Global Opportunities

Benefit from IHA’s International Business Council, which offers opportunities, education and insight to help members succeed in the global marketplace!

IBC Global Forum

The essential annual meeting for sales professionals and companies looking to grow their international business. The IBC Global Forum brings together strategic planning and pragmatic international information to facilitate sales and business development in key export markets. Extensive networking with housewares buyers, industry professionals and seasoned IBC members presents…

Home Retail Group shares soar as Steinhoff beats Sainsbury’s offer

The Guardian reported today that the parent of Argos, Home Retail Group found another bidder. As the Guardian reported, “Shares in Argos owner Home Retail group jumped 12% on Monday after the emergence of a £1.4bn rival offer from the South African retail group, Steinhoff.” For more information, click here.…

Lost in translation – Wal-Mart stumbles hard in Brazil

Reuters reported today that Wal-Mart’s challenges in Brazil continue to grow. The story says that “Some securities analysts have speculated Wal-Mart could exit Brazil, as well as other markets in Latin America where it is already closing an additional 55 stores.” For more information, please click here. …

Brazil Retail Sales Fell 4.3% in 2015

The Wall Street Journal reported Wednesday that “Brazilian retail sales declined in 2015 for the first time in more than a decade, as Latin America’s largest economy shows no signs of recovery from recession. “Retail-sales volume fell 4.3% last year, compared with the prior year’s expansion of 2.2%, the Brazilian Institute of Geography and Statistics, or IBGE, said Tuesday.…

Thirty-five percent of Chinese online shoppers bought goods from overseas

China Daily Europe has reported that Chinese consumers are reaching across borders to buy products. Several findings include: The United States remains the most popular destination for Chinese cross-border online shopping, while in 2015 Japan and South Korea took second and third place respectively. The overall incidence of Chinese cross-border online shopping has increased…

John Lewis to enter Middle East with Dubai tie-up

Reuters recently reported that John Lewis Partnership, Britain's largest department store group, is to enter the Middle East market, opening an outlet in Dubai next year as it steps up the pace of global expansion. Reuters said that “the employee-owned firm said on Monday the 15,000 square feet space, its largest such overseas concession, will open within the new flagship…

Lowe’s, Home Improvement Retailer, to Buy Rona of Canada for $2.28 Billion

North Carolina-based retailer, Lowe’s announced that it has “reached a friendly deal to acquire Rona”, a Canadian chain. According to the New York Times, “The acquisition will make Lowe’s the dominant home improvement company in Canada.” Read more here. …

China’s Consumers Begin to Awake

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…

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…