| Global retail industry news |  |
- Law means more merchants will open on Canada Day
A federal law in Canada that extends official holidays to Monday when the actual date falls on a Sunday means more retailers will have to stay open and require staffers to work on Canada Day this year. Some retailers in Nova Scotia are pushing the province to pull away from the law. "Retail is a seven-day-a-week business now. So celebrate it on the day that it happens and therefore you avoid a lot of these problems," said Jim Cormier, Atlantic director of the Retail Council of Canada. The Chronicle-Herald (Halifax, Nova Scotia) (14 May.)       | What Data Thieves Don’t Want You to Know:
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 - Firms set to bid up to $1.3 billion for Global Blue
Private equity firms TH Lee Partners, BC Partners, EQT and Silver Lake Partners, which has partnered with Switzerland's Partners Group, are all expected to put in their bids next week to acquire Switzerland-based tax-free shopping company Global Blue. The company, which offers services through more than 270,000 global retail outlets, is expected to fetch as much as $1.3 billion, bankers said. Reuters (14 May.)  - Japan's retailers market to China's middle class
Retailers in Japan accustomed to catering to wealthy tourists from China have ramped up their efforts to serve the growing number of middle-class Chinese who have been visiting since Japan relaxed visa rules last fall. Gap will open the first Old Navy store in Tokyo this summer, and other stores have been increasing their inventories of lower-priced goods. Asia News Network (14 May.)  | Where Government Actions Meet Business Decisions.
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 | E-commerce Spotlight |  |  | | | Technology Solutions | | | | - Canadian banks agree to develop mobile payments
Canada's six largest banks agreed on voluntary guidelines to develop mobile payment systems at the country's retailers, according to the Canadian Bankers Association. The move came after a December government report that found that the banks dominate the system, keeping innovators from entering the market, and the country risks falling behind Europe and the US. Bloomberg Businessweek (14 May.) | Spotlight on Grocery | | | | - M&S rolls out budget-friendly private-label line
Marks & Spencer will launch a 500-product line of lower-priced staples called Simply M&S, going head-to-head with Waitrose's Essentials line and Tesco's Everyday Value brand. "I think this new range will help shift the perception shoppers have that M&S is out of reach financially, or is somewhere that you go infrequently for treats," said retail analyst Bryan Roberts. The Guardian (London) (11 May.) | NRF News | | | | - How Sears adjusts the supply chain model for an omnichannel reality
Fulfilling the marketing promises made to customers often relies on the effectiveness of the retailer's supply chain model, and according to Sears Holding Corp. SVP and Supply Chain President Raj Penkar, supply chain professionals have to be a little more innovative to meet these demands. At NRF's Global Supply Chain Summit in Atlanta, Penkar explained how Sears' new distribution strategy has enabled it to meet these challenges and deliver on more than 90 percent of online orders the next day. Read more. Retail's BIG Blog (08 May.)
| SmartQuote | | | |  | Do what you can, with what you have, where you are."
--Theodore Roosevelt,
26th U.S. president  |
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