   | Global retail industry news |  |
- Shares in Kenya's Uchumi Supermarkets rise
Uchumi Supermarkets of Kenya resumed trading several months ago following a five-year suspension. Shares in the retailer rose for the first day as sell-offs eased. "We have seen the tail-end of the selling pressure of the people who are selling after holding the stock for so long," said Aly-Khan Satchu, chief executive officer of Rich Management. Bloomberg Businessweek (11 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. |
 - Asda CEO Clarke touts retailer's own-label products
Andy Clarke, chief executive officer at Asda, said the company' own-label products have outperformed those of rival J Sainsbury. "For the first time in our history, our private-label market share is ahead" of Sainsbury, Clarke said. "And we're only building on that momentum." Bloomberg (11 Oct.)  - Hedge fund boosts stake in Esprit, giving shares a lift
Esprit Holdings shares jumped 12% in Hong Kong after Lone Pine Capital became the retailer's second-largest shareholder by increasing its stake. "The stake increase by the hedge fund is certainly a factor driving the share price," said Kenny Tang, an analyst at AMTD Financial Planning. "It may spur the idea that further purchases could be on the way." Bloomberg Businessweek (11 Oct.)  | Improve Holiday Sales Results with Tools from Akamai!
Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never to soon to focus. Download Akamai's Holiday Toolkit now! |
 - Retail sales in Brazil fell 0.4% in August
Brazil's retail sales dropped 0.4% in August, exceeding the median forecast of economists. However, sales were up 6.2% over August 2010, according to the national statistics agency. "You have this sense that domestic demand is finally weakening, and we still don't have the impact of the crisis in this number," said Enestor Dos Santos, a senior Brazil economist at BBVA. "It's consistent with the central bank's view that the economy is moderating, and it's going to get worse." Bloomberg (11 Oct.)  | The X-ray Inspection Guide - Building an Effective Program
This comprehensive guide for food and pharmaceutical manufacturers explains everything you need to know about developing an effective x-ray inspection program to detect contaminants and monitor product quality, including choosing and installing an x-ray system. Get your free copy now! |
 - China's Jingdong Mall plans to ramp up hiring
Jingdong Mall, one of China's leading online retailers, plans to hire about 20,000 new employees next year as it expands. "With the rapid development of the business, Jingdong Mall is looking to expand its talent pool," according to a statement from the retailer. The company is also planning to raise up to $5 billion through an initial public offering. The Economic Times (India)/Reuters (11 Oct.)  | Spotlight on Luxury Goods |  |  | | |  | - Luxury brands enter India's smaller towns, report says
About a quarter of all luxury stores in India are located outside its major cities of Bangalore, Delhi and Mumbai, according to a report by CII-AT Kearney. Luxury retailers are keen to enter India's market, which is growing rapidly and is expected to hit $5.8 billion this year. "The next couple of years are going to be the most fascinating times for the luxury industry here," said Burberry CEO Angela Ahrendts. The Economic Times (India) (12 Oct.)  | Enterprise Resource Planning automates many aspects of an organization's operations, cascading across traditional boundaries of operations, finance, manufacturing and more. As such, changes in the ERP market can cause a ripple effect in your business. Get ahead of the changing tide and trends by downloading this free whitepaper. |
 | NRF News | |  | | - President Bill Clinton to speak at Retail's BIG Show in January
NRF announced today that former President Bill Clinton will deliver a keynote address Jan. 16 at NRF's Annual Convention in New York. Founder of the William J. Clinton Foundation and 42nd president of the United States, former President Clinton will speak on "Embracing our Common Humanity." Attendees can save $350 on registration for Retail's BIG Show by registering before Oct. 15. Read more.
| SmartQuote | | | |  | Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it."
--Johann Wolfgang von Goethe,
German writer and scientist  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.