| Global retail industry news |  | | |  | - Retailers rush to capitalise on British royal wedding
Now that Prince William and Kate Middleton are engaged, manufacturers and retailers are hurrying to produce and sell a variety of souvenirs and commemorative products. Supermarket chain ASDA is already offering a souvenir mug through its online site. "Kate and Wills are the nation's sweethearts and shoppers have said they would love to buy a piece of history while doing their shop. Nothing says congratulations like your face on a mug," ASDA said. The Guardian (London) (17 Nov.)      - Retail rents in Dubai malls to rise by up to 35%
Shopping centre landlords in the emirate have increased retail rents by as much as 35% for next year, said Abdulla Al Gurg, group general manager of Easa Saleh Al Gurg Group. "Some of the major retailer asset owners have increased their rents to 35% for [2011]," he said. "It really just doesn't make sense. What is the rationale behind it?" ArabianBusiness.com (17 Nov.)  | Xerox® ColorQube® solid ink printers, starting at $699.
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 - Majority shareholder in Gruppo Coin plans to sell stake
Financiere Tintoretto has appointed a couple of investment banks to advise on selling its 69% stake in Italian clothing retailer Gruppo Coin. The seller expects to choose a buyer by early next year. Coin expects earnings to reach €200 million in the year ending Jan. 31. Reuters (17 Nov.) - Greek toy retailer Jumbo won't raise prices on tax increase
Sales in the fiscal first quarter were unchanged for Athens-based toy retailer Jumbo, but profit declined 5.2% as the company absorbed the increased value-added tax. The company said it won't raise product prices because of the VAT increase, which has risen from 19% to 21% and now 23%. Bloomberg (17 Nov.)  | Reshaping Enterprise Workforce Management Software
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 - Carrefour to invest in its Malaysian stores
Carrefour CEO Lars Olofsson canceled the sale of the retailer's stores in Malaysia as the planned auction of the outlets did not draw bids worth pursuing. Instead, Carrefour will invest in its Malaysian stores. "We can create much more value by doing it ourselves," Olofsson said. "We have some very encouraging growth prospects in Malaysia." The Wall Street Journal (18 Nov.)  | Retail in Latin America |  | | | - Mexican retail chain Sanborns considers store in NYC
Sanborns, a Mexican retail chain owned by Carlos Slim's Grupo Carso, is considering opening a store in New York City. The retailer, which sells televisions, books and chocolates, has about 160 outlets in Mexico, but is looking to enter the US. Bloomberg (18 Nov.) | E-commerce Spotlight | | | | | Spotlight on Consumer Electronics | | | | - Dixons withdraws Toshiba's Folio 100 tablet
Dixons stores in the UK have withdrawn Toshiba's tablet computer, the Folio 100, because of a "high return rate". PC World has also reportedly halted sales of the Folio 100, which was meant as a rival to Apple's iPad. "Toshiba UK is aware of reports regarding customer returns of the Folio 100, and is currently working with Dixons Retail to provide a solution," Toshiba said in a statement. "An update on availability will be provided in due course." Telegraph (London) (16 Nov.) | NRF News | | | | - Retailers come free to Retail's BIG Show
NRF offers retailers, store designers and visual merchandising professionals complimentary entrance into Retail's BIG Show EXPO, 10 and 11 Jan., 2011. The EXPO pass provides access to the EXPO, opening night reception, multiple happy hours as well as more than 50 educational sessions on the floor. Retail's BIG Show centennial celebration takes place 9 to 12 Jan., 2011, in New York City. Learn more.
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