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  | Global retail industry news |  |
- Germany's Joh. A. Benckiser to pay $1 billion for Peet's
Closely held Germany holding company Joh. A. Benckiser will acquire US-based Peet's Coffee for $73.50 per share or about $1 billion, the company said Monday. Peet's was founded in Berkeley, Calif., five years before Starbucks and was later acquired by Starbucks co-founder Gerald Baldwin, who served as CEO for 23 years. Bloomberg Businessweek (23 Jul.)       | Scan as fast as you work. Scan as fast as 60 pages per minute with the new Canon DR-M160 and increase your productivity with a bigger daily scan volume of up to 7,000 pages. The document quality is improved with a scan resolution as high as 600 DPI.
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  | Retail in Europe |  |  | | - Mall developer moves ahead with UK, France growth plans
Hammerson is moving ahead with plans for new shopping centers in the UK and France, despite economic uncertainty, and has signed John Lewis as an anchor for a planned mall in Leeds, the company said. Hammerson, which sold its office building portfolio last month for £518m to Canada's Brookfield, also said it has seen occupancy rates at its retail properties rise to 97.5%. The Guardian (London) (23 Jul.) - M&S opens shop in Kazakhstan's financial centre
UK retailer Marks & Spencer has opened a three-story store in Almaty, Kazakhstan, in a revamped retail centre that's also home to other foreign brands including Gap and Zara. The retailer operates about 390 international stores in Europe, Asia and the Middle East, including more than 40 locations in Russia and the Ukraine. The Telegraph (London) (23 Jul.) | Retail in Asia | | | | - Max Mara's new Hong Kong flagship marks renewed China growth
Italy's Max Mara Group began opening stores in China 34 years ago and today operates more than 300 shops there, but the fashion brand recently began stepping up its expansion efforts and this week held a splashy fashion show to mark the debut of its new Hong Kong flagship. "We have seen an average of 30 percent growth per year in a market that is greatly relevant for us," said chairman Luigi Maramotti. Women's Wear Daily (subscription required) (23 Jul.) - How H&M is changing for China
Sweden-based H&M looks to China marketing manager Vivian Chen when it comes to adapting its merchandise mix for the fast-growing market, where the new generation of young adults has more fashion savvy and disposable income than those who came before. "The trend is clear: Fast fashion will dominate the retail fashion market in the next five years, gradually changing consumers' consumption behavior," she said. Advertising Age (tiered subscription model) (23 Jul.) - Europe's retailers find their way on social sites
About 64% of UK retailers are using social media sites such as Twitter and Facebook to market their brands and interact with customers, but many are still experimenting with the best ways to use social media to boost business. "We have nearly 40,000 'Likes' on Facebook, but it is difficult to quantify what that means for sales," says Joanna Robb, head of multichannel development and strategy at B&Q. Internet Retailer (23 Jul.)  | 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! |
 | Technology Solutions | | | | - Redbox aims to own Canada's DVD rental market
DVD-rental kiosk operator Redbox began its nationwide rollout in Canada last month and aims to have at least 2,500 vending machines up and running there by the end of next year. The aggressive growth comes as online providers including Netflix and iTunes are slow to offer streaming replacements after the closures of Blockbuster and Rogers Video stores. Canadian Business (23 Jul.) | Spotlight on Grocery | | | | - Tesco gets aggressive with petrol promotion
Tesco is ramping up a discount program that ties petrol prices to grocery purchases, offering up to 50% off per liter with the purchase of specific food items including Heinz Tomato Ketchup and Andrex toilet paper. The promotion, which runs until Aug. 1, gives customers a chance to buy fuel at 2008 prices, the company says. The Grocer (U.K.) (23 Jul.) - EU objects to Food Safety Modernization Act provisions
The EU has objections to portions of the US Food Safety Modernization Act that would have the US government reaching out to individual companies instead of enforcing the rules on a government-to-government basis. "Our concern is about duplication of controls," said EU food safety official Carlos Alvarez Antolinez. FoodSafetyNews.com (24 Jul.) | NRF News | | | | - Cargo at rest is cargo at risk: Tips for minimizing theft
The FBI estimates cargo theft can be as high as a $30 billion problem for retailers every year. So how can retailers get out in front of this growing problem? In a breakout session at NRF's Loss Prevention Conference, Con-way's Chris Zook joined law enforcement officials from the Shelby County Sheriff's Office, who unveiled how the two organizations partnered to uncover the crime rings responsible for high-value thefts. Read more. Retail's BIG Blog (20 Jun.)
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