  | Global retail industry news |  |
- Saudi retailer plans to open 400 stores
Fawaz Abdulaziz Alhokair, a retailer based in Saudi Arabia, is planning to expand both at home and abroad over the next couple of years. The retailer, which has 1,300 outlets around the world, expects demand in Saudi Arabia to remain robust, according to its leading executive. "The Saudi market has not been affected by the crisis in the past and we don't expect to be affected," said Abdulmajeed Alhokair. "We don't expect a great effect in other countries either." Reuters (24 Oct.)      - Retail Group Gulf starts to withdraw from Dubai
Retail Group Gulf, one of the largest retailers in Saudi Arabia, is exiting Dubai, citing rising rents in leading shopping malls. The company has closed dozens of shops in Dubai and sold many of its franchise agreements. "Basically, given the recent trading over the last few years, the decision was made collectively by the shareholders to exit the market as the leases come to expiry," said Simon Marshall, CEO at Fawaz Alhokair, which has a majority stake in Retail Group Gulf. The National (Abu Dhabi, United Arab Emirates) (25 Oct.) - Ambiance important for department stores, report says
Industry analysts have released a report that stresses the need for department stores to improve their ambiance as they battle online retailers. "Department stores deliver a form of theatre," according to Ross Bird, head of equities strategy at Morningstar. Shops need to employ "lavish displays, glamorous celebrities and live music, or the gentle elegance of soft music and carpets that soothe and cocoon the shopper." The Courier-Mail (Brisbane, Australia) (25 Oct.)  | Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today! |
 - Britain's Peacocks enters Bulgarian market
Peacocks, the UK clothing chain, is opening a store in Sofia's Serdika shopping mall. The retailer said that the move is part of a broader expansion plan for Eastern Europe and the Balkans. Other fashion chains, including New Look and Hennes & Mauritz, are also entering Bulgaria. The Sofia Echo (Bulgaria) (24 Oct.)  | Avoid theft and fraud with Modern Video Security.
Learn how businesses and institutions are preventing loss
and theft by implementing Facial Surveillance, License Plate Recognition, and Advanced Oject Tracking by downloading this Executive Brief from 3VR. |
  | 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. |
 - Karl Lagerfeld to sell "rock chic" brand online
The legendary designer Karl Lagerfeld is developing a new fashion brand called Karl, which will be sold online starting in January. Initially, the "rock chic" brand will be sold exclusively through net-a-porter, but it eventually will have a dedicated website. It will also be sold through selected retailers. CNBC (24 Oct.)  - Wal-Mart responds to shutdown in China by reviewing procedures
Officials in China shut down 13 Wal-Mart outlets in Chongqing for several weeks because the stores mislabeled pork. The situation has prompted Wal-Mart to review its management procedures in China. The US-based retailer is also working to improve its operations in China, according to Del Sloneker, chief operating officer of Wal-Mart China Hypermarket. Bloomberg Businessweek (25 Oct.)  | Logistics is much more than the movement of goods and services. It's also your pre-game strategy. Before you step on the court, you need the right players running the right plays at the right time. Learn more about those key plays in this free whitepaper from UPS and get in the game of logistics. |
 | NRF News |  |  | | - How online shoppers plan to spend for the holidays
"Online shoppers are a generous lot," says Shop.org Head of Research Fiona Swerdlow. "And -- no matter what general economic indicators would have us believe -- this holiday season is no different." In a recent Shop.org blog post, Swerdlow shares all the stats on how online shoppers are expected to shop and spend -- and with what digital device -- this holiday season. Read more.
| SmartQuote | | | |  | Never bend your head. Always hold it high. Look the world straight in the eye."
--Helen Keller,
American author and political activist  |
| | 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.