Monday, November 22, 2010

22 November 2010 - Reinventing Canada's oldest retailer

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22 November 2010
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Global retail industry news
 
  Global Industry Watch 
 
  • Reinventing Canada's oldest retailer
    Thirty-year retail veteran Bonnie Brooks signed on as president of The Bay two years ago, just as Canada's economy was heading into a downturn. Despite the recession, Brooks spearheaded a turnaround at Canada's oldest retailer, modernising the merchandise mix at The Bay's 92 stores and making it hip for younger people to shop there again. National Post (Canada) (18 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Next plans to add garden centres at new stores
    UK retail chain Next plans to diversify its merchandise mix in its new stores, adding a garden centre to its lineup of clothing and housewares when it opens a 50,000-square-foot store in a former Homebase DIY store in Shoreham. The move marks a growing trend for retailers including Next and M&S to create larger out-of-town stores, some commercial retail experts say. The Independent (London) (21 Nov.) LinkedInFacebookTwitterEmail this Story
  • Poundland makes online-retail plans
    Deep-discount retail chain Poundland is making plans to launch an e-commerce website in the next two years. The UK chain, which has been expanding its brick-and-mortar store base as more consumers are attracted to its "everything for a quid" strategy, plans to carefully evaluate which products to sell online and which won't make sense based on postage rates. The Independent (London) (21 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Online counterfeits give a growing headache to Korean authorities, luxury brands
    Counterfeit Louis Vuitton bags and other faux-luxury products have found a home online, and Korean consumers aren't immune. Shoppers who previously had to travel to Itaewon to buy designer knockoffs now need only to log on to the Internet and search for the items, which are often made in the country but sold on sites administered outside Korea, a fact that makes it tougher for authorities to clamp down on the fakes. The Korea Times (21 Nov.) LinkedInFacebookTwitterEmail this Story
  • Tesco boosts sales in Asia
    Tesco reported increased revenue from expanded operations in South Korea, China and India this year. The UK chain sees international operations as the engine of growth, and overseas sales account for about a third of the company's revenue. The Guardian (London) (21 Nov.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Bigshoebazaar.com creates wholesale portal
    Online shoe retailer Bigshoebazaar.com has created a wholesale portal that will allow India's footwear retailers access to brands that aren't currently available in many cities. "By using this model, we would be able to take all the brands and their products to every market we reach. We will try to serve all tier I, II and III cities through this division," said director Manmohan Agarwal. IndiaRetailing.com (19 Nov.) LinkedInFacebookTwitterEmail this Story
  • Luxury brands expand their global reach online
    More luxury brands are tailoring their selling strategies to fit online marketplaces, in an effort to reach high-fashion fans wherever they live, according to this report. Dubai-based Roula Ghalayini's 3-year-old Poupee Couture handbag line vastly expanded its audience beyond the Arab world when it began selling on Boticca.com, and online fans in Europe and other areas now account for about 25% of sales. The New York Times (free registration) (21 Nov.) LinkedInFacebookTwitterEmail this Story
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By Tim Beyers, September 14, 2010

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  Spotlight on Mass Merchandise 
  • Indian apparel workers launch Friday strike
    Workers at India's apparel factories took to the streets Friday, closing factories to protest high domestic cotton prices. The industry staged the strike as part of a push to ban exports of cotton yarn, which have created a serious shortage and driven up domestic prices. Women's Wear Daily (subscription required) (19 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Giorgio Armani and the future of luxury retail
    As global luxury spending begins to stabilise, what can retailers expect from their customers? And, how do they attract new ones? At Retail's BIG Show, 9 to 12 Jan. in New York, Alessandro Valenti, Executive Vice President Retail for Giorgio Armani Corp., will examine the trends and shifts shaping luxury spending as well as review online behaviour and identify growth opportunities for retailers in the luxury sector. Learn more. LinkedInFacebookTwitterEmail this Story
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