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   | Global retail industry news |  |
| Global Industry Watch |  |  | | - Sears Canada closures free up space for Nordstrom
Luxury department store chain Nordstrom is reportedly finalizing plans to open its first four stores in Canada, including three in Sears stores that are slated to close this fall. "Some of the fancier stores will find that the competition has heated up," said Toronto retail real estate consultant Hermann Kircher. The Globe and Mail (Toronto) (18 Jul.)      - Heavy June rains dampened UK retail sales
UK retail sales rose 0.1% in June from the month before, as heavy rains slowed sales and the Queen's Diamond Jubilee didn't give retailers the hoped-for boost, according to the Office for National Statistics. Sales were up 1.6% from the same month last year, and apparel and shoe sales rose 2.5% as merchants launched sales they traditionally reserve for July and August. Bloomberg (19 Jul.) - McDonald's turns down Olympic sponsorship tax break
McDonald's publicly stated Wednesday that it won't take advantage of a tax exemption offered to non-UK Olympics sponsors, which was enacted as part of London's bid to win the 2012 Games. Online campaign group 38 Degrees has gathered more than 150,000 signatures on a petition urging international sponsors not to take the tax break; other sponsors including Coca-Cola and Visa haven't yet said whether they'll use the exemption. The Guardian (London) (18 Jul.)  | Any business expanding globally needs to be aware of the complex and oftentimes stringent privacy regulations they'll encounter as they move into new markets. In the EU, for instance, a strict regulatory framework that could spell headaches for U.S. businesses who don't have the facts. Download this FREE eBook to avoid common pitfalls and streamline EU legal compliance. |
 | Retail in Asia | | | | - India's government may relax sourcing rules
India's government may soon relax rules that require single-brand foreign retailers to source 30% of their goods from local producers, largely in an effort to keep IKEA from abandoning plans to open stores in the country, according to analysts and a government official. "The government is in damage control mode. It realises it has sent out a wrong signal by putting the thirty percent sourcing requirement for foreign retailers," said analyst Saloni Nangia. Reuters (19 Jul.) - Is luxury retail cooling off in Asia?
Global luxury brands have seen their fortunes rise in recent years, driven largely by growth in China and European markets that cater to Asian tourists. Now some, including Burberry, Prada and Hermes, may be showing signs of a slowdown as growth in China cools. The Wall Street Journal (18 Jul.) - Adidas to enter about 300 lower-tier cities in China
Sportswear brand Adidas plans to open between 500 and 600 new stores in China this year, entering about 300 lower-tier cities where it doesn't yet have a presence, the company said. "Sports have become more and more popular here. We are optimistic for medium- and long-term development in China," said Colin Currie, managing director of adidas Group China. China Daily (Beijing) (19 Jul.) | E-commerce Spotlight | | | | - Mobile retail leaps ahead in Australia
More than half of Australia's online retailers are now selling via mobile, and it's growing fast in response to consumer demand, according to Forrester Research. The 55% using mobile this year is up from 39% last year and 16% in 2010. Inside Retailing Online (17 Jul.) | Spotlight on Consumer Electronics | | | | - Currys, PC World start selling Google's Nexus 7
Google's Nexus 7 tablet officially went on sale at Currys and PC World stores in the UK Wednesday, the latest Android-powered gadget to have hopes of breaking the iPad's significant hold on the market. The iPad accounted for 69% of tablet sales in the first quarter and 95% of Internet tablet traffic comes from iPads, according to IDC. The Telegraph (London) (18 Jul.) - UK judge orders Apple to say Samsung didn't copy iPad
Apple must publish notices in British newspapers and on its website in the UK to let consumers know that rival Samsung did not copy iPad designs when it created the Galaxy Tablet, a London judge ordered Wednesday. "[The Galaxy tablets] do not have the same understated and extreme simplicity which is possessed by the Apple design. They are not as cool," said Judge Colin Birss, who dismissed Apple's lawsuit on July 9. Mashable (18 Jul.), Bloomberg (18 Jul.) | NRF News | | | | - Contract talks between East, Gulf Coast ports crucial to US economy
A 2002 lockout of West Coast ports severely affected the global supply chain -- and in the current economic climate, a similar scenario could have huge ramifications in the global marketplace. In a letter to the International Longshoremen's Association and the United States Maritime Alliance, NRF President and CEO Matthew Shay stressed that if their contract negotiations slightly falter, a perceived risk of this event reoccurring could stifle global commerce and jeopardize the US economic recovery. Read more.
| SmartQuote | | | |  | A nail is driven out by another nail. Habit is overcome by habit."
--Desiderius Erasmus,
Dutch priest, critic, teacher and theologian  |
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Consumers prefer bonus products and buy-one-get-one-free promotions to discounts and sales, even when the additional product on offer is something they don't need, according to new research in The Journal of Marketing. 
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