  | Global retail industry news |  |
- Sears Canada names former Loblaw executive as CEO
Sears Canada is preparing for the arrival of US-based Target by naming a new president and CEO, Calvin McDonald, who was previously a senior executive at Loblaw. McDonald will succeed Dene Rogers, who is returning to the US. "It would appear to indicate that Sears Holdings, which owns over 93% of Sears Canada's shares, is seeking to revive the Sears Canada retail franchise and is not simply planning to harvest the company's declining cash flow," according to Keith Howlett, an analyst at Desjardins Securities. The Toronto Star (23 Jun.)        | Beyond Mobile Ads: 3 Tips for Your Mobile Marketing Strategy
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 - Home Retail Group in talks to buy parts of Habitat
Habitat, which was started in the 1960s by Sir Terence Conran, could be partially acquired by Home Retail Group in a deal that could be worth about £20 million. Home Retail is reportedly interested in taking over Habitat's brand and some of its stores. "I don't think this is a marriage made in heaven," one analyst said. The Guardian (London) (23 Jun.) - Dixons posts full-year loss on one-time charges
Dixons Retail announced that Nicholas Cadbury, the company's finance director, is leaving as it reported a full-year loss of £239 million. The loss was due to one-time charges of more than £300 million mostly for the closure of its operations in Spain and writedowns on an online business and Greek division. Bloomberg (23 Jun.), The Telegraph (London) (23 Jun.)  | ERP & BI: When 1 + 1 = 3
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 - Sweden's Hennes & Mauritz aims to enter India
Hennes & Mauritz, one of the largest fashion retailers in the world, has started business development discussions with mall developers and other parties in India. Industry sources said H&M is striving to open its first outlets in India within the next two years. The Times of India (24 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! |
 - EU approves Metro's acquisition of online retailer Redcoon
The EU approved Metro's proposed acquisition of online electronics retailer Redcoon. "The [European] Commission found that the market shares of the two companies will remain moderate regardless of the exact market definition and that the proposed transaction will only lead to a minimal increment to Media-Saturn's current market share," the European Commission said in a statement. "The merged entity will also continue to face numerous competitors." The move will help the German retailer expand its online presence. Reuters (24 Jun.) - John Lewis launches online sales in Ireland and France
John Lewis, which generates roughly £600 million annually from UK online sales, is expanding its Internet offerings, starting in Ireland and France. "We've been looking at the Irish market for quite a period of time," said Andrea O'Donnell, commercial director at John Lewis. "We get a lot of Irish visitors to our website and into our store on Oxford Street. In the short term, our focus will be very much to do with online." The Irish Times (Dublin) (24 Jun.)  | At MetLife, Protecting Your Family Is Our Business
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 | Spotlight on Fashion |  | | | - Fast Retailing to open first Uniqlo stores in Thailand
Fast Retailing, the Japanese retailing giant, is planning an aggressive expansion in Southeast Asia, including its first Uniqlo stores in Thailand. The company's goal is to open 200 stores in Asia annually as it strives to become the largest apparel group in the world within the next decade. Reuters (23 Jun.) - Prada defies expectations by rising in Hong Kong debut
Prada shares rose following its initial public offering in Hong Kong. "This is a very important moment for our company and it's an accomplishment after many years," Prada CEO Patrizio Bertelli said at a listing ceremony. Prada's listing in Hong Kong is part of a larger trend of retailers aiming to bolster their brand awareness in China. CNBC/Reuters (23 Jun.) | NRF News | | | | - ModCloth CMO shares projections on the future of social media
If you're a retailer, there's no doubt you're on Facebook and Twitter. But what about Polyvore, Tumblr, Pinterist, Kaboodle or Go Try It On? Clothing retailer ModCloth is a step ahead of the competition when it comes to social engagement -- and its customer base loves it. In a recent Q-and-A on the Shop.org blog, ModCloth CMO Kerry Cooper shares insights and projections on social media trends as well as the platforms that work for its target customer. Read more.
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