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| Global retail industry news |  |
- New Zealand retail sales post mixed results
Retail sales in New Zealand in November added to indications of a stuttering economic recovery. Sales, on a seasonally adjusted basis, gained 1.5% in November compared with October, data show. However, when vehicle-related sales are excluded, core sales slid 0.2%. "The underlying trend in retail spending remains subdued," said Christina Leung, an economist at ASB Bank. Business Spectator (Australia)/Reuters (21 Jan.)        | Guide to Persuasive Presentations
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 - HMV strives to avoid breaching its banking covenants
Book and music retailer HMV Group has enlisted the help of KPMG in an effort to not breach banking covenants due to poor Christmas sales. The corporate finance department at KPMG will help HMV renegotiate terms of the covenants. Top music industry executives have rallied in support of HMV. "It's business as usual. We are continuing to supply HMV with our music and they are continuing to do much more than sell it," the executives wrote. Telegraph (London) (20 Jan.) , Reuters (20 Jan.) - Laura Ashley again says profits to be higher than expected
Malaysian management appears to be helping turn around Laura Ashley's fortunes. The fashion retailer has nearly collapsed more than once, but it recently has advised the market twice that its profit is coming in higher than expected. "There is a bit less competition around [after other shops went under]. But what is also happening is that people, when buying for their home, are looking for value but also for longevity and quality," said Maureen Hinton of Verdict Research. The Guardian (London) (20 Jan.) , Reuters (20 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. |
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 | E-commerce Spotlight |  | | | - Strong growth expected for online sales, industry group says
Capgemini and IMRG reported a 25% surge in online retail sales in the UK in December compared with the same month the previous year. December helped boost total 2010 online sales to £58.8 billion, an 18% increase over 2009. Growth for 2011 was estimated to be 18%, as well. "The ongoing trend of consumers putting down the car keys and turning on their computers is only set to continue particularly as consumers use the power of the web to make their money go further as the economic recovery remains fragile," said Chris Webster of Capgemini. Reuters (21 Jan.) - Asos prepares to launch its first "Facebook Store"
Online fashion retailer Asos said that Facebook users soon will be able to purchase its products using their Asos login. The retailer said millions of its customers currently interact with its online site through Facebook. "Our Facebook Store will allow them to do this directly through Facebook," said James Hart, e-commerce director at Asos. The Independent (London) (20 Jan.) | Spotlight on Fashion | | | | - H&M collaborates with retro clog maker Hasbeens
Hasbeens, a Swedish retro clog maker, is the latest designer collaborator to work with Hennes & Mauritz. The fashion giant has been working with a series of top designers to attract customers. Maggie Gyllenhaal, Sarah Jessica Parker and other celebrities wear the high-end clogs from Hasbeens. The company's less expensive range will be available at 150 H&M stores this spring. Reuters (20 Jan.) , The Wall Street Journal (20 Jan.) - Primark pledges to keep prices down
While many fashion retailers have warned that the price of cotton will result in increased clothing prices, Primark has vowed to keep a lid on prices. "Primark is going to remain the best value on the high street," said John Bason, finance director of Associated British Foods, Primark's parent company. The Independent (London) (21 Jan.) | NRF News | | | | - Ninth annual Retail Horizons report released Thursday
The ninth annual "Retail Horizons: Benchmarks for 2010, Forecasts for 2011" report released by the NRF Foundation and KPMG shows that 41 percent of retailers surveyed say their companies intend to increase domestic store expansions in 2011, up from 25 percent in 2010. The report also shows retailers will be intent on actively growing their businesses and improving customer insight capabilities in 2011. Read more.
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