  | Global retail industry news |  | | |  | - Retailers learn from downturn as global economy recovers
At the World Retail Congress 2010, retailers shared stories of lessons learned during the economic downturn as well as the ongoing recovery. The effect of the downturn was understandably different across various sectors and economies. Other factors, including advancements in technology, also played a role. The global entertainment retail chain HMV, for example, had to shift gears to battle the digital revolution. The Economic Times (India) (28 Oct.)      - World Retail Congress attendees consider emerging retail growth beyond BRICs
The major emerging markets known as BRICs -- Brazil, Russia, India and China -- have been a target for global retailers for several years now. Executives and analysts at the World Retail Congress said several other economies, including Mexico, Vietnam, Turkey, South Africa and Colombia, are becoming more interesting for retailers as they have strong economic growth and a growing middle class. Reuters (27 Oct.)  | In this free white paper from SAP find out how IDC's program director for HR and talent management services, Lisa Rowan, answers five key questions about the current state of HR business process outsourcing (BPO). See how the role of underlying technology continues to be a factor in the success or failure of BPO projects. |
 - Largest mall in London's financial district opens
Retailers in the new mall in London's financial district are betting that tourists will make up for an expected decline in domestic consumer spending. The shopping mall includes chains such as Hennes & Mauritz, Hugo Boss and Marks & Spencer. Bloomberg (27 Oct.)  | Think you're saving money by not investing in new technology? Today's technology can deliver higher performance at reduced costs. Consider this: five years ago, a 22 page per minute workgroup color printer cost $2,000. Today, its service contract can cost up to $514. You could replace it with a brand new 30 page per minute Xerox color printer for as little as $349. Trade-in your old printer and save. |
 - Retailers continue to vie for Carrefour's Asian assets
Carrefour is interested in selling its Southeast Asian assets, setting Nov. 5 as the deadline for the next round of bids. Japan's Aeon plans to bid for the stores in Singapore and Malaysia, but is not interested in acquiring Carrefour's Thai outlets. Navis Capital, a private equity fund in Malaysia, also plans to bid for the French firm's assets in Malaysia and Singapore, sources said. Meanwhile, Britain's Tesco and France's Casino remain in the running as well. Reuters (27 Oct.) , Reuters (27 Oct.)  | Unleashing the Next Wave of Innovation in Electronics: In many industries electronics fuel innovations. They enable the creation of a new class of smarter products that are instrumented, interconnected, and intelligent. With these innovations come many challenges. Download this webcast from IBM and learn how to address these complex challenges throughout the product development lifecycle. |
  | Recruiters from Microsoft, Starbucks, Facebook & more
Demystify the corporate recruitment process and find out what happens behind the scenes after you submit your resume. Top recruiters share tips & tools for getting your resume into the hands of hiring managers. This session and 12 more start on 10/26 during Career Summit 2010. Register now! |
 | E-commerce Spotlight |  | | | - Online shopping becomes major force in UK's economy
The Boston Consulting Group has issued a report, commissioned by Google, that shows the UK has developed into a "nation of digital shopkeepers". Britain has embraced e-commerce to make the broader Internet industry the fifth-largest contributor to the UK's gross domestic product, according to BCG. Numerous small and medium-sized businesses in Britain are capitalising on online distribution. Financial Times (tiered subscription model) (27 Oct.) | Technology Solutions | | | | - Trade groups team up to help advance mobile commerce
Trade groups for the retail, mobile and advertising industries are getting together to develop a joint leadership body to help companies capitalise on mobile commerce. The move comes as Amazon and eBay have reported that they expect annual revenues from mobile efforts to surpass $1 billion. MarketingWeek (subscription required) (27 Oct.) | Spotlight on Consumer Electronics | | | | - JB Hi-Fi CEO keeps eye on aggressive discounting
Terry Smart, chief executive at Australia's JB Hi-Fi, said he's monitoring the level of discounting in the consumer electronics segment even as major retailers say they expect solid holiday results. "People do need to understand that it's aggressive out there," Smart said. "There is a softer consumer, and we know that many retailers at this moment are doing whatever it takes. And obviously one of those things is discounting. We don't see that letting up." SmartCompany.com.au (Australia) (26 Oct.) | NRF News | | | | - Everything you need to know about the holiday season
NRF's Holiday Headquarters is live for 2010! Complete with this year's holiday forecast for US sales, information on holiday hiring and historical research, the holiday headquarters is a one-stop shop for retailers gearing up for the season. Also available for download now: NRF's 2010 Holiday Survival Kit. Visit the HQ.
| SmartQuote | | | |  | Features alone do not run in the blood; vices and virtues, genius and folly, are transmitted through the same sure but unseen channel."
--William Hazlitt,
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