  | Global retail industry news |  |
- Cushings raise stake in Kirkcaldie & Stains to 17.1%
H&G, the investment arm of the Selwyn and David Cushing family, recently made a couple of purchases of shares in Kirkcaldie & Stains, raising its holding to 17.1%. "We like their assets," David Cushing. "They have some prime Lambton Quay real estate and they're an iconic retailer." Stuff (New Zealand) (30 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. |
 | Retail in Europe |  | | | - Ahold move suggests it plans to accelerate growth
Dutch grocery retailer Ahold appointed James McCann as chief commercial and development officer, a new position. McCann recently left Carrefour. The appointment suggests that Ahold might be preparing to ramp up its expansion efforts. Reuters (30 Jun.) - HMV to move toward more consumer electronics
HMV Group said it plans to stock more consumer electronics and scale back on CDs and DVDs after reporting a "disappointing and unsatisfactory" year. The retailer also plans to expand its live-event business. Bloomberg (30 Jun.) | Retail in Asia | | | | - Banker lauds proposal to partner Brazilian retailers
Jose Carlos Ferraz, executive vice president at state development bank BNDES, said it makes sense to combine Brazil's Grupo Pao de Acucar and the local operations of France's Carrefour. "We see here a beautiful opportunity to create jobs and value, which in the end is our mission," Ferraz said. Reuters (30 Jun.) - Exito plans to sell new shares and weighs stake purchase
Almacenes Exito, the largest publicly traded retailer in Colombia, said it plans to sell new shares to raise as much as $1.4 billion and is considering acquiring holdings in Uruguayan supermarkets. The announcements caused Exito shares to plunge. "Investors with Exito in their portfolio are betting a share issuance would come at a discount," said Angelica Dominguez, an analyst at Bolsa y Renta. Bloomberg (30 Jun.)  | Let Social Media Find Your Staff For You
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 | E-commerce Spotlight | | | | - Chinese police arrest 36 in Alibaba fraud case
Police in China have arrested 36 people accused of running running fraudulent sales scams on business-to-business e-commerce site Alibaba. The suspects allegedly posed as legitimate sellers and collected a total of about $6.6 million without ever shipping any merchandise. Network World (30 Jun.) | Spotlight on Fashion | | | | - Survey: Chinese consumers profess a "love" for clothes shopping
 Americans may have a reputation for being the ultimate consumers, but twice as many Chinese as Americans say they "love" shopping for clothes, according to a recent Harris Interactive poll. Chinese consumers also professed a passion for high-end brands, with 70% saying brand names were an important factor in buying decisions compared with 30% of U.S. respondents. Forbes/ChinaTalk blog (29 Jun.) | NRF News | | | | - NRF accepting Retail Reference Center submissions
 Has your company recently published a white paper, case study, benchmarking report, or other original document that serves to educate or support aspects of the retail industry? Members can submit content to the Retail Reference Center, which serves as a free resource for the industry. Submit your paper for peer-reviewed status and gain added credibility. Learn more.
| Editor's Note | | | | - SmartBrief will not be published Monday
In observance of Independence Day in the US, SmartBrief will not be published Monday, 4 July. Publication will resume on Tuesday, 5 July. | SmartQuote | | | |  | Liberty is always dangerous, but it is the safest thing we have."
--Harry Emerson Fosdick,
American clergyman,
quoted for US Independence Day, 4 July, 2011  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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