Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/dopuCaiGapCbvdapCidawJCicNxjTG
  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Canadian shoppers spent on Black Friday, Cyber Monday
Black Friday and Cyber Monday drove significant sales increases for Canada's brick-and-mortar and online retailers, with sales increasing 8.3% and 15.4% respectively, according to credit-card processor Moneris Solutions. "I think it's an indication of what the holiday season is going to be about," said Vice President Santo Ligotti. The Globe and Mail (Toronto) (02 Dec.)       - Europe's retail sales rose in October
Higher-than-expected retail sales in France and Germany offset declines in Spain and Portugal and led to an overall rise in Europe of 0.4% in October, compared to the month before, according to the EU's statistics office. Bloomberg (05 Dec.) - ASDA may take longer than expected to outpace Tesco
Wal-Mart's ASDA supermarket chain could take longer than originally expected to overtake Tesco as the UK's largest non-food retailer, the executive in charge of its George clothing brand said. A slowing economy and higher commodity costs could delay the company's goal beyond its 2015 target, but the retailer is moving forward with a plan to add 150 ASDA Living stores to boost non-food sales. Bloomberg Businessweek (03 Dec.) - Italian consumers tighten their belts for the holidays
Many consumers in Italy plan to spend their annual bonuses on bills and other necessities instead of holiday gifts this year, and those who are shopping are likely to hunt for bargains and trade down this season as confidence in the economy sags. Holiday sales could drop as much as 15%, said Pietro Giordano, secretary general of Rome-based consumer group Adiconsum. Bloomberg Businessweek (04 Dec.)  | What if there was a gold mine of data that was going untapped by your data decision-making programs? Today, the role of video can extend far beyond security. Data gathered from video surveillance can now help decision makers actually grow a business rather than just protect it. Download this free white paper and learn how video analytics can translate to competitive advantage. |
 - Jeweller Chow Tai Fook moves forward with $2.8 billion IPO
Jewellery retailer Chow Tai Fook expects strong sales growth in China, Hong Kong and Macau during the next decade, and the company is moving ahead with a planned IPO in Hong Kong. The offering aims to raise up to $2.8 billion, which the company will use to add stores in its three fastest-growing markets. Reuters (04 Dec.)  | Improve Holiday Sales Results with Tools from Akamai!
Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never too soon to focus. Download Akamai's Holiday Toolkit now! |
 | Retail in Latin America | | | | - Tariffs slow bike companies' business in Brazil
Increasing affluence in Brazil and Argentina is shifting bicycles from necessities for consumers who can't afford cars to recreational vehicles, making the market attractive to international companies. However, high tariffs and import duties aimed at protecting domestic bike companies makes it tougher for global companies to crack the markets. Bicycle Retailer and Industry News (02 Dec.) | E-commerce Spotlight | | | | - Rise of e-commerce in China comes with growing pains
Online retail in China is set to rise to $314 billion by 2015 and the number of online shoppers is on track to double to 329 million, according to Boston Consulting Group. The rapid rise comes with growing pains for big players, including Alibaba's Taobao, which has seen market share drop as more sophisticated consumers shift focus from price to quality and grow increasingly concerned about counterfeit products. The National (Abu Dhabi, United Arab Emirates) (05 Dec.) - Wal-Mart Canada improves e-commerce to keep sales at home
Wal-Mart Canada and other brick-and-mortar retailers have been improving their online offerings as part of an effort to keep Canadians from boosting spending at US online retailers including Amazon.ca. For the holidays, the Wal-Mart Canada's website is especially pushing electronics and toys, which Amazon doesn't currently sell in Canada. The Globe and Mail (Toronto) (04 Dec.) | Spotlight on Mass Merchandise | |  | | |  | - Dyson aims to end copyright infringement in China
Billionaire vacuum cleaner inventor Sir James Dyson's company won a patent infringement lawsuit against a Chinese manufacturer, but the factory is still turning out copycat versions of his products, he said. Dyson is pushing to end what he says is China's policy of quickly approving domestic patents while taking five years or more to approve those of foreign manufacturers. The Guardian (London) (04 Dec.)  | Principles of Checkweighing - Building an Effective Program
This essential guide is an invaluable resource of checkweighing information and a definitive reference providing an insight into all aspects of checkweighing from basic principles to implementation of a comprehensive program. Request your free copy now! |
 | NRF News | | | |
| SmartQuote | | | |  | It is better to use fair means and fail, than foul and conquer."
--Sallust,
Roman historian  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
