  | Global retail industry news |  |
- Retail sales growth in Canada likely slower than in US
Retail sales in Canada are projected to grow 2.5% in November and December, while sales in the U.S. are expected to expand 5%. "Consumer spending after inflation in Canada has downshifted quite meaningfully from a year ago and is running weaker than the U.S. pace," said Sal Guatieri, vice president and senior economist at BMO Capital Markets. Financial Post (Canada) (14 Nov.)       | 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. |
 - UK's Hot Tuna plans to sell namesake brand
Hot Tuna, the British surf wear company, is interested in expanding, but has struggled to raise funds. "In light of current trading being below budget ... it would be difficult for the company to raise new investment from existing shareholders for the development and promotion of the Hot Tuna brand," the company said. Therefore, the retailer has decided to sell its namesake brand. Reuters (14 Nov.) - Benetton says high material costs hurt quarterly profit
Benetton Group, the Italian clothing manufacturer and retailer, reported a drop in third-quarter profit, citing climbing costs of raw materials and lower revenue. Raw material costs "will remain well above the historic average and will therefore continue to impact on margins in coming quarters," the company said. MarketWatch (14 Nov.) - Burberry posts 26% surge in first-half profit
Burberry, the UK-based luxury goods group, said higher tourist spending around the globe helped drive up first-half profit 26%. The company maintained its growth targets amid uncertain trading conditions. "We remain mindful of, and prepared to react to, any local or global uncertainties," according to Burberry. Reuters (15 Nov.)  | 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! |
 - Retail rents in Asia-Pacific region climb
CBRE Group said that global banks' demand for retail property in the Asia-Pacific region helped drive up rents in the third quarter. "Prime locations remain keenly sought after by international luxury and fast fashion retailers, either looking to expand or enter the region for the first time," according to Josh Loudon, regional director for retail services at CBRE. Bloomberg (15 Nov.) - Aditya Birla to expand hypermarkets and supermarkets
India's Aditya Birla Retail plans to launch about a dozen More Megastore hypermarkets annually as well as opening about 150 outlets annually to its More supermarket chain. "We will open 12-13 hypermarkets and around 150 supermarkets every year for the next five years. For the current fiscal, we have earmarked an investment Rs 300 crore. There will be similar kind of investment each year for the next five years," said Thomas Varghese, chief executive officer at Aditya Birla Retail. The Hindu Business Line (India) (15 Nov.)  | 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 too soon to focus. Download Akamai's Holiday Toolkit now! |
 - China's online shoppers may surpass US by 2015
Online retail in China is growing fast and is on track to reach about $315 billion by 2015, making it larger than e-commerce in the US, according to Boston Consulting Group. The study also found that Chinese consumers are more likely than shoppers in other global markets to use social networks and product review sites in researching a purchase. Los Angeles Times/Technology blog (11 Nov.)  | What's a good health plan for small businesses? There are a number of factors to consider to find a good fit, and making a decision is filled with trade-offs and compromise to balance your cost and the benefits you get for your employees. Download this complimentary whitepaper to begin the evaluation process now! |
  | Power your connections and turn fans into real connections when you run technology powered by Buddy Media. Now learn how to drive results with your social posting. Download Buddy Media's free guide for Successful Retail Social Posting |
 | NRF News |  |  | | - How to leverage mobile and social applications in-store
Retailers looking to provide a more engaging experience for shoppers should look no further than the device shoppers carry in their hands. In a Nov. 17 STORES Knowledge series webinar, Sucharita Mulpuru of Forrester Research and Gev Satarawalla of Criti will share key insights on current trends in retail mobile and social media initiatives, how to measure ROI in the mobile and social space, and relevant ways to include social and local contexts to mobile-enabled shoppers. Register or learn more.
| SmartQuote | | | |  | One cool judgment is worth a dozen hasty councils. The thing to do is to supply light and not heat."
--Woodrow Wilson,
28th U.S. president  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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