Story
  • Casey's investors hinder Couche-Tard's hostile takeover bid
    Shareholders in Casey's General Stores, which owns more than 1,500 U.S. convenience stores, rejected all of the directors nominated by Canada's Alimentation Couche-Tard. Instead, the investors overwhelmingly re-elected Casey's entire board, which is weighing takeover bids from Couche-Tard and 7-Eleven. Bloomberg (23 Sep.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • France considers protecting small shops from e-book invasion
    Independent bookstores across much of Europe are protected by laws that prohibit significant discounting of books. France does not allow stores to sell books for less than 95% of the cover price, but the 1981 law does not cover e-books. Lawmakers in France are considering how to protect small booksellers from Amazon.com, Apple and other large Internet retailers. The Wall Street Journal (24 Sep.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • South Korean retailers aim to keep up holiday momentum
    Retailers in South Korea are moving beyond the Chuseok holiday by launching sales and events to keep the momentum going. Lotte Department Store and other major businesses are targeting consumers eager to unwind after the stressful holiday period. Retailers also are interested in persuading shoppers to use any gift certificates they received over the holiday. JoongAng Daily (South Korea) (24 Sep.) LinkedInFacebookTwitterEmail this Story
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  Retail in Latin America 
 
  • Other News
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  E-commerce Spotlight 
  • UK fashion retailer Next to sell apparel online in US
    Next and Sears have signed an agreement in which the US retailer will sell the UK retailer's clothes online to American consumers. "Next gives customers both style and affordability, so they don't have to choose between the two. By bringing must-have fashion statements from brands like Next, our customers will be able to shop for international styles, all in one place at Sears," said Imran Jooma, president of e-commerce at Sears. The move allows Next to sidestep pitfalls that have plagued other foreign retailers keen to enter the US market. Telegraph (London) (23 Sep.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Debenhams reflects reality with new ad campaign
    Debenhams' new advertising campaign features older women in an effort to reflect the diversity of the department store's shoppers. The company said it is committed "to reflecting its diverse customer base through representative imagery". Debenhams has been shaking things up lately by banning airbrushing in its advertisement, using plus-size mannequins and featuring a disabled model. MarketingWeek (subscription required) (23 Sep.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Recession retailing: How to stay ahead of the curve
    In the most recent peer-reviewed resource to NRF's Retail Reference Center, Jeffrey Edelman of RSM McGladrey explores how retailers should view the changing recession shopper. The recession consumer is "one who is more value conscious, regularly purchasing private brands for basic merchandise and cross shopping among distribution channels", he writes. "The good news is that with the economy on the upswing, these same consumers are beginning to buy a little more of what they want, compared to what they need." Read more. LinkedInFacebookTwitterEmail this Story
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This would be a much better world if more married couples were as deeply in love as they are in debt."
--Earl Wilson,
American journalist and gossip columnist


 
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