  | Global retail industry news |  |
- UK retailers see increase in sales to Chinese tourists
Experts and other insiders said that the installation of China UnionPay terminals by UK retailers has helped boost sales to Chinese tourists. "Following the introduction of 75 China UnionPay terminals at Harrods this year, we have seen a strong response from our Chinese visitors and this has been a key factor behind the growth in sales to these customers," said a Harrods spokesperson. China Daily (Beijing) (28 Jun.)       - Lululemon soars as it takes increased competition in stride
Nike and Adidas are ramping up the competition on Lululemon Athletica, but the Canadian yoga retailer isn't feeling too threatened. "We're not feeling it or seeing it on a global basis or even store by store," said John Currie, chief financial officer at Lululemon. "But you know, it's a competitive marketplace. So, the next competitor ... we have to worry about them just like we do about Nike and Adidas." The company is expecting to reach $1 billion in revenue soon. Reuters (27 Jun.)  | At MetLife, Protecting Your Family Is Our Business
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 - Russia's M.video eyes share sale in London, source says
M.video, a home electronics retailer based in Russia, is looking into selling shares in London this year to raise as much as $500 million, according to a banking source. However, sources conflict on M.video's plans, and the retailer hasn't announced any fundraising efforts. Reuters (27 Jun.)  | Despite being a backbone enterprise application, Enterprise Resource Planning is often misunderstood. In this guide from Focus, top experts provide their suggestions and recommendations to guide you through your evaluation of the best choices. Unravel the complexities of ERP once and for all to make an informed buying decision by downloading this free white paper. |
 - Retail sales in Japan continue to rise after March quake
Retail sales in Japan fell in May compared with the same month the previous year, but they increased for a second consecutive month when compared with the previous month. The trend indicated that consumers in Japan are becoming more willing to spend as the country recovers from the March 11 earthquake and tsunami. CNBC/Reuters (27 Jun.)  | Need to target and attract the best candidates to help build your business quickly and conveniently? Monster's Recruitment Solutions like Career Ad Network, TargetPost and Power Resume Search help provide the tools you need to find the right person to represent your company. |
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 | E-commerce Spotlight |  | | | - Survey finds surge in online retailing in the UK
Thousands of online retailers have launched in Britain since the economic downturn, according to a survey by eBay. In 2007, eBay UK saw a decline in activity, but last year more than 24,000 new online businesses registered with the trading platform. Growth across the UK was patchy, however. The Telegraph (London) (28 Jun.) | Technology Solutions | | | | | Spotlight on Grocery | | | | - Belgium's Colruyt reported 2.5% increase in income
Colruyt posted €338 million in income for the fiscal year that ended March 31, but the profit missed analysts' estimates. The largest discount food retailer in Belgium saw payroll expenses increase more rapidly than sales and it didn't fully pass on purchasing costs to consumers. Bloomberg (27 Jun.) | NRF News | | | | - Murders at N.Y. drugstore reminder to revisit active shooter policies
Four people -- including a 17-year-old woman set to graduate from high school -- were killed in a robbery at a small New York drugstore on Father's Day by a man who entered the store to steal prescription drugs. In a recent blog post, NRF's Joe LaRocca sends condolences to the people affected and reminds retailers to create an active shooter policy with the hope they never have to use it. Read more.
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