Wednesday, April 25, 2012

Primark pushes on with Europe growth plans

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25 April 2012
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Global retail industry news

  Global Industry Watch 
 
  • Canada's retailers place blame for higher prices
    Canada's retailers shouldn't shoulder all the blame for the fact that consumers there pay more for goods than their US counterparts, according to Retail Council of Canada president Diane Brisebois, who testified before the Senate Tuesday. Outdated import duties imposed by the government and suppliers' practice of charging Canadian retailers up to 50% more than they do in the US are largely behind the higher prices, she said. Canada.com/Postmedia News (24 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Primark pushes on with Europe growth plans
    UK-based cheap-chic fashion retailer Primark, one of the country's few retailers to flourish during the economic downturn, is moving ahead with aggressive Eurozone expansion plans, said parent Associated British Foods. The company reported a 15% jump in revenue in the six months ending March 4, largely fueled by new store openings and strong performance at stores in Spain, Germany, Portugal and the Netherlands. The Telegraph (London) (24 Apr.), The Guardian (London) (24 Apr.) LinkedInFacebookTwitterEmail this Story
  • Primark promises action on fake store in Dubai: UK discount apparel chain Primark plans to fight to close a recently opened copycat store in Dubai, which bears its name and purports to sell its branded goods, the company said. "Primark does not operate any stores there and this is not, therefore, a legitimate Primark store." The National (Abu Dhabi, United Arab Emirates) (25 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Wolverine World Wide teams with Tata to gain India foothold
    Michigan-based footwear and apparel maker Wolverine World Wide has formed a joint venture with Tata International to start selling its products in India, one of three recent deals aimed at boosting the brand's international footprint. "This joint venture model follows the successful strategy of our owned operations in the United States, Canada and much of Europe," said CEO Blake Krueger. MLive.com (Michigan) (free registration) (23 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Latin America 
 
  • Wal-Mart creates new compliance post amid Mexico bribery probe
    Wal-Mart has created a new executive post to oversee the company's compliance with the Foreign Corrupt Practices Act in five global markets. The move comes as part of the retailer's internal investigation into allegations that Walmart de Mexico executives paid more than $24 million in bribes to get stores open faster. Bloomberg (24 Apr.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
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  Technology Solutions 
 
  • Mobile visual search goes global
    Mobile visual search applications that let consumers scan images instead of QR codes to access product information or make a purchase is gaining popularity in Europe, Korea and Argentina. BieMEDIA says it hopes to partner with a U.S. retailer to launch the technology in the U.S. this year. AuctionBytes (23 Apr.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Luxury Goods 
  • LVMH launches Chinese-language luxury site
    French luxury conglomerate LVMH has launched a Chinese-language version of nowness.com, a content site for wealthy consumers that the company debuted in English two years ago. "The new site capitalizes on China's significant position as a growing luxury market and the importance of digital and social media in the region," the company said. The Wall Street Journal (24 Apr.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Brazil and China: The emerging online retail powerhouses
    Take a guess: Which are the five largest markets today in terms of online users? The U.S.? The U.K.? Germany? Actually, try China, in first place with 369 million online users, followed by the U.S. (253 million), then India (133 million), Japan (104 million) and Brazil (91 million). In a BIG Show session on global e-commerce for 2012, retail executives from China, Brazil and Forrester Research shared why the Chinese and Brazilian markets are prime opportunities for retailers looking to expand e-commerce operations. Read more. Shop.org Blog (16 Jan.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
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--Thomas Edison,
American inventor


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