| Global retail industry news |  |
- Hong Kong-based YGM makes bid for Aquascutum
YGM Trading has paid a £500,000 deposit to nail down an exclusive trading period with an eye on acquiring UK-based Aquascutum, the once-iconic trench coat brand that entered administration last month. Hong Kong-based YGM already holds the licensing rights for the brand in 42 Asian markets. The Wall Street Journal (03 May.)      - Study: Millennials in US, Canada cut back on spending
Consumers in the 18-to-34 age group are cutting back on their spending and growing increasingly focused on finding the lowest prices, according to new research from WSL/Strategic Retail. Some retailers are changing their strategies, including Montreal-based Le Château, which has upgraded its merchandise mix to appeal to bigger-spending baby boomers. The Toronto Star (02 May.)  | Sales leaders: feeling disconnected from your field reps?
Become relevant, connected, and effective. 150 clients are already using RealBiz Shorts to reach their teams and stay engaged in the age of the social enterprise. Click here to preview our library of videos. |
 - Waitrose takes on Tesco with new price-match guarantee
Looking to shake its reputation as a pricier grocery store, John Lewis-owned Waitrose has expanded its program that guarantees to match Tesco's prices to 7,000 items. "You just walk into our shops and the prices on the shelf will be the same as Tesco, so you benefit immediately," said managing director Mark Price. The Guardian (London) (02 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. |
 - April brings mixed sales results for Japan's retailers
April's changeable weather brought mixed sales results in Japan. Department store operators Isetan Mitsukoshi Holdings and J. Front Retailing reported higher same-store sales as the season for "Cool Biz" office attire approached, while specialty fashion retailer Uniqlo attributed its 6.8% decline to cool weather during much of the month. Women's Wear Daily (subscription required) (02 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. |
 - Kindle's popularity boosts e-book sales in UK
UK e-book sales increased 54% last year, and e-books account for 8% of book purchases, a trend driven largely by the popularity of Amazon's Kindle, according to The Publishers Association. E-reader sales hit 1.3 million during the holidays, with 1 in 40 adults receiving a Kindle. The Inquirer (U.K.) (02 May.)  | Technology Solutions |  |  | | - How digital tech is changing the face of retail
Some of the world's youngest citizens are learning to talk using iPad apps, a trend that's shaping up to change the face of retail when the youngest generations begin shopping, writes IdeaWorks chief Jon Bird. Tablets, mobile applications and even holograms that greet shoppers are already in place at retailers including Bloomingdale's, Neiman Marcus, Duane Reade and John Lewis. Inside Retailing Online (01 May.) | Spotlight on Consumer Electronics | | | | - Consumer electronics deals bring Metro larger losses
German retail conglomerate Metro reported a wider-than-expected net loss in the first quarter, a reflection of discounting and online investments aimed at boosting consumer electronics sales at the company's Metro-Saturn brand. "We are moving in the right direction, but it's still very early days and we have a lot of work to do," said CEO Olaf Koch. Bloomberg (03 May.) | NRF News | | | | - U.S. Customs and Border Protection shares new initiatives for retailers
As CBP begins to examine its role in the retail supply chain, the agency is planning several initiatives to better align with how retailers do business. At the NRF Global Supply Chain Summit, May 6 to 8 in Atlanta, Allen Gina with U.S. Customs and Border Protection will explain the new programs and how retailers can help assist in their evolution. Read more.
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