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  | Global retail industry news |  |
- Dollarama tests new products at higher prices
Canadian dollar store Dollarama has seen success with sales of items priced at $2, and now the chain plans to test sales of even pricier products. The chain will start this summer with a few dozen products priced at $2.50 and $3. "It's just nibbling, to see if we can satisfy more customers with the same shopping experience," said CEO Larry Rossy. The Globe and Mail (Toronto) (13 Jun.)      - New debit-card program would make cross-border shopping easier
Merchants in northwest Washington state are collaborating on a program to begin accepting Canadian debit cards, as part of a push to attract more customers from across the border in British Columbia. "We continue to make changes so that [Canadians] can do a number of different things," said Ken Oplinger, president of the Bellingham-Whatcom Chamber of Commerce. CBC.ca (Canada) (12 Jun.)  | Download Forrester Research, Inc.'s April 2012 report: SMB eCommerce Solutions 2012, A Guide To Selecting Your eCommerce Solution, and learn which SMB eCommerce solution you should consider for your business. Click here for your complimentary copy. |
 - LVMH seals deal to buy storied French menswear brand
LVMH Moët Hennessy Louis Vuitton reportedly will acquire Arnys, a Paris-based menswear seller with a boutique in a coveted spot on the Left Bank. Arnys is a third-generation family business known for outfitting celebrities and artists including Picasso and Hemingway. Women's Wear Daily (subscription required) (13 Jun.) - Starbucks sees sluggish sales in Europe
Starbucks is struggling in Europe amid an economic downturn, CFO Troy Alstead said this week. Same-store sales in the division that includes Europe were down 1% in the most recent quarter. "We continue to struggle from macro challenges in Europe. This was true in the first quarter, it was profoundly true in the second quarter, and it's even more than expected in the third quarter." The Wall Street Journal (12 Jun.)  | Considering outsourcing key HR functions? Examine data from nearly 170 small to mid-size companies and get quantitative data to support the validity of how outsourcing these functions can produce positive business results. Get the free report now! |
 - Esprit chairman resigns 1 day after CEO
Esprit Holdings chairman Hans-Joachim Körber resigned Wednesday, one day after CEO Ronald van der Vis said he would leave the struggling fashion retailer. The Hong Kong-based company has struggled against trendier rivals including H&M and Zara in recent years and is now contending with the downturn in Europe, which accounts for 80% of its sales. The Wall Street Journal (13 Jun.)  | Where Government Actions Meet Business Decisions.
Understand the impact of legislative, regulatory and spending actions on your business with an online tool featuring customized government-related data, news and analysis.
Visit bgov.com/SeeTheImpact for more information. |
 - Harrods revamps e-commerce site design, content
Luxury UK department store Harrods has retooled its online retail site with a more interactive design and a richer cache of content aimed at helping shoppers make the best buying decisions. "The goal is to engage customers by bringing them into an exciting space where they can easily find what they like and actually do something with the products," said Adriana Estrada of Siegel+Gale. Luxury Daily (13 Jun.)  | Over 1,700 CMOs shared their insights on the fundamental shifts transforming business and the world. Find out how they are striking a better balance between investing in solutions that drive efficiency and those that improve decision making, foster collaboration,and enhance customer relationships. Download the free CMO Study! |
 | Spotlight on Consumer Electronics |  |  | | |  |  | RadioShack has a global presence and a variety of innovative products and services. With reasonable investment levels and hundreds of potential markets, a RadioShack franchise represents an exciting opportunity for you to associate with a powerful retail brand. Click here to learn more. |
 | NRF News | |  | | - US retail container traffic to rise 4.8% in June
Supported by 22 straight months of year-over-year sales increases and the summer shopping season ahead, retailers are beginning to build up their inventories. According to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates, U.S. ports are expected to increase 4.8% in June compared with the same month last year, and year-over-year increases are expected to continue into the holiday season shipping cycle. Read more.
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