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| Global retail industry news |  |
- Canadian retailers compete with global brands in malls
When Apple started opening stores in malls, all the retailers in the mall would get a boost from the increase in traffic. It was known as the "Apple effect". Now, a variety of foreign brands, including Crate & Barrel and Victoria's Secret, have the power to increase demand at Canada's leading malls. The situation is putting pressure on some established retailers. The Toronto Star (08 Dec.)       - Australia's The Reject Shop warns on earnings
The Reject Shop said it will miss its earnings guidance for the year after sales slumped following an increase in interest rates. Consumers in Australia remain cautious, adding to the discount retailer's woes. The Reject Shop CEO Chris Bryce also noted unseasonally cool temperatures. The company wasn't alone in its assessment that the rise in interest rates is hitting its bottom line. The Sydney Morning Herald (Australia) (10 Dec.)  | Discover the 'Future of Sustainable Household and Laundry Care Packaging'. Covering home and laundry care, it outlines the major drivers and inhibitors of sustainable packaging mostly from a consumers' perspective. Find out more: |
 - Dixons Retail to open high-end concept store called Black
Dixons Retail, the electronics retailer formerly known as DSG International, is planning to open a new high-end concept store called Black in the UK. The new store will cater to gadget enthusiasts and is said to be completely different from the types of stores for which the retailer is known. A representative of the retail chain described Black as "the ultimate place to get up close with the most wanted gadgets around". Telegraph (London) (10 Dec.) - HMV's loss announcement raises concerns
HMV announced losses of £40 million, prompting concerns about its future. HMV has been plagued by competition from online retailers, digital downloads and other retailers, such as supermarkets. Analysts predicted that HMV, which has more than 400 outlets in the UK, will close some stores. The Guardian (London) (09 Dec.)  | Create a winning social-media strategy
Relying on luck and good intentions when developing your social-media approach can leave you with disparate, ineffective initiatives. Get the data you need to formulate a savvy social-media strategy that produces measurable results. Check out SmartBrief's State of Social Media for Business 2010. |
 - Mothercare aims to bolster presence in India
Mothercare, a specialist retailer based in the UK, is planning to add 150 locations in India over the next five years. "It is one of the most exciting markets for us and it has got huge potential," said Mothercare CEO Ben Gordon. He said the company is still determining how many of the new locations will be standalone stores and how many will be shop-in-shops. Mothercare operates more than 50 locations in India. LiveMint.com/The Wall Street Journal (India) (10 Dec.)  | HR Best Practices: Delivering Strategic Value to the Enterprise
Establishing HR best practices that are supported with technology can help achieve greater efficiency. HR processes reduce the burden of handling administrative tasks and deliver strategic value to the organization by equipping managers with the right information. Learn how in this free white paper sponsored by SAP. |
 - Report: Many online consumers are unaware of rights
The Office of Fair Trading has released research that shows British consumers have concerns about making purchases online. The research also shows that many retailers are not fully compliant with laws and regulations, showing that consumers' concerns may be justified. The OFT report also noted that many consumers are not aware of their rights. The Guardian (London) (10 Dec.)  | Work where the work is, not where the phone is. SynJ™ from AT&T is The Small Business Phone System. See how cordless handsets, extended-range and intuitive navigation make SynJ the productivity booster your business needs. View the SynJ demo now. |
 | Spotlight on Fashion |  | | | - Mulberry establishes itself as an international brand
Mulberry CEO Godfrey Davis said the company expects to have more stores in overseas markets than its home market of Britain in the next year. "As a result of the increasing international knowledge of the brand, we are getting a lot more tourist business in our shops as well. The message is spreading out," Davis said. Reuters (09 Dec.) , Telegraph (London) (10 Dec.) | NRF News | | | | - Mark Zandi offers a status report on the global economy
Retailers across the globe want to know where the road to economic recovery will lead. At this year's BIG Show, 9 to 12 Jan. in New York City, Moody's Economy.com Chief Economist Mark Zandi and a panel of industry experts will examine the current status of the global economic recovery and provide an outlook for the year to come. Learn more.
| SmartQuote | | | |  | It seems that we learn lessons when we least expect them but always when we need them the most, and, the true gift in these lessons always lies in the learning process itself."
--Cathy Lee Crosby,
American actress  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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