Tuesday, July 19, 2011

Ireland's Musgrave agrees to acquire Superquinn

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19 July 2011
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Global retail industry news

  Global Industry Watch 
 
  • Canada's Second Cup Coffee to open outlets in Morocco
    Canadian coffee retailer Second Cup Coffee Company is pursuing global expansion plans, which includes Morocco. The company is planning to open four of 20 coffee cafes in the North African country soon with regional franchise partner Groupe Amarg. "Second Cup believes that having strong local owners as operators is instrumental to delivering a superior guest-experience," said Jim Ragas, president of Second Cup International. Drinks Business Review (19 Jul.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • UK retailers want to bring back recommended retail prices
    UK retailers have been prohibited from listing a "recommended retail price" on electrical goods and appliances for the past 13 years. The Office of Fair Trading is now suggesting that the rule be dropped, a move supported by independent electrical retailers. "I think it would help the high street," said Jason Bigwa, director at RGB. "For the retailer an RRP would set a benchmark, and the consumers would be able to tell how big a discount they are getting." The Telegraph (London) (19 Jul.) LinkedInFacebookTwitterEmail this Story
  • Mulberry is best-performing fashion retail stock
    The UK luxury-handbag maker Mulberry Group has emerged as the top fashion retail stock in the world, and analysts say that overseas growth is driving the company's sales increases. In the past 12 months, Mulberry's stock has soared 526%. Bloomberg (18 Jul.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • China orders DaVinci to stop selling Cappalletti brand
    Authorities in China have ordered DaVinci Furniture to terminate sales of the Cappalletti brand due to claims that the furniture was Italian-made when really it was manufactured in China. The retailer was also said to be advertising furniture as being made of solid wood when it was really made of high density fiberboards or melamine. Furniture Today (18 Jul.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
  • Insiders raise concerns about online retail bubble in India
    K Vaitheeswaran has spent the past 15 years building his e-commerce startups in India, but now that the sector has started to take off, he's concerned about the possibility that a bubble is forming. "There is hype now for topline growth with no thought of making money. My worry is that the lessons of the previous dotcom crash have not been learnt," said Vaitheeswaran, the founder of India Plaza. The Economic Times (India) (19 Jul.) LinkedInFacebookTwitterEmail this Story
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  Technology Solutions 
  • Ireland's Centra to adopt "contactless payments"
    Centra, the Irish convenience store chain, is planning to offer its customers "contactless payments" when compatible Visa debit cards launch later this year. The technology allows consumers to quickly make purchases of €15 or less by swiping their debit card in front of a compatible terminal. TechCentral.ie (Ireland) (18 Jul.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Ireland's Musgrave agrees to acquire Superquinn
    One day after Superquinn was placed into receivership, Musgrave Group has stepped in to take over the Irish supermarket operator. Musgrave said it plans to maintain the retailer's staff of 2,800 employees at 23 stores. Superquinn had been placed into receivership after building up €400 million in debt. Reuters (19 Jul.), The Irish Times (Dublin) (19 Jul.), Reuters (18 Jul.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Rethink your global supply chain
    Never before have retailers faced such intense pressure to drive down labor and production costs and drive up product quality and turnaround. In a July 28 STORES Knowledge Series webinar, Darin Cooprider, vice president of Ryder Supply Chain Solutions, will share tips and tactics for properly managing a global supply chain through simplifying international shipping, eliminating common roadblocks, and ensuring on-time deliveries. Learn more. LinkedInFacebookTwitterEmail this Story
 
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