  | Global retail industry news |  |
- Loblaw appears to be losing ground to Metro
Loblaw and Metro are battling to woo customers in Canada's grocery market as Wal-Mart Canada bolsters its food offerings. Metro and Loblaw are battling for unit sales as the grocery market is seeing little or no overall growth. "Metro's tonnage growth has been better than Loblaw's for at least four or five quarters now," said Brian Yarbrough, a retail analyst at Edward Jones. The Globe and Mail (Toronto) (16 Nov.)      - Hugo Boss to expand in US on positive outlook
Hugo Boss is optimistic about its holiday business in Europe and the US despite concerns about the economy and the eurozone debt crisis. "The buying behavior is better than the mood," said CEO Claus-Dietrich Lahrs. The German fashion house plans to add 20 new stores in the U.S. by 2015. "Long term, I continue to see the United States as a marketplace where we have strong growth momentum," Lahrs said. Reuters (16 Nov.)  | Making a big change starts with keeping a small promise.
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 - Louis Vuitton tackles dilemma of luxury retailers
Louis Vuitton faces a dilemma enjoyed by successful luxury retailers: how to stay exclusive while growing. Part of Vuitton's solution is to offer exclusive, invitation-only outlets. "What we have now is another layer on the cake," said Peter Collett, a psychologist, author and consultant. "You're not just bringing people into the shop, where anybody can come. You're going to bring people into the inner sanctum." Bloomberg Businessweek (16 Nov.) - Germany's Metro might delay appointment of new CEO
Metro's supervisory board plans to discuss at its Nov. 18 meeting a successor to CEO Eckard Cordes, who is stepping down following speculation that he no longer has the support of some of the company's board members. The retailing giant might postpone tapping a new CEO, a source said, as two strong candidates are in the running for the position. Bloomberg (16 Nov.), Reuters (16 Nov.)  - Ikea plans to build new shopping centres in China
Inter Ikea Centre Group China plans to invest more than €1.4 billion to develop shopping malls in China, according to Hai Wentian, deputy general manager for the company. IICG is striving to help spur development in the areas where it is locating its shopping centres, Hai said. ChinaRetailNews.com (16 Nov.) - India's Titan to acquire Switzerland's Favre Leuba
Titan Industries, which controls a majority of the organised market for watches in India, has agreed to pay €2 million to acquire Favre Leuba, the Swiss watch brand created in 1737. "The strategic rationale behind the acquisition is to complement and strengthen the existing watches brand portfolio of the company with a Swiss heritage brand," said Harish Bhat, chief operating officer of Titan's watches division. Business Standard (India) (17 Nov.)  | Face-to-face business events are proven to increase revenue, especially when held in a creative destination like Orlando. A recent economic impact study showed that for every $1 spent on business travel, companies benefited an average of $12.50 in increased revenue and $3.80 in new profits. Solve your business event needs and increase ROI in Orlando. |
 - House of John Galliano launches into cyberspace
The fashion label John Galliano has rolled out an e-commerce site called the Galliano Gazette. "The House of John Galliano is thrilled to be able to launch itself into cyberspace, and is excited to bring the elements of the Galliano Universe to e-commerce," according to the company. The Telegraph (London) (15 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. |
 | Spotlight on Consumer Electronics |  |  | | |  | - Game slashes forecasts despite Call of Duty launch
Game forecast a 7% drop in like-for-like sales this year fueling concerns about holiday sales in the UK. The retailer's outlook comes despite the launch of Call of Duty: Modern Warfare 3, which set sales records. "The overall video games market remains very challenging, despite strong title launches, and our guidance today reflects the extraordinary economic times in which we are operating," said CEO Ian Shepherd. Google/The Press Association (U.K.) (16 Nov.), The Guardian (London) (16 Nov.)  | Organizations who handle payment card data are obligated to comply with the Payment Card Industry Data Security Standard (PCI DSS). This whitepaper discusses how the TransArmor® solution can enable scope reduction, minimizing costs and effort of PCI compliance. |
 | NRF News | |  | | - As early promotions abound, half of Americans have started their holiday shopping
Looking to make the most out of their gift budgets this year, holiday shoppers are already out in full force, grabbing electronics, apparel, sporting goods and jewelry along the way. According to a recent NRF holiday survey conducted by BIGresearch, early Black Friday sales and special holiday offers have piqued many Americans' interest as over half have started their holiday shopping, up slightly from 48.9% last year. Read more.
| SmartQuote | | | |  | Over the course of a season, a miscue will cost you more than a good play."
--Jerry Coleman,
American baseball player  |
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