Tuesday, November 22, 2011

Canadian retailers offer their own Black Friday deals

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22 November 2011
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  Global Industry Watch 
 
  • Canadian retailers offer their own Black Friday deals
    Canadian retailers are striving to keep consumers from heading to the US by offering their own Black Friday deals and promotions. "I would say probably five years ago we didn't hear as much about Black Friday. In the last five years it's become a date that Canadian retailers can't ignore," said Vince Power, a spokesman for Sears Canada. The Toronto Star (21 Nov.) LinkedInFacebookTwitterEmail this Story
  • Australian stores object to timing of new tobacco laws
    Convenience store retailers in Australia are disappointed that they won't have additional time to sell old stock before the country's new tobacco labeling laws go into effect. "The timeline for the introduction of plain packaging substantially misjudges the nature of convenience stores and the retail environment in general," said Jeff Rogut, general director of the Australasian Association of Convenience Stores. "Convenience stores risk losing thousands of dollars worth of inventory given [that] the window to trade through stock with obsolete packaging is just eight weeks." Inside Retailing Online (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Shareholders consider replacing Olofsson as Carrefour CEO
    Groupe Arnault and Colony Capital, Carrefour's largest shareholders, are reportedly weighing the idea of replacing Lars Olofsson as chairman and chief executive officer. The shareholders own a combined 16.15% of the French retailing giant and more than 22% of the voting rights. Bloomberg (20 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
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  E-commerce Spotlight 
 
  • Apple emerges as second-most-visited retail site in UK
    Apple overtook Argos to become the second-most-visited e-commerce site in Britain last month, according to the Hot Shops list. Amazon UK remains the most-visited site. "Amazon UK and Apple are now the two biggest brands in online retail, and this Christmas they will go head-to-head in the gadget wars as the Amazon Kindle contends with the Apple iPad," said James Murray, marketing research analyst at Experian Hitwise. "Our data shows that iPad is the more popular gadget online but the Kindle's lower price point may entice shoppers this Christmas." InternetRetailing.net (21 Nov.) LinkedInFacebookTwitterEmail this Story
  • Russia's Ozon works to reach $1 billion in sales by 2016
    Russia's Ozon.ru has an ambitious plan to expand its distribution network, with 3,000 additional pickup sites by the end of 2013. The online retailer aims to hit $1 billion in sales by 2016. The company raised $100 million in expansion funding in September from investors including Japan's Rakuten. Bloomberg (18 Nov.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Grocery 
 
  • Ahold CEO Boer outlines plans to reverse slowing sales growth
    Dick Boer, chief executive officer at Royal Ahold, is working to turn around the Dutch retailer's slower sales growth by bolstering its online operations, adding convenience stores and expanding in Belgium. Ahold also plans to reduce expenses by €350 million over the next three years. Bloomberg (21 Nov.) LinkedInFacebookTwitterEmail this Story
  • Heinz CEO takes aim at private-label goods in Australia
    William Johnson, president, chairman and CEO at HJ Heinz, is blasting major Australian retailers for flooding the market with their private-label products. "The reality on Australia [is that it has] almost come to the point that it's ... immaterial to us going forward because it has taken such a hit," Johnson said. "We are confronting a combination of weak categories, relentless promotional pressure and growing private label, as well as executional issues." The Sydney Morning Herald (Australia) (22 Nov.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • US online retailers to extend Cyber Monday, holiday promotions this year
    As online shopping continues to reach unprecedented levels, US retailers plan to emphasize value and savings to their shoppers all holiday season long. According to Shop.org's eHoliday survey, more than 90% of online merchants will offer special promotions during the Thanksgiving weekend. "As a direct result of increased demand, online retailers will offer hard-to-pass-up deals to shoppers all season long -- before, on and after Cyber Monday," said Shop.org Executive Director Vicki Cantrell. Promotions are expected to run the gamut from coupons and percent off deals to free gifts with purchase. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Be vigilant, for nothing one achieves lasts forever."
--Tahar Ben Jelloun,
Moroccan poet and writer


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