  | Global retail industry news |  |
- Australian retail sales rise 1.1% in April
Retail sales in Australia exceeded economists' expectations by increasing 1.1% in April to a seasonally adjusted A$20.74 billion, according to the Australian Bureau of Statistics. The rebound is expected to ease concerns about Australia's economy. "I suspect that the five-day long weekend (over Easter) did exacerbate sales," said Annette Beacher, head of Asia-Pacific research at TD Securities. "It does necessarily raise the risk that we could see a correction next month, but nevertheless it is a very strong start to the June quarter." The Age (Melbourne, Australia) (02 Jun.), Reuters (01 Jun.)       - Battle over "Target" name continues in Canada
Target Corp. has entered formal mediation with Fairweather Ltd. of Toronto over a dispute of the use of the "Target" name in Canada. The companies are suing one another to prevent each other from using the name. Fairweather, which operates Target Apparel, argues that it has the Canadian rights to the name, having bought them from Dylex in 2001. Bloomberg (02 Jun.), Toronto Sun (02 Jun.)  | How do you stay ahead of the curve and remain in the black while consumers continue to be frugal in these difficult times? Find out how product lifecycle management solutions are helping manufacturers maximize production efficiencies, reduce time to market, and solve design and production problems before they reach the prototype stage. |
 - Jones Group acquires Kurt Geiger for £215 million
Jones Group, a US-based fashion firm, has agreed to pay £215 million to acquire Kurt Geiger, the largest luxury shoe retailer in Europe. "Kurt Geiger is still relatively young in terms of growth profile, with great potential still to be fulfilled," said Neil Clifford, who will remain as Kurt Geiger CEO. "We have developed a strong relationship with Jones and recognise it as an established designer, retailer and wholesaler in the US. Jones has a clear track record of supporting and growing its brands, and we are confident that we have found the right strategic partner to help evolve our business." Telegraph (London) (02 Jun.) - Prada to use IPO proceeds to expand and renovate stores
Prada plans to sell more than 423 million shares through its initial public offering in Hong Kong. The Italian fashion house will use most of the IPO proceeds to renovate existing stores and expand. The Milan-based company is betting that demand for luxury products in Asia will continue to increase. Reuters (03 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. |
  - Borders to continue selling books in Australia on eBay
Borders is closing most of its shops in Australia but will continue to sell its products on eBay. The announcement has frustrated some independent booksellers in Australia. "EBay Australia needs to account for Australian sellers that have helped grow their business with careful consideration to fairness of their long-term support versus short-term gains," said Phil Leary, president of Professional eBay Sellers Alliance in Australia. The Sydney Morning Herald (Australia) (03 Jun.) - Alibaba's Ma says he would break up Yahoo if he was in charge
Jack Ma, founder of China's Alibaba, offered advice to executives at Yahoo during an industry conference this week. "Separate it...into small pieces," Ma said when asked what he would do if he were in charge of Yahoo. "Running a big company is not easy, then make it smaller." Yahoo, Alibaba and Softbank of Japan are currently negotiating how to deal with the transfer of Alipay to Ma. China Daily (Beijing) (02 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! |
 | Spotlight on Fashion |  | | | - Canada's Holt Renfrew thankful customers have returned
Mark Derbyshire, president at Holt Renfrew, is celebrating the growing list of employees who are joining the luxury retailer's million-dollar sales club. The celebration comes as other retailers continue to struggle. However, Derbyshire is also making significant changes in an effort to alter consumers' behaviour and prepare for the onslaught of US retailing giants. The Globe and Mail (Toronto) (02 Jun.) | NRF News | | | | - What's hot in retail (and at NRF)
From the release of Shop.org's annual State of Retailing Online and new research on how social networks impact shopping to the launch of a national 60-day campaign to fight swipe fees and preparation for NRF's annual Loss Prevention Conference in Dallas, May was a jam-packed month at NRF. View a complete list of the most popular resources and articles in retail from last month. Read more.
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