  | Global retail industry news |  |
| Global Industry Watch |  |  | | - UK equity firm makes bid for Australia's David Jones
UK-based private equity firm EB Private Equity has made an unsolicited $1.67 billion bid to buy Australian department store chain David Jones, the company said Friday. The retailer is struggling with slower sales and falling profits as consumer spending declines and online shopping continues to command more market share. Google/Agence France-Presse (29 Jun.)      - New law opens up new markets for Canada's wine merchants
A newly passed law in Canada removes a federal ban on wine shipments between provinces, taking the federal government out of the equation and letting the provinces set their own trade restrictions for wine. Supporters say the measure will open up new markets across the country, while some opponents worry the move may drive up prices. Calgary Herald (Alberta) (28 Jun.)  | Earn 5X Points on select Business Expenses for the first 3 months†
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  - Tesco's Clarke to take the stage at shareholder meeting
Tesco CEO Philip Clarke was expected to face tough questions from shareholders at the retailer's annual meeting Friday, as the UK's largest retail chain struggles to turn around lackluster sales and profits. In January, Tesco issued its first profit warning in two decades, and share values have declined 22% in the past 12 months. The Wall Street Journal (28 Jun.) - Report: More wealthy shoppers look to discount chains
A growing number of wealthy UK consumers will turn to discount chains including Aldi, Lidl and Iceland for their weekly shopping trips this year, according to IGD. "While they remain a small part of the overall grocery market [at 4.5%], discounters have been broadening their appeal to help even higher-income shoppers to tighten their belts," said CEO Joanne Denney-Finch. The Grocer (U.K.) (27 Jun.)  | Knowing your customer better comes with undeniable benefits. But challenges arise from behaviorally-targeted advertising with critical caveats on the management of personally identifiable information. Learn to balance profitable marketing, regulation and consumer trust in this FREE white papaer. |
 - Philippines woos Uniqlo manufacturing deals
The trade arm of the Philippines government is working with Japan-based Uniqlo parent Fast Retailing to boost the brand's presence in the country, in an effort to convince the retailer to shift some if its manufacturing there. "When their business grows, the next thing they will think about is setting up a manufacturing facility here," said Trade Undersecretary Cristino L. Panlilio. Philippine Daily Inquirer (29 Jun.) - Lower price beats brand loyalty in China
Chinese consumers don't show great brand loyalty when it comes to household goods they use and replace on a regular basis, and they show the least loyalty to brands of cookies, fabric detergent, juice and facial tissue, according to a recent Bain & Co. survey. "Chinese shoppers are pampered by having an abundance of brand choices. Hence it is increasingly difficult for big brands to stand out from the clutter," said Kantar's Jason Yu. China Daily (Beijing) (29 Jun.)  | You've heard about the switch businesses are making to VoIP phone systems but are they right for your business? With more features and lower costs, the answer is probably yes. But don't take our word for it. Read Ziff Davis' Phone Systems Buyer's Guide and Comparison Guides, FREE with your registration. |
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 | Spotlight on Fashion | | | | - India's Turtle to expand retail presence abroad
India-based men's shirt maker Turtle plans to add 50 retail stores in across India during the next two years, and will also expand its presence in international markets including Europe and the Middle East, the company said. Turtle has teamed with Milan-based Massimo to create new lines for Europe, the company said. Business Standard (India) (28 Jun.) - Retailers respond to Milan's menswear shows
Sportswear, separates, light fabrics and bright colors filled the runways in Milan this week, showing off the looks upscale fashion chains and department stores expect to display next spring and summer. "Color continues to be a driving force for men. The bright colors are very exciting, especially in pants," said Neiman Marcus men's fashion director Matthew Singer. Women's Wear Daily (subscription required) (27 Jun.) - India's men step into high-end shoes
Men in India are growing more open about their appreciation for stylish shoes, driving up sales and making the market more attractive for global footwear brands. "Men's love affair with their shoes is gathering a lot of steam," said Darshan Mehta, CEO of Reliance Brands, which retails Steve Madden, Diesel, Zegna and Timberland in India. LiveMint.com/The Wall Street Journal (India) (25 Jun.) | NRF News | | | | - KPMG global retail director talks trends for 2012
With cost-containing initiatives out for retail executives in 2012, many will look toward investing in strategies that will optimize their online and mobile platforms to increase sales and customer satisfaction. In a post on Retail's BIG Blog, KPMG's Global Head of Retail Mark Larson discusses retailers' most important initiatives for 2012 and top themes in NRF Foundation's "Retail Horizons: Benchmarks for 2011, Forecasts for 2012" report. Read more.
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