Thursday, January 13, 2011

13 January 2011 - Asda to buy stores from Netto, sell them to rivals

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13 January 2011
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Global retail industry news

  Global Industry Watch 
 
  • Zellers and the Bay owner in talks to sell stores
    Highlighting the growing interest among U.S. retailers in expanding to Canada, the owner of Zellers and the Bay is said to be negotiating to sell stores to American chains. Sources said the talks could result in a deal as soon as this week. However, they cautioned that the negotiations could fall through. The Globe and Mail (Toronto) (12 Jan.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • M&S CEO Bolland not interested in retail price war
    Marc Bolland, the new chief executive officer at Marks & Spencer, said that a price war is not in the retailer's future. Bolland's comments came as M&S reported a significant sales hit from severe winter weather in December. Dalton Philips, Bolland's successor as CEO at Morrisons, warned this week that a price war was coming. The Herald (Glasgow, Scotland) (12 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail in Asia 
 
  • Auchan China exec says focus is on better, not more, stores
    Auchan, the French retail giant, recently opened a large supermarket in Huayang, Chengdu. Auchan is growing much more slowly than its competitors in Chengdu, having opened only three stores over seven years. Su Dehua, general manager of Auchan China, said the company is focused on better stores rather than more stores. The company does, however, plan to open seven stores in the city over the next five years. ChinaRetailNews.com (12 Jan.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
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  Spotlight on Consumer Electronics 
  • Bing Lee faces backlash over flood-donation promotion
    Bing Lee said it will donate A$1 for every person who "likes" the Australian electronics retailer on Facebook. Critics lashed out at the idea. "Using a disaster as a marketing opportunity is truly pathetic," said Tim Schubert. "You should offer to pledge $10,000 regardless of how many fans you have." Bing Lee said it was trying to "motivate people to raise awareness and share the message." The Sydney Morning Herald (Australia) (12 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Precision retailing: Revolutionizing cross-sale opportunities
    Scott Flathers, vice president of solution engineering for SAP, says the best definition of precision retailing he knows is "influencing a customer's buying decision while they're walking down the aisle of a grocery store." Flathers took BIG Show attendees through retailing giant Groupe Casino's new mobile app, which is revolutionizing up-sale and cross-sale opportunities directed at the customer at the point of purchase. Learn more. LinkedInFacebookTwitterEmail this Story
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