  | Global retail industry news |  |
- HMV sells 121-store Canadian business to Hilco arm
HMV has confirmed that it sold its 121 stores in Canada to Hilco UK for £2 million. The company plans to use the proceeds from the sale to reduce its debt. "The Board has fully explored the options available to it for HMV Canada, and believes that a sale to Hilco is the correct decision for the business at this time, whilst reducing the operating leverage in the continuing Group," said Simon Fox, chief executive officer at HMV Group. The Telegraph (London) (27 Jun.)       - Retailers face persistently high prices for natural fibres
Cotton Council International said that the period of inexpensive clothing is likely over as the prices for natural fibres remains stubbornly high due to demand from emerging markets. "Will we continue to see deflation in apparel and home furnishings prices? Probably not. The consumer should not expect to depend on deflation in clothing as we have seen for many years," said Allen Terhaar, an executive director at Cotton Council International. The Independent (London) (27 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. |
 - Analysts say companies should postpone retail demergers
A few UK retailers, including WH Smith and Kesa Electricals, are considering demergers, but analysts said they should shelve the plans until consumer spending recovers. "Disposable income is falling and the high street is struggling," said Kate Calvert, an analyst at Seymour Pierce. "I don't think it will create any value for shareholders at the moment." Bloomberg (26 Jun.) - Brits turn to co-operatives as uncertainty reigns
Consumers in the UK are bolstering the fortunes of co-operatives, such as John Lewis, due to wariness of public companies. "It's a flight to trust. The economy is uncertain and there's more distrust about mainstream businesses," said Ed Mayo, secretary general of research group Co-operatives UK. The Telegraph (London) (27 Jun.)  | 2 Banners That Used Gaming to Drive Engagement
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 - Suning publishes new 10-year strategic plan
Suning, one of the largest home appliance and electronics retailers in China, is planning to open hundreds of new stores each year as it explores markets in America, Europe and Southeast Asia. Suning also plans to ramp up its online platform, which it launched last year. ChinaRetailNews.com (27 Jun.)  | Are your Facebook posts being seen? Not getting the results you want?
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 | Spotlight on Mass Merchandise |  | | | - Wal-Mart says Massmart takeover will lead to 15,000 new jobs
Wal-Mart Stores said that its $2.4 billion takeover of Massmart will result in 15,000 new jobs in South Africa over the next five years. The US-based retailing giant plans to open new stores and invest billions on consumer goods purchases, mostly from local suppliers. "Massmart intends to leverage Wal-Mart's global expertise in working directly with local farmers to encourage the cultivation of safe, high-quality fresh produce," said Massmart CEO Grant Pattison. Bloomberg (26 Jun.), Reuters (26 Jun.) - Carrefour to open 4 stores in United Arab Emirates
Carrefour, the French retailer, is planning to rebrand its portfolio of Express stores in the United Arab Emirates over the next couple of months, according to the company's general manager for the region. "We will be opening four new stores between now and the end of September," said Rose Carbajo, general manager for Carrefour UAE, Qatar, Oman and Kuwait. "They will all be under the brand Carrefour Market, but the sizes will be variable." ArabianBusiness.com (United Arab Emirates) (26 Jun.) - Judge dismisses request to block Fairweather from using Target name
Justice Leonard Mandamin said that Target Corp. did not prove that Fairweather's use of the name "Target Apparel" will cause "irreparable harm" to the US retail chain during the period leading up to the trademark infringement trial. "In my view the issue of control over trade-marks covering the word 'Target' is a matter that must be left for trial," Mandamin wrote. "The outcome of this lawsuit and corresponding counterclaim aside, I have not heard any evidence that Target will be prevented or delayed from opening Target stores in Canada." CBC.ca (Canada)/The Canadian Press (24 Jun.) | NRF News | | | |
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