| Global retail industry news |  |
- IKEA UAE moves ahead with expansion plan in region
IKEA UAE is planning to open stores in Doha and Cairo and might launch another flagship store in Dubai as its scheduled expansion moves forward, according to a company executive. "We are looking forward for bright future ahead for the IKEA brand following positive sales trends and upcoming new developments in the region," said Vinod Jayan, country range and retail logistics manager at IKEA UAE. Khaleej Times (United Arab Emirates) (19 Jun.)        | 3 Advertisers Succeed with Social, Local, and Mobile Ads
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 - JD Sports buys 8 Cecil Gee stores from Moss Bros
JD Sports Fashion has paid £1.7 million for eight of Moss Bros' nine Cecil Gee stores. The sale is expected to help Moss Bros focus on its core business, according to the retailer. Moss Bros will turn the remaining Cecil Gee Store, which is located in Glasgow, into a new format. Reuters (20 Jun.) - SuperGroup sticks to expansion plans as trading improves
SuperGroup, the UK fashion retailer behind the Superdry brand, said it has seen a substantial improvement in trading in recent weeks. The company plans to open 20 stores annually. SuperGroup currently runs 61 standalone UK shops and expects there is room for about 150 there. Reuters (20 Jun.)  | Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now. |
 - Sun Art Retail gauges investor demand for IPO
Chinese hypermarket operator Sun Art Retail is weighing whether to launch a $1 billion initial public offering, sources said. The company, which is backed by Group Auchan of France, plans to price its shares early next month and float in Hong Kong the following week. Bloomberg Businessweek (19 Jun.)  | If you post something on your brand's Facebook page your fans see it, right? Wrong. What you don't know about Facebook's post ranking system can hurt your social branding efforts. EdgeRank is the way that Facebook grades the relevancy of your posts to your fans. Cut through the mystery of Facebook's EdgeRank - download the White Paper now. |
 - Chile probes retail sector as credit scandal unfolds
Sebastian Pinera, president of Chile, said those responsible for credit irregularities at the retailer La Polar will be tracked down and punished. The Chilean government is looking into the entire retail sector due to the scandal, according to Felipe Larrain, the country's finance minister. However, he said, "There is nothing to suggest this is generalized." Reuters (20 Jun.)  | 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! |
 | E-commerce Spotlight |  | | | | Spotlight on Mass Merchandise | | | | | NRF News | | | | - U.S. retail container traffic close to flat through July
Import cargo volume at the America’s major retail container ports is expected to remain at about the same levels as last year through July before starting to resume increases later this summer, according to the monthly Global Port Tracker report released today by NRF and Hackett Associates. “With rising gas prices and challenges in the labor and housing markets, consumer spending has slowed and retailers have adjusted their inventory levels accordingly,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We are confident long-term consumer demand will grow, and that imports will pick up significantly in the fall.” Read more.
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