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  | Global retail industry news |  |
- More high-end foreign retailers choose Vancouver
Louis Vuitton recently opened one of its 12 "maisons" in Vancouver. "You don't have to go to New York to get that exclusive bag any more," said Heather White of the reality TV show "Cupcake Girls." "It raises the bar in Vancouver." LV is just one of the latest in a string of high-end retailer debuts in Vancouver. The Globe and Mail (Toronto) (15 Jan.)        | Sell smart and boost revenue. Find out how better sales intelligence can help put your sales organization on top. LexisNexis® can help you gather the business intelligence you need to support your selling process, find better leads, close more deals, and grow your business. Click here to learn more. |
 - Scotland's levy on major retailers to be scrutinised
The Conservatives are asking Scotland's regulatory Review Group to look into the government's plan to impose an additional tax on large retailers. Kingfisher has warned that the Large Retailer Levy would threaten jobs. The government argues that only about 0.1% of businesses would be affected by the charge. BBC (16 Jan.) - Richemont says Asian sales, acquisition help boost revenue
Cie. Financiere Richemont said sales rose 33% surge in the fourth quarter. The largest jewelery maker in the world cited its acquisition of Net-a-Porter.com and sales in Asia as contributing factors. "The Asia-Pacific region is the main driver -- growth actually accelerated in local currency terms," said Jon Cox, an analyst at Kepler Capital Markets. "The watchmakers are an obvious way to play China as well as a general resurgence of watch demand." Bloomberg (17 Jan.)  | INTRODUCING HP ePRINT— Print from anywhere from any mobile device.* The HP Officejet Pro 8500A Plus e-All-in-One now with $120 INSTANT REBATE. BUY NOW.
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 - Indomaret exec discusses opportunities, constraints
Laurensius Tirta Widjaja, marketing director of one of Indonesia's largest retail chains, Indomaret, discusses challenges and opportunities the industry is likely to face this year. He also discusses the dynamic between modern retailers and traditional stores in Indonesia. "Traditional markets serve lower-income customers, while our stores target customers with higher income," he said. The Jakarta Post (Indonesia) (17 Jan.)  | Each year U.S businesses spend trillions of dollars on goods and services. Focus Research empowers buyers to spend their budget wisely by offering easily accessible and trustworthy information on vendors that support small and mid-size business operations. Download this free whitepaper that compares leading CRM vendors to ensure you choose what's best for your organization. |
 - E-commerce transforms small Chinese village
Qingyanliu Village in the Zhejiang Province of east China is known as the country's No. 1 e-commerce village because it has many of the leading stores on Taobao in terms of transactions. Qingyanliu villagers took in about $121 million from e-commerce in 2009. "E-commerce has changed the lifestyle of our village. Instead of tending to our fields, we now use keyboards and mouse clicks to make money," said Liu Wengao of the local e-commerce association. Xinhuanet.com (China) (17 Jan.)  | Blog like the big brands
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 | Spotlight on Mass Merchandise |  | | | - Investors push up Carrefour shares after sales report
Carrefour shares rose as much as 3% after reporting a 5.1% increase in fourth-quarter revenue. Sales rose to €27.1 billion, from €25.8 billion in the comparable quarter a year earlier. Carrefour has forecast rising sales and profit over the next several years as it upgrades its superstores throughout western Europe. Bloomberg (14 Jan.) | NRF News | | | | - NRF releases second version of Mobile Retailing Blueprint
Attendees of Retail's BIG Show were treated to a preview of the second version of NRF's Mobile Retail Blueprint. David Dorf, director of technology for Oracle and subcommittee chairman of the Mobile Retailing Initiative, answered a few questions about what's new in Version 2, how to invest in the technology and how "omni-channel" is nirvana for the industry. Read more.
| SmartQuote | | | |  | All progress is precarious, and the solution of one problem brings us face to face with another problem."
--Martin Luther King Jr.,
U.S. civil rights leader,
quoted for Martin Luther King Jr. Day in the U.S., Jan. 17, 2011  |
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