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| Global retail industry news |  |
- White Stuff plans to expand into Northern Europe
White Stuff, the ski brand that has transformed itself into a fashion retailer, is planning to expand into Northern Europe. The 78-store chain is poised to appoint a new chairman as it works toward its first foray into international retailing. White Stuff CEO Sally Bailey said the plan is to open physical stores as well as online sites in European nations "over the next five years." Telegraph (London) (06 Mar.)       - Christchurch retailers assess situation after quake
Large retailers in Christchurch, New Zealand, are regrouping and reopening stores following the devastating earthquake. Some have been forced to find alternative locations to reopen, while others are facing logistical challenges. Mary Devine, managing director at Ballantynes department store, said the company faces issues accessing its system. "If we could access a few more computers at our buildings it would be good," she said. Stuff (New Zealand) (03 Mar.)  | A successful customer relationship strategy requires best practices, a scalable solution, buy-in from all business units and stakeholders, and well-defined, highly effective processes. Do you measure up? Take the Executive Benchmark Assessment now and get your report with extremely valuable insight. |
 - Alworths chain undergoes shake-up
Alworths was meant to be a resurrection of Woolworths, but less than two years after the opening of its first store, the chain is about to get new ownership. Founder Andy Latham has stepped down as a director, and is establishing a new firm that will take control of Alworths. Evening Standard (London) (04 Mar.)  | 2011 planning for social media made simpler
94.1% of businesses use social media to build brand awareness — does yours? Get insights into business trends and best practices for social media from SmartBrief's State of Social Media for Business. Make your 2011 social-media strategy count with data from 6000+ business execs. Get the report today. |
 - Prada plans $2 billion IPO on Hong Kong exchange
The Italian fashion house Prada is planning to forgo the Italian exchange and instead list on the Hong Kong exchange, which it says is closer to the company's fastest growing region. CEO Patrizio Bertelli said the decision was made to launch its initial public offering in Hong Kong in order to "seize the best opportunities offered by the international capital markets." Bloomberg (07 Mar.)  | 10 Must-Read Articles from HBR
If you read nothing else, read these 10 articles from Harvard Business Review's most influential authors. Order this insightful collection in convenient electronic download. |
 - Sina.com, China Dongxiang to invest in online retailer
Mecox Lane, a mail order and online retailer based in Shanghai, said that China Dongxiang and Sina.com plan to invest in the company by purchasing shares from its major shareholders. Mecox Lane Director and CEO Gu Beichun said the company plans to explore the new Internet marketing model in cooperation with Sina.com. ChinaRetailNews.com (07 Mar.)  | Spotlight on Mass Merchandise |  | | | - Carrefour, Ahold fail to win over investors with cash handouts
Carrefour said it is planning to pay a special €4 billion dividend as it spins off Dia and a portion of its European property division. Ahold also announced plans to increase its dividend along with repurchasing €1 billion of shares. The cash handouts failed to impress investors, however, who are concerned with how rising prices will influence consumers. Reuters (03 Mar.) - Ikea's plans to expand in Russia halted by corruption
Kirill Kabanov, head of the National Anti-Corruption Committee in Moscow, said that the reason Ikea is not opening new stores in Russia is because company officials refuse to pay bribes to safety inspectors. "We have a zero tolerance on corruption and we have a very clear policy, and then things must take the time they take," said Per Wendschlag, Russia managing director at Ikea. Bloomberg (02 Mar.) | NRF News | | | | - What's hot in retail (and at NRF)
The industry focus for February revolved around lessons learned and resources for the future according to NRF.com stats. Noteworthy topics last month included video coverage of CEOs from HSN, Crate & Barrel and Rue La La as they discusses leadership, a Q&A with Steve Madden E-commerce President Andrew Koven and planning resources for 2011. View a complete list of the most popular resources and articles in retail for the month of February. Read more.
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American educator and diplomat  |
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