  | Global retail industry news |  |
- Canadian Tire extends offer period for buying Foranzi shares
In May, Canadian Tire made a C$26.50 a share offer to acquire the outstanding shares in Foranzi Group, with June 29 as its deadline for the deal. The Canadian retail giant said it has extended that offer period for the sporting goods retailer until Aug. 18. Reuters (16 Jun.)        | Worldwide Study on Sales Effectiveness. Today's customers are harder to impress than ever before. How fresh is your organization's strategy for meeting their expectations? New research reveals a unique approach to selling that produces desired buyer behaviors. Download free report now. |
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 - Korean retailers take diverging paths in China
Lotte Department Store, one of the largest department store chains in South Korea, is expanding in China, while its rival Shinsegae is shrinking its presence there. Lotte has opened a wholly owned outlet in Tianjin, the company's first in China. Meanwhile, Shingsegae Group is aiming to sell some of its stores in China. JoongAng Daily (South Korea) (17 Jun.) - Japan's Brand Off plans to expand into greater China market
Brand Off, a second-hand luxury goods retailer in Japan, is looking to launch an initial public offering in Hong Kong as it aims to expand into China. The retailer has 47 outlets in Japan and another nine in Hong Kong and Taiwan. Brand Off plans to open its first mainland China store in Shanghai this summer. Channel NewsAsia (16 Jun.)  | Help protect your employees by managing business travel risks with Zurich's white paper 'Managing the Risks of Business Travel: What every business needs to know'. Click here for the FREE download! |
 - France's Casino bolsters holding in Brazil's Pao de Acucar
Casino has raised its holding in Grupo Pao de Acucar, one of the leading retailers in Brazil, to 37% in a message to its partner Diniz group. "Casino reiterates its intent to strengthen GPA's long-term development as well as the group's position in fast-growing markets," the company said in a statement. Casino and Abilio Diniz, chairman at GPA, have been at odds since the businessman contacted Carrefour to discuss the possibility of a tie-up. Bloomberg (16 Jun.), Reuters (16 Jun.)  | Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now. |
 | E-commerce Spotlight |  | | | - Alibaba will split Taobao into three divisions
Alibaba Group is planning to split Taobao into three separate units: a consumer-to-consumer division, a business-to-consumer company and a search engine. However, Alibaba Group President Jack Ma said that the company could still go public down the road. Ma said the move will create increased value for the industry as well as the company and its shareholders. Xinhuanet.com (China) (16 Jun.) - Luxury e-retailer launches in Singapore
Joanna Soh decided to launch Clout Shoppe, an online shopping site for luxury goods, when she realized the Singapore market lacked such a business. The e-retailer, which launched earlier this month, sells Fendi, Gucci, Prada, Christian Louboutin and other luxury brands. Soh owns 5% of the company, while Singapore Post owns 95%. "With SingPost's backing, there is added confidence in terms of delivery and logistics fulfillment," Soh said. "I am personally able to concentrate on other roles like merchandising and customer service." Today (Singapore) (16 Jun.) | Technology Solutions | | | | - Argos plans to use TV channel to sell products
Argos has launched a UK television channel where it will offer thousands of products across its categories. "As the leader in multichannel shopping, Argos will use television to add a further dimension to the way in which customers can shop for its products from home," said Adrian Burleton, business development director at Argos. InternationalSupermarketNews.com (U.K.) (15 Jun.) | Spotlight on Fashion | | | | - Mulberry expands as demand for handbags surges
Wealthy consumers around the world are being drawn to Mulberry's fashionable handbags, prompting the British luxury brand to expand its factory in Somerset. Demand for Mulberry's Bayswater and Alexa handbags helped boost the company's annual profits. Mulberry is planning an overseas push as it prepares to open shops in Austria, Germany Switzerland, the U.S. and South Korea. The Guardian (London) (16 Jun.) | NRF News | | | | - Three tips to advance or start a career in loss prevention
With thousands of retail loss prevention executives on hand at this week’s Loss Prevention Conference in Dallas, NRF jumped at the chance to sit down with a few leaders and pick their brains about career advancement. In a three-minute video, Melissa Mitchell of LifeWay Christian Stores, Dan Doyle of Beall's, and Brent Holland of FurstPerson share a few nuggets of insight on how to advance (or start) a career in retail loss prevention. Watch the video.
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