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  - German retail sales dropped 2.9% in August from July
Retail sales in Germany dropped in August compared with July, which saw a small increase, according to the Federal Statistics office in Wiesbaden. Christian Schulz, an economist at Joh. Berenberg Gossler & Co., said the figures "don't reflect that the trend remains positive as consumer confidence is actually holding up relatively well." Bloomberg (30 Sep.)       | Are spreadsheets at the center of your period-end close? In 2005, the Canadian company, TransAlta suffered from a $24 million charge after a bidding mistake was caused by a cut-and-paste mishap in a spreadsheet. Don’t let this be you! Download this eBook to learn how injecting automation into your close process can help you steer clear of costly mistakes. |
 - CapitaMalls teams up with Hang Lung to develop malls in China
Hang Lung Properties, a Hong Kong developer, and Singapore-based CapitaMalls Asia are planning to tap into China's growing consumer market for luxury goods by building new shopping centres. "There are a lot of opportunities in retail property in China," said Sherman Yeung, director of retail services for North China at Colliers International. "The population is big and the country needs domestic consumption to boost the economy." Hang Lung purchased a couple of sites in Kunming, according to a filing with a stock exchange. Bloomberg (29 Sep.)  | How will IM, video, telephony and other elements of UC change in the coming year? This set of products provides a consistent unified user interface and experience and is poised to become more widespread in the enterprise. Get insight from Focus Experts as they share their predictions for Unified Communications in this free guide. |
 - Australian online retailers see market changes
Online retailers in Australia have noted a shift in the market as women between the ages of 25 and 35 with high incomes emerge as the most typical online shopper. "They have few children, are aspirational shoppers and are time-poor," said Rob Blythe, an analyst at Macquarie Bank. The shift has prompted retailers to respond by offering more apparel and making other changes. SmartCompany.com.au (Australia) (30 Sep.), The Australian (30 Sep.) - Co-buying sites offer bulk discounts to consumers
Gideon Lask, founder of the co-buying website BuyaPowa, said that the trend is part of the evolution of online shopping. "First there were sites like Amazon, which were like traditional retailers, then we saw the auction sites like eBay, then we have had all the voucher sites, and now we will see co-buying sites like BuyaPowa," Lask said. Flubit, Kidoo and other co-buying sites are being launched, each with a slightly different twist. The Guardian (London) (29 Sep.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a complimentary whitepaper. |
 - H&M chief remains optimistic about future in UK market
Trading conditions in the UK have been tough lately, but Karl-Johan Persson, president and chief executive officer at Sweden's Hennes & Mauritz, is optimistic. "We still see a continued potential of good growth in the U.K.," Persson said. H&M has reported a 20% increase in sales in the UK so far this year. MarketWatch (29 Sep.) - Uniqlo aims to grow with focus on functional apparel
Japan-based Uniqlo will open three new U.S. and U.K. stores in October, fueling expansion with new lines focused more on functionality than fast-fashion trends. New lines including the Uniqlo Innovation Project, or IPJ, feature high-performance winter coats, zip-front jackets and antibacterial T-shirts that block UV rays while retaining body heat. Women's Wear Daily (subscription required) (29 Sep.)  | Kickstart your business’ marketing with FedEx Office! Save big on posters, postcards and brochures, with up to 40% off on select print products. Go to FedEx Office to take advantage of the Look Good On Paper Print Sale to get discounts on all your business printing needs. |
  | NRF News | | | | - KPMG partner says investment in IT, expansion priority for retailers
According to a recent survey by KPMG, nearly half of retail executives indicate they intend to increase spending in information technology over the next year, by far the highest priority investment area for the industry. In a recent Q&A on Retail's BIG Blog, Mark Larson, partner at KPMG U.S. and a global retail industry leader, shares more about the insights previous surveys have offered and discusses what retailers can expect this holiday season. Read more.
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