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| Global retail industry news |  |
- Retailers find novel ways to snare online shoppers
Marks & Spencer has launched a "size detective" service to send anonymous e-mails to friend or relatives of customers to ask their shoe or waist sizes. Best Buy UK is offering online customers special discounts on certain products. Liberty offered free delivery on all purchases made on its site on one day. Those are just a few of the promotions and services British retailers are trying to attract online shoppers. Bloomberg (16 Dec.)       - Egyptian firm cancels plan to take over Omar Effendi chain
Arabiyya Lel Estithmaraat AIND.CA, an investment firm based in Egypt, decided not to acquire the Omar Effendi department store chain. Arabiyya said its due diligence on the proposed deal turned up unsatisfactory results. The firm had agreed in principle in October to acquire an 85% stake in the chain. "The previously signed contract was contingent on due diligence and therefore it is no longer valid," Arabiyya said. Reuters (16 Dec.)  | Discover the keys to a vibrant corporate culture
Creating & sustaining a vibrant corporate culture takes strong leadership and transparency. GM's Mark Reuss shares insights into rebuilding a company's culture. DeLisa Alexander offers best practices from Red Hat's opensource culture. SmartBrief readers receive executive training for just $75. |
 - Strike could disrupt Carrefour's French stores
The CGT union called a one-day strike that could interfere with Carrefour's business in France. Employees are protesting the retailer's plan to extend working hours. Meanwhile, Carrefour's competitor in France, Auchan, said its December sales may be lessened by store closings forced by snow last week. Reuters (16 Dec.) - Survey: Bad weather expected to hurt UK retail sales
UK Retailers face a difficult Christmas season because of the expected return of severe winter weather, according to a survey by GfK NOP. The survey shows that 30% of the UK's holiday shopping is done in the two weeks beforfe Christmas. Snow is expected to prevent some consumers from finishing their Christmas shopping. The Independent (London) (17 Dec.) , Reuters (16 Dec.) - Analysts: L'Oreal has options to avoid takeover
Nestle, which owns roughly 30% of L'Oreal, may want to acquire all of the cosmetics company, said analysts at Exane BNP Paribas. However, L'Oreal has some options, according to the analysts. The French company could spend up to €20 billion on acquisitions, with Elizabeth Arden and Estee Lauder among the possibilities. Bloomberg (16 Dec.)  | Do People Trust Your Brand?
Business-to-Business companies increasingly recognize how critical building trusted online relationships has become to their financial success. Download this white paper to learn how companies can align trust, credibility, and privacy processes within their organizations to grow revenues and mitigate risk. |
 - Ikea aims to have up to 18 stores in China by 2015
Ikea is planning to expand in China. "We are aiming to have 16 to 18 stores on the Chinese mainland by 2015 in a combination of first-tier and second-tier cities," said Gillian Drakeford, retail president at Ikea China. The company entered China more than a decade ago and operates eight stores in eight cities. China Daily (Beijing) (16 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: |
 - Falabella emerges as largest share on Santiago exchange
The market capitalisation of Falabella, the largest department store chain in Chile, rose to $26.5 billion on Thursday, making it the Santiago Stock Exchange's largest share by market value. "Falabella's shares have grown strongly this year, however, given our estimates the price hasn't yet incorporated part of the future growth in the company's bottom line," said BCI, a local investment bank. The Wall Street Journal/Dow Jones Newswires (16 Dec.)  | 14.2% of social-media strategies deemed very effective
The buzz around social media — and whether or not it is worth the effort — continues to be a leading business concern. SmartBrief's State of Social Media for Business sheds light on obstacles & opportunities in using social media to produce measurable results. SmartBrief readers get a 15% discount. |
 | E-commerce Spotlight |  | | | | Spotlight on Fashion | | | | - Fast Retailing plans to introduce Uniqlo to Brazil, India
Japan's Fast Retailing is striving to become the biggest clothing retailer in the world. The company is planning to open Uniqlo stores in India and Brazil within five years as well as expand its presence in China, said Chief Operating Officer Naoki Otoma. "Though the purchasing power that the Chinese have compared with the Japanese consumer is still minimal, by 2020 it will grow vastly," Otoma said. The Wall Street Journal (17 Dec.) | NRF News | | | | - US shoppers increase reliance on smartphones
More than a quarter of US mobile-phone users have used their devices to make holiday purchases this year, according to a recent NRF survey conducted by BIGresearch. However, the most popular uses for smartphones this season continue to be finding store hours or locations and browsing product. Read more.
| SmartQuote | | | |  | It is not necessary to change. Survival is not mandatory."
--W. Edwards Deming,
American statistician, professor, author, lecturer and consultant  |
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