McDonald's persuades Russia it's a retailer, not a restaurant

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14 July 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Analysis: US offers opportunities for foreign retailers The US and some other markets offer retailers in Australia and around the world an opportunity as real estate prices have been depressed and rental growth has yet to resume on a broad basis. Mall rental rates in the US average roughly $200 per square metre, according to CoStar, which is low compared to Australian rates. The Sydney Morning Herald (Australia) (13 Jul.)      David Jones revises sales and profit forecasts David Jones has struggled amid declining consumer sentiment, forcing the Australian department store chain to issue a profit warning. "The dramatic and rapid deterioration in trading conditions ... has been unprecedented," said CEO Paul Zahra. The Sydney Morning Herald (Australia) (14 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.   Retail in Europe    McDonald's persuades Russia it's a retailer, not a restaurant McDonald's, the US fast food chain, has successfully argued that for tax purposes in Russia it should be classified as a food retailer rather than a restaurant. Other fast food chains in Russia are expected to follow McDonald's lead, as taxes levied on retailers are lower than those on restaurants. The Telegraph (London) (13 Jul.)      SuperGroup proves critics wrong with increased sales Detractors of the fast-growing retailer SuperGroup said the company behind the Superdry fashion brand wouldn't have much of a future, but the firm is proving its critics wrong. "Some people have likened us to the FCUK scenario, which was very much one logo-led," said Julian Dunkerton, the founder and CEO. "Now the market is understanding us better; we are not like that. We have a huge range of product, our [customer] demographic is huge." The Guardian (London) (13 Jul.)      M&S's Bolland has lingerie to thank for higher sales Strong sales of Brazilian-style knickers helped Marks & Spencer CEO Marc Bolland avoid a revolt by shareholders at the retailer's annual meeting. The company reported quarterly sales that exceeded market expectations, although caution remains the mantra amid weak consumer spending and a tough economic environment. The Wall Street Journal (tiered subscription model) (13 Jul.), The Guardian (London) (13 Jul.)      Scheduling That Works for Employers and Employees: It's Not a Mirage Download the white paper How Automated Schedule Design and Management Benefits Both Employers and Employees for valuable tips on giving scheduling control and flexibility to employees. The result? Automated scheduling increased employee effectiveness for 84 percent of managers.   Retail in Asia    Inditex plans to launch 120 new outlets across China Inditex, the parent company of Zara and other brands, is reportedly planing to open 120 new locations for its various brands across China this year. The openings will help bolster the Spanish-based company's position as one of the leading fashion retailers in the world. ChinaRetailNews.com (14 Jul.)      Study delves into concerns of India's organised retail sector Deloitte Touche Tohmatsu India and the Retailer's Association of India have released the results of a joint study into the concerns of India's organised retail sector. Retailers are worried about the threat of poaching, a lack of experienced employees and talent, and the stressful work environment. The Economic Times (India) (13 Jul.)      At MetLife, Protecting Your Family Is Our Business With rates like these, there may never be a better time to open a quality life insurance policy for your family. Get a life insurance policy from MetLife. Rates are as low as $14 per month for $250,000 of coverage, or $21 per month for $500,000 of coverage. Get a free, no-obligation quote today.   Retail in Latin America    Mexico's retailers post 4.2% jump in same-store sales ANTAD, the retail association in Mexico, said members, including Wal-Mart de Mexico and Soriana, reported a 4.2% increase in same-store sales in June. ANTAD attributed the increase to Father's Day promotions. Meanwhile, total sales surged 10% compared with the same month the previous year. Reuters (13 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!   E-commerce Spotlight  Asos reports 63% surge in quarterly sales Asos cited growth in its international operations as the driver behind a 63% rise in quarterly sales. The online clothing retailer said revenue for the quarter rose to £107.3 million, up from £65.8 million the same period the previous year. "The new financial year has started well," said CEO Nick Robertson. Bloomberg (14 Jul.)        Spotlight on Consumer Electronics  Dixons CEO Browett sees silver lining in firm's results John Browett, chief executive officer at Dixons, joined the consumer electronics giant just as the credit crunch began and has since been weathering the economic downturn and a trading environment that has remained difficult. Although Dixons' full-year results were less than stellar, Browett sees bright spots and is optimistic about the company's future. The Telegraph (London) (09 Jul.)        NRF News  There's just one day left to save $450 on Retail's BIG Show NRF's 101st Annual Convention & EXPO will bring together more than 22,000 attendees, 500 solution providers and 150 speakers next January in New York. Register before July 15 and save $450 on the cost of a full-conference pass. Learn more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  To be human is to keep rattling the bars of the cage of existence hollering, 'What's it for?' " --Robert Fulghum, American 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. 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