 Global retail industry news |  | - Consumers pressure major retailers on sustainable living
Major retailers in Britain say that they are seeing increased demand among consumers for information about how to live a sustainable lifestyle. The public likely would have turned to the government for this sort of thing a decade ago. Today, they are putting pressure on retailers, resulting in a delicate balancing act. The Guardian (London) (10 Nov.) - Canadian Tire reports 36% surge in quarterly earnings
Canadian Tire exceeded expectations by posting a 36% rise in quarterly earnings, citing increased retail sales, the inclusion of Forzani Group in its results and a reduced tax rate. "FGL sports is clearly a growth story. Our goal is to build a sports super brand," said Michael Medline, president of the Forzani Group. "We see opportunities for growth in square footage in our core banners and improvements in in-store performance." MarketWatch (10 Nov.), Canadian Business/The Canadian Press (10 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! |
- Germany's Edeka reportedly bids for supermarket chain C1000
Edeka, a German retailer, is one of the suitors making offers for C1000, one of the largest supermarket chains in the Netherlands, a source said. PVC, the private equity owner of C1000, is looking to fetch as much as €1 billion for the chain, according to the sources. Reuters (10 Nov.) - Mid Europa and Penta Investments bid for Strokrotka
Mid Europa Partners and Penta Investments are in the running for acquiring Strokrotka of Poland, sources said. "Two bids have been made for Stokrotka: Penta's and Mid Europa's. Mid Europa offered more. The offer value is 700-750 million zlotys ($215-$231 million)," a source said. Reuters (10 Nov.) - Sainsbury's King discusses expansion efforts
J Sainsbury CEO Justin King said the company continues to invest in the British economy by opening more than a million square feet of space this year. Shoppers in the north of England welcomed the new Sainsbury stores, King said. "We have received letters from local councillors and residents saying thank you for freeing them from the tyranny of no choice," he said. The Telegraph (London) (09 Nov.)  | Key Steps Business Owners Should Know About Successful International Payments. This American Express® guide helps you streamline FX payments. Includes FX payment provider profile, how to simplify payments, and insightful FAQ. |
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 NRF News |  |  | | - Retail shines as US October employment figures released
Last week's monthly employment report by the US Bureau of Labor Statistics was met with mixed reviews, but one thing is certain: retail still shines as a steady and significant contributor to employment. In a recent post on Retail's BIG Blog, NRF's Tita Freeman shares why the strength of America's retail industry should not be underestimated. Read more. SmartQuote |  |  | |  | Once we believe in ourselves, we can risk curiosity, wonder, spontaneous delight, or any experience that reveals the human spirit." --E.E. Cummings, American poet  | | | This SmartBrief was created for cpgbrokers.data@blogger.com |
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