Monday, November 7, 2011

Fast Retailing seeks takeover targets in Europe and US

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07 November 2011
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Global retail industry news

  Global Industry Watch 
 
  • Fast Retailing seeks takeover targets in Europe and US
    Japan's Fast Retailing is interested in making acquisitions in Europe and the US as sales at its Uniqlo stores declined in its home market for the third consecutive month. "If there is a chance to do M&A in the future, we're thinking of doing it," said CEO Tadashi Yanai. "It won't be something small, but a company of equal size or bigger." Bloomberg (06 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail in Europe 
 
  • Retail sales in euro zone fell 0.7% in September
    Retail sales across the euro zone dropped 0.7% from August to September, according to the EU statistics office. The decline came despite a 0.4% increase in sales in Germany. Sales in Spain were down 1.7% as the nation continues to struggle with unemployment. Reuters (07 Nov.) LinkedInFacebookTwitterEmail this Story
  • Best Buy abandons plans for chain of European stores
    Best Buy is reining in its overseas ambitions in an effort to concentrate on its U.S. operations. The consumer electronics retailer has decided to forgo its plans for a chain of stores across Europe. Best Buy is also planning to buy out Carphone Warehouse Group from its US mobile phone venture. The Telegraph (London) (06 Nov.), Reuters (07 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Gap plans to accelerate expansion plan in China
    David Zoba, senior vice president for global real estate at Gap Inc., said that the clothing retailer expects its business in China to become a billion-dollar operation in three or four years. Gap currently has eight outlets in China and plans to nearly double that by the end of January and have as many as 45 by the end of January 2013, Zoba said. Bloomberg (03 Nov.) LinkedInFacebookTwitterEmail this Story
  • Claire's Stores aims to expand presence in Asia
    Claire's Stores, the Chicago-based fashion jewellery and accessories retailer, has a significant presence in North America and Europe and is now aiming to expand in Asia. DLF Brands plans to bring the US retailer to India, with the first Claire's set to open in New Delhi before the end of the year. The Times of India (07 Nov.) LinkedInFacebookTwitterEmail this Story
Consumer and Industry Insights Your Brand Needs to Know
Join Forrester Research and TRUSTe as they discuss research detailing what consumer understanding, fears, and ensuing regulatory pressures around behavioral advertising. This is a must-attend web event for Brand Managers, Advertising, and Marketing decision makers. Register Now: Thursday November 10th, 11am PT / 2pm ET
  Retail in Latin America 
 
  • Chile's La Polar confident it will avoid bankruptcy
    The majority of La Polar's creditors are backing a capital raising, allowing the Chilean retailer to avoid bankruptcy. "We're confident that (the capital increase) will be approved on Monday," said Cesar Barros, La Polar's newly appointed president. Reuters (04 Nov.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • China's major online book retailers offer promotions
    Online retailers in China are offering promotions to boost sales of books, a move experts say might be a way for companies to ramp up sales in other categories. Suning.com, for example, recently launched a retail book channel where it offers customers coupons up to the value of their purchase or 300 yuan, whichever is lower. China Daily (Beijing) (05 Nov.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Mass Merchandise 
 
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  NRF News 
  • NRF's 2011 Holiday Headquarters is open for business
    This may be our third year opening NRF's Holiday Headquarters, but 2011 has brought on a few fresh twists, including interactive charts and a professionally-designed Holiday Survival Kit. If you're a retailer, reporter or even just a very engaged and interested consumer, you can access all of NRF's holiday press releases, survey results, top trends, guidelines, blog posts, frequently asked holiday questions and, of course, historical holiday information all in one spot. Learn more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
All growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience."
--Henry Miller,
American novelist and painter


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