| Global retail industry news |  |
- Canada's Forzani Group reports increased earnings for Q4
The Forzani Group, the sporting goods retailer based in Calgary, reported C$24.2 million in earnings for the fourth quarter, up from C$22.9 million during the same quarter the previous year. "Earnings for the year were negatively impacted by a higher tax rate resulting from federal budget changes related to taxation of stock-based compensation costs. This change reduced net earnings by $1.5 million or $0.05 per share," according to the company. Calgary Herald (Alberta) (05 Apr.)        | LAST CHANCE: Save 50% on $100 hotel gift cards to reward staff and customers. Need an incentive? A promotion? A thank you? And a deal? Get half off a 12-pack of $100 The Hotel Card vouchers powered by Expedia Networks—good toward 2-night stays at 55,000 hotels (all major brands). Get bizy and buy. |
 | Retail in Europe |  | | | - Retail sales in Europe dip 0.1% in February
European retailers saw an unexpected drop in sales in February as energy costs soared, prompting consumers to rein in spending. Sales had risen 0.2% in January and then dipped 0.1% in February, according to the Eurostat, the European Union's statistics office. Economists had expected a slight gain. Bloomberg (05 Apr.) - Former Asda head predicts 2 years of pain for retailers
Andy Bond, formerly chief executive at Asda, said that as the global financial crisis reaches consumers, retailers in the UK can expect a couple years of misery. "You're kidding yourself if you think the worst is over and we've had a consumer recession -- it's ahead of us," Bond said. "The retail recession is ahead of us: 2011 and 2012 are going to be very tough for those of us who are exposed to the UK economy." The Guardian (London) (05 Apr.) - South Korean retailers introduce local goods to Asian markets
Lotte Mart, a South Korean retail giant, dominates a floor of the Ratu Plaza in Jakarta, Indonesia. Throughout the store, consumers can find a variety of Korean goods, including Komax plastic bottles, instant noodles and soy sauce. E-Mart has a branch in Shanghai that also features Korean products. Across Asia, retailers based in South Korea are introducing Korean goods to new markets. JoongAng Daily (South Korea) (06 Apr.)  | 8 of the world's top 10 brands build their business on Facebook with the Buddy Media Platform. What's your plan? Power Tools for Facebook. Register for demo |
 | Retail in Latin America | | | | - Lojas Renner to acquire local rival Camicado
Lojas Renner, one of the largest retailers in Brazil, has agreed to take over Maxmix Comercial, a local rival that operates under the name Camicado. The deal is valued at about $102.5 million. "The transaction represents another important step in consolidating the Company's business in the retail industry in Brazil and is aligned with its strategy of growth and value creation for its shareholders," according to Lojas Renner. The Wall Street Journal/Dow Jones Newswires (05 Apr.)  | The Joint Pain Relief Workout
Whether it's your aching knees, a painful hip, a damaged shoulder, or other major joint, this report from Harvard Medical School will provide you with a strategic exercise plan to relieve your pain and facilitate movement. 30% off the cover price and free shipping for SmartBrief readers. Click here to order. |
 | E-commerce Spotlight | | | | - Research delves into abandoned baskets in online shopping
RedEye, a behavioural e-mail specialist, has conducted research that found more than 70% of consumers regularly abandon their baskets when shopping online. The research also found that many retailers fail to follow up with those potential customers. RedEye execs suggest a follow-up e-mail. "There's no reason for companies not to try it -- an automated abandoned basket system is relatively quick and easy to set up, and results can be achieved from otherwise lost sales in just 24 hours," said Matthew Kelleher, commercial director at RedEye. The Retail Bulletin (04 Apr.) - Australian billionaire invests in DealsDirect.com.au
Ellerston Capital, which is owned by billionaire James Packer's family's Consolidated Press Holdings, has invested in the online retailer DealsDirect.com.au. "It signals a real coming of age for online retail, with businesses like Ellerston getting into the game, it is well and truly 'game on'," said DealsDirect's co-founder Paul Greenberg. The Australian Financial Review estimates the transaction to be worth AU$10 million. The Sydney Morning Herald (Australia) (05 Apr.) | Spotlight on Luxury Goods | | | | - Gitanjali acquires 5 Italian brands in effort to expand
Gitanjali Group, the Indian manufacturer and retailer of jewellery, has bought several Italian brands and rolled out an Italian subsidiary called Giantti Italia. "The presence in the Italian market is in line with our goal of acquiring excellence and expertise in the creation and handcrafting of jewellery. Italy represents the cutting-edge of jewellery designs," said Mehul Choksi, chairman and managing director at Gitanjali Group. The Economic Times (India) (01 Apr.) | NRF News | | | | - NRF: The 2010 year in review
NRF has released a digital (and interactive) copy of its 2010 Annual Report. A look inside the 2010 edition showcases NRF's new strategic plan, which includes a renewed focus on advocacy, communications and education. The report also delves into NRF's work within varied retail communities such as e-commerce, marketing, loss prevention, information technology, sustainability, supply chain and more View the Annual Report.
| SmartQuote | | | |  | It is by means of my vices that I understand yours."
--Ralph Waldo Emerson,
American writer  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.