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  | Global retail industry news |  |
- UK's Ted Baker aims to expand in international markets
Ted Baker, the British fashion retailer with operations in the US, Europe, Asia and the Middle East, is looking at expanding in China and other emerging markets. The company expects profit this year to increase as much as 10%. "We are hoping that we will start our business in China this year and open a store in Beijing towards the end of the year," said Lindsay Page, finance director at Ted Baker. Reuters (24 Mar.)        | "How to Become an Authentic Speaker"
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 - Clinton Cards reports lower profit
Clinton Cards said tough trading conditions will continue to hit the business, which expects a "low single-digit percentage decline" in upcoming sales. The retailer is striving to boost sales with a new website and redesigned outlets. Clinton posted a profit in the 26 weeks to Jan. 30 of £11.7 million, down from £19.9 million over the same period the previous year. Google/The Press Association (24 Mar.) - Next to raise prices to deal with higher input costs
Executives at Next said that the consumer environment likely will become more challenging this year as the government cuts spending and inflation rises. "The consumer environment is likely to be dominated by the challenges of global inflation, public sector cuts and limited growth in consumer credit," said Next CEO Simon Wolfson. The retailer will boost prices by as much as 10% later this year to cope with higher input costs. Bloomberg (24 Mar.)  - Lane Crawford to start expanding in mainland China in 2012
Andrew Keith, head of Lane Crawford Hong Kong, said the company will launch stores in Shanghai, Beijing and Chengdu. The move, Lane Crawford's first major expansion in mainland China, indicates the upscale retailer's renewed confidence with the market. Lane Crawford withdrew from Shanghai in December 2006 and then closed outlets in Harbin and Hangzhou the following year. ChinaRetailNews.com (25 Mar.)  | The buzz around social media - and whether 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. Check out the State of Social Media for Business. |
 | Retail in Latin America |  | | | - Falabella CEO sees opportunities in South America
Juan Benavides, chief executive officer at Chile's Falabella, said that there are opportunities in South America for department store retailers. "The opportunity to do business and gain markets in these countries is big," Benavides said. He noted that developed nations have a department store penetration rate of 85%, while Chile's rate is 61% and Peru has just a 14% penetration rate. The Wall Street Journal/Dow Jones Newswires (24 Mar.), Bloomberg (24 Mar.) | E-commerce Spotlight | | | | | Spotlight on Fashion | | | | - H&M covers up model for Middle East markets
H&M has digitally altered photos of Brazilian supermodel Gisele Bundchen in its advertising campaign for Middle Eastern markets. The Swedish retail giant added fabric or extra garments to tone down some of its more revealing outfits. Telegraph (London) (22 Mar.) - Benetton launches concept store in New Delhi
Benetton has opened a concept store in New Delhi's Connaught Place that is in line with the Italian fashion retailer's outlets in other major cities, including London, Paris, Istanbul and Frankfurt. The New Delhi store is part of Benetton's Opening Soon programme, which includes the implementation of new design and architectural concepts in its retail spaces in major global cities. IndiaRetailing.com (24 Mar.) | NRF News | | | | - The data you need to expand internationally
Retailers considering international expansion have a wealth of statistical information right at their fingertips with FIRAE's industry data page. The industry data, sorted by country, provides economic statistics from retail environments worldwide. Researching new economic frontiers is only a click away! Learn more.
| SmartQuote | | | |  | We should regret our mistakes and learn from them, but never carry them forward into the future with us."
--Lucy Maud Montgomery,
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