  | Global retail industry news |  |
- Carter's plans to acquire Canadian licensee Bonnie Togs
Carter's, the children's clothing company, is planning to take over its top licensee in Canada, Bonnie Togs. The deal will help Carter's expand into overseas markets. "We see significant potential for growth in Canada, with an opportunity to operate approximately 160 stores contributing total annual revenues of more than $200 million by 2016," said Michael Casey, chief executive at Carter's. Reuters (22 Jun.), Forbes (22 Jun.)       - Lulu Hypermarkets continues to expand in GCC
Lulu Hypermarkets, the largest retail chain in the Gulf Cooperation Council, is set to reach 100 stores next year having recently opened its 90th store. "Going ahead we are all set to open two new hypermarkets in Mushreef Mall and Madinat Zayed Mall, Abu Dhabi before Ramadan. Our focus is on reaching 100 stores by the 2012 and I am quite upbeat about it," said Yusuffali MA, group managing director. Khaleej Times (United Arab Emirates) (20 Jun.)  | Tokenization is more than a security measure and more than a cost savings technique. It can be used to build your business. This white paper discusses the ways tokens can be used in back-end business operations to develop powerful marketing programs. |
 - Squeeze on discretionary spending in Europe to worsen
Analysts say consumers will rein in discretionary spending because of a combination of factors, including inflation, government austerity efforts and job security concerns. The situation has already hit retail stocks, which are expected to hold fairly flat or possibly fall further. "Now that we're seeing inflation return [in Europe], there is more pressure on retailers to decide on a strategy," said James Monroe, a retail analyst at Standard & Poor's. "They know consumers won't accept rising prices." The Wall Street Journal (tiered subscription model) (22 Jun.)  | 3 Advertisers Succeed with Social, Local, and Mobile Ads
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 - Hong Kong luxury goods retailer not worried about mainland
Dickson Poon Dik-sang, chairman at the luxury goods retailer Dickson Concepts, said even if mainland China reduced tariffs on luxury imports, such products will continue to be cheaper in Hong Kong. "The tariff cuts will narrow the price differences," Poon said. "But there are still other taxes in the mainland that will allow us to retain our competitive edge." The Standard (Hong Kong) (23 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. |
 - Tiger Global makes another e-commerce investment
CaratLane will use a $6 million investment from Tiger Global to expand its footprint in India. "We want to strengthen our back end and invest in marketing and brand building," said Mithun Sacheti, CEO at CaratLane, an online jewelery retailer. Tiger Global recently invested $20 million in Flipkart, an online retailer of books, electronics and other products. The Economic Times (India) (23 Jun.)  | Let Social Media Find Your Staff For You
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 | Spotlight on Consumer Electronics |  | | | - Kesa considers selling Comet chain
Kesa Electricals, a consumer electronics giant in Europe, is weighing its options, including a possible sale, of its Comet chain following a loss in 2010. "We have a strong turnaround plan for Comet to restore its profitability in the medium term and, in parallel, we are examining strategic alternatives to ensure the best overall value for shareholders," said David Newlands, chairman of Kesa. The Independent (London) (23 Jun.), Reuters (22 Jun.), The Telegraph (London) (22 Jun.) | NRF News | | | | - Survey shows organized retail criminals becoming more violent
Organized retail crime isn't only costly for businesses -- it's dangerous. The results of NRF's seventh annual Organized Retail Crime survey show that organized criminals are becoming more brazen, as almost 15% of apprehensions lead to some level of violence. Survey results also indicate a major increase in cargo theft and detail the top 10 US cities for organized retail crime. Learn more.
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