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  | Global retail industry news |  |
- Archer Capital sells Rebel Sport for $610 million
Australia's Super Retail Group has paid $610 million to acquire sporting goods retailer Rebel Sport from Archer Capital. Rebel Sport operates 128 stores under the Rebel, Super Amart and Performance Sports banners, and Super Retail expects to expand that to 185 locations in the "medium term." Inside Retailing Online (17 Oct.)      - Canada's retailers cautious as holidays approach
Canada's retailers have a less rosy outlook heading into the holidays than they held earlier this year, as sales there slow while US merchants report stronger-than-expected revenues. The latest figures could convince US chains including Kohl's and J.C. Penney to put their northward expansion plans on hold. The Globe and Mail (Toronto) (14 Oct.) - Luxury brands find favor in India
Global luxury brands including Gucci, Tod's and Bottega Veneta see untapped potential among India's wealthier consumers. Indian luxury sales are forecast to grow 25% annually through 2015, according to a recent report by AT Kearney, but brands hoping to claim a piece of that business must tailor both their products and marketing pitches to the Indian consumer, industry experts say. The National (Abu Dhabi, United Arab Emirates) (17 Oct.)  | What if there was a gold mine of data that was going untapped by your data decision-making programs? Today, the role of video can extend far beyond security. Data gathered from video surveillance can now help decision makers actually grow a business rather than just protect it. Download this free white paper and learn how video analytics can translate to competitive advantage. |
 - Mothercare could quit Britain, focus on the world
Mothercare has gone through several major changes under new chairman Alan Parker as it struggles to regain favor with UK consumers, including last week's departure of CEO Ben Gordon. Now some analysts say it may make sense for the company to close its 373 UK stores and focus on continuing to expand its global franchise business, which currently operates in 55 countries. The Guardian (London) (15 Oct.) - Sources: Best Buy may close its UK stores
Best Buy is reportedly considering closing its 11 large-format stores in the UK. "We are now conducting our evaluation with our partners and will provide an update in due course," a company spokesman said. MarketWatch (16 Oct.)  | Payment card data can be a primary target for criminals who feast on improperly stored information. Is your business at risk? Protect your company with First Data® TransArmor®. With multiple layers of security, the TransArmor solution is raising the bar on card data protection. Offering the best defense against fraudsters, nothing beats TransArmor solutions. |
 - 2 Wal-Mart China executives resign amid store closures
Wal-Mart's top two executives in China resigned after the government in Chongqing province ordered the chain to temporarily close 13 stores over food-handling and labeling issues, the company said Monday. Wal-Mart Asia President Scott Price will temporarily take over for departing CEO Ed Chan, and the company will name a replacement for Clara Wong, the senior vice president for personnel, who also resigned. The New York Times (tiered subscription model) (17 Oct.) - Tokyo department store to focus on men
Japan's Hankyu department store in Tokyo's trendy Ginza district has created a shopping oasis for men among the many fashionable shops that cater to women. Hankyu Men's Tokyo, which opened Oct. 15, sells a wide variety of men's clothing and accessories. Asahi Shimbun (Japan) (16 Oct.)  | Move beyond credit risk defense. Gain the power to grow with BusinessIQ℠. For a limited time, you can see the benefits of Experian business information for yourself with a 30 day free trial* of our commercial credit reports and scores – with no strings attached. |
 - Amazon leads the e-reader revolution in the UK
Amazon is expected to make waves in the UK this holiday season, with both the budget version of its e-reader and the new Kindle Fire that's expected to rival Apple's iPad. Pricing and consumers' familiarity with Amazon have made the Kindle the only major e-reader in the UK. The Telegraph (London) (15 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. |
 | Spotlight on Mass Merchandise |  |  | | |  | - Waitrose, The Co-op tell suppliers to cut prices
UK chains Waitrose and The Co-operative are the latest to seek substantial price cuts from their vendors, following similar moves by other retailers including ASDA and Marks & Spencer. The moves come amid growing price wars, and supplier groups say it's unfair to expect them to absorb the losses. The Daily Mail (London) (16 Oct.) - US program speeds delivery for some Palestinian merchants
Palestinian merchants and manufacturers that do business in Israel often face lengthy delays at the three freight transit points along the West Bank, where their goods have to be inspected and then loaded onto Israeli trucks for the final leg of the journey. A US program has created "fast lanes" to speed up the process for companies that the Israeli government deems "known traders." Bloomberg Businessweek (17 Oct.)  | Improve Holiday Sales Results with Tools from Akamai!
Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never to soon to focus. Download Akamai's Holiday Toolkit now! |
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