  | Global retail industry news |  |
- Discount stores thrive in Canada
The recession is technically over, but Canadian consumers of all incomes continue to seek bargains, helping bolster the bottom line of discount stores such as Dollarama. The retailer, which operates more than 650 stores across the country, said sales increased 13.3% for the year that ended at the end of January. Industry experts say the trend probably will continue because consumers have changed the way they spend money. "Conspicuous frugality" has replaced conspicuous consumption, according to Ed Strapagiel, executive vice president of Kubas Primedia. The Toronto Star (07 Apr.)        - Alfa-Group rejects speculation about X5 Retail merger
Alfa-Group, led by Mikhail Fridman, is denying speculation that it is considering merging X5 Retail with a global retailer. "Press speculation about merging X5 with international retailers is unfounded," Fridman said. "We have stated many times that Alfa-Group is a long-term investor in X5 Retail Group. We see tremendous growth potential for the company and strongly support its focus on development in the still-immature and fragmented Russian retail market." Reuters (07 Apr.), Bloomberg (07 Apr.) - Bennetts reopens stores after going into administration
Bennetts, the UK electrical retailer that recently went into administration, has started reopening its outlets. Hughes Electrical, based in Lowestoft, England, has bought parts of Bennetts, reopening six of its 16 locations. BBC (06 Apr.)  | Tokenization is more than a security measure and more than a cost savings technique. It can be used to build your business. This white paper discusses the ways tokens can be used in back-end business operations to develop powerful marketing programs. |
 - Japan's Takashimaya predicts profit decline after quake
Takashimaya, an operator of department stores in Japan, said it expects operating profit to drop 12% for the year that ends in February 2012 as the country continues to deal with the aftermath of the 11 March earthquake. Takashimaya forecast a profit of 16 billion yen, significantly below the average forecast of analysts polled by Thomson Reuters. Reuters (08 Apr.) - Spar opens hypermarket in Pune, India
Spar, the global chain of hypermarkets, has opened a store in Pune, India, under a licence agreement between Spar International and Max Hypermarkets India. "We hope to take the shopping experience in Pune to a new level. At Spar we get international best practices and adapt them to best suit the needs of the local shopper," said Viney Singh, managing director at Max Hypermarket India. IndiaRetailing.com (06 Apr.), CommodityOnline.com (07 Apr.)  | Nip Procrastination in the Bud
According to new research, the way deadlines are set has a profound effect on the degree to which workers procrastinate and even on the quality of their work. Set better deadlines with this Harvard Business Review article. Read the article or order a reprint. |
 | Retail in Latin America |  | | | | E-commerce Spotlight | | | | - Online sales are expected to surge in Brazil, Mexico, study says
Forrester Research has released a study that found e-commerce sales in Brazil likely will surge from $7.9 billion in 2010 to $22 billion by 2016. The study also found that Mexico's e-commerce sales will grow from $1.1 billion to $3.4 billion over the same period. Forrester's Latin American Online Retail Forecast notes that Brazil's 81 million Internet users are active in social media. InternetRetailer.com (07 Apr.) - Italy's Miu Miu opens online retail site
Miu Miu, the Italian fashion house known for eclectic designs, has rolled out an e-commerce store. The online site features Miu Miu's full collections along with online-only offerings. Shoppers can also browse and purchase the latest fashions from the runway. Luxist (07 Apr.) | Spotlight on Fashion | | | | | NRF News | | | | - Tips for delivering a great mobile site experience
Want to improve the quality of your mobile site? Join executives from Branding Brand and AlertSite for a STORES Knowledge Series webinar on 5 May as they discuss how mobile site functioning impacts visitor experience, actionable data you should be collecting from mobile customers and key strategies for one-upping the competition. Learn more.
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--Blaise Pascal,
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