  | Global retail industry news |  |
- Retail sales in Canada rose more than expected in August
Economists said that the 0.5% increase in retail sales in Canada in August put the economy on track for growth in the third quarter. Analysts had expected a 0.3% rise. "The August numbers are admirable given the headwinds that included a plunging stock market and drop in consumer confidence to the lowest level in two years," according to BMO Capital Markets economist Robert Kavcic. "Thanks to a strong handoff in June and July, the Canadian economy still looks to have grown at about a 2% pace in the third quarter, bouncing back from Q2's mild contraction." The Gazette (Montreal)/Postmedia News (tiered subscription model) (25 Oct.)      - Super Retail continues to see strong growth, CEO says
Peter Birtles, chief executive officer at Super Retail Group, said the specialty retailer has delivered strong growth in both profitability and revenue over the past couple of years despite difficult trading conditions. "Although wider economic conditions mean that the short-term outlook for retail spending remains uncertain, we remain confident of our ability to grow our store network, deliver like-for-like sales growth and improve gross margins," Birtles said. The Sydney Morning Herald (Australia)/Australian Associated Press (26 Oct.)  | Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
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 - Marks & Spencer faces competition in UK clothing market
Marks & Spencer controls 23% of the UK clothing market for women ages 55 to 64, according to a study by Verdict Research. Younger women, however, are increasingly spending their money elsewhere. "Marks & Spencer dominates, but they face strengthening competition" for younger women, according to Maureen Hinton of Verdict Research. "There is a gap in the market for affordable, inspirational and relevant fashions for the over 45-year market. Department stores and independent shops are coming out on top as the preferred place for shopping." Debenhams, John Lewis and other retailers are trying to target that demographic. Bloomberg Businessweek (26 Oct.) - Carpetright expects to meet lower end of analyst expectations
Carpetright said that as consumers rein in spending it expects its full-year profits to fall toward the lower end of expectations by market analysts. Executives at the largest floor covering retailer in the UK said they don't expect trading conditions to improve much in the upcoming year. Reuters (25 Oct.)  | Avoid theft and fraud with Modern Video Security.
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 - Indian consumers flock to retailers to kick off Diwali
Consumers throughout north India celebrated Dhanteras, the first day of the Diwali Festival, by purchasing clothing, jewelery and other goods. Hindus consider the day to be auspicious for shopping. "The economic triggers may suggest we are approaching slowdown, but at the consumption level it is still insulated," said Debashish Mukherjee, a partner at AT Kearney. "As a result, retailers and consumer durable makers are seeing good Diwali sales." The Economic Times (India) (26 Oct.)  | Logistics is much more than the movement of goods and services. It's also your pre-game strategy. Before you step on the court, you need the right players running the right plays at the right time. Learn more about those key plays in this free whitepaper from UPS and get in the game of logistics. |
  - Luxury brands embrace e-commerce, study finds
PM Digital has released a study of the websites of dozens of luxury brands. The research shows that major luxury companies have embraced online sales as 81% of the sites sell merchandise. The study also found that visitors to luxury brand websites tend to be younger than the average of those who visit apparel and accessories sites. InternetRetailer.com (25 Oct.)  | Ready for the retirement boom? Free white paper. 76 million boomers are heading for retirement. Are they, or you, ready for what’s next? In a nationwide survey, HR directors said their organizations weren’t doing enough to help workers through this transition. For the full story, download our free white paper, Falling in the Home Stretch. |
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 | NRF News | |  | | - Retail veteran Vicki Cantrell named NRF SVP of Communities and Executive Director of Shop.org
NRF announced Tuesday that Vicki Cantrell -- a retail industry veteran who has held prominent positions at Tory Burch, Giorgio Armani, and Gucci -- will join NRF as the association's Senior Vice President, Communities and Executive Director, Shop.org on Oct. 31. "I am thrilled to join NRF in this position during such a critical moment in retail, as consumers expect channels and business units to work together to create a seamless shopping experience," said Cantrell. Read more.
| SmartQuote | | | |  | No one can possibly achieve any real and lasting success or get rich in business by being a conformist."
--J. Paul Getty,
American industrialist  |
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