Monday, April 9, 2012

Shareholders push Tesco to pull out of US, banking

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09 April 2012
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Global retail industry news

  Global Industry Watch 
 
  • Shortage of retail space slows US chains' move to Canada
    US retailers eyeing expansion into Canada are finding a shortage of suitable real estate to set up shop, experts say. The country has far fewer malls than the US, with only two enclosed malls built since 1989, and high occupancy rates leave fewer options for merchants looking to move north, said Sam Winberg, co-founder and principal for Northwest Atlantic (Canada). Calgary Herald (Alberta) (05 Apr.) LinkedInFacebookTwitterEmail this Story
  • Other News
Data powers all your online channels and as a marketer you are involved with how this information is being used to reach customers. Federal regulations require protection of that consumer data to avoid potential risks and lawsuits. Watch these videos to learn how to create a comprehensive data privacy strategy.
  Retail in Europe 
 
  • UK retailers see 15% rise in insolvencies
    UK retail insolvencies rose 15% in the first quarter, with 69 companies entering administration compared to 60 in the year-ago quarter, according to Deloitte. "As online retailing continues to grow while overall spending is weak, the fixed costs and poor performance of some stores drags on the overall business," said partner Lee Manning. The Independent (London) (09 Apr.) LinkedInFacebookTwitterEmail this Story
  • Shareholders push Tesco to pull out of US, banking
    Tesco shareholders are reportedly increasing pressure on the company to scrap US retail stores that have been slow to take off and a banking business fraught with IT issues, and focus on improving its core UK grocery business. The company's market share is now at a seven-year low, and shares have fallen 21% in the past year. The Guardian (London) (08 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
  • Planet Blue to give Japan a preview
    Southern California apparel retailer Planet Blue will open a week-long pop-up shop in Tokyo's Isetan department store next month, a preview of a permanent store set to open next spring. The chain's five US stores are already a major attraction for Japanese tourists, and Japan has been a top e-commerce market for the brand for the past three years, the company said. Women's Wear Daily (subscription required) (06 Apr.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Tupperware bets on beauty for Brazil growth
    Tupperware, known in the US for its plastic food storage containers, has taken a separate path to growth in Latin America. The company spent $557 million in 2005 to acquire six beauty-product brands, after realizing the region's consumers spend about 20 times more on cosmetics and creams than they do on food containers. Today beauty products comprise 26% of Tupperware's revenue. The Wall Street Journal (05 Apr.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
 
  • Amazon opens store for Spanish-language e-books
    Amazon launched Tienda Kindle, which sells about 30,000 Spanish-language e-books. "Publishers recognize that globally, Spanish is a primary language," said Seneca Mudd, director of the Interactive Advertising Bureau's Multicultural Council. "These moves represent the magnitude of the Americas as a hemispheric marketplace." FoxNews.com (05 Apr.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Mass Merchandise 
  • Wal-Mart rolls out skills program for women factory workers
    Wal-Mart has launched a five-year empowerment program designed to teach life skills to women who work in the factories that make goods for the retailer. The program, part of a larger global women's empowerment initiative, will roll out in Bangladesh and India this year, and will include leadership training for about 8,000 participants. Women's Wear Daily (subscription required) (05 Apr.) LinkedInFacebookTwitterEmail this Story
  • H&M makes moves toward greener production
    Factories producing goods for Sweden-based fast-fashion retailer H&M boosted their use of lower-impact solvents, recycled polyester and organic cotton, the company revealed in advance of its annual corporate sustainability report to be released Thursday. The Guardian (London) (07 Apr.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Best practices to obtain competitor price data
    When it comes to gaining a tactical advantage on your competition, your business doesn't benefit by cutting corners. In a new addition to the Shop.org white paper library, Ugam Interactive explains the differences between monitoring and mapping competitors' websites that can give retailers a strategic advantage in product pricing while also keeping margins where you need them. Download the white paper. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
One cannot think well, love well, sleep well, if one has not dined well."
--Virginia Woolf,
British writer


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