  | Global retail industry news |  |
- Southeast Asian firms gamble on foreign-investor interest
Indonesia's Matahari Putra Prima's withdrawal from an asset sale is an example of how companies in Southeast Asia's booming economies are stepping up their game as investor interest increases. Companies in Southeast Asia are holding strong hands and are becoming more adept at playing them, industry observers say. The Wall Street Journal (11 Jan.)       - Outlook for SA's Shoprite remains solid, analyst says
Absa Investments equity analyst Chris Gilmour said supermarkets in South Africa, particularly Shoprite, should show real growth over the next year. Gilmour called the outlook for Shoprite, which recently reported a 9.5% sales increase in the last six months of 2010, "pretty solid." However, he cautioned that unemployment could be a challenge for the country's retailers. Business Report (South Africa) (11 Jan.)  | Facebook: Your blog's secret weapon
Learn proven tactics, strategies, and tools for maximizing your blog's incoming traffic by taking full advantage of all that Facebook offers. Facebook expert Mari Smith unveils creative ways to drastically grow your blog readership as well as powerful ways to engage readers at the Blogging Success Summit. Register today for 50% off! |
 - Topps Tiles reports sales increase for holiday period
Topps Tiles said like-for-like sales over the holidays rose 2.2%. "We experienced some disruption during December from the extreme weather conditions and I feel the business has responded well during a testing period," said CEO Barry Bester. "Against this context I am particularly satisfied with the performance over the period as a whole." The tile retailer plans to open 10 new stores. Telegraph (London) (11 Jan.)  | Create a winning social-media strategy
Relying on luck and good intentions when developing your social-media approach can leave you with ineffective initiatives. Get the data you need to formulate a savvy social-media strategy that produces measurable results. Check out the key takeaways from SmartBrief's State of Social Media for Business. |
 | Retail in Asia |  | | | - India's V Mart Retail outlines expansion plans
V Mart Retail is planning to open 40 stores over the next few years in Tier II and Tier III cities across India. "There is an immense untapped market in fashion garments for the masses in Tier II and III cities," said Lalit Agarwal, founder of V Mart. "Our aim is to provide fancy garments at lower price points in an organised modern retail format to middle and lower middle classes. They have the money but not enough options." Business Standard (India) (08 Jan.)  | Exercise: A program you can live with — This special report from the experts at Harvard Medical School helps you customize a well-rounded exercise plan. Illustrated strength, stretching, and balance exercises are included, as well as motivational tips. 30% off the cover price and free shipping for SmartBrief readers. Order here in print or PDF. |
 | E-commerce Spotlight | | | | - Online growth helped M&S, House of Fraser over holidays
House of Fraser and Marks & Spencer reported rapid growth in online sales over the holidays. House of Fraser posted a 91% increase in online sales in the eight weeks ended Jan. 2. "Our results are a demonstration that our customers continue to respond positively to the changes we have been making throughout the business. The growth of our online business has been encouraging," said John King, CEO at House of Fraser. Marks & Spencer Direct, the online sales division of M&S, reported 25% higher sales in the 13 weeks ending Jan. 1. InternetRetailing.net (11 Jan.) | Technology Solutions | | | | - Mobile shopping becomes increasingly important for retailers
A survey by ForeSee Results found that a third of shoppers use mobile phones to visit the websites of retailers. A quarter of respondents said they plan to make purchases with their smartphones, according to the survey. "Any retailer not making huge strides in developing user-centric mobile shopping apps is missing a huge opportunity," said Kevin Ertell, ForeSee vice-president of retail strategy. The Vancouver Sun (British Columbia) (11 Jan.) | Spotlight on Luxury Goods | | | | - Some Hermes family members opt out of holding company
LVMH Moet Hennessy Louis Vuitton could have an inroad into Hermes International as 20 members of the company's founding family have decided against putting their shares into a holding company established to help protect the luxury company. A Hermes representative confirmed that the family members opting out of the holding company own at least 7% of the company. Bloomberg (10 Jan.) - China's wealthy increasingly aware of luxury brands
Wealthy Chinese consumers are learning the luxury market, according to the Hurun Report. The 2011 Best of The Best Survey, a poll of 401 Chinese millionaires, found that luxury-brand awareness increased over the past year. "Chinese entrepreneurs are getting more and more sophisticated, discerning and confident in their personal style, and what they aspire to, as they try to turn new money into old money," said Rupert Hoogewerf, founder of the Hurun Report. China Daily (Beijing) (12 Jan.) | NRF News | | | | - New augmented reality technology launches at Retail's BIG Show
Recognizing that in-store and online retail experiences both have strengths, MIT MediaLabs set to work on a way to combine both experiences for tomorrow's consumer. Enter the LuminAR bulb. MIT MediaLab professor Pattie Maes shares what this new technology is and how it will affect the future of retail. Read more.
| SmartQuote | | | |  | There is no sense in crying over spilt milk. Why bewail what is done and cannot be recalled?"
--Sophocles,
Greek playwright  |
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