International Strategy
February 23, 2012
Iconix Brand Group reported that its fourth quarter net income rose 23 percent on increased sales. The company also announced it was forming a joint venture with Reliance Brands Limited, a part of the Reliance Industries Group, to expand in India.
February 23, 2012
French luxury products group LVMH Moët Hennessy Louis Vuitton SA will soon enter the retail jewelry business in India. LVMH may also introduce products from joint venture De Beers diamond jewelers in India.
February 22, 2012
The Collective Brands' Performance + Lifestyle Group, which owns globally recognized brands such as Sperry Top-Sider, Saucony, Keds and Stride Rite, announced that it's signed new agreements with partners in 10 countries to continue the rapid international expansion of several of its brands.
February 22, 2012
China, get your game on: Adidas is bringing "Linsanity" to you very soon. The German sports apparel company plans to roll out the New York Knicks’ phenom's jersey across its network of 6,700 stores in China and expects they'll be a hot-selling item, Adidas CEO Herbert Hainer said.
February 20, 2012
Gap plans to open 30 more stores in China in 2012. The company opened its first China location in November 2010, and the planned store openings will bring its China store count to 35 by the end of 2012. The expansion in China follows the company’s announcement in October 2011 that it would close 189 (21 percent) of its U.S. stores due to declining sales.
February 17, 2012
Sears Canada announced a revamped pricing strategy, lowering day-to-day prices by an average of up to 30 percent on a wide range of popular items, taking a page from rival Wal-Mart Canada's book. The move comes as Sears Canada faces increasing pressure to boost years of sales declines, part of a strategy from new chief executive Calvin McDonald to compete in a fierce retail market that is girding for the arrival of mass merchant Target next year.
February 16, 2012
Retailers from Forever 21 to Gap have rushed to Hong Kong to reach the 28 million Chinese tourists passing through last year. To do so, they're paying some of the world's highest rents. Hong Kong retail rents, which rose 32 percent in prime locations last year according to Savills Plc estimates, may climb more even as global economies and property markets slow.
February 7, 2012
Wal-Mart's Canadian unit will invest more than $750 million in 73 projects in the next 12 months, as the world's biggest retailer moves aggressively to stay ahead of competitors such as Target.
February 6, 2012
Collective Brands' Payless and its partners said that in 2012 they expect six store openings in Korea, as well as five stores each to open in Thailand and Vietnam.
