Tuesday, December 27, 2011

Canadian retailers take aim at Target

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27 December 2011
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Global retail industry news

  Global Industry Watch 
 
  • Canadian retailers take aim at Target
    Discount retailers including Wal-Mart Canada and Dollarama and department store chains such as Sears Canada expect to launch new discounts and beef up specialty departments to shore up their customer bases before Target enters the market in 2013. "They all have 2012 to prepare and get their house in order. It's really going to change the retail landscape," said retail consultant Alex Arifuzzaman. The Globe and Mail (Toronto) (26 Dec.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • London stores bustle on Boxing Day, despite subway strike
    Striking London subway drivers didn't deter crowds from showing up and spending at the city's stores the day after Christmas. Retailers across the UK reported record crowds and merchants in London's West End took in about £15m in the first three hours of the morning. Bloomberg (26 Dec.), BBC (26 Dec.) LinkedInFacebookTwitterEmail this Story
  • McDonald's drives traffic with free Wi-Fi
    About 750,000 consumers now use free Wi-Fi at McDonald's UK restaurants, and the amount of data they download daily has doubled this year, the company says. The perk is designed to encourage McDonald's customers to linger longer and spend more while they're in the restaurant. Forbes (26 Dec.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Seven & I to beef up online division
    Japan-based Seven & I will spend 10 million yen to build its first online distribution center and consolidate three of its e-commerce segments into a one-stop shopping site called Seven Net Shopping. In addition to aiming to boost online sales, the company will use customer-trend data from online operations to improve merchandising efforts in its brick-and-mortar stores. Reuters (26 Dec.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  E-commerce Spotlight 
 
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  Technology Solutions 
 
  • Former M&S chief Sir Stuart Rose goes mobile
    A year after leaving the CEO post at Marks & Spencer, Sir Stuart Rose is now focused on the mobile side of retail as non-executive chairman of Mobile Money Network, whose SimplyTap application lets mobile users buy products by pointing their phones at ads and brochures. "Those that have given consumers what they want, where they want it, when they want it will survive," he says in this interview on mobile's role in the future of retail. Brand Republic (U.K.) (23 Dec.) LinkedInFacebookTwitterEmail this Story
 
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  Spotlight on Grocery 
 
  • UK supermarkets plan thousands of new stores
    Supermarket chains have ambitious plans to expand their stores throughout Britain in the coming years, according to a new report, as officials in struggling communities grow more likely to approve development plans that will bring revenue and jobs. Grocers have plans to increase floor space by about 50%, with new stores in Scotland, the northwest, Yorkshire, the West Midlands, greater London and the east of England. The Guardian (London) (21 Dec.) LinkedInFacebookTwitterEmail this Story
  • Ramayana may look to partner to boost grocery business
    Indonesian retail chain PT Ramayana Lestari Sentosa is reportedly looking to partner with an overseas supermarket company to boost its grocery sales. Ramayana is Indonesia's second-most profitable retailer, but its supermarket sales are struggling amid increased competition and a limited distribution system. Bloomberg Businessweek (27 Dec.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • 5 reasons to monitor competitors' pricing
    Understanding one's retail competitors requires regular and accurate pricing, promotion, and assortment monitoring. In a recent addition to the Shop.org white paper library, executives from Ugam Interactive outline how to monitor competitors most effectively, including instituting reporting regularity, understanding the frequency, depth and length of competitors' promotions, reviewing historical data in order to forecast future pricing moves, and selecting the right tools to gather and analyze the data. Download the white paper. LinkedInFacebookTwitterEmail this Story
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