| Global retail industry news |  |
| Global Industry Watch |  |  | | - JB Hi-Fi shares recover despite challenging market
JB Hi-Fi reported A$109.7 million in profit for the 12 months to June 30, down about 7.5% from the same period the previous year. Investors, however, helped push up the company's share prices. Juliette Saly, a market analyst at CommSec, said shareholders welcomed JB Hi-Fi's expansion plans. "It's going to open 16 new stores across 2012 and also the dividend they paid to shareholders looked okay, so JB Hi-Fi is bucking the trend in the retail space," Saly said. The Sydney Morning Herald (Australia)/Australian Associated Press (08 Aug.)       | The Business Platinum Card® from American Express OPEN
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  - Discounts help UK retailers increase sales in July
Fashion, luxury and beauty retailers in Britain saw a solid month of sales in July, while most general-merchandise chains struggled due to the ongoing squeeze on consumer spending, according to BDO's sales tracker. BDO cited cooler weather in July as prompting an "early run on autumn ranges that were already being hailed as bolder than in recent years, combined with promotional activity." The Independent (London) (08 Aug.) - EU probes claims against luxury watchmakers
EU antitrust regulators are looking into claims that some luxury watchmakers, including Swatch Group, are refusing to supply independent repairers with spare parts, a violation of EU rules. "It concerns almost the entire watch industry. We are confident regarding the outcome of this investigation," said Beatrice Howald, a spokeswoman for Swatch. The Telegraph (London) (06 Aug.) - Luxottica to pay €20 million for Erroca chain
Michael Wolf and his nephew Yosef Wolf bought the sunglass chain Erroca for $1 million 15 years ago and are now selling it to Luxottica Group for €20 million. Luxottica plans to rebrand the chain Sunglass Hut, which is the world's largest retailer specializing in sunglasses. Globes (Israel) (07 Aug.)  | As eCommerce has grown to represent a significant percentage of retail sales and profits, merchants should consider payment strategies that can enhance their online services, open new markets and protect the bottom line. Download this free white paper to learn more. |
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 | Technology Solutions | | | | - Consumers increasingly use smartphones as shopping tool
Shoppers are using their smartphones to compare prices as they seek discounts and other deals. The ability to easily compare prices will prompt some consumers to make their purchases online, according to the consumer group Choice, but many shoppers are still opting to make their purchases in-store. "Shoppers are shopping wherever there is really good customer service, where it is convenient for them and where the prices are great," said Choice spokeswoman Ingrid Just. "For many that is online, increasingly so, for others it's still in store and the bulk of the shopping is still done in store." The Courier-Mail (Brisbane, Australia) (06 Aug.) | Spotlight on Mass Merchandise | | | | - Carrefour moves closer to being broken up
The recent management overhaul at Carrefour indicates that Blue Capital could be preparing to spin off or possibly sell the French retailer's emerging market operations. Carrefour has seen its share price drop to 16-year lows. Reuters (05 Aug.) | NRF News | | | |
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