| Global retail industry news |  | | |  | | Global Industry Watch |  | | | - Online retailers compete for Australian consumers
Australian retailers are facing competition not only from domestic rivals but from global online retailers. Australian consumers are finding that their buying power is increasing as the country's dollar surges toward parity with the US dollar. Also, many shoppers are finding that they enjoy the wide array of choices offered online. The Sydney Morning Herald (Australia) (13 Oct.)      - Retail sales increase 4.6% in South Africa
South Africa's retailers saw a 4.6% increase in sales in August, but economists had expected a jump of about 8.5%. The stronger rand reduced import costs and drove down inflation. "The strong rand will lead to further deceleration in retail inflation in coming months," said Kgotso Radira, an economist at Investec. "For the remainder of the year, we expect the rate of retail sales growth to slow, but remain positive." Bloomberg (13 Oct.) - Israel's Super-Sol dives into natural food retailing
Super-Sol, a supermarket chain in Israel, has launched the first branch of its new natural food retailing division in Ra'anana. Super-Sol Green features roughly 1,500 products, such as organic goods, health foods, cheeses and gluten-free items. Another three Super-Sol Green locations are planned for the centre of Israel by the end of 2010. Ha'aretz (Tel Aviv, Israel) (13 Oct.)  | What to do about High Cholesterol
Improvements in testing, medications and treatments have made high cholesterol a health risk factor you can do something about. This Special Health Report from the experts at Harvard Medical School helps you safeguard your health and make informed decisions about what to do and how to do it. Order here in paper or PDF. |
 - Tesco's incoming UK chief is optimistic, will consider Netto stores
Richard Brasher, the incoming CEO of Tesco's UK operations, expressed optimism about the trading conditions in Britain for grocery retailers as they head into the crucial Christmas period. He also said growth in the company's home market is "slow and steady", and he's happy with its performance. "We are growing market share, growing our customer [numbers] and adding new space, so I am happy." Brasher also said Tesco will consider acquiring Netto discount stores, which have been offered for sale by ASDA to resolve competition issues. "We will always look at stores available in the market," he said. The Wall Street Journal/Dow Jones Newswires (12 Oct.) , Bloomberg (12 Oct.) , Reuters (12 Oct.) - N Brown is confident profit will increase
N Brown Group, the Manchester-based home shopping group, said austerity measures should not affect its older clientele as the company expressed optimism that it will increase profits this year. CEO Alan White also said the government's spending cuts likely won't be as bad as anticipated. "It makes it sound like it is going to be absolutely desperate and then it won't be quite so bad. The actuality might not be quite as bad [as] some of the rhetoric that has been around," White said. Reuters (12 Oct.)  | This report provides a review and assessment of the strategic innovation options that CPG companies should examine. It also covers the need to develop a coherent innovation strategy across categories and platforms and for alignment with overall corporate strategy: Click here to find out more. |
 - Recent issues reveal difficulties in Vietnam shopping malls
Real estate developers have poured money into Vietnam in the past few years to build shopping malls. However, a dispute between retailers and the management company of the Kumho Asiana Shopping Mall in HCM City shows that the market can be a difficult one. The shopping mall has attracted few visitors, making it difficult for retailers to sell their wares. VietNamNet Bridge (12 Oct.)  | Handling your career in a down economy
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 | E-commerce Spotlight | | | | - Kogan to launch online site in UK
Ruslan Kogan said he will launch a version of his successful Australian online retail business in the UK soon. "We will be in the UK by mid-November -- we have containers on the way there at the moment and I can confirm that we have www.kogan.co.uk domain in our possession," he said. "There is no reason why Kogan can't be successful there." Current.com.au (Australia) (13 Oct.) | Spotlight on Luxury Goods | | | | - Burberry: Growth in Asia helped boost sales
Burberry Group reported an 11% increase in quarterly sales. The company saw an increase in demand for leather accessories and coats as well as growth in Asia as reasons for its improved sales. One analyst noted that the company is diversifying into more men's, children's, accessories and footwear lines. Bloomberg Businessweek (13 Oct.) | NRF News | | | | - Retail's BIG Show adds Sustainable Retailing Symposium to agenda
NRF is celebrating its 100th Big Show in a BIG way. This year Retail's BIG Show, 9 to 12 Jan. in New York, will host the International Sustainable Retailing Symposium, which will include more than 10 sessions focusing on the sustainability efforts, challenges and successes of retailers and vendors around the world. Read more.
| SmartQuote | | | |  | Platitudes? Yes, there are platitudes. Platitudes are there because they are true."
--Margaret Thatcher,
British prime minister,
quoted for her birthday, Oct. 13, 1925  |
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