  | Global retail industry news |  |
- Big box retailers face difficulty finding space in Canada
As more major U.S. retailers enter Canada, they are battling for space. Retail experts say the companies might not be able to build out, but they can build up and into different formats. "Because there are all these new retailers coming in, there will be demand for new space," says Maureen Atkinson, a retail analyst at J.C. Williams Group. "Old industrial lands ... are getting grabbed." The Toronto Star (21 Apr.)       - Rona aims to capitalize on strong loonie through acquisitions
Rona, the Canadian home improvement retail chain, is looking to take advantage of economic weakness in the U.S. and the strength of the Canadian dollar by investing up to C$300 million on acquisitions. Robert Dutton, CEO at Rona, said the firm is targeting U.S. businesses. "We realize that we can be the consolidator in this side of the business in the United States," Dutton said. Reuters (21 Apr.)  | Help protect your employees by managing business travel risks with Zurich's white paper 'Managing the Risks of Business Travel: What every business needs to know'. Click here for the FREE download! |
 - Retail sales in Britain unexpectedly up in March
The UK's Office for National Statistics reported a 0.2% increase in retail sales volume, including fuel, for March. Sales declined 0.9% in February. Analysts expected sales figures to be weak following a survey by the British Retail Consortium. However, strong food sales helped lift overall sales. Telegraph (London) (21 Apr.)  | New Strategies for Inside Sales Success. A specialized process helps your team win new business, close more sales in less time, and build lasting customer relationships. Find out how to overcome inside sales challenges and meet your business goals. Download the free research report now. |
 - Analysts expect most Indian retailers to see profit rise
An increase in consumer spending in India is expected to help boost the profit of its retailers, analysts say. However, profit at Pantaloon Retail, the country's largest retailer, is expected to be flat or even decline slightly, according to analysts. "There will be pressure on Pantaloon's margins and higher interest cost will impact its profitability," said Sangeeta Tripathi, who tracks retailers for Sharekhan. LiveMint.com/The Wall Street Journal (India) (22 Apr.)  | 8 of the world's top 10 brands build their business on Facebook with the Buddy Media Platform. What's your plan? Power Tools for Facebook. Register for demo |
 - Columbia Sportswear plans international e-commerce effort
Columbia Sportswear is planning to launch websites in Europe for both its Columbia branded products as well as its Sorel branded footwear. The company also plans to sell products online in Canada. "We see e-commerce as an important tool that helps us fulfill our responsibility to build a strong brand for the benefit of customers and all of our business partners," said Christian Finell, general manager for Europe, the Middle East and Africa at Columbia. "E-commerce is an essential brand platform that allows us to bring our brands to life and help people find the styles they need to enjoy the outdoors." InternetRetailer.com (21 Apr.)  | 10 Must-Read Articles from HBR
If you read nothing else, read these 10 articles from Harvard Business Review's most influential authors. Order this insightful collection in convenient electronic download. |
 | Spotlight on Fashion |  | | | | NRF News | | | | - Best Buy CMO Barry Judge to speak at 2011 Global E-commerce Summit
Shop.org heads to Barcelona May 23 to 25 as an industry partner for the annual Global E-commerce Summit. With speakers hailing from Expedia Europe, Forrester, YOOX Group, Pixmania.com and Best Buy, attendees of the event will learn about new perspectives to develop and grow global online and cross-channel retail. Learn more.
| SmartQuote | | | |  | On Spaceship Earth there are no passengers; everybody is a member of the crew. We have moved into an age in which everybody's activities affect everybody else."
--Marshall McLuhan,
Canadian educator, philosopher and scholar
quoted for Earth Day, April 22, 2011  |
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