Tuesday, November 23, 2010

23 November 2010 - "Mock" luxury products threaten established brands

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23 November 2010
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  Global Industry Watch 
 
  • "Mock" luxury products threaten established brands
    Some international luxury retailers and manufacturers say they are concerned about the growing number of "mock" sunglasses, apparel, TVs and other products finding their way to a segment of consumers who like luxury styles and aren't tied to brand names. Unlike counterfeits, mock products are produced and sold legally at lower prices than the brands they imitate. Brisbane Times (Australia) (23 Nov.) LinkedInFacebookTwitterEmail this Story
  • More US merchants make their way to Canada
    Retail sales in Canada have been growing faster than sales in the US since mid-2006, prompting more American merchants to cross the border in search of new revenue. Chains including J.Crew, Kohl's, Lord & Taylor and Marshalls are among those making plans for a Canadian debut. ABC News/Reuters (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • New designs come to her in dreams
    UK luxury purse designer Anya Hindmarch gets her best ideas in dreams, waking suddenly to scribble down the inspiration for new products. Hindmarch credits her nighttime inspirations for the success of her global company, which operates 54 stores and books about $32 million in yearly sales. The Wall Street Journal (20 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Li & Fung to acquire Oxford apparel division for $121.7 million
    Major Wal-Mart supplier Li & Fung has agreed to acquire most of Oxford Industries' apparel division in a deal valued at $121.7 million, as part of the Hong Kong-based vendor's plan to expand its manufacturing base. The Atlanta-based Oxford plans to keep its Oxford Golf business and a distribution centre in Lyons, Ga. Bloomberg (22 Nov.) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart tests e-commerce site in China
    Wal-Mart has launched a test e-commerce site in China for its Sam's Club warehouse stores, a foray into the field dominated by Chinese company Taobao. The site was set up to serve Sam's Club members in Shenzhen, a city of 8.9 million people. Yahoo!/PC World (22 Nov.) LinkedInFacebookTwitterEmail this Story
  • H&M quickly wins over Korea's fast-fashion fans
    Korea's H&M stores were expecting larger-than-usual crowds for today's launch of the new Lanvin fashion lines. Less than a year after opening its first store in the country, the Swedish retailer says it has found a home among Korea's fast-fashion fans, despite steep competition from rivals including Zara and Forever 21. The Korea Times (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Amazon sparks UK price war with Black Friday deals
    British retailers are keeping a careful eye on Amazon as the online merchant seeks to lead this holiday season. This week, Amazon reportedly flooded its UK site with discounted deals and plans to make bargains even more attractive as it takes the US tradition of Black Friday to UK consumers with 60% and 70% discounts on consumer electronics, jewellery and other gift items. Telegraph (London) (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Grocery 
  NRF News 
  • 9 out of 10 retailers planning Cyber Monday promotions
    Five years after the phrase "Cyber Monday" was coined, retailers have even bigger plans for the Monday after Thanksgiving. From one-day sales to free shipping on all purchases, nearly nine in 10 retailers will have a special promotion for Cyber Monday, according to Shop.org's eHoliday survey. "Just when we think that Cyber Monday can't get any bigger, it does," said Joan Broughton, Interim Executive Director of Shop.org. Read more. LinkedInFacebookTwitterEmail this Story
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