| Global retail industry news |  |
- Mushrif Mall in Abu Dhabi nears its opening
The developer of the Mushrif Mall in Abu Dhabi has delayed the opening a couple of times, but now says it will launch within the next two months. "We have completed construction, we are putting the final touches on the mall and will be ready to open very soon, hopefully by the end of May," said Saleem VI, general manager of the developer's parent company Emke Group. The National (Abu Dhabi, United Arab Emirates) (04 Apr.)        | 2 DAYS LEFT: Get half off $100 hotel gift cards powered by Expedia Networks. Treat your best staff and customers to The Hotel Card. They get $100 off a 2-night stay at 55,000 hotels (all major brands). You get a deal at $50 each for a 12—pack—plus lots of thanks and loyalty. Get bizy and buy now. |
 - Bolland faces headwinds in new position as CEO at M&S
Marc Bolland, CEO at Marks & Spencer, vowed late last year to overhaul the company's clothing operations, but he isn't expected to have much to show for his efforts when he reports results. Analysts expect M&S to report about a 6% drop in like-for-like fourth-quarter sales. "It's not happening fast enough, they are still behind the curve, appealing to an older market," said James Monro, an analyst at Standard & Poor's equity research. Bloomberg Businessweek (04 Apr.) - Administrators say Oddbins attracts "potential buyers"
Deloitte, the administrators for the troubled Oddbins wine chain, told the retailer's staff this week that "potential buyers" have approached the company. "We are pleased to have received interest from a number of parties interested in buying the business," said Lee Manning, one of the administrators. "We will continue to trade the company while seeking a sale as a going concern. Employees will continue to be paid and will be fully briefed." The Guardian (London) (04 Apr.) - Euroset's London flotation planned for this month
Euroset Holdings, the largest mobile-phone retailer in Russia, is planning to float this month on the London Stock Exchange despite less-then-ideal market conditions, which have driven away other offerings. Euroset plans to raise about $140 million through the flotation. "The offering will help us to deliver our strategy for growth and take advantage of opportunities in the markets we operate in," said Euroset CEO Alexander Malis. "We have grown rapidly since the company's inception and look to further expand our retail operations going forward." MarketWatch (04 Apr.)  | FedEx SmartPost Returns is an ideal way for businesses with over 100 daily returns to provide a convenient returns method for low-weight residential packages. It's a cost-effective, reliable solution that utilizes the strength of the FedEx® network and the U.S. Postal Service®. Learn more.
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 | Retail in Asia |  | | | - Thailand's CP All plans to open hundreds of new outlets
CP All, the operator of 7-Eleven convenience stores in Thailand, is looking into launching outlets in China and Southeast Asia in an effort to capitalise on increasing incomes. The retailer, based in Bangkok and controlled by billionaire Dhanin Chearavanont, is planning to open roughly 500 new stores annually, according to the company's head of finance and investor relations. Bloomberg (05 Apr.) - Australian minister urges retailers to get online
Sen. Stephen Conroy, Australia's minister responsible for the digital economy, is encouraging the country's retailers to conduct business online. "By getting online, retailers can enjoy greater efficiencies, expand their customer base and increase their revenues," Conroy said. The minister's comments come as the Australian Retailer Association prepares to hold a seminar on online retailing. Current.com.au (Australia) (05 Apr.)  | Use social media to enchant your customers
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 | Technology Solutions | | | | - New Look launches m-commerce site using latest technology
New Look's fully transactional mobile-commerce website features some of the latest technologies as the retailer aims to capitalise on a shift toward shopping via smartphone. "At New Look our aim is to offer customers an outstanding multichannel experience," said Dom McBrien, the company's eCommerce director. "To do this we must offer an easy and convenient shopping experience through a multitude of channels. Research suggests that in 2012 access to the Internet via smartphone devices will even supersede the desktop PC, so this is a clear opportunity." InternetRetailing.net (05 Apr.) | Spotlight on Grocery | | | | - Finland's Kesko makes move into Russia's grocery market
Kesko, a Finish retailer, plans to open four large grocery stores in Moscow and Saint Petersburg in 2012 and 2013, according to CEO Matti Halmesmaki. The company is setting a goal of €500 million in sales and a profit by 2015 in Russia. Analysts are raising concerns about the move as many other international retailers have failed to succeed in the Russian market. Reuters (04 Apr.) | NRF News | | | |
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