   | Global retail industry news |  |
- Massmart plans to build supply bases in African nations
South African officials are encouraging the nation's Competition Tribunal to reconsider Wal-Mart Stores' acquisition of Massmart Holdings over concerns about job losses. Meanwhile, Massmart is moving forward with plans to develop supply bases across Africa. "We have a strong belief and confidence in the potential of the local supplier base," said Massmart CEO Grant Pattison. Bloomberg (06 Oct.)       - Shortlist of possible buyers for Emperia retail unit emerges
Intermarche is one of several companies on a shortlist of potential suitors for the retail arm of the Polish firm Emperia, according to sources. Poland's retail sector has been undergoing a series of ownership changes and the potential sale of Emperia's Lewiatan, Groszek and Strokrotka stores could spur the trend. Reuters (06 Oct.) - Russia's Magnit considers ways to raise capital to fund growth
Magnit, one of the biggest food retailers in Russia, said that it is looking into ways to raise capital to help fund its expansion. The retailer said it might issue more than 10 million new shares. Oleg Goncharov, a spokesman for Magnit, said a final decision has yet to be made. Reuters (06 Oct.)  | Improve Holiday Sales Results with Tools from Akamai!
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 - Rupee's decline drives up cost of electronics in India
Acer, Onida, Lava, Samsung and other consumer electronics manufacturers are raising prices of laptops, mobile handsets and other products as the rupee has fallen against the dollar. "Rupee depreciation is too steep to be absorbed fully. So, a part of increased cost burden is being passed on to consumers," said YV Verma, chief operating officer at LG Electronics India. The Economic Times (India) (06 Oct.)  | Privacy & Online Behavioral Advertising: What's Next?
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 - Armani debuts global online store
Giorgio Armani unveiled a new e-commerce website this week that's billed as the fashion house's first global flagship. Five of the store's brands for men and women will be available in 30 European countries, the US and Japan. Women's Wear Daily (subscription required) (05 Oct.) - EBay executive: India to become top e-commerce hub by 2015
India is poised to break into the top 10 list of e-commerce hubs in the next four years, as the country works to overcome 3G and broadband connectivity issues, said eBay India executive Deepa Thomas. "Bangalore has immense potential as it is active on all fronts like e-commerce, imports and exports." The Times of India (04 Oct.)  - Prada outlines expansion plans
Prada has announced plans to double the number of stores it has around the world in the next few years. The fashion giant plans to open 80 new stores annually, taking its total to 550 outlets by the end of 2013. China and other Asian nations are said to be key to Prada's expansion plan. ChinaRetailNews.com (05 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. |
 | NRF News |  |  | | - NRF forecasts US holiday sales increase of 2.8%
Though several economic indicators paint a solid picture for the holiday season -- including 14 consecutive months of US retail sales growth and a substantial reduction in household debt -- continued consumer uncertainty over the stock market, higher gas and food prices, fiscal policy and sputtering job growth will impact spending this holiday season. Slightly higher than the ten-year average holiday sales increase, NRF forecasts US holiday retail sales for 2011 to increase 2.8 percent to $465.6 billion. Read more.
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