LVMH expects demand for luxury goods to continue

Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/dbyjCaiGapCapOpfCidarfBWcNKblT

27 July 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    LVMH expects demand for luxury goods to continue LVMH Moet Hennessy Louis Vuitton reported a 25% increase in first-half income, exceeding market expectations. The luxury goods maker said it does not expect demand for luxury goods to slow. "We approach the second half of the year with confidence and are relying upon the creativity and quality of our products as well as the effectiveness of our teams to pursue further market-share gains," said LVMH CEO Bernard Arnault. Bloomberg (27 Jul.), The Wall Street Journal (tiered subscription model) (26 Jul.)      The business phone system market is constantly changing. Vendors are battling for your business with expanded feature sets and competitive pricing. How do you know which system is right for your enterprise-class business? Focus Experts have just completed a comprehensive guide for 2011 to help you assess your needs and choose a phone system that fits.   Retail in Europe  Germany's Metro to ramp up efforts with MediaMarkt-Saturn Metro acknowledged that its MediaMarkt-Saturn unit's performance fell below market expectations in the last quarter and is working to bolster its results. Otherwise, the German retailer confirmed its full-year earnings outlook. "Apart from Media-Saturn, all sales divisions of the Metro Group are in line with market expectations," said Olaf Koch, chief financial officer at Metro. MarketWatch (26 Jul.), Reuters (26 Jul.)      Carphone Warehouse says retail environment remains tough Carphone Warehouse's results are being helped by ongoing demand for tablet computers and smartphones, but it is struggling to move high-priced accessories. "You're not going to sell £150 headsets in this environment as easily as you would in another," said CEO Roger Taylor. Reuters (27 Jul.)      Other News Portugal's Jeronimo Martins reports 47% surge in profit Reuters (27 Jul.)      The Business Platinum Card® from American Express OPEN Spending power for your business. Premium benefits for you. Access a portfolio of 30+ premium benefits, including: • Membership Rewards® points that pay for flights, hotels, and more • 24/7, 1-on-1 Concierge for help with your life and your Business • Annual $200 Airline Fee Credit for any airline Business Platinum Card APPLY NOW   Retail in Asia    Apple revises service terms at App Store for Taiwan Apple has reported on its website that it has amended its service terms for its App Store for Taiwan. The company is offering a seven-day unconditional refund policy for Taiwanese shoppers who buy applications from the website. ChinaRetailNews.com (27 Jul.)      China's Sun Art climbs before Hong Kong debut Shares in Sun Art Retail rose in gray market trading on the eve of its debut in Hong Kong. "The market has been fairly positive on the company's business model and French-Taiwanese management, as well as its sizeable market share," said Ben Kwong, chief operating officer at KGI Asia. "Sun Art shouldn't do too badly tomorrow. The market is stabilizing so investors may be looking to buy." Bloomberg (26 Jul.)      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 guide highlights incentives for enrollment and a timeline of important dates and deadlines. Don't let them pass you by—Learn more here!   Retail in Latin America    Brazil's CBD reports increase in quarterly profit Companhia Brasileira de Distribuicao, the largest retailer in Brazil, reported a 64% surge in quarterly profits. The company boosted its sales from BRL7.81 billion in the second quarter of last year to BRL12.6 billion in the same period this year. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (26 Jul.)      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.   E-commerce Spotlight  Traditional retailers protest e-commerce site's low prices About 100 traditional retailers blasted an online merchant on Taobao.com, saying it is violating corporate pricing rules with its low prices. The retailers demanded that Taobao stop Shanluolang from undercutting them on price. Xinhuanet.com (China) (26 Jul.)      US online retailers get boost from foreign shoppers Many American retailers have started offsetting flat growth in the domestic market by expanding into new countries. Gap, for example, launched dedicated sites in Canada and Britain and also started offering international shipping. From 2008 to 2010, spending from international consumers rose 20%, according to comScore. eMarketer (27 Jul.)        Spotlight on Luxury Goods  Luxottica posts record quarterly results Luxottica Group reported an 8% rise in quarterly profits, while sales were up 2.4%. If the dollar hadn't taken a dive against the year, sales would have been up 9.5%, the company said. Andrea Guerra, chief executive officer at Luxottica, said new store openings and assets are "laying the basis for an even more solid growth" in the future. The Wall Street Journal (tiered subscription model) (26 Jul.)        NRF News  Survey finds smartphones, tablets replacing other gadgets If you think smartphone and tablet users are only using the devices to surf the web or talk on the phone, think again. A recent survey by BIGresearch found that iPhones, Droids and iPads are replacing alarm clocks, GPS devices and digital cameras. Read more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  Friendship is always a sweet responsibility, never an opportunity." --Khalil Gibran, Lebanese-American artist, poet and writer        This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Susan W. Kim (202) 407-7877 Download Media Kit       Recent NRF Global SmartBrief Issues: Tuesday, 26 Jul 2011 Monday, 25 Jul 2011 Friday, 22 Jul 2011 Thursday, 21 Jul 2011 Wednesday, 20 Jul 2011     Lead Editor:  Megan Conniff       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 USA     © 1999-2011 SmartBrief, Inc.® Legal Information