  | Global retail industry news |  |
- Retailers stress synergies between different channels
Lululemon Athletica, Children's Place and other major retailers say physical store locations and online efforts work together. Many retailers are planning to open new outlets but also are acknowledging that they need to upgrade their websites. "E-commerce and stores don't compete, they work together," said Lululemon Chief Financial Officer John Currie. "Lots of customers like to browse online and come into the store, so we don't see e-commerce cannibalizing the stores." Reuters (29 Jun.)       - Massmart plans to expand organically in Africa
Massmart Holdings said it plans to expand throughout Africa but isn't looking to mergers and acquisitions to do so. "We plan to grow mostly organically out of South Africa, there are not a lot of targets," said Massmart CEO Grant Pattison. MarketWatch (29 Jun.) - Gap plans to enter Africa this year
Gap, the US-based clothing retailer, is planning to open stores in Egypt and Morocco this year as part of its ongoing international expansion. The company plans to open a Gap outlet in Egypt in July. In October, the retailing giant plans to open Gap and Banana Republic stores in Morocco. Reuters (29 Jun.), Forbes/The Associated Press (29 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. |
 - Germany's Hugo Boss plans major marketing push
Hugo Boss plans to increase its spending on advertising and sponsorship to support the reintroduction of its Boss Selection line. "Retailers have reacted very positively to our new Boss Selection collection," said Mark Langer, chief financial officer at the German fashion house. Bloomberg (29 Jun.)  | 2 Banners That Used Gaming to Drive Engagement
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 - Future Group reshuffles roles of top executives
Future Group, the largest retailer in India, is pushing new businesses, including catalogue retailing and upscale supermarkets. As part of that effort, the retailer has reassigned roles to some of its senior executives. "When there are new projects or incubation, there is a need for leadership to shape up the business initially," said Damodar Mall, an executive at Future Group. "In the next level of growth, newer business has to synergise with each other if we have to achieve our strategy." The Economic Times (India) (30 Jun.) - South Korean retailer E-Mart plans changes in China
E-Mart, the retail giant based in South Korea, is planning to relocate its strategic center in China from the northern part of the country to the northwestern region. The retailer also plans to open new stores in China while selling some of its unprofitable stores in the country. ChinaRetailNews.com (29 Jun.)  | Free job postings and more with TheLadders
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 - Casino raises stake in Brazil's Pao de Acucar
Cia. Brasileira de Distribuicao Grupo Pao de Acucar proposed a tie-up with France's Carrefour, prompting Casino Guichard-Perrachon to increase its stake in the Brazilian retailer. Casino bought more than 16 million preferred shares of Pao de Acucar, ramping up the battle for the company. Bloomberg (29 Jun.), Reuters (30 Jun.) - La Polar reaches agreement with creditors
La Polar is striving to deal with a consumer loan crisis and has come to terms with most of its creditors to waive a clause in its contracts that triggers repayment of securities. "This is a super-important step; the fact that they (bondholders) unanimously approved the delay of actions," said Cesar Barros, chairman of the Chilean retailer. Bloomberg (29 Jun.), Reuters (29 Jun.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a complimentary whitepaper. |
 | E-commerce Spotlight |  | | | | Technology Solutions | | | | - Survey: Half of Canadians would opt for digital wallets
About 56% of Canadian consumers say they would happily give up using cash in the future in favor of using only mobile payments to make a purchase, according to a survey done for PayPal. Additionally, about one-third said they would rather carry a mobile device than a pocketful of change and 36% reported that they would use digital wallets to pay for everything from a latte to an iPod. Marketnews Magazine (Toronto) (28 Jun.) | Spotlight on Consumer Electronics | | | | | NRF News | | | | - Expert calls retail's next 10 years "turbulent, uncertain and complex"
Retailers' success often depends on their ability to predict the future -- a bit of a hurdle, to say the least. In a new peer-reviewed white paper in NRF's Retail Reference Center, Deloitte's Lawrence Hutter attempts to take some of the mystery out of the next 10 years, predicting the evolution of Chinese, European and Japanese markets, which burgeoning markets may begin to emerge and what the demographics landscape will look like. Read more.
| SmartQuote | | | |  | Telling lies does not work in advertising."
--Tim Bell,
British advertising and public relations executive  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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