Thursday, July 21, 2011

The gadgets are genuine Apple, but the stores are fake

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21 July 2011
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Global retail industry news

  Global Industry Watch 
 
  • Canada's La Senza plans to open 100 stores across Australia
    La Senza, the Canadian lingerie retailer, is planning to open 100 outlets across Australia over the next few years. The company already has about 15 stores operating on the country's east coast and has recently opened a flagship store in Sydney. Speciality Fashion Group CEO Gary Perlstein said La Senza plans to leverage its international recognition. "La Senza is in 48 countries around the world, so whoever has travelled to London knows all about it. There is an online presence as well, although certainly I think there is a job to do to get it more fully known in those 100 locations across the country," Perlstein said. SmartCompany.com.au (Australia) (21 Jul.) LinkedInFacebookTwitterEmail this Story
  • South African retail sales flat in May
    South Africa's retail sales were flat in May compared with the same month the previous year, according to figures from Statistics SA. "That's not a good number. If you look at the inflation number we just had ... inflation is rising and now after that this number is telling us that consumers are blowing hot and cold," said Freddie Mitchell, an economist at Efficient Group. "After the credit numbers next week we should have a picture of the overall demand story in the economy, but this figure shows that consumers are a bit wary of spending." Economists had predicted a 6.5% rise. Business Day (South Africa) (20 Jul.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Retail sales in UK recover slightly in June
    Like-for-like retail sales in the UK, excluding petrol, rose 0.8% in June compared with May, according to the Office for National Statistics. "The retail sales figures were much as we expected, with a strong bounce back in June partly reflecting early summer sales," said Philip Shaw, an economist at Investec. "That really implies that sales could fall back in July because of the change in timing of High Street discounting." BBC (21 Jul.), Bloomberg (21 Jul.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Japan warns more cattle could be contaminated
    The Japanese government said that more cows ate hay contaminated by radiation from the Fukushima nuclear plant. The announcement comes two days after the implementation of a ban on beef shipments from cattle raised near the plant. Bloomberg (21 Jul.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  E-commerce Spotlight 
 
 
  • Russia's Utinet raises 390 million roubles through IPO
    Utinet, an online retailer in Russia that specialises in consumer electronics, priced its shares in its initial public offering at the top of the indicated range. Investor demand for the shares was strong, highlighting confidence in Russia's retail sector. Reuters (20 Jul.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Consumer Electronics 
  • Fnac to focus more on "technology and leisure" products
    Fnac, the French book and music retailer that is part of the PPR group, is planning to shift toward becoming a "technology and leisure" specialist to counter increased competition from online merchants. The retailer also plans to open 30 new locations and update its store layouts. Reuters (19 Jul.) LinkedInFacebookTwitterEmail this Story
  • Gome and Tesco sign strategic cooperation agreement
    Gome, one of the largest home appliance and consumer electronics retailers in China, and Tesco Property have signed a strategic cooperation deal. The agreement will allow the retailers to share resources and work together to explore market demands, cut costs and improve efficiencies. ChinaRetailNews.com (19 Jul.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Want to grow online sales? Use video, says Golfsmith executive
    If a picture is worth a thousand words, guess how much a video is worth? According to Jamey Maki, director of e-commerce and online experience for Golfsmith International, one minute of video is the equivalent to 1.8 million words of copy. At last week's Shop.org Online Merchandising Workshop, Maki shared how Golfsmith's conversion rate has benefitted from video marketing. Read the recap. LinkedInFacebookTwitterEmail this Story
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The right to be heard does not automatically include the right to be taken seriously."
--Hubert Humphrey,
38th U.S. vice president


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