| Global retail industry news |  |
- Marshalls officially enters Canada
Marshalls, the popular off-price American retailer, is opening three stores in Canada and has plans to open another two outlets next month. Marshalls is one of the latest foreign retail chains to enter Canada. Victoria's Secret, Target, Topshop and other retailers are making their way to the country to capitalise on its relatively healthy consumer spending. Winnipeg Free Press (Manitoba)/The Canadian Press (16 Mar.)        | What is the future of social media?
Find out how social media is spreading into many digital touchpoints and changing lifestyles, businesses and how we interact with each other from the Altimeter Group's Jeremiah Owyang. Register today for the 2011 Social Media Success Summit to learn more about social media and how to make it work for your business. Early bird 50% off rate: register now! |
 | Retail in Europe |  | | | - Retail execs optimistic that UK won't slip into recession
Kingfisher CEO Ian Cheshire, New Look CEO Carl McPhail and other retail executives said manufacturing rather than increased retail sales will help the UK economy avoid a double-dip recession. At an industry conference, retail executives said they expect it to be a difficult year. Andy Hornby, chief executive at Alliance Boots, said he expects the disposable income of consumers to remain under pressure for the next couple of years. The Wall Street Journal/Dow Jones Newswires (16 Mar.) - Arcadia looks at possibility of UK production
Philip Green, the British retailing billionaire, said his company, Arcadia Group, is "having a look at what possibilities are there in terms of U.K. production." The company is considering opening factories in Britain as sourcing costs elsewhere surge. Arcadia, which has roughly 3,000 owned and franchised locations around the world, currently sources few of its products from the UK. Bloomberg (16 Mar.) | Retail in Asia | | | | - Uniqlo donates funds, clothing to help Japan after quake
Uniqlo, the largest retailer in Japan, has donated more than £16 million worth of aid, including funds and clothing, to help victims of the country's earthquake and tsunami. Tadashi Yanai, founder and president of Fast Retailing, the parent company of Uniqlo, has also donated about £7.7 million of his own. Telegraph (London) (16 Mar.) - India's Shopper's Stop plans to open more outlets
Shopper's Stop, one of the largest publicly traded retailers in India, plans to invest about 4.5 billion rupees to open more hypermarkets and department stores. Govind Shrikhande, managing director at Shopper's Stop, said the company, which currently runs 36 department stores, plans to add another 24. The company will bolster its number of HyperCity stores from nine to 26, Shrikhande said. Bloomberg (16 Mar.) | E-commerce Spotlight | | | | - Online retailers focus on newer e-commerce markets in Europe
Europe's older e-commerce are dominated by the largest online retailers in the business, but some of the smaller companies are investing in Spain, Italy and some other European countries that offer opportunities. "There are key differences in the markets in Europe," said Karin von Abrams, an analyst at eMarketer. "In some of the smaller countries the Internet still only accounts for a small portion of total retail sales, and that presents an opportunity for new players to create a base." InternetRetailer.com (16 Mar.) | Spotlight on Consumer Electronics | | | | - Germany's Saturn to open store in Istanbul
Saturn, the technology retailer based in Germany, plans to open a location on one of the busiest streets in Istanbul. Nuri Topatan, CEO at Media-Saturn Turkey, said more than 2 million people walk on Istiklal Avenue every day. It will be Turkey's largest technology store. Hurriyet (Turkey) (16 Mar.) | NRF News | | | | - 6 trends to help you avoid the "race to the bottom"
In the opening session of INNOVATE '11 last week, author and Wired Magazine founder Kevin Kelly shared his views on how to develop brands and products that succeed in an industry that sometimes "races to the bottom" with price points. Kelly shared six trends or movements in the digitally-empowered physical world of retail that impact how we interact with everything and everyone around us. Read more.
| SmartQuote | | | |  | When we lose the right to be different, we lose the right to be free."
--Charles Evans Hughes,
American lawyer and politician  |
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The top 10 online retailers in Europe were responsible for almost one-quarter of the e-commerce revenue on the continent last year, with Amazon the clear leader. Amazon's sales in Europe totaled $13.1 billion last year, or 16.3% of online sales by Europe's top 300 e-commerce companies. 
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