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  | Global retail industry news |  |
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 - Marks & Spencer aims to build on 13% profit increase
Marks & Spencer reported a 13% increase in full-year profit despite the difficult trading environment. The British retailer is planning to test new store formats in an effort to build on its results. M&S said the new formats would take into consideration local criteria, such as demographics, competitions, affluence and regionality. Bloomberg (24 May.), Reuters (24 May.)       - Tesco subsidiary buys social marketing company BzzAgent
Dunnhumby, a marketing data firm owned by Tesco, is poised to acquire BzzAgent, a network of 800,000 agents who "buzz" about new products and services after testing them. Dunnhumby operates Tesco's loyalty programs. "We can take loyal customers and make them advocates for a product or a retailer," said Dave Balter, founder of BzzAgent. "And we can explore ways to connect social media to shopper behavior." The Boston Globe (free registration) (23 May.) - Burberry prepares for the Olympics by bolstering London store space
Burberry, run by CEO Angela Ahrendts, is planning to double its store space in London before the start of the 2012 Olympic Games. While Burberry will expand some stores and possibly open others, it also plans to close its stand-alone childrenswear shop in Notting Hill. "I think it's time that we aggressively reinvest in London -- our real estate footprint and our brand footprint," Ahrendts said. "Last time I looked there was a big thing called the Olympics coming and they are inviting millions of people into the town." Telegraph (London) (23 May.)  | Health care reform got you down? Learn more from UnitedHealthcare on how the federal changes to medical benefits will affect you and your employees. This comprehensive guide highlights incentives for enrollment and a timeline of important dates and deadlines. Don't let them pass you by—Learn more here! |
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 - Donahoe says eBay might offer more local-language sites
John Donahoe, chief executive officer at eBay, said the online marketplace is considering offering more local-language portals beyond its existing Russian site. The company will look to eastern Europe, Asia, the Middle East and Latin America for opportunities, Donahoe said. Bloomberg (23 May.)  | 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. |
 | Spotlight on Grocery |  | | | - Iceland Foods founder wants to buy, not sell, UK retailer
Malcolm Walker, founder of Iceland Foods, said he does not intend to sell his minority stake in the British frozen food retailer and instead is keen to purchase the holdings of the company's majority shareholder. "We are still interested in buying the business," Walker said. Morrisons and other retailers have indicated interest in buying Iceland Foods. Reuters (23 May.), Telegraph (London) (23 May.) | NRF News | | | | - Retail's BIG Show call for speakers deadline extended to 31 May
The NRF's Annual Convention & EXPO draws more than 22,000 attendees each year and offers more than 130 educational programs. We're looking for the best and brightest industry experts, practitioners and those interested in advancing the retail industry to submit session proposals for the 101st NRF Convention, 15 to 18 Jan. in New York City. The last day for submissions is 31 May. Learn more.
| SmartQuote | | | |  | Men's arguments often prove nothing but their wishes."
--Charles Caleb Colton,
British cleric, writer and collector  |
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