| Global retail industry news |  |
- Abercrombie is latest US retailer to join stampede to Europe
Numerous American retailers have been entering European markets in recent months as a shift has occurred in the way young Europeans think about US fashion. American casual is replacing the more traditional European look, according to retail and fashion analysts. The trend is being attributed to increased access to American television among Europeans and online shopping. "The Internet helps break down some of the language barriers, and makes brands a little bit more transportable across borders," according to John M. Morris, a retail analyst at BMO Capital Markets. The New York Times (tiered subscription model) (15 Jun.)       - Uniqlo to get more creative with US expansion
As Japan's Uniqlo carries out an ambitious plan to expand in the US, it has hired former Wieden+Kennedy creative director Todd Waterbury to lead the creation of campaigns that promote the Japanese fast-fashion chain "with a New York inflection," he says. Uniqlo, which has 1,013 stores around the world including a New York flagship, plans to expand in major US cities as part of a push to hit nearly $60 billion in sales by 2020. Advertising Age (tiered subscription model) (13 Jun.) - 5 leadership tips from GameStop CEO Paul Raines
 Everything from excellent customer service to improving loss prevention starts at the top, and good leaders set the example, GameStop CEO Paul Raines told attendees at NRF's Loss Prevention Conference. Raines shares five tips for improving your leadership skills, including staying current with technology and new loss prevention tools and encouraging loss prevention executives to work with marketing and merchandising teams to develop win-win strategies. NRF Blog (13 Jun.)  | Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now. |
 - European fashion retailers cope with drop in spending
Inditex and Hennes & Mauritz, two of the leading fashion retailers in the world, are faced with challenges in Europe as consumers rein in spending. The situation has prompted Spain's Inditex to rely more on other markets for growth. Meanwhile, Sweden's H&M, which earns more of its revenue in Europe, missed analysts' forecasts for May. Reuters (15 Jun.)  - South Korea's E-Mart plans to sell some stores in China
E-Mart, one of the leading discount retailers in South Korea, is planning to restructure its operations in China by selling unprofitable stores and expanding to new areas in the country. E-Mart currently has 27 stores in China, including 11 in Shanghai. "E-Mart was making heavy losses in cities like Shanghai as its brand image was weak there. The sale by itself is good," said Mirae Asset Securities analyst Han Kook-hee. Reuters (15 Jun.)  | Discover what risks could be lurking in your vacant commercial property with Zurich's guide 'Empty building, full of risk: Protecting your vacant commercial properties'. Click here for your FREE download! |
 - Tiger Global invests $20 million more in Flipkart
Flipkart, an online books and electronics retailer in India, plans to use a $20 million investment from Tiger Global to expand operations and upgrade technology. The e-commerce industry in India is expected to surge this year, according to the Internet and Mobile Association of India. "We expect to pick up a large share of the growing e-commerce pie," said Binny Bansal, chief operating officer at Flipkart. "Investments in supply chain and technology will help us stay ahead of competition and achieve our goal of becoming the largest e-commerce player in the country." The Economic Times (India) (16 Jun.)  | 3 Proven Rich-Media Strategies for Your 2011 Campaigns
Today's hyperconnected consumers expect rich, engaging experiences wherever they interact with your product or service. In this report you will learn how to use rich media to:
• Engage mobile audiences
• Create flawless website experiences
• Improve online ad performance |
 | Spotlight on Consumer Electronics |  | | | - Australians charged more for consumer electronics
Retailers in Australia do not appear to be passing on the advantage of the country's strong dollar to consumers as the price of consumer electronics is considerably higher than in the US. For example, Lenovo advertises one of its laptops at A$1979 in Australia and sells it for US$1199, which is about A$1130, on its US site. The Australian (14 Jun.) - Apple seeks top retail executive as it expands internationally
Ron Johnson is leaving Apple after more than a decade to take the reins at J.C. Penney. Johnson's departure leaves Apple searching for a senior retail executive as it strives to maintain its edge in consumer electronics by expanding globally. Johnson and Apple CEO Steve Jobs, who is on medical leave, set up the company's first model store in a California warehouse. Bloomberg (15 Jun.) | NRF News | | | | - U.S. retail sales up for 11th straight month, though consumer spending slows
Although U.S. retail sales may have risen slightly, rising gas prices and a weak labor market were the cause of slowing consumer spending. According to data released by NRF this week, U.S. retail industry sales for May increased 0.1% seasonally adjusted from April and 5.0% unadjusted year-over-year. “Retailers are not surprised to see the momentum in consumer spending slowing, given the lackluster performance of employment and housing,” said NRF President and CEO Matthew Shay. Read more.
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