International Strategy

Why Am I Losing My Online Canadian Shoppers?
May 14, 2015 at 2:46 pm

Americans often affectionately call Canada the 51st state. Population wise, it would be the second largest state after California and the province of Ontario alone would be the fifth largest. U.S. online retailers are flocking to Canada as it was recently identified as an "ideal market" for retailers looking for cross-border e-commerce opportunities. However, as…

Lowe's Canada Acquires 13 Former Target Locations
May 12, 2015 at 4:43 pm

Home improvement retailer Lowe's has acquired the leases for 13 former Target locations in Canada, and plans to open up new stores that could employ as many as 2,000 people. The chain said it purchased the retail storefronts, as well as Target's former distribution hub in Milton, Ontario, for $151 million at an auction of the leases run by the court-appointed monitor overseeing the former retail chain's insolvency.

Global E-Commerce Tips, Tricks and Strategies
May 6, 2015

In a session during next week's Retail Marketing Virtual (RMV) Conference & Expo, two international commerce experts will discuss best practices for taking your business global, as well as the importance of being local and global at the same time. Carl Miller, founder and managing director of Global Retail Insights Network (GRIN), and Samantha Kent, director of international at the Thrillist Media Group, will share their thoughts on international payments, shipping and logistics tricks in an ever-changing international e-commerce market, and much more. 

Wal-Mart to Open 115 New Stores in China
April 29, 2015

Wal-Mart Stores Inc. plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm's chief executive said, in a renewed push to lure China's grocery shoppers despite slowing growth. "Our aim is to become an integral part of China's economy," Chief Executive Doug McMillon said at a news conference in Beijing on Wednesday. Wal-Mart's new push in China comes as global supermarket firms seek ways to tackle slowing growth in the world's second-biggest economy.

Target's Hasty Exit From Canada Leaves Anger Behind
April 21, 2015

Target's exodus from Canada has left gaping holes at some of the most prominent shopping centers across the country, the biggest symbol of an exceptional period of retailing turmoil. As Target Canada closed the last of its 133 stores this month — completing the parent company's hasty retreat from its first international expansion, a move that prompted a $4.5 billion write-down — many landlords were left holding properties whose fates are uncertain. They, along with many other creditors, argue that Target is abusing Canadian law at their expense as it leaves the country after less than two years.

Best Buy to Shutter Canadian Future Shop, Invest $160M Into Great White North
March 30, 2015

Best Buy announced Saturday that it's consolidating its Canadian division. Its namesake brand and the Future Shop locations it acquired in 2001 will now all function under the Best Buy name. Currently a large number of Future Shop and Best Buys are positioned side by side. As a result, 66 Future Shop locations are being shut down for good. The other 65 Future Shop locations will be shuttered for one week to complete the transition. Once they reopen, Best Buy will have 192 locations in Canada.

What Online Retailers Must Know Before Entering New International Markets
March 26, 2015

Merchants have an increasing appetite for international expansion through their e-commerce channels. Late last year, Digital River commissioned Forrester Consulting to survey 130 executives and decision-makers at branded manufacturers in the U.S. and U.K. We wanted to know more about how companies are thinking about international expansion. The results of the survey were clear: More than ever before, companies are focused on geographic expansion in new online markets, and they have aggressive expectations for speed to market and profitability. Here are a list of tips for companies that are on the brink of their first international expansion project: