Wednesday, March 23, 2011

Apple to launch iPad 2 in dozens of foreign markets

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23 March 2011
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Global retail industry news

  Global Industry Watch 
 
  • South African union aims to keep Wal-Mart from buying Massmart
    The South African Commercial, Catering and Allied Workers Union plans to picket the country's competition regulator's offices in an effort to prevent or alter Wal-Mart's takeover of Massmart. "We will tell the Competition Tribunal that we believe it is not in the best interest of South Africa for Walmart to be allowed into our country," said Bones Skulu, the union's general secretary. Reuters (22 Mar.) LinkedInFacebookTwitterEmail this Story
  • Apple to launch iPad 2 in dozens of foreign markets
    Apple has struggled to meet demand in the US for its latest iPad, but the company plans to stick with its Friday launch of the popular device in the UK, France and several other foreign markets. "We're experiencing amazing demand for iPad 2 in the U.S., and customers around the world have told us they can't wait to get their hands on it," said Apple CEO Steve Jobs. "We appreciate everyone's patience and we are working hard to build enough iPads for everyone." Reuters (22 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Sainsbury reports 1% increase in like-for-like sales
    J Sainsbury, the third-largest supermarket group in the UK, reported a 1% rise in like-for-like sales, excluding petrol, over the recent 10-week period ending March 19. Sainsbury CEO Justin King noted that the retailer is outperforming the market, but he warned about challenges ahead. "We expect the consumer environment to remain tough, with our customers facing fuel price inflation, uncertain employment prospects and government spending cuts," King said. Telegraph (London) (23 Mar.), Bloomberg (23 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
  • Germany's Metro plans to open outlets in Indonesia
    Metro Group, one of the largest retailers in the world, announced this week that it plans to launch a Metro Cash & Carry outlet in Indonesia by next year. "The presence of Metro Cash & Carry in Indonesia will create great momentum for our business expansion in the Asian market," said Eckhard Cordes, CEO of Metro Group. If Asia's economic conditions remain stable, the company plans to open about 20 such locations. The Jakarta Post (Indonesia) (23 Mar.), Jakarta Globe (Indonesia) (22 Mar.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • David Jones to carefully ramp up online presence
    David Jones, the operator of upscale department stores in Australia, sought to assure investors that its efforts to step up its online presence would be controlled. "We see our online business as a growth opportunity in the medium to long term," said David Jones CEO Paul Zahra. "We are working to become a multi-channel retailer with an integrated digital market plan." The Sydney Morning Herald (Australia) (23 Mar.) LinkedInFacebookTwitterEmail this Story
  • Play.com notifies customers about security breach
    Online retailer Play.com has been contacting its customers to let them know that their names and e-mail addresses have been stolen following a security breach. "We would also like to reassure our customers that all other personal information (credit cards, addresses, passwords) are kept in the very secure Play.com environment," said Play.com CEO John Perkins. BBC (22 Mar.), The Guardian (London) (22 Mar.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Luxury Goods 
  • Luxury retailers struggle to find right space in India
    UB City in Bangalore and DLF Emporio in Delhi emerged as India's first luxury malls when they opened in 2008. Luxury retailers welcomed the developments, as they had struggled to find appropriate spaces for open shop. However, luxury malls have faced significant challenges in India, and retailers continue to seek the perfect property. "Retail real estate is a huge challenge in India. Positioning is the primary factor for any luxury retailer. This is a brand building exercise for us in India right now," said Kalyani Saha, an executive at Christian Dior Couture India. LiveMint.com/The Wall Street Journal (India) (23 Mar.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Whenever the world throws rose petals at you, which thrill and seduce the ego, beware."
--Anne Lamott,
American writer


 
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