Industry Headlines: March 15
- Simon Widens Overseas Reach With Klepierre Stake in Europe: The $2 billion sale is the biggest the company has undertaken since 2010. (Bloomberg)
- Strong wage growth tipped to drag retail from slump: A little extra household money may make a big difference for Australian retailers. (Sydney Morning Herald)
- UK shopping centres attract foreign bids: High-end British shopping centres are highly sought after properties. (The Telegraph)
- Wal-Mart, Massmart Merger Approved in South Africa: The long saga of Wal-Mart’s move into the country seems to have come to an end. (Wall Street Journal)
- Sears aims for a new look – and new catalogue – ahead of Target’s launch: The US retailer’s arrival in Canada has other department stores working to get out ahead of it. (Toronto Star)
- Pop-up shops bolster retail strips: Reports show that pop-ups are having the intended effects. (The Age)
- Rise in retail sales points to healthy consumer: Last month’s gains have been the best U.S. retailers have seen in some time. Things are looking up. (Reuters)
- Gen Y Shoppers Want To Share, Boomers To Save: A generation gap extends to shopping habits, and how shoppers feel about good deals. (MediaPost)
- Westfield looks to electronically track shoppers: A look at this and other discussions about the changing face of retail.
- Broke young shoppers cramp retail sales: With young shoppers increasingly unemployed, working unpaid internships or back in school, brands that target the 18-34 demographic are suffering. (Financial Post)
