   | Global retail industry news |  |
- Hudson's Bay to close 64 remaining Zellers stores
Hudson's Bay said Thursday it will close the 64 Zellers stores that were not acquired by Target last year, with most ending their run by next March. Zellers, one of Canada's last remaining big box discount stores, has seen its sales suffer as US chains including Wal-Mart expanded their market share. The Globe and Mail (Toronto) (26 Jul.)      - Can Canada's economy sustain US-style outlet malls?
RioCan REIT has teamed with Tanger Factory Outlet Centers to open one of Canada's first US-style factory outlet malls next year, with the partners and other developers looking to open about 15 outlet centers in the coming years. The developers hope to capitalize on Canadian's proven hunger for outlet malls, but some industry watchers wonder whether the already cooling economy will be able to support the growth. Financial Post (Canada)/Reuters (25 Jul.) - Coles' cheery year-end results beat rival Woolworths
Sales for the year ended June 30 rose 6.1% at Wesfarmers-owned Coles supermarket division, beating a 3.8% rise for rival Woolworths, the company reported Thursday. The chain cut prices during the period, but higher traffic counts and bigger baskets more than made up the difference, said managing director Richard Goyder. Inside Retailing Online (26 Jul.)  | The State of Customer Data Integration in 2012: Industry Report
This free report from Scribe Software covers the What, Why & How of CRM Integration. In this report learn how customer data integration can play a critical role in addressing operational challenges in sales, marketing and customer service. Download the free report now. |
  | Discover Orlando's Dining & Entertainment Districts
From culinary hotspots to energetic nightlife, Orlando makes business trips more rewarding. Boasting six diverse dining and entertainment districts, Orlando provides an atmosphere that's unique and sophisticated for business dinners, networking and team interaction. Find out how business events are just the beginning at OrlandoDistricts.com. |
 - Trade minister: India won't back off retail sector reform
India won't reverse itself on a commitment to open the retail sector to foreign ownership by multi-brand retailers, Trade Minister Anand Sharma said Thursday, while declining to say when the new policies would take effect. "It is being held in abeyance, it is on pause button... But it is a political call. We want to do this and I am not the only one." Reuters (26 Jul.)  | Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here. |
 | E-commerce Spotlight |  |  | | - Report: Online shoppers spend more time with pricey products
Consumers in the US and Europe dwell longer on product pages when they're shopping for computers, mobile devices and other pricier items, according to Rakuten. Additionally, peak online shopping times vary widely by country, the report says. "These findings demonstrate how e-commerce has become a part of our everyday lives, making retail more pervasive than it has ever been," says Rakuten's Play.com marketing director Adam Stewart. M&M Global (26 Jul.) | Spotlight on Fashion | | | | - Citizens of the world chime in on Olympic fashion statements
Americans may have voiced the loudest complaints about the made-in-China uniforms their Olympic team will wear in the opening ceremonies, but some other countries are just as critical about their own teams' styles. Others are happier about the chosen looks, including France, where the house of Hermes outfitted the equestrian team, this story says. Pittsburgh Post-Gazette (24 Jul.) - Moncler continues US expansion with new L.A., Miami stores
Milan-based fashion brand Moncler will open stores in upscale shopping areas in Miami and Los Angeles this month, expanding its US presence beyond existing locations in New York, Chicago and Aspen. "With the opening of the Los Angeles and Miami stores, both cosmopolitan cities, Moncler also continues to significantly enhance its visibility and international image," said Remo Ruffini, president and creative director. Women's Wear Daily (subscription required) (23 Jul.) | NRF News | | | | - Register today to secure the lowest rate for Retail's BIG Show
The NRF Annual Convention & EXPO earned the nickname "Retail's BIG Show" because it attracts the biggest crowd, the hottest companies, and the best minds in the industry from across the globe. With more than 25,000 attending last year, the event is a can't-miss in 2013. Register for next year's show, held 13-16 Jan. in New York City, by 10 Aug. and save $450. Learn more or register.
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