| Global retail industry news |  | | |  | - Burberry woos Chinese who travel internationally
UK-based Burberry is expanding throughout China, but the luxury-goods company also is looking at Chinese consumers who travel overseas. "Over [30%] of our business in the UK today is to a Chinese consumer. They are free to travel there now and as a company we think not just [about] the Chinese market but how we cater to the Chinese consumer, with multiple dialects, in the top 10 flagship markets in the world," said Angela Ahrendts, CEO at Burberry. Financial Times (free content) (19 Sep.)       | Stop waiting for checks that are "in the mail."
Running your business can get in the way of actually doing business. With AcceptPay from American Express OPEN, the online payment and processing solution that helps you get paid faster, you can get back to business. Try it free for the first 60 days. AcceptPay.com. |
 - Analysts, retailers warn of end to low-priced fashions
Globalisation brought tons of inexpensive clothes to the UK and beyond, making fashion "disposable". Those days could be numbered, however, as retailers and analysts warn that the era of cheap chic is about to end. "The era of ever-falling prices [for clothes] is over," said Lord Simon Wolfson, CEO at Next. The Guardian (London) (19 Sep.)  | How to Get the Right Work Done
Are brush fires, busywork, and endless emails consuming your time and keeping you from your most important work? This Harvard Business Review Collection will help you focus on actionable tasks, self-impose deadlines, reorient your employees to take initiative, and more. Download this inexpensive collection here. |
 - Hublot is optimistic about growth prospects in Asia
Hublot, the Swiss watch brand owned by LVMH Moet Hennessy Louis Vuitton, is planning to more than double the number of stores it has in Asia. CEO Jean-Claude Biver is optimistic about the growth of the luxury market in China. "It's such a huge country that I see no limit for luxury brands," said Biver. "I might die in 30 years, so I see no limit. If I was now 10 years old, and I had the expectation to live to 100, eventually I could see a limit in 60 years. But for my lifetime, no limit." Bloomberg (17 Sep.) - Low pay prompts garment workers in Asia to protest
Cambodian garment workers recently staged a walkout to protest their low pay, encouraged by actions in other Asian nations. The monthly minimum wage in Bangladesh was boosted 80% to $43, but that increase was not enough to keep workers from rioting. The Cambodian government responded to the walkout with a proposal to discuss benefits of workers. "Those protests [in other countries] encouraged us," said Ath Thun, president of the Coalition of Cambodian Apparel Workers' Democratic Union. "Garment workers in those countries received more wages when they protested, so we thought we should, too, since our wages are also unacceptably low." Los Angeles Times (19 Sep.)  | When the dotcom bubble burst in 2000, it took the Network Equipment Providers (NEPs) industry with it. Ten years later NEPs are experiencing resurgent growth and are finding themselves challenged by a new set of market conditions. This complimentary whitepaper explores how to survive these challenges and the next wave of consolidation among NEPs. |
 - South Korean supermarkets embrace online sales
The largest supermarkets in South Korea are finally jumping on the online retail bandwagon after watching consumers slip away. Retailers and shoppers had been reluctant to go for online sales of groceries, but the situation has changed. Korean consumers are no longer interested in spending hours to choose their produce at a supermarket. Instead, they are enjoying the convenience of online shopping. The Korea Herald (Seoul) (19 Sep.) - Report finds online shopping may not be the way to go green
A report shows that consumers would need to buy about 25 or more items from a retail site rather than driving to a store to purchase the items in order to benefit the environment. The Institution of Engineering and Technology's report did find that carbon savings can be obtained by purchasing goods online, but only when certain conditions are met. Telegraph (London) (17 Sep.)  | FREE Facebook success sample class
Get a taste of what October's Facebook Success Summit 2010 has to offer with a class from Facebook expert Mari Smith. Discover how Facebook marketing can drive sales and grow profits for your business from 22 experts including Mari during the month-long FBSS2010. Click here for more information. |
 | Spotlight on Mass Merchandise |  | | | | NRF News | | | | - How Wal-Mart is lifting supply chain value
Sustainability experts Jeff Rice from Wal-Mart and Jim Sullivan of SAP will discuss how to lift supply chain value with forward-thinking environmental solutions during a 29 Sept. webinar presented by the Sustainable Retail Consortium and moderated by USA TODAY's Jayne O'Donnell. Webinar attendees will also review the top three sustainability challenges for 2011. Register now or learn more.
| SmartQuote | | | |  | One of the striking differences between a cat and a lie is that a cat has only nine lives."
--Mark Twain,
American author and humourist  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.