South Africa's De Beers opens first store in Kazakhstan

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07 July 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Survey: Australian consumers to tighten spending Almost half of Australia's consumers plan to cut back on discretionary spending during the next year, making the country the third most risk-averse nation behind Greece and the UK, according to a survey from Boston Consulting Group. About 47% of Australians surveyed said they were personally affected by the global downturn, despite feeling more secure about their jobs and incomes. Inside Retailing Online/Australian Associated Press (07 Jul.)      New US-Mexico trucking deal means lower tariffs Mexico will eliminate tariffs on imports from the US as part of a new cross-border trucking agreement that will allow trucks from Mexico to carry loads to their final destinations instead of transferring them to US-owned trucks shortly after crossing the border. The New York Times (tiered subscription model) (06 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  Sports Direct purchases majority stake in 2 fashion chains UK-based retailer Sports Direct aims to shed its discount image with the acquisition of 80% of USC and Cruise Clothing, two fashion chains known for selling upscale brands including Uggs and Adidas. Sports Direct, which operates 470 branded stores, will create a new luxury lifestyle division to operate the USC and Cruise stores. The Guardian (London) (06 Jul.)      Other News Rising food prices push UK inflation rate higher The Independent (London) (06 Jul.)      M&M's opens first non-US store in London's Leicester Square The Retail Bulletin (06 Jul.)      Publish your company news with SmartBrief SmartBrief has made it easier than ever to put your press release in front of our highly targeted audiences. Visit SmartBrief.com/press to learn more about the 100+ SmartBrief newsletters that accept Press Release submissions, or click here to start scheduling your release today.   Retail in Asia    South Africa's De Beers opens first store in Kazakhstan South African diamond retailer De Beers opened a shop in Almaty, Kazakhstan, to meet the growing demand for luxury products among the country's oil-rich consumers. The news came a day after Saks said it plans to open a 91,000-square-foot department store in the Central Asian country. The Globe and Mail (Toronto)/The Associated Press (06 Jul.)      France's Longchamp plans China expansion French luxury retailer Longchamp is in expansion mode in China, its fastest growing global market. The family-owned company expects to open between six and 12 new China stores annually for the next three years. The chain currently operates 13 stores in eight Chinese cities. China Daily (Beijing) (06 Jul.)      Let Social Media Find Your Staff For You Give your hiring managers fast, easy access to quality employees by pairing social media with automated recruitment solutions that use Web 2.0 functionality. Download the white paper Automating Social Recruiting for Better Hiring and see how 85 percent of best-in-class companies save money with automation.   E-commerce Spotlight    Report: Indian consumers avoid buying personal items online Indian consumers are comfortable buying airline tickets and booking hotels online but much less so when it comes to purchasing personal items including clothing, shoes and jewelry, according to a new report. Consumers use the Web to research products and prices, but stop short of clicking to buy because of concerns about product quality, delivery and the safety of online payments. The Economic Times (India)/Indo-Asian News Service (06 Jul.)      South Africa's Massmart gears up to start selling online Massmart, the South African retail chain that recently merged with Wal-Mart, is slowly moving to enter the world of e-commerce. Online retail sales in South Africa have seen growth of between 30% and 35% annually during the last five years. InternationalSupermarketNews.com (U.K.) (06 Jul.)      Amazon's acquisition is a homecoming for Book Depository founder Book Depository founder Andrew Crawford launched the online bookseller after helping retail giant Amazon get up and running in the UK in the late 1990s, and says he's looking forward to working with his former employer again now that Amazon has sealed a deal to acquire his company. City A.M. (London) (06 Jul.)      Organizations who handle payment card data are obligated to comply with the Payment Card Industry Data Security Standard (PCI DSS). This whitepaper discusses how the TransArmor® solution can enable scope reduction, minimizing costs and effort of PCI compliance.   Spotlight on Consumer Electronics  South Korea lifts laws that stifled mobile game developers Officials in South Korea have lifted laws that required all mobile games to be rated by the government, paving the way for developers who design gaming applications for Apple and Android devices to start selling their creations in the country. "With the rule out of the way, we can now expect Apple and Google to throw open games in Korea," one analyst said. Bloomberg (06 Jul.)      Flat-screen TV sales slump takes a bite out of Samsung profits Consumer electronics giant Samsung reported a 26% profit decline in the most recent quarter, driven largely by soft sales of flat-screen TVs. The company also reported a jump in demand for smartphones and tablet computers. Bloomberg (07 Jul.)        NRF News  What's hot in retail From a blog post on five leadership tips from GameStop CEO Paul Raines and results from the seventh annual Organized Retail Crime Survey to NRF's Loss Prevention Conference & EXPO in Dallas, the month of June was filled with research and retail education. View a complete list of the most popular resources and articles in retail from last month. Read more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  The cradle of the future is the grave of the past." --Franz Grillparzer, Austrian 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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