Canada's luxury retail space proves a relative bargain

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11 July 2012 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Couche-Tard on track to grow in Europe, N. America Canada-based convenience store operator Alimentation Couche-Tard booked big increases in its fourth-quarter and full year sales and earnings on Tuesday. The company, which operates brands including Mac's, Circle K and On the Run, says the acquisition of Norwegian energy retailer Statoil Fuel & Retail positions Couche-Tard to expand rapidly in Europe as well as at home. Canadian Business (10 Jul.)      Top 5 HR Compliance Concerns for Small Business Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issues — regulatory compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues.   Retail in Europe    The task for Marks & Spencer's new retail guru Marks & Spencer turned to 25-year retail veteran Belinda Earl to fill its newly created style director post this week. Earl's career includes a stint running Debenhams and, more recently, attempts to turn around iconic luxury brands Aquascutum and Jaeger. Her biggest challenge at M&S will likely be to change the chain's apparel image to appeal to younger consumers, industry watchers say. The Guardian (London) (10 Jul.)      M&S to open Simply Food store in London's tallest tower: Marks & Spencer will open a Simply Food franchise in the Shard, a London skyscraper that's the tallest building in western Europe. The tower is adjacent to London Bridge train terminal, which is used by about 55 million passengers a year. Bloomberg Businessweek (11 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  Old Navy to open 1st store outside North America this week Gap-owned apparel brand Old Navy will open a 10,000-square-foot store in Japan on Thursday, the chain's first brick-and-mortar foray outside North America. Rather than locate on a tony shopping street, Old Navy is setting up shop in a new mall on Odaiba island in Tokyo Bay, alongside several other fashion brands including Zara, H&M, Uniqlo and American Eagle. Women's Wear Daily (subscription required) (10 Jul.)      PepsiCo opens sixth China factory in Wuhan PepsiCo has opened a factory in Wuhan, China, that can make 15,000 tons of Lay's potato chips a year, using 30% less water and 20% less energy than other PepsiCo factories in the region. The Wuhan facility, PepsiCo's sixth in China, is expected to help the company expand into the western and central parts of the country. The Wall Street Journal/The Associated Press (10 Jul.), American City Business Journals/San Antonio (10 Jul.), The Business Times (Singapore) (10 Jul.)      Other News Vera Wang opens 1st Japan bridal shop, plans global expansion Women's Wear Daily (subscription required) (10 Jul.)        E-commerce Spotlight  Report: Europe's online shoppers stay close to home Few online shoppers in Europe stray to e-commerce companies beyond their home countries, according to the European Commission's annual Digital Agenda Scoreboard. "There are still too many barriers for easy cross-border purchases. As many as 60% of attempted cross-border Internet shopping orders fail due to technical or legal reasons, such as the refusal of non-domestic credit cards," said EC vice president Neelie Kroes. Internet Retailer (09 Jul.)      Why Rakuten's billionaire CEO is bullish on Pinterest Rakuten CEO Hiroshi Mikitani recently participated in a $100 million investment round in photo-driven social site Pinterest. He plans to become a strategic partner to the newer venture, and aims to capitalize on marketing opportunities that send more potential shoppers to Rakuten. Forbes (10 Jul.)        Other News Strong sales in US, Australia boost Asos results The Telegraph (London) (10 Jul.)        Spotlight on Luxury Goods  Canada's luxury retail space proves a relative bargain Rents for retail space in some of Canada's most upscale shopping areas have been steadily rising but still prove a bargain compared to other global markets, according to an annual report by Colliers International. Toronto's Bloor Street came in 34th on the report's Top 50 high-rent retail districts, the only Canadian district to make the cut. Financial Post (Canada) (10 Jul.), CBC.ca (Canada) (10 Jul.)      Qatar's royal family eyes acquisition of Valentino The royal family in Qatar is reportedly close to sealing a deal to buy Italian designer brand Valentino from London-based private equity firm Permira for £550 million. "Valentino has seen increasing interest from a number of potential buyers," said CEO Stefano Sassi. The National (Abu Dhabi, United Arab Emirates) (09 Jul.)      Is Burberry a bellwether for upscale retail? Burberry's sales growth slowed in the second quarter, spurring analysts to wonder whether the European economic crisis and China slowdown are starting to take a toll on the luxury market. "The slowdown at Burberry highlights caution for peers," said Morgan Stanley's Louise Singlehurst. Bloomberg (11 Jul.)      Other News Selfridges to launch Lagerfeld premium line Women's Wear Daily (subscription required) (09 Jul.)        NRF News  Brazil and China: The emerging online retail powerhouses Take a guess: Which are the five largest markets today in terms of online users? The U.S.? The U.K.? Germany? Actually, try China, in first place with 369 million online users, followed by the U.S. (253 million), then India (133 million), Japan (104 million) and Brazil (91 million). In a BIG Show session on global e-commerce for 2012, retail executives from China, Brazil and Forrester Research shared why the Chinese and Brazilian markets are prime opportunities for retailers looking to expand e-commerce operations. Read more. Shop.org Blog (16 Jan.)      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  Better to be occasionally cheated than perpetually suspicious." --B.C. Forbes, Scottish financial journalist        This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Dena Malouf 202-407-7837 Download Media Kit       Recent NRF Global SmartBrief Issues: Tuesday, 10 Jul 2012 Monday, 9 Jul 2012 Friday, 6 Jul 2012 Thursday, 5 Jul 2012 Tuesday, 3 Jul 2012     Lead Editor:  Liz DeHoff       Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 USA     © 1999-2012 SmartBrief, Inc.® Legal Information

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