Thursday, November 10, 2011

Mexico's Calderon announces 4-day retail promotion

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10 November 2011
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Global retail industry news

  Global Industry Watch 
 
  • Canada's Rona reports $50.1 million in quarterly income
    Rona, the Canadian home improvement retailer, posted quarterly profit of $50.1 million despite difficult trading conditions. "In circumstances in which significant economic uncertainty and volatility in financial markets continue to impact consumer confidence and purchase intentions, the results reported by Rona today demonstrate our considerable agility," said Rona CEO Robert Dutton. The Globe and Mail (Toronto)/The Canadian Press (09 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail in Europe 
 
  • Metro reportedly aims to find new CEO before end of year
    Germany's Metro, one of the largest retailers in the world, is working to name a new chief executive officer before the end of the year, sources said. Eckhard Cordes reiterated that he plans to continue as CEO until the company finds a successor. Reuters (09 Nov.) LinkedInFacebookTwitterEmail this Story
Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
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  Retail in Asia 
 
  • Indian retailers enhance customer loyalty programmes
    Shoppers Stop, Future Group, Spencer's Retail and other major retailers in India are trying to make their customer loyalty programmes more attractive by linking up with non-competing companies. The strategic partnerships are meant to give consumers more options for redeeming points. "It's all about earning and burning," said Future Group CEO Kishore Biyani. "Consumers like to collect points and spend them where they want." The Economic Times (India) (09 Nov.) LinkedInFacebookTwitterEmail this Story
  • Wal-Mart starts hiring for Indian innovation lab
    Wal-Mart plans to have its new innovation lab in India running by the end of the year, according to a company executive. "It is not very big, we believe in talent density rather than talent volume. We don't need too many people but we need very very talented people. Our goal is to get 100 people but the really top talented people," said Anand Rajaraman, senior vice president of global e-commerce at Wal-Mart. The Economic Times (India) (09 Nov.) LinkedInFacebookTwitterEmail this Story
Face-to-face business events are proven to increase revenue, especially when held in a creative destination like Orlando. A recent economic impact study showed that for every $1 spent on business travel, companies benefited an average of $12.50 in increased revenue and $3.80 in new profits. Solve your business event needs and increase ROI in Orlando.
  Retail in Latin America 
 
  • Mexico's Calderon announces 4-day retail promotion
    Mexican President Felipe Calderon announced a plan for the country's retailers to offer sales over the weekend of Nov. 18-21. The government is striving to kick-start Mexico's fragile economy. The plan includes offering government employees their year-end bonuses in time for the sales. Reuters (09 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  E-commerce Spotlight 
 
  • Brazilians embrace Internet, but not to buy luxury goods
    About a third of Brazilians have access to the Internet, but few use that access to purchase luxury goods. The country's luxury consumers expect a high level of service and enjoy pampering by salespeople. However, more Brazilians are expected to start buying their luxury goods online. "The market is still very much on the initial phase of development," said Carlos Ferreirinha, founder of the marketing agency MCF Consultoria & Conhecimento. "By 2014 we will have something strong." The New York Times (tiered subscription model) (09 Nov.) LinkedInFacebookTwitterEmail this Story
  • Italy's Yoox reports 20.2% jump in core earnings
    Yoox, the Italian online fashion retailer, expects its revenue to continue to grow in the fourth quarter after seeing strong sales so far this year. "In light of the positive performance of the online retail market and the demand for luxury goods, we are confident that, in the fourth quarter of the year, the group will again achieve net revenue growth in line with market expectations," the company said. Reuters (09 Nov.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Consumer Electronics 
 
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  NRF News 
  • U.S. retail container traffic to decline in November as holiday cargo shipping winds down
    With most holiday season merchandise already on its way to store shelves, import cargo volume at the major U.S. retail container ports has started to decline for the fall, and November is forecast at 1.9% below the same month last year, according to the monthly NRF's Global Port Tracker report. "As always, retailers are being very strategic with their supply chains," NRF vice president for Supply Chain and Customs Policy Jonathan Gold said. "Retailers have a strong understanding of the consumer mindset this Christmas." Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Freedom is man's capacity to take a hand in his own development. It is our capacity to mold ourselves."
--Rollo May,
American psychologist


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