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Retail News Update
The Retail News Update(RNU) brings you the latest and relevant information on what is happening in Global Retail industry.
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2011 in review
2012-01-01 03:56:50
The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog. https://retailnu.wordpress.com/wp-admin/post-new.php?yib=2011 Here’s an excerpt: The concert hall at the Syndey Opera House holds 2,700 people. This blog was viewed about 38,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 14 sold-out performances for that [...]...
 
Pick n Pay ups shareholding in TM Supermarkets
2011-12-09 08:19:10
In a deal that will pump US$13 million into the Zimbabwean economy, SA's second-largest grocer Pick n Pay (PIK).... The TM Chain is controlled by Meikles Limited and is the largest chain of retail stores in Zimbabwe by number of stores, with 51 outlets... ...
 
Menicon to Acquire W.I. System, Major Contact Lens Retail Chain in Japan
2011-12-09 08:10:55
W.I. System operates 68 Tokyo-area retail stores and one franchise store that do business under the name Ace Contact or Ekicon. The stores offer primarily contact lenses, and also sell eyeglasses, hearing aids and nutritional supplements for pets. Established in 1989, W.I. System recorded sales of JPY 10.3 billion (USD 130 million) in the fiscal year that ended in May 2011....
 
IBM Buys Retail Forecasting And Merchandising Software Company
2011-12-09 08:02:24
IBM Buys Retail Forecasting And Merchandising Software Company DemandTec For $440M. DemandTec provides retailers and e-commerce companies with tools to transact, interact, and collaborate on core merchandising and marketing activities. ...
 
Rural India Laps up Diapers, Colognes, Sanitary napkins.
2011-12-06 00:19:03
P&G launched the country’s first lowpriced trial pack of two Pamper diapers two years ago, educated people in rural areas about the benefits of uninterrupted overnight sleep for babies; and ran an awareness campaign on Doordarshan and satellite channels. Result: Demand for diapers has grown 90% a year in the last couple of years. ...
 
The small-store owner is too important, nimble and innovative to be bumped off by big-box retailers in India.
2011-11-27 23:15:08
The big fight is about whether this new policy will kill small shops, massively destroy livelihoods and take away GenNext’s opportunities. Facts suggest otherwise. Consider the kirana, the one most feared to be at risk. About 5-6 million of the 8 million FMCG-stocking kiranas are in rural India, and are totally safe, as the new ones can only come into the top 53 cities....
 
Black Friday Sales Hits Record, Retail traffic and Foot-falls up.
2011-11-27 00:35:07
Retail sales on Black Friday climbed 6.6% this year to an estimated $11.4 billion, according to ShopperTrak, which tracks foot traffic at malls and stores. Last year, sales climbed just 0.3% to $10.7 billion, which was a record one-day sales amount at the time, according to the company....
 
India Paves Way for Wal-Mart, Tesco to Enter Market
2011-11-26 03:43:39
Wal-Mart India, said it can help reduce prices by improving supply chain and infrastructure to cut waste. About 40 percent of fruit and vegetables in the country rot before they are sold because of a lack of cold-storage facilities and poor transport infrastructure, according to government estimates....
 
Starbucks Looks to Bagged Coffee, K-cups to Grow
2011-11-16 03:52:54
The company wants to enhance the coffee-buying experience. The company is busy developing strategies to revamp its presence in supermarkets and other retailers.......
 
Family Dollar Expands Into California
2011-11-16 03:47:23
Family Dollar, one of the fastest-growing retailers, plans to open 450 to 500 new stores nationwide in 2012....
 
 
 
 
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