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| Global retail industry news |  | | |  | - Foreign brands give Canada's retail market a boost
Victoria's Secret and other major foreign retail brands have been entering Canada, seeking prime retail real estate and eager consumers. "There are two reasons why American and foreign retailers are looking to Canada: relative value combined with the fact there is a stronger and more positive economic outlook," said Stan Krawitz, president of the real estate brokerage Real Facilities. The Globe and Mail (Toronto) (12 Oct.)      - Pick n Pay aims to sell Australian business
Pick n Pay Stores, a major South African retailer, said that if Australia's competition regulator fails to approve its sale of its Franklin retail business there to Metcash Trading, it will consider selling the business by tender. "While our first priority is to complete the sale to Metcash, we considered it prudent to put in place an alternative exit strategy in the event the [Australian Competition and Consumer Commission] does not approve the sale to Metcash," said Pick n Pay Chairman Gareth Ackerman. The Wall Street Journal/Dow Jones Newswires (11 Oct.)  | This report provides a review and assessment of the strategic innovation options that CPG companies should examine. It also covers the need to develop a coherent innovation strategy across categories and platforms and for alignment with overall corporate strategy: Click here to find out more. |
 - Executive: Spending review could help UK retail market
Geoff Cooper, CEO of Travis Perkins, said the Comprehensive Spending Review will help consumers "come to terms" with the government's spending cuts and could bolster the retail market in the UK. "I think since the election people have been second-guessing the spending cuts," Cooper said. "It has been difficult to open a newspaper without hearing about them. We need to get it [the review] out so people can come to terms with it and get on with their lives." Telegraph (London) (12 Oct.)  | Handling your career in a down economy
Workplace and Gen Y expert Alexandra Levit shares how to find meaningful work and make the most of your career in her Career Summit 2010 session. Recruiters, career coaches, and columnists share their expertise in this month long, online series. Get the 25% off pricing while it lasts — register now! |
 | Retail in Asia |  | | | - Levi's Denizen plans to have 1,000 stores in China by 2015
Levi Strauss & Co said its new Denizen brand had launched 20 new stores in China by the end of September and is aiming for more than 1,000 stores in the next few years. Dickson Chu, general manager of Denizen in China, said the company will focus on Shanghai, Jiangsu and Zhejiang. Levi's developed the Denizen brand to target 18- to 29-year-old consumers. ChinaRetailNews.com (11 Oct.) | Retail in Latin America | | | | - Walmex reports 10% increase in third-quarter profit
Wal-Mart de Mexico reported third-quarter earnings of $337 million, up 10% from the same period the previous year. However, the company's profit missed expectations of analysts. "Expenses were the greatest challenge in the quarter," said Rafael Matute, chief financial officer at Walmex. Reuters (11 Oct.) | E-commerce Spotlight | | | | | Spotlight on Grocery | | | | - UK shoppers stick with staples of white bread and tea
Supermarket giant Morrisons reviewed the shopping carts of its customers to develop a list of the most popular items, with sliced white bread coming out on top. Cheddar cheese, bananas, strawberry jam, tea and mince were also on the list of most popular items. A bottle of Australian white wine was likely the only item on the list that would not have been in consumers' shopping baskets five decades ago. Telegraph (London) (11 Oct.) - Russia's Magnit, X5 report increases in quarterly sales
X5 Retail Group and Magnit, two of the top food retailers in Russia, posted spikes in third-quarter sales. The companies benefited from the economic recovery and an increase in prices brought about by the drought. X5's like-for-like sales surged 6%, while Magnit reported a 12.4% increase in same-store sales. Reuters (11 Oct.) | NRF News | | | | - How to convert "likes" to sales
You've developed a strong and vibrant Facebook community in love with your brand ... now what? Ron Offir, president of e-commerce at Jones Apparel Group, shares how Facebook pop-up stores may be the key to converting "likes" into sales. In a three-minute video, Offir explains what the company learned from a three-day Facebook campaign with designer Rachel Roy. Watch the video.
| SmartQuote | | | |  | Farming looks mighty easy when your plow is a pencil, and you're a thousand miles from the corn field."
--Dwight D. Eisenhower,
34th US president  |
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