| Global retail industry news |  |
- Target stores to sell native cultural goods in Canada
Target will be required to sell "uniquely Canadian cultural products" as a condition of opening its first stores in Canada next year, the country's government announced on Friday. "We will be sharing details around our merchandising strategy at a later date. We have had ongoing conversations with our suppliers, including domestic suppliers, for some time now," said Target Canada spokeswoman Lisa Gibson. Canada.com/Postmedia News (06 Jul.)       | Top 5 HR Compliance Concerns for Small Business
Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issues — regulatory compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues. |
 - Tesco tries on friendlier face with new revamp
Tesco launched a $1.55 billion overhaul last year that's aimed at taking back market share by making the supermarket giant's stores friendlier and more inviting. A 30,000-square-foot store 40 miles north of London is one of the first to be revamped, with new signage and lighting, lower displays and additional employees available to assist shoppers. The Wall Street Journal (08 Jul.) - Report: UK women to spend more than $100,000 on lifetime wardrobe
The average British woman will spend $103,000 on clothing, shoes and bags during her lifetime, a number that shoots up to $160,000 for millennials, according to a report from Sure Women Linen Dry. The budget translates to 271 pairs of shoes, 185 dresses and 145 bags, the report says. CNBC (07 Jul.) - Italy's consumers stay home from summer sales
Italian consumers coping with higher taxes and economic and unemployment uncertainty didn't turn out and spend on the first day of retailers' annual summer sales, according to consumer group Codacons. Sales were down an average of 15% compared to last year, with malls and outlets seeing declines between 5% and 8%. The Sun (Baltimore)/Reuters (08 Jul.)  | Any business expanding globally needs to be aware of the complex and oftentimes stringent privacy regulations they'll encounter as they move into new markets. In the EU, for instance, a strict regulatory framework that could spell headaches for U.S. businesses who don't have the facts. Download this FREE eBook to avoid common pitfalls and streamline EU legal compliance. |
 | Retail in Asia |  |  | | - Carrefour puts India expansion on the back burner
French retailer Carrefour has reportedly slowed its plans to expand in India, where it currently operates two stores and was working as recently as late last year on finalizing leases for 10 to 12 new locations. The shift comes as the grocery and convenience store retailer copes with a worsening global economy and waits for India's government to finalize rules on direct investment by foreign retailers. Business Standard (India) (09 Jul.) | E-commerce Spotlight | | | | - Office Depot works to expand online sales in Europe
Office Depot expects to eventually make 75% of its sales in Europe via the web, encouraging online sales by catering to country-by-country differences in customers' needs and shopping preferences. "You should go that extra step and do things such as using native copywriters, not just a good translator, to convey your marketing messages and unique selling points more effectively," said senior manager Daniel Peters. Internet Retailer (06 Jul.) | Technology Solutions | | | | - Cielo to pay $670 million for US payments processor
Brazil-based payments processing company Cielo will acquire US-based Merchant e-Solutions for $670 million, in a deal designed to boost Cielo's services at home. "In addition, with the acquisition, Cielo gains a physical presence in Silicon Valley, a hotbed of technological innovation and currently the epicenter of the digital revolution in payments," Cielo said in a statement. Internet Retailer (06 Jul.) | Spotlight on Mass Merchandise | | | | - IKEA aims to launch in India soon
IKEA expects government approval soon for its plans to start operating retail stores in India, the company said Saturday. "It takes time to be able to fully live up to all the requirements and we need to have a long-term strategic outlook and partnership with key stakeholders over a period of time," said spokeswoman Josefin Thorell. The Wall Street Journal (07 Jul.) - US suit maker set to expand domestic manufacturing
New York City-based Freemans Sporting Club is seeing growing demand for its $4,000 handmade suits crafted by tailors in its 1,000-square-foot studio. Business is so good that the company is seeking new manufacturing space in the city. "We're not going to be the guys who make things in China with an American flag on the front. It's important to us to support local manufacturing," said co-owner and managing director Kent Kilroe. Crain's New York Business (08 Jul.) | NRF News | | | | - How cloud technology can revolutionize the supply chain
In the retail supply chain, it's essential to know what's going on and what is where at any given moment. At NRF's Global Supply Chain Summit in Atlanta, GT Nexus co-founder and CMO Greg Johnsen explained how cloud technology is changing the supply chain industry and presented steps for easing your company into this very complex solution. Read more. Retail's BIG Blog (08 May.)
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