  | Global retail industry news |  |
- Woolworths' Luscombe provides perspective to online debate
Traditional retailers in Australia have been up in arms about the threat of online competition, but Michael Luscombe, head of Woolworths, offers perspective, according to this column. The retail giant curtailed earnings expectations while reporting first-half sales. Woolworths did not blame the expected drop on online competitors; instead, the company pointed to a variety of other factors. The Sydney Morning Herald (Australia) (25 Jan.)       - Canada's retail industry abuzz with developments
Yorkdale, one of the largest shopping malls in Toronto, is planning to add 40 stores, 800 parking spots and enlarge the food court. Meanwhile, a Canadian developer said it plans to introduce US-style outlet malls to the country. The announcements are being taken as an indication of foreign retailers' interest in entering Canada. "The excitement in the retailer industry is just incredible right now," said John Crombie, branch manager for Cushman & Wakefield. The Toronto Star (25 Jan.)  | Xerox® ColorQube® solid ink printers, starting at $699.
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 | Retail in Europe |  | | | - Matalan suffers sharp drop in holiday sales
Matalan, which has more than 200 stores in the UK and five abroad, cited severe winter weather as contributing to its sales decline over the holiday period. The fashion and homewares retailer said that "aggressive tactical" promotions allowed it to avoid being left with terminal stock. Matalan is seeking a CEO after Alistair McGeorge left in 2010. The Independent (London) (26 Jan.)  | The Joint Pain Relief Workout
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 | Retail in Asia | | | | - Prices on private labels in India set to rise
Consumers tend to trade down to private-label brands as a less expensive option, but shoppers in India are about to see an increase in prices. Shoppers Stop, Pantaloon and other major retailers are aiming to boost such prices by as much as 15%. The Times of India (26 Jan.) - Sinopharm to acquire stake in medicines retailer in China
Sinopharm Group, the largest drug distribution operator in China, said in a regulatory filing that it will acquire a 60% stake in Shijiazhuang Le Ren Tang Pharmaceutical Chain. The move will help Sinopharm expand its business in the Hebei province of China. Reuters (25 Jan.) - Online delivery in UK becomes more flexible, report says
The Snow Valley Online Retail Delivery Report 2011 said that the percentage of online retailers that offer two or more delivery options has increased, from 54% in 2005 to 69% today. About a quarter of retailers offered delivery on Saturday, while 9% said same-day delivery is an option. In general, the report found that delivery options provided by online retailers in the UK have improved and become more flexible. InternetRetailing.net (25 Jan.)  | Unsure how to respond on Facebook?
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 | Spotlight on Luxury Goods | | | | - Luxury watchmakers turn to social networks
Most luxury-watch manufacturers wouldn't dream of selling their timepieces online, but they are starting to turn to social networking sites such as Facebook and Twitter to promote their products. "Social media are important because they allow customers to quickly access the information they need. They are also a great means for us to get feedback from our customers," said Marc Guten, marketing director at Vacheron Constantin. Reuters (24 Jan.) | NRF News | | | | - Retail execs, economist share roadmap to global economic recovery
"The recovery is taking hold, but there is mixed evidence as to where and how quickly," said Mark Greene, CEO of FICO. Greene lead a panel discussion on this very topic with executives from Kingfisher, Retail Brand Alliance and Collective Brands and economist Mark Zandi of Moody's. The panel discussed regional areas of strength for retailers, as well as challenges and opportunities within the global economy. Read more.
| SmartQuote | | | |  | Identity is not found the way Pharaoh's daughter found Moses in the bulrushes. Identity is built."
--Margaret Halsey,
American writer  |
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