  | Global retail industry news |  |
- Australian retailers introduce direct import model
Australia's JB Hi-Fi has made good on a threat to launch a direct import model. The retailing giant warned that it would introduce such a model if it was unable to negotiate with suppliers on pricing issues. Other retailers are also eliminating the middle man by directly sourcing products. "We're doing some importing, and we're likely to increase that amount," said Hal Pritchard, chief executive officer and founder at Everten Online. SmartCompany.com.au (Australia) (21 Nov.)      - Dubai retailers prepare for challenging year
Retail rents in Dubai's malls are climbing and tourist numbers have fallen, resulting in what is expected to be a difficult year for retailers. "[Next year] will be the toughest year ever for retailing in the Middle East," said Hasit Kakkad, retail manager for Matalan. "You will see less European travellers and tourists with the squeeze on Europe, [and] in the big malls, the rents will always go up." ArabianBusiness.com (United Arab Emirates) (20 Nov.) - McDonald's recruits chefs to beef up global menus
McDonald's restaurants in international markets have upgraded their menus with sandwiches created by classically trained chefs, including Austrian chef Toni Mörwald, whose Surf & Turf burger debuted this week. Earlier this fall, Michelin-starred Italian chef Gualtiero Marchesi created two new sandwiches including the McItaly Adagio, an eggplant mousse made with tomato and ricotta salata cheese. BurgerBusiness.com (17 Nov.) - Alhokair considers acquisitions and selling bonds
Fawaz Abdulaziz Alhokair, a retailer based in Saudi Arabia, is looking into possible acquisitions and might turn to the bond markets to raise capital, according to Abdulrahman Moulay, chief financial officer at the company. "There are many opportunities. We are looking at the region and also outside, including the U.S., Commonwealth of Independent States (CIS) countries and Africa," Moulay said. "We expect to close some of the smaller acquisition deals before the end of the year." Reuters (21 Nov.)  | Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today! |
 - M&S seeks to make suppliers pay toward refurbishment
Marks & Spencer is in a dispute with its supply chain over plans to make suppliers pay toward its refurbishment. M&S has requested that 1.3% of their suppliers' annual sales go toward its £600 million "strategy for growth." At least one major supplier has rejected the plan and others are expected to do so as well. The Telegraph (London) (20 Nov.)   | 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 too soon to focus. Download Akamai's Holiday Toolkit now! |
 - Kathmandu plans to expand online presence
Kathmandu CEO Peter Halkett said the outdoor apparel retailer is planning to take advantage of opportunities presented to it by the Internet. The company plans to extend its reach, possibly to the US, Canada and Japan. "That project is under way now and probably by the middle of next year we'll be launching that platform," Halkett said. The New Zealand Herald (19 Nov.), Radio New Zealand News (21 Nov.)  | 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. |
 | Spotlight on Mass Merchandise |  |  | | |  | - Metro CFO Koch to succeed Cordes as CEO
Olaf Koch, 41, is poised to succeed Eckhard Cordes as chief executive officer of Germany's Metro. Koch, currently chief financial officer at the retailing giant, was named CEO following a contest with Joel Saveuse, who leads Metro's Cash & Carry division in Europe, the Middle East and northern Africa. Bloomberg Businessweek (20 Nov.)  | NRF News | |  | | - Save $400 on the 2012 NRF Global Supply Chain Summit
Advance registration for the 2012 NRF Global Supply Chain Summit is now open. The Summit, held May 6-8 in Atlanta, provides a unique environment for senior retail supply chain executives and strategic partners to network and collaborate with a focus on regulatory environment, corporate social responsibility and global trade management. Learn more.
| SmartQuote | | | |  | Rules and models destroy genius and art."
--William Hazlitt,
British writer, philosopher and historian  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.