  | Global retail industry news |  |
- Sears Canada CEO maps turnaround strategy
Sears Canada CEO Calvin MacDonald is focused on turning around the struggling retailer with a return to basics that includes boosting sales of appliances, mattresses and other big-ticket items. The former Loblaw executive, who took the post at Sears six months ago, also plans to refurbish stores and fix a pricing strategy that has many shoppers conditioned to buy only when things are on sale. Financial Post (Canada) (06 Dec.), The Globe and Mail (Toronto) (06 Dec.)      - Forever 21 to open 3 stores in China
Los Angeles-based fast-fashion chain Forever 21 will open three stores in China, including a 24,000-square-foot flagship in Beijing's Wangfujing shopping district. The new stores mark the US chain's first foray into China since closing a short-lived underperforming store in Changshu two years ago. Los Angeles Times/Money & Company blog (06 Dec.)  | Large banks declined 9 out of every 10 of small business loan applications over the last year. It's a problem that fundyng.com is here to fix. Get a FREE financial assessment and learn how Fundyng.com can provide your business with up to $250K in 3 days. To qualify, your business must be at least one year old and accept credit cards as a form of payment. |
 - Grocery discounts ease UK inflation in November
Retail inflation in the UK grew at its slowest pace in a year last month as supermarkets launched holiday-season food deals, according to the British Retail Consortium. Lower commodity prices and the government's postponement of a January fuel-tax increase are likely to further ease inflation in the coming months, the BRC said. Reuters (07 Dec.) - PPR's Redcats to sell Somewhere apparel brand
French luxury group PPR's Redcats mail-order division will sell its casual-chic clothing brand Somewhere, which operates 30 stores in France, to a group led by two Redcats executives. In September, PPR postponed a sale of the entire Redcats division because of poor market conditions. Women's Wear Daily (subscription required) (06 Dec.)  | Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today! |
 - Parkson bets on Southeast Asia for future growth
Malaysia-based department store operator Parkson Holdings plans to expand into new Southeast Asian markets including Myanmar, Thailand and the Philippines as it looks beyond China for future growth. The company operates 102 stores in China, Malaysia, Vietnam and Indonesia and plans to open 24 new Asian outlets next year. Bloomberg Businessweek (06 Dec.) - Allen Edmonds to sell American-made shoes in China
Wisconsin-based high-end footwear maker Allen Edmonds will open its first branded store in China next year under a licensing agreement with Shanghai-based Talent Creations, and plans to have up to 10 stores there in the next three years. The company, which operates 37 US retail stores, makes all of its shoes at its factory in Port Washington, Wis. Milwaukee Journal Sentinel (06 Dec.)  | Tokenization is more than a security measure and more than a cost savings technique. It can be used to build your business. This white paper discusses the ways tokens can be used in back-end business operations to develop powerful marketing programs. |
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 | Spotlight on Luxury Goods |  |  | | |  | - MarkaVIP aims to expand luxury deals in UAE
Members-only luxury e-commerce site MarkaVIP has raised $5 million in new funding to expand its offerings in the Middle East. Investors in the site, which launched last year in Jordan, see the upscale online venture as a key first step in introducing consumers in the region to e-commerce. VentureBeat (06 Dec.) - Growing diamond demand to outpace supply
Rapidly rising demand for diamonds from newly affluent consumers in India and China is likely to outpace the world's supply of the precious stones, according to a Bain & Co. report. The report also points to a shifting retail jewellery landscape, with regional and global chains growing, and independent jewellery stores declining in the past decade. The Business Insider (06 Dec.)  | Logistics is much more than the movement of goods and services. It's also your pre-game strategy. Before you step on the court, you need the right players running the right plays at the right time. Learn more about those key plays in this free whitepaper from UPS and get in the game of logistics. |
 | NRF News | |  | | - How The Sports Authority changed the supply chain game
In just 15 months, The Sports Authority has completely transformed its supply chain strategy, team and process to increase efficiency. In a Dec. 8 STORES Knowledge Series webinar, Tony Forde, Sports Authority's senior vice president of supply chain, and Wayne Usie, JDA Software's senior vice president of retail strategy, will share the secrets to Sports Authority's new world of supply chain capabilities. Learn more.
| SmartQuote | | | |  | Ability will never catch up with the demand for it."
--Confucius,
Chinese philosopher  |
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