American companies have been successfully manufacturing high quality OEM products in China for decades. Many of the goods produced at their Chinese partner factories are immediately exported back to America or other international markets for outside consumption. With China’s ever-growing middle class and government policies aimed specifically at increasing domestic consumption,…
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Global Opportunities
Benefit from IHA’s International Business Council, which offers opportunities, education and insight to help members succeed in the global marketplace!Housewares Export Council Becomes International Business Council
The HECNA Board has approved a rebranding of the Housewares Export Council to the IHA International Business Council (IBC). This will be officially announced just after the 2014 International Home + Housewares Show. In addition, the IHA Board has approved an elimination of dues for IBC beginning with the new membership year that will begin April 1, 2014. The elimination of…
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 READINGHECNA: The Two Latin Americas
Companies who sell to Latin America or those who wish to in the future will be interested in David Luhnow’s essay in this weekend’s Wall Street Journal entitled “The Two Latin Americas.” As Luhnow says, “There are two Latin Americas right now. The first is a bloc of countries—including Brazil, Argentina and Venezuela—that faces the Atlantic Ocean, mistrusts globalization and…
CONTINUE READINGHECNA Global Forum: Rethinking the 4 P’s
In today’s business-to-business environment, sticking to the traditional four P’s of marketing – product, place, price and promotion- has fostered narrow, product-focused strategies. Those strategies lead marketing and sales teams to stress product attributes that are no longer differentiators but are now simply the cost of market entry. Richard Ettenson, using insights from…
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 READINGHelpful Hints for HECNA Travelers
HECNA members who travel frequently should check out the following websites for intel and tips on how to be a safer and smarter traveler: Skift is a travel intelligence company that offers news, information, data and services to professionals in the travel industry and professional travelers to help them make smart decisions about travel. Simply put: Skift is the…
CONTINUE READINGAustralian Trade Mission Recap
From November 10-15, twelve IHA-member companies took part in the IHA sponsored Australia Trade Mission in Sydney and Melbourne. Attendees had the opportunity to visit key housewares retail stores and shopping malls to complete a competitive analysis of market opportunities. Meetings also took place with many key retailers including: King of Knives Howards Storage World Hard…
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