Andy Kessler, former hedge fund manager, has a recent piece in the Op Ed section of the Wall Street Journal in which he says, “This trend toward consumerism is already under way—China’s big cities are plastered with ads for Porsche, Gucci and Apple products. Some 600 million Chinese have smartphones. Uber and local Didi Kuaidi are battling it out to offer rides. Airbnb is…
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Global Retail Intelligence
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Sainsbury Agrees on $1.9 Billion Deal for Home Retail Group
The Wall Street Journal reports that UK supermarket retailer Sainsbury has struck a deal to buy Home Retail group, parent of UK retailer Argos. Details are available from the Wall Street Journal here. (Subscription required) IBC Members may view the Key Retail Profiles on Argos and Sainsbury here. If you are a current IBC Member and need assistance with your username and…
CONTINUE READINGMexico: Online Retail
Article from: morningnewsbeat.com Bloomberg reports on how Mexico is becoming a hot market for online retailers. "In June," the story says, "Amazon.com Inc. began operating in Latin America’s second-largest economy -- where online retail sales, excluding travel and event tickets, are seen growing 30 percent to $5.7 billion this year, according to eMarketer. While Web-based…
CONTINUE READINGUK Retail – Asda to Delay Store Expansion in London
Article By Saabira Chaudhuri The Wall Street Journal Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., WMT 0.10 % on Monday moved to delay store expansion in London and scale back its “click-and-collect” program as the retailer works to reinvigorate its physical store base and fend off a pair of discounters that have badly squeezed its sales. The announcement…
CONTINUE READINGRetail News from Around the World: 4/9/2014
Walmart India Planning a long run in India, Wal-Mart to open 50 wholesale stores in next 4-5 years, to enter ecommerce, strengthen compliance procedures: "Wal-Mart is committed to India and we are excited about our growth plans and we will continue to focus on the cash-and-carry format as we are very happy with the way it has shaped up in the last few years," Walmart Asia…
CONTINUE READINGHECNA: Australia’s Most Powerful Retailers Revealed
This past fall, Australia trade publication, Inside Retail Magazine, published its list of the most powerful retailers and coming out on top was Grant O’Brien of Woolworths. “This year Woolworths’ Grant O’Brein comes in at number one. O’Brien succeeded Michael Luscombe as MD and CEO of Woolworths in October 2011 after previous roles as COO Australian food and petrol, director…
CONTINUE READINGRetail News from Around the World
Big Lots Plans Canadian Departure As Losses Grow As part of its third quarter earnings announcement, Big Lots revealed that it is pulling out of Canada after two years of effort didn't produce the traction the retailer expected. In its earnings announcement, Big Lots posted a consolidated loss from continuing operations of $9.5 million, or 17 cents per diluted share, versus a…
CONTINUE READINGRetail News from Around the World
Target will add 33 Canadian stores by year-end Target plans to open 33 stores next month in Canada, to end the year with 124 locations north of the border. The retailer has struggled to keep shelves stocked since entering Canada this year, and customers familiar with U.S. stores have been disappointed to find higher prices at home. "They're doing a better job of getting…
CONTINUE READINGRetail News from Around the World
John Lewis sees strong sales of baking products The popular BBC2 television series “The Great British Bake Off” is helping to drive sales on baking products at John Lewis. Measuring cups and spoons, palette knives, rolling pins, stand mixers and blowtorches are among the top sellers, according to Rebecca Fletcher, the department store group’s assistant buyer for…
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