  | Global retail industry news |  |
- Australian retailer Billabong issues profit warning
Billabong International, the Australian surfwear retailer, lowered its profit guidance for the first half by as much as 13%. Billabong's share price fell by more than 10% after the warning. Billabong's guidance followed a profit warning by The Reject Shop. Retailers in Australia are struggling against rising interest rates and lower consumer spending. The Australian (15 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: |
 - UK's retail sales surge as VAT increase looms
Sales at the beginning of December exceeded those from a year ago, 67% of retailers said, while 11% said sales were lower. The poll results, from the Confederation of British Industry, were surprising as retailers were questioned during bad weather, which disrupted supply chains and kept some people away from stores. The CBI survey has shown six straight months of higher sales, but retailers expect growth to slow when the value-added tax increases in January. Telegraph (London) (16 Dec.) , BBC (16 Dec.) - Ikea tops sustainability ratings list
Many large retail chains improved their sustainability efforts in recent years, according to ratings from Greenopia. Only Ikea, which announced a couple of months ago that it will install thousands of solar panels in several outlets in California, won a perfect score. USA TODAY (14 Dec.)  | Olympic leadership lessons from USA Basketball
Discover the tactics that Jerry Colangelo employed to overcome USA Basketball's Olympic losing streak. Learn how Colangelo and Coach K built a team that could compete internationally & how to adapt your leadership style to gain the same type of success. Check out Sustaining the Leadership Edge for just $75. |
 | Retail in Asia |  | | | - McDonald's to add up to 200 restaurants in China in 2011
McDonald's operates more than 1,100 restaurants in China and is planning to add 175 to 200 in the next year. "China is the fastest growing market for McDonald's worldwide in terms of new store openings and our aim is to add another 1,000 stores in China by the end of 2013," said Kenneth Chan, chief executive officer of McDonald's China. China Daily (Beijing) (16 Dec.) - Prada looks into launching IPO in Hong Kong
Prada is considering an initial public offering in Hong Kong next year, according to media reports. The Italian luxury brand could do well by listing in Hong Kong because investors in Asia are more active than those in the company's home market, according to insiders. Prada has tried to launch an IPO four times in the past decade, but dropped its plans for various reasons. ChinaRetailNews.com (15 Dec.)  | 2011 planning for social media made simpler
94.1% of businesses use social media to build brand awareness — does yours? Get insights into business trends and best practices for social media from SmartBrief's State of Social Media for Business. Make your 2011 social-media strategy count with data from 6000+ business execs. Download the key takeaways now. |
 | E-commerce Spotlight | | | | - Australian online retailer starts WikiLeaks-like website
Australian Ruslan Kogan, founder of a couple of online retailers, launched Tradeleaks.com, which he says is the business world's answer to WikiLeaks. Kogan wants the site to reveal secrets about retailers and other businesses and become "bigger than WikiLeaks." "It's going to create a better shopping environment for consumers," Kogan said. News.com.au (Australia) (16 Dec.) | Technology Solutions | | | | - Technological advances forecast to change food retailing
Food retailers next year will shift from using public-address systems to announce discounts to sending personalised bargain offers to customers' mobile phones, predicts Phil Lempert, a food journalist based in California. "Expect instant messages with specials that last for a maximum of a half-hour targeting your likes and dislikes and offering huge savings," Lempert wrote. "A scan of the bar code tells you everything you need to know to decide what to buy, and then adds to your list automatically." The Vancouver Sun (British Columbia) (15 Dec.) | Spotlight on Consumer Electronics | | | | - Sales of most electronics decline in Canada
Sales of most consumer electronics, including flat-screen televisions, are falling in Canada. Best Buy and Future Shop suffered significant sales declines in the third quarter, mostly due to the plunge in TV sales, according to Best Buy CEO Brian Dunn. The Gazette (Montreal) (15 Dec.) | NRF News | | | | - Wal-Mart's divulges sales gains from in-store digital marketing
Campaign optimisation, mobile integration and dynamic content have consistently delivered results for Wal-Mart. Attendees at Retail's BIG Show will learn how an interactive platform can increase sales, and how digital signs make shoppers deepen their engagement. Actual sales gains from optimisation and technology will also be revealed for the first time. Retail's BIG Show centennial celebration takes place January 9-12, 2011 in New York City. Learn more.
| SmartQuote | | | |  | Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety."
--Benjamin Franklin,
American statesman and inventor  |
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