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 - Cordes says Metro's Kaufhof forgoing Karstadt merger
Eckhard Cordes, chief executive officer at Metro, said that the German retailing giant's Kaufhof unit will no longer be pursuing a merger with rival Karstadt. "We always believed that combining parts of both department-store companies would make sense. The other side appears to have different views. That's why it's no longer an issue for us," Cordes said. "Kaufhof is successfully going its own way. We don't need Karstadt." Reuters (15 May.)       - Cameron asks "Queen of Shops" to help boost high street
UK Prime Minister David Cameron is poised to ask Mary Portas, a television presenter and retail adviser, to help bolster the fortunes of British retailers. Cameron's goals for Portas include increasing the number of small and independent retailers and tackling the surge in shop vacancy rates. The Guardian (London) (17 May.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a FREE whitepaper. |
 - Taiwan-based cafe, bakery chain to expand in China's Xiamen
The cafe and bakery chain 85°C has opened an outlet in China's Xiamen and is planning to open another three shops there before the end of the month. The company has more than 300 locations in Taiwan and entered China's mainland market in 2007 with a shop in Shanghai. It now has more than 180 outlets on the mainland. ChinaRetailNews.com (16 May.)  | Privacy & Online Behavioral Advertising: What's Next?
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 | E-commerce Spotlight |  | | | - China's Yihaodian sees investment from Wal-Mart
Wal-Mart Stores recently announced that it plans to acquire a minority stake in Yihaodian, an online retailer in China. The deal helps Wal-Mart's effort to expand its online operations. Yihaodian, which has operations in Guangzhou, Beijing and Shanghai, sells a variety of products, including apparel, consumer electronics and groceries. Reuters (13 May.), China.org/Xinhua (13 May.) - StyleTread execuitve says $4 million investment came at key time
Nine Entertainment has been working to diversify its portfolio, with its latest move being a $4 million investment in StyleTread, a new online shoe retailer. The investment values StyleTread at $20 million. Mark Rowland, managing director at StyleTread, said the investment came at a critical time as the retailer is expanding rapidly. "We've had to move out of the warehouse we leased out six months ago because we've already outgrown it," he said. "The growth has been extraordinary." SmartCompany.com.au (Australia) (16 May.)   | Technology Solutions | | | | | Spotlight on Grocery | | | | | NRF News | | | | - Growth in U.S. retail container traffic levels off but consumer demand remains strong
U.S import cargo volume is expected to level off this month and remain steady throughout the summer, according to NRF's monthly Port Tracker forecast. "Retailers are being cautious with how much merchandise they import due to economic pressures such as higher commodity prices, but overall consumer demand remains strong," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Read more.
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