Friday, November 12, 2010

12 November 2010 - More luxury labels embrace e-commerce

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12 November 2010
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Global retail industry news
 
  Global Industry Watch 
 
  • More luxury labels embrace e-commerce
    The undeniable growth of online retailing has forced many luxury brands to enter the virtual world, but they still remain concerned about the credibility of online outlets, counterfeiting and other practices that could sully their names. Ermenegildo Zegna, an Italian menswear company, recently announced that it will launch its first online retailing site early next month. Business World (Philippines) (11 Nov.) , The Independent (London) (09 Nov.) LinkedInFacebookTwitterEmail this Story
  • New Zealand's Warehouse Group faces sales slowdown
    Warehouse Group, the largest retailer on New Zealand's NZX-50, reported a 0.2% decline in sales in the quarter that ended Oct. 31. The company cited a drop in sales of DVDs and CDs. Meanwhile, Warehouse Stationery saw a 5.3% increase in sales. Warehouse Group is "optimistic about the prospect of economic recovery in the medium term" although the trading environment is "expected to remain difficult for some time", said Managing Director Ian Morrice. The New Zealand Herald (12 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • UK retailers once again look overseas for growth
    The retail market in Britain is saturated, making it difficult for companies to continue to grow year after year, particularly during a time of economic woes. The situation is prompting a number of retailers, including Marks & Spencer and Sainsbury, to turn to international markets for growth. UK retailers have been trying the strategy for years, but for many the challenge has been too great, forcing an unceremonious retreat. However, some businesses, such as Kingfisher and Tesco, have seen successes in their overseas operations, giving investors and retailers a reason for optimism. Telegraph (London) (11 Nov.) LinkedInFacebookTwitterEmail this Story
  • Bulgari reports $22.7 million third-quarter profit
    Rome-based Bulgari, one of the largest jewelers in the world, reported an increase in net income from €7 million in the third quarter of 2009 to €16.6 million during the same quarter this year. However, the profit missed analysts' estimates as sales dropped in the Americas and new ranges of watches were introduced later than in previous years. Bloomberg (11 Nov.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • First Metro for Horeca store in China opens in Shanghai
    Metro, one of the largest retailers in the world, has opened its first Metro for Horeca store in China. Metro for Horeca outlets are smaller than the German retailer's typical Cash & Carry stores. The new store model aims to become a one-stop solution for restaurants and other dining operators. ChinaRetailNews.com (12 Nov.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Habitat chairman invests in online retail venture Ortso
    Phil Wrigley, a retail veteran and chairman of Habitat, Majestic Wine and LXB Retail Properties, is set to make a large investment into Ortso, an online shopping site. Wrigley will also join the company's advisory team. Ortso, which is trading under its original name Biduhappy, is a platform where retailers compete to earn consumers' business. It plans to change its name to Ortso at the beginning of December to differentiate itself from other similar sites. The Scotsman (Edinburgh) (12 Nov.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Fashion 
  • Burberry to encourage customisation of trench coats
    Burberry, a UK luxury fashion brand, announced plans to launch an online service that will allow customers to customise their own trench coats. About 12 million design variations, encompassing fabric, colour and type of buttons, will be available through Burberry Bespoke. The company has been at the forefront of the online revolution, investing heavily in its digital marketing strategy and online platforms. Burberry recently attained 2 million Facebook fans. The Independent (London) (10 Nov.) , Vogue (10 Nov.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Ann Taylor, The Home Depot, HSN and YUM! Brands execs talk mobile strategy
    There is no "one size fits all" strategy for a successful retail mobile integration. Retailers need to consider everything from mobile payment to in-store operations to geolocation data. At Retail's BIG Show in New York City, 9 to 12 Jan., IT executives from Ann Taylor, The Home Depot, HSN and YUM! Brands will help decipher the intricacies of successful mobile integration. Learn more. LinkedInFacebookTwitterEmail this Story
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