Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/BbjwdNdKdIdqoFakfDajaIcOhUam
| Global retail industry news |  |
| Global Industry Watch |  |  | | - CEO of South Africa's Italtile dies in plane crash
Gianpaolo Ravazzotti, CEO of the South African tile retailer Italtile, and eight colleagues died in an aircraft crash this week. Del-Maree English, a spokeswoman for Italtile, said the company's plans are not firm. "There is no indication of when the succession announcements will be made. Peter Swatton is managing this announcement on behalf of the company and is the most senior company person, with in excess of 20 years of service," English said. Business Day (South Africa) (10 Feb.), Bloomberg (09 Feb.)      | Retail in Europe | | | | - Metro says it's not interested in selling Russian chains
In response to a Reuters report, Metro said it is not in negotiations with X5 Retail Group regarding the sale of any of the German company's chains in Russia or a stake in the company. Reuters reported that X5 is keen to acquire Russian businesses from Metro, such as Real hypermarket or the Cash & Carry chains. Bloomberg (09 Feb.) | Retail in Asia | | | | - Coach plans to open more stores in China as revenue soars
Coach, the U.S.-based fashion brand, reported that revenue in China exceeded $100 million last year. The company is planning to open 25 outlets in China this year. Coach predicted that over the next two years, China's share of the global market for luxury accessories and bags will reach 20%, up from 10% in 2009. ChinaRetailNews.com (10 Feb.) - Gap expands online presence in Europe
Gap announced that it will offer its Gap and Banana Republic brands to eight more European countries, including Austria, Portugal and Slovenia. The US-based retailer already sells clothing and accessories via its online channel in France, Germany, Italy, the UK and other European countries. "Launching in eight additional European countries underscores the loyalty and enthusiasm customers in Europe have shown for our online brands since the sites launched last August," said Stephen Sunnucks, Europe and strategic alliances president at Gap. InternetRetailer.com (09 Feb.) - M&S works on first overseas website
Marks & Spencer is working to improve its online presence and increase Internet sales. M&S is preparing to roll out a new foreign-language website, although it has not unveiled which country will be the focus of its efforts. Speculation is mounting that the retail giant will enter Japan, France or the US. The Daily Mail (London) (09 Feb.)  | Making a big change starts with keeping a small promise.
Like us on Facebook to share your promise and view the promises of others. |
 | Technology Solutions | | | | - Canadian retailers experiment with social media strategies
Roots Canada is using Facebook pop-up stores to reach out to consumers. "If you're already on Facebook and you're spending hours there, you don't have to leave the site to shop," said Tanya Zelk, manager of online marketing and customer experience at Roots. Sears Canada, Home Depot, H&M Canada and other Canadian retailers are also trying their luck at social media strategies, with varying degrees of success. ZippyCart.com (09 Feb.) | Spotlight on Consumer Electronics | | | | - Best Buy considers new pricing strategy
Mike Vitelli, an executive vice president at Best Buy, said the largest consumer electronics retailer in the world is reconsidering its pricing strategy as comparison shopping via smartphones becomes increasingly popular. "We have to move rapidly in recognizing the transparency of pricing," Vitelli said. Bloomberg (09 Feb.) | NRF News | | | | - Tablet shopping: what works and what doesn't
Tablet devices like the iPad are affecting a variety of industries, but e-commerce may stand to gain the most from this game-changing development. In an upcoming INNOVATE 2011 session, Like.com CEO and co-founder Munjal Shah will discuss how to execute a tablet consumer experience for maximum effectiveness. INNOVATE 2011, the Retail Innovation and Marketing Conference, will be held March 8-10 in San Francisco. Learn more.
| SmartQuote | | | |  | Defeat teaches better than victory."
--Japanese saying  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.