  | Global retail industry news |  |
- Ikea banks on bigger Canadian store to fend off rivals
Ikea's recently opened 427,000-square-foot Ottawa store is the company's largest store in Canada, and the Swedish furniture giant expects the new location to give the chain a leg up as competition heats up with the pending arrival of Target. Some industry watchers also say Ikea's larger presence is likely to take away more business from struggling independent furniture stores. Canada.com (07 Dec.)       | 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! |
 - Supermarket specials don't spur higher holiday spending
The number of products on special at the UK's three major supermarket chains rose to 37% from 35% in November, but the stores didn't see a corresponding uptick in spending, according to research from Nielsen. Discount retailers including ALDI, Lidl and Iceland are seeing increased traffic, and online ordering for in-store pickup is one area where grocers have seen growth in recent months. Brand Republic (U.K.) (07 Dec.) - Italia Independent opens shop in the Alps
Italia Independent opened a boutique in the Courmayeur ski resort in the Italian Alps this week, selling the brand's full line of menswear, accessories, frames and helmets. It's the third shop for the company, which was founded by Fiat heir Lapo Elkann. Women's Wear Daily (subscription required) (07 Dec.)  | 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. |
 - India opts against inviting foreign retailers
India's ruling Congress party, in the face of strong political opposition, has rescinded its decision to permit non-Indian retail companies to open locations in the country. The government will look to build "consensus" on whether to allow foreign retailers, according to finance minister Pranab Mukherjee. However, it's not known how quickly or even if the government will try again with the plan. The New York Times (tiered subscription model) (07 Dec.) - Planned mega-mall heats up retail rivalry in Bangkok
The Megabangna retail complex set to open next spring in the suburban Bang Na section of Bangkok has the city's existing retailers investing in upgrades and developers planning additional suburban shopping complexes. The new center will bring major international chains including Ikea and Zara to the suburbs for the first time. Bangkok Post (Thailand) (08 Dec.)  | 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! |
  | Are your ATMs at risk of "Skimming"? It's a costly crime that is sometimes hard to identify. Download this 6-page brief from 3VR to understand skimming and how to prevent it. |
 - High-tech logistics help Sainsbury's prepare for the holidays
Sainsbury's may not be the UK's biggest supermarket chain anymore, but its Waltham Point depot is one of the biggest grocery distribution centers in Europe. The center's 1,233 employees will use high-tech systems to keep 83 of the chain's stores stocked this season, moving mass quantities of products including 5.4 million mince pies and enough Coca-Cola to fill two Olympic swimming pools. The Guardian (London) (07 Dec.)  | Principles of Checkweighing - Building an Effective Program
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 | Spotlight on Consumer Electronics |  |  | | - UltraViolet set to launch in the UK
UltraViolet, a system that lets consumers buy lifetime rights to stream and download movies on up to 12 devices, will launch in the UK on Dec. 26. Tesco will give its loyalty card holders the chance to automatically register for free UV accounts, and existing companies including Netflix and LoveFilm will also support UV. The Register (U.K.) (08 Dec.) - Kesa sees slump as European sales slow
Kesa Electricals reported a loss in the first half of the year on slowing sales of consumer electronics in Europe. The company said last month it would sell its UK-based Comet chain to focus on retail efforts in other markets, including the Darty chain in France. Bloomberg Businessweek (07 Dec.) | NRF News | | | | - Is site sluggishness weighing you down?
Online retailers know that slow loading sites come at a high cost to marketers -- lower site conversion, increased customer abandonment, negative customer experience, even detriment -- but few have taken the steps necessary to optimize their site speed. In a recent addition to the Shop.org white paper library, executives from TagMan explore how online retailers should best manage site tags that will speed up third-party tags and overall page load times. Download the white paper.
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