Wednesday, June 15, 2011

High street shops move into out-of-town retail parks

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15 June 2011
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  • High street shops move into out-of-town retail parks
    Out-of-town shopping parks are seeing their vacancy rates decline as supermarkets and high street shops fill up the space. "Out of town is supplying what the public wants: ease of access, car parking. Mum can go to Next while dad goes to B&Q and there is Pets at Home or Toys R Us for the kids," said Trevor Wood, a senior partner at the eponymous retail consultancy. The Guardian (London) (14 Jun.) LinkedInFacebookTwitterEmail this Story
  • Carphone postpones decision on Best Buy megastores
    Carphone Warehouse plans to consider further the wisdom of expanding Best Buy in the UK during a tough trading landscape. "We did hope to have it finished by June time, it's now looking like it's going to be anything up to another two or three months before we've finished all the evaluation," said Carphone Warehouse CEO Roger Taylor. Reuters (14 Jun.) LinkedInFacebookTwitterEmail this Story
  • Germany's Adler extends timeframe for IPO
    Adler, the German fashion retailer, has decided to extend until June 20 its initial public offering. The move will allow investors to consider the company's recent results, which will be reported on Thursday. "The extension of the offering period ... will enable investors to consider the new information in their investment decision," according to the company. Reuters (14 Jun.) LinkedInFacebookTwitterEmail this Story
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  • Tokyo retailers cater to needs based on power shortage
    Tokyo residents and retailers are preparing for a summer that is expected to include far less air conditioning than in previous years. Sales of "green curtain" gardening kits are booming and consumers are stocking up on clothes designed to help the wearer stay cool. Bloomberg (15 Jun.) LinkedInFacebookTwitterEmail this Story
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  • China's Moonbasa takes step toward IPO, sources say
    Moonbasa.com has hired a couple of banks to help it with its initial public offering, where it is aiming to raise about $150 million, according to sources. Moonbasa plans to float on the Nasdaq Stock Exchange, following in the footsteps of other Chinese sites that have raised capital in the US. Bloomberg (15 Jun.) LinkedInFacebookTwitterEmail this Story
  • China's 360buy.com to return 3% of book sales to writers
    Chinese online retailer 360buy.com plans to return 3% of its book sales to the original writers for the next three years. Writers who register and are approved will be paid on a quarterly basis. Liu Qiangdong, chief executive officer at 360buy.com, has also pledged to donate CNY1 million to protect writers' rights and battle copyright infringements. ChinaRetailNews.com (15 Jun.) LinkedInFacebookTwitterEmail this Story
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  • GameStop CEO: 5 tips for becoming a leader within your company
    During his presentation at NRF's Loss Prevention Conference, Paul Raines, CEO of GameStop, shared five tips for how to grow within your own company. His biggest piece of advice? Remember the window and the mirror. When times are tough, Raines said, a bad leader looks out the window, blaming everyone else for the company's missteps. On the flip side, good leaders will look in the mirror, asking how they can personally improve a given situation. Read more. LinkedInFacebookTwitterEmail this Story
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