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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Canadian Tire reports strong sales but decline in profit
Canadian Tire said that it ramped up its spending on advertising and incurred costs related to its acquisition of Forzani Group as it reported a decline in quarterly profits. "Sales and revenue were strong this quarter and we are continuing to meet our expectations in key areas, such as automotive, kitchen and backyard living," said Canadian Tire President and CEO Stephen Wetmore. The Toronto Star/The Canadian Press (11 Aug.)      - Kenyan supermarket chain Nakumatt plans expansion
Nakumatt currently operates supermarket outlets in Kenya, Rwanda and Uganda and is looking to expand into South Sudan, Burundi and Tanzania, according to Atul Shah, managing director of the retail chain. The company is aiming to sell about half of its shares to equity investors to fund the expansion. "The easiest for us would be equity partnership with investors ... targeting $50 million (next year). Part of it will be for expansion plans, capital injection to strengthen cash flow and reduce gearing," Shah said. Reuters (11 Aug.)  | The Business Platinum Card® from American Express OPEN
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  - UK throws retailers "lifeline" in aftermath of riots
The British Retail Consortium said that the retail rescue package announced recently by Prime Minister David Cameron will help many shops get back on their feet in the wake of the recent riots. The package includes a temporary suspension of business rates and council tax for some retailers. It also allows retailers more time to make insurance claims. "The Prime Minister has listened to our pleas and satisfied the majority of them," said Stephen Robertson, director-general of the BRC. "The Government has shown great willingness to work with retailers to put our streets back together." The Telegraph (London) (11 Aug.)  | Don’t miss DMA2011— The Global Event for Real-Time Marketers. You’ll hear thousands of practitioners and experts discuss solutions and best practices to achieve optimal channel mix and integration that lead to measurable results and increase real-time customer engagement. Save an extra $300 when you register now with Keycode SMB3. |
 - Sweden's H&M plans to open more stores in Japan
Hennes & Mauritz, the budget fashion retailer based in Sweden, said it is striving to tap into Japan's fashion-conscious consumers by more than doubling its number of locations there. H&M operates 12 stores in Japan and is aiming to have 30 by the end of next year. "Japan is definitely an important market and we still see potential for growth here," said Mie Anton, a spokeswoman for H&M. "Japanese customers are very interested in fashion, so there is high consumption in Japan." Reuters (12 Aug.)  | Get the Information That Leads to Higher Sales
Learn how a 0.1 percent increase in employee engagement generated more than $100,000 in one store's income when you download the white paper HR and Payroll - Achieving Accountability, Transparency in Retail. A unified HR and payroll system gives you high-quality data you can use to serve customers better. |
 - Aurora Fashions to launch German language site in October
Aurora Fashions is planning to launch three international sites in the next year or so, starting with a German language site. "We've translated long-term UK success into international expansion with brands that have their own distinctive market positions and appeal to consumers of all nationalities around the world, alongside a best-fit approach to market entry," said Mike Shearwood, chief executive officer at Aurora Fashions. InternetRetailing.net (12 Aug.) - Ocado struggles to keep up with demand
The online grocer Ocado is updating its automated warehouse and planning to open another centre in an effort to keep up with surging demand. However, an analyst at Goldman Sachs said the company's earnings will peak in 2012 and start to decline the following year. The Guardian (London) (11 Aug.)  | As eCommerce has grown to represent a significant percentage of retail sales and profits, merchants should consider payment strategies that can enhance their online services, open new markets and protect the bottom line. Download this free white paper to learn more. |
 | Spotlight on Fashion | | | | - Court rules against Louboutin over shoes' red soles
Christian Louboutin wants the exclusive right to use red soles on his shoes, but in a victory for Yves Saint Laurent, a New York court ruled against the French footwear king. US District Judge Victor Marrero ruled that other shoe manufacturers could put red soles on their shoes. "Because in the fashion industry color serves ornamental and aesthetic functions vital to robust competition, the court finds that Louboutin is unlikely to be able to prove that its red outsole brand is entitled to trademark protection," Marrero said. Yahoo!/AFP Relax (11 Aug.) | NRF News | | | | - U.S. retail container traffic to remain low through summer, rise as holidays approach
Import cargo volume at the major American retail container ports will remain below last year's levels for the remainder of the summer before seeing year-over-year gains again this fall as retailers begin to stock up for the holidays. According to the monthly Global Port Tracker report released by NRF and Hackett Associates, the first half of 2011 saw an increase of 3.9% from the first half of 2010. Forecasting for 2011 shows a year-over-year increase of 3.6%. Read more.
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