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  | Global retail industry news |  |
- Dubai Holding plans significant presence in Abu Dhabi mall
Dubai Holding Group, the company behind Gerard Darel, Promod and Zara in Abu Dhabi, is planning to open 11 stores in the Yas Mall in Abu Dhabi when it opens in a couple of years. "We are not one of the big machines. We are a small retailer but we have part of the market and we like to compete. You don't necessarily have to be a big fish to compete," according to Jean-Michel Bolly, the group retail manager. The National (Abu Dhabi, United Arab Emirates) (11 Oct.)      - HMV Canada looks into launching digital music service
HMV Canada, which has faced its share of struggles recently, has reported an increase in sales after altering its pricing structure. The retailer is considering launching a subscription-based digital music service and moving into movie rentals. HMV President Nick Williams noted that there is a gap in the market since the bankruptcy filing by Blockbuster Canada. The Toronto Star (10 Oct.)  | Move beyond credit risk defense. Gain the power to grow with BusinessIQ℠. For a limited time, you can see the benefits of Experian business information for yourself with a 30 day free trial* of our commercial credit reports and scores – with no strings attached. |
 - Casino's quarterly sales expected to outshine Carrefour's
Carrefour and Casino are both struggling in their home market, France, as consumers rein in spending. However, Casino's third-quarter sales are expected to overshadow those of its larger rival, which is suffering more. "Carrefour's Q3 update should confirm the obvious demand challenges in discretionary spending areas, while competitive pressures remain at historic highs in France," according to Jefferies analysts. Reuters (10 Oct.) - Metro expected to look within for specialist to succeed Cordes
Metro is expected to find a successor to outgoing CEO Eckhard Cordes from within its ranks to ensure that the German retailer's restructuring plan remains on track. Cordes recently said he does not plan to seek a contract renewal because he doesn't feel he has the support to stay. His contract ends in October 2012. Reuters (10 Oct.)  | Improve Holiday Sales Results with Tools from Akamai!
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 - Chinese shoppers visit Hong Kong to get best value
Retail sales in Hong Kong are up 26% in the first eight months of the year, thanks largely to mainland Chinese tourists. Many Chinese consumers prefer to shop in Hong Kong for everything from luxury goods to staples because the city is known for having higher-quality products and lower prices. Bloomberg Businessweek (10 Oct.)  | Let Social Media Find Your Staff For You
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 - Alibaba reportedly interested in buying back Yahoo!'s stake
Alibaba Group Holding is trying to get funding from Singapore's Temasek Holdings to buy back the 40% stake in itself owned by Yahoo!, sources said. Temasek is said to be considering funding an offer in exchange for a larger holding in Alibaba Group. Yahoo!'s holding in Alibaba is worth an estimated $13 billion. Bloomberg (10 Oct.)  - Australia looks into purchasing power of supermarkets
The Australian Competition and Consumer Commission is watching the purchasing power of Coles and Woolworths for potential anti-competitive behaviour. "Many smaller suppliers to the supermarkets feel they lack a real ability to negotiate supply arrangements. The ACCC can and will watch closely to ensure any such dealings do not involve unconscionable conduct by the supermarkets," said Rod Sims, chairman of the ACCC. The Sydney Morning Herald (Australia) (11 Oct.)  | Are spreadsheets at the center of your period-end close? In 2005, the Canadian company, TransAlta suffered from a $24 million charge after a bidding mistake was caused by a cut-and-paste mishap in a spreadsheet. Don’t let this be you! Download this eBook to learn how injecting automation into your close process can help you steer clear of costly mistakes. |
 | NRF News |  |  | | - 5 steps to becoming an effective cross channel marketer -- quickly
With so many paths to purchase, retailers are constantly challenged to understand a changing consumer buying process and to reach consumers with targeted messages in a dynamic cross-channel marketing environment. In an Oct. 13 STORES Knowledge series webinar, executives from iStream Inc. and Monitor Group will share how consumers utilize various channels along their pathways to purchase, loyalty and advocacy. This webinar will also examine how data can be translated into actionable campaigns that get results. Learn more.
| SmartQuote | | | |  | The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
--George Bernard Shaw,
Irish playwright  |
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