   | Global retail industry news |  |
- Esprit sees full-year profit sink
Esprit Holdings reported a 98% plunge in full-year profit, prompting shares to fall more than 15%. The Asian apparel and accessories retailer has decided to sell its operations in North America. Esprit has also said it will rein in retail operations in Sweden, Denmark and Spain. Reuters (15 Sep.)       | Achieving Operational Efficiency: Business Solutions for Midsize Companies from SAP
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 - Kingfisher to ramp up expansion in Britain
Kingfisher, the home-improvement retailer, said that along with seeking acquisition targets, it is also planning to create more than 1,200 jobs in Britain as it expands. The company reported a 24% surge in first-half profit. "Looking ahead, economic uncertainty throughout Europe is likely to impact consumer confidence, meaning conditions will remain challenging for retailers," said CEO Ian Cheshire. "However, our plans already assumed little help from our markets and I am confident we will continue to outperform, benefiting from our well-established program of self-help initiatives, international scale and breadth, and robust balance sheet." The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (15 Sep.), BBC (15 Sep.)  | Get Paid Fast & Easy with PaySimple
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 - Mexico's retailers saw uptick in sales last month
Mexico's retailers, including Organizacion Soriana and Wal-Mart de Mexico, reported a 1.8% increase in same-store sales in August, according to the retailers association ANTAD. Total sales rose 8.5% compared with the same month the previous year. Reuters (14 Sep.)  | Making a big change starts with keeping a small promise.
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 - Asos launches standalone Australian website
Asos, the online fashion retailer based in the UK, is significantly expanding its international offerings, which now includes a standalone site for Australia. The company recently added sites in the US, France and Germany and is planning to roll out websites tailored for Spain, Italy and China. Inside Retailing Online (15 Sep.)  | Xerox® ColorQube® solid ink printers, starting at $699. With 90% less waste and speeds up to 40 ppm, ColorQube® is your perfect solution for affordable color printing. Plus, save up to $300 with a trade-in rebate. Enter to win an Apple® MacBook Pro™. |
 | Spotlight on Consumer Electronics |  |  | | |  | - Danish retailer Aesir offers solid gold mobile phone
Thomas Jensen, founder of the Danish retailer Aesir, said that the company's limited-edition 18-carat gold phone is "not a play thing." The company is looking to sell the $57,400 phone, which doesn't offer Internet access, a camera or GPS navigation, to Russia's elite. "It's a collector's item. People are used to collecting, say, watches, while designer phones is a practically empty niche," Jensen said. Reuters (14 Sep.)  | Is your period-end close consistent and efficient? Download this eBook to learn how to automate this critical business process and transform your financial close into an integrated, repeatable process, executed with precision and speed—every time. |
 | NRF News | |  | | - NRF CEO: Online retail is bright spot in business
NRF President and CEO Matthew Shay kicked off the Shop.org Annual Summit on Tuesday with an overview of where the online retail industry has been, and where it's going. During his remarks, Shay offered insights on today's "omni-channel" shopper, discussed where opportunities lie for the industry, and made a declaration on why he knows that the online retail industry is a force to be reckoned with. Watch the video. Shop.org Blog (14 Sep.)
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