| Global retail industry news |  |
- Sources: China's Bright Food is poised to acquire GNC
China's Bright Food Group is trying to reach an agreement to acquire GNC Holdings, a US vitamin retail chain, for as much as $3 billion, sources said. Ares Management and the Ontario Teachers' Pension Plan Board own GNC, which sells vitamins, nutrition supplements and other diet products through its international network of more than 7,000 stores. The Wall Street Journal (07 Dec.)       - United Arab Emirates' Axiom cancels IPO
Axiom Telecom, a handset retailer based in the United Arab Emirates, had planned to launch an initial public offering on the NASDAQ Dubai in early December, but canceled on Monday. "While there were sufficient orders to fully cover the IPO book at the price range, primarily due to demand from high quality international investors in Europe and the [US], there were widespread concerns about market conditions and liquidity," according to a statement from Axiom. Gulf Daily News (Bahrain) (07 Dec.)  | 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. |
 - Carphone Warehouse has high expectations for Google Android
Carphone Warehouse has a contract to sell the Nexus S, the latest Google-branded phone, said Chief Commercial Officer Graham Stapleton. The mobile phone retailer expects Google Android phones to be the No. 1-selling smartphone platform in Europe this quarter. Finland's Nokia has held the top spot for years. The Guardian (London) (06 Dec.)  | HR Best Practices: Delivering Strategic Value to the Enterprise
Establishing HR best practices that are supported with technology can help achieve greater efficiency. HR processes reduce the burden of handling administrative tasks and deliver strategic value to the organization by equipping managers with the right information. Learn how in this free white paper sponsored by SAP. |
 - France urges India to liberalise retail sector
Christine Lagarde, finance minister for France, has asked India to open up its retail and insurance sectors. "If it was possible to develop activities in insurance and retail ... if the Indian authorities consider it sensible to open up the sectors, I know French companies will significantly expand their activities. Everything is about give and take [in a] two-way street," Lagarde said. The Economic Times (India) (07 Dec.) , The Telegraph (Calcutta, India) (06 Dec.) - Fast Retailing's Yanai revisits lessons from management guru
Fast Retailing founder and President Tadashi Yanai became the richest man in Japan by turning his father's company into Uniqlo, the biggest clothing retailer in Asia. Yanai says Peter Drucker's management strategies inspired success, but in the past year, something went awry. Yanai is revisiting Drucker's lessons to turn Uniqlo's fortunes around. Bloomberg (06 Dec.) - Cath Kidston to expand further in Asia
Cath Kidston, a British clothing, accessories and fabric retailer, has had good luck in the Far East and is planning to capitalise on its success there by opening more shops. The company, which has eight stores in Japan, plans to open two shops and a concession in South Korea in 2011. It is also considering stores in Taiwan, Hong Kong and mainland China. Telegraph (London) (05 Dec.)  | 14.2% of social-media strategies deemed very effective
The buzz around social media — and whether or not it is worth the effort — continues to be a leading business concern. SmartBrief's original research sheds light on obstacles and opportunities in using social media to produce measurable results. Check out The State of Social Media for Business. |
 | E-commerce Spotlight |  | | | - UK, Germany, France account for 70% of Europe's online sales
The UK, Germany and France account for 70% of online sales in Europe, found e-commerce specialist FACT-Finder. The FACT-Finder report also found that cross-border trading remains a challenge for many online retailers. Few trade beyond their national boundaries because of cultural differences, a lack of consumer confidence, complex tax requirements and other issues. InternetRetailing.net (03 Dec.) - Singsale to use Singapore as gateway to expansion
Singsale, an online retailer that offers discounts on international designer fashion brands, has established a presence in Singapore and plans to use it as a platform for expanding throughout the region. "The shopper here has Orchard Road and a few other shopping centres ... There are no discount retailers in Singapore," said Jamie Jackson, founder and CEO of Ozsale Group, which launched Singsale. Today (Singapore) (06 Dec.) | Spotlight on Grocery | | | | - Morrisons introduces smaller bottles of wine
Morrisons is introducing 50cl bottles of wine, some with just 5.5% alcohol, as a way to help consumers reduce their consumption when drinking at home. The company says the new wine range will be "particularly suitable for couples aiming to keep below the government's recommended limit of 14 units a week for women and 21 units a week for men". Telegraph (London) (05 Dec.) | NRF News | | | | - How American Eagle, Guitar Center and Macy's built private label success
Innovation is key in private label and is something that American Eagle, Guitar Center and Macy's don't shy away from. In a thought-leadership panel at Retail's BIG Show, these industry giants will reveal their views on private label development, what's worked and what hasn't, as well as how they promote their success internally and to Wall Street. Retail's BIG Show centennial celebration takes place 9 to 12 Jan., 2011, in New York City. Learn more.
| SmartQuote | | | |  | The most erroneous stories are those we think we know best -- and therefore never scrutinize or question."
--Stephen Jay Gould,
American scientist  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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