Global

Growing Global Sales

Once a year, international business professionals from the housewares industry gather at the IBC Global Forum to increase their global sales through education and networking. For more than 20 years, the International Business Council (formerly HECNA) has put together a strong, multi-day event to provide attendees with the tools needed to succeed in the global economy. And…

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.…

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…

gia Winners from 23 Countries Celebrated in Chicago

The International Home + Housewares Show and International Housewares Association (IHA), the global sponsors and organizers of the IHA Global Innovation Awards (gia) program, today announced the national gia winners of 2015-2016 – including 25 outstanding home and housewares retailers from 23 countries around the globe. The gia program was created by the IHA and…

Housewares Exports to the UK Market

Report and analysis by: Laura Spingola, Trade Resources Ltd. The United Kingdom represents a special market for U.S. housewares exporters. Ranking third among global markets for U.S. housewares exporters, many IHA members are active in the UK, yet many more new-to-export and experienced exporters should make “go/no-go” decisions about this important and inviting single market…