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| Global retail industry news |  |
- Survey: Canadian consumers poised to shop Target
About 61% of Canadian consumers plan to start shopping at US retailer Target when it enters the market next year, according to a survey from KubasPrimedia. The number goes higher among cross-border shoppers who are already familiar with the brand -- 90% of those consumers expect to spend money at Canada's Target stores, the survey found. The Toronto Star (07 May.)       | Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here. |
 - Nigerians become big spenders on London trips
Tourists from Nigeria spend more than Americans on shopping trips to London, and spread their business between luxury brands and mass-market merchants including Marks & Spencer and Debenhams, according to Global Blue U.K. Spending by Nigerians in the UK rose 32% in 2011 and accounted for 6% of foreign retail spending in the UK in March. Bloomberg (07 May.) - Halfords sponsors cyclists to promote bike business
UK-based Halfords launched its bicycle and cycling gear business five years ago in partnership with former Olympic champion Chris Boardman, and today owns 33% of the market. The company promoted its cycling products ahead of the Olympics with a 2,872-kilometer charity race from Greece to London. The Telegraph (London) (07 May.) - La Rinascente plans global expansion under new owners
Milan-based luxury department store chain La Rinascente is targeting Europe and Asia as it looks to open new stores modeled after its Piazza Duomo flagship. The expansion plans come a year after Thailand-based Central Retail Corp. acquired the retailer. Women's Wear Daily (subscription required) (07 May.)  | What Data Thieves Don’t Want You to Know:
How a multi-layered data security solution, including encryption and tokenization, protects data in transit, in use and at rest. When combined, these two technologies provide a powerful method for securing sensitive data wherever it exists. Get proof here. |
 - India's government clarifies 30% rule for foreign retailers
Foreign retailers that source goods from India's small- and medium-sized local businesses and sell them in other global markets may fulfill the 30% rule established earlier this year, the government said Monday. Additionally, sellers of precision goods such as luxury watches may be at least partially exempt from the rule if the suppliers they need can't be found in India. The Economic Times (India) (08 May.) - Metro cancels plan to expand to Indonesia
Germany-based retailer Metro Group said Monday it won't move forward with plans to open Metro Cash & Carry stores in Indonesia, opting instead to focus resources on markets where the brand is already established. Metro said last year it planned to debut a store in Jakarta this year and eventually open 20 stores in Indonesia with partner Sintesa Group. The Jakarta Post (Indonesia) (07 May.)  | How does your background check process stack up? A recent survey of small businesses shows that 45% of respondents reported discovering a person who was untruthful or misrepresented information. Dare to compare your process to the best practices of employment screening in this free small business spotlight report. |
 - Italy's Moncler vows to keep fighting counterfeits
Online sales of counterfeit fashions and other luxury goods in Italy total about 7 billion euros annually. After losing a lawsuit aimed at closing down hundreds of sites alleged to be using its name to sell fake goods, fashion brand Moncler has focused on adding safeguards to its e-commerce site to assure shoppers that they're buying the real thing. Internet Retailer (07 May.) - Belgian chocolate maker solves shipping challenge
Belgian chocolatier Pierre Marcolini opened his first shop in 1995 in Brussels, and opened his online shop in 2010 after his team spent a year working to perfect packaging that would keep the sweets from melting in transit. The result: a gel pack that keeps humidity out and maintains the right temperature for 48 hours. Internet Retailer (04 May.)  | Spotlight on Grocery |  |  | | - Delhaize to revamp Food Lion stores, cut prices
Brussels-based Delhaize reported a first-quarter net loss of €10 million due to restructuring costs associated with closing 126 US Food Lion stores. The retailer said it plans to revamp 510 Food Lion stores this year, and reverse course on price increases that led to declining sales and traffic. The Wall Street Journal (03 May.) - Ahold wins EU approval to acquire bol.com
Netherlands-based supermarket retailer Ahold won approval from the European Commission Monday to acquire online retailer bol.com's parent company Flevo Deelneemingen III for 350 million euros. Reuters (07 May.) | NRF News | | | | - NRF Global Supply Chain Summit kicks off in Atlanta
Retail supply chain professionals and strategic partners from across the globe gathered for an opening night reception in downtown Atlanta to commemorate the start of the second annual NRF Global Supply Chain Summit and EXPO. Over the next few days, attendees will discuss current issues in supply chain management, including a focus on the regulatory environment, corporate social responsibility and global trade management. Read more. Retail's BIG Blog (07 May.)
| SmartQuote | | | |  | The human mind treats a new idea the same way the body treats a strange protein; it rejects it."
--Peter Medawar,
Brazilian-British biologist  |
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