  | Global retail industry news |  |
- Inditex reports H1 profit up as expansion continues
Inditex, the owner of the Zara fashion chain, reported a 14% increase in income for the first six months of 2011. The largest clothing retailer in the world noted that it had opened 177 stores around the globe during the first half of 2011 and is planning to enter Peru, Taiwan, South Africa, Azerbaijan and Georgia soon. BBC (21 Sep.)      - New Zealand's Kathmandu sees annual profit surge
Kathmandu Holdings, the Christchurch-based outdoor clothing retailer, reported more than $NZ39 million in profit for the 12 months that ended June 30. Kathmandu sales rose 25%. "We have achieved double digit same-store sales growth in both Australia and New Zealand and improved margins despite the well-publicised difficult economic environment," according to CEO Peter Halkett. "Our key growth strategies are working and delivered solid sales and profit growth this year despite a tough environment, so FY12 is really about more of the same." The Sydney Morning Herald (Australia)/Australian Associated Press (21 Sep.) - Walmart Canada sees upside in economic uncertainty
David Cheesewright, chief executive officer at Walmart Canada, said that the retailing giant has a strong increase in its opening price points and other areas of its business. "That more affluent customer might not shop everything at Walmart, but when they come in to buy their detergent they are quite surprised," he said. "The longer the market remains unsettled the more we are going to see that customer who had maybe started to head back to the malls [post-recession], but the longer the market remains unsettled, the more of those customers are going to come back to value." Financial Post (Canada) (20 Sep.)  | IMPACT Comes to You Roadshow 2011—St Louis, MO
See how companies like yours are driving growth by implementing technologies such as Business Process Management, Service Oriented Architecture, and Cloud technologies. Meet with other business and IT leaders, hear customer success stories, and watch product demos. Register for Impact Comes to You! |
  | Quick Guide to Workers’ Compensation in 2011 and Beyond
Gain a better understanding of how workers’ compensation insurance works, and how to minimize its cost. From explaining how premiums are calculated to describing the essentials of a good workplace safety program; this 12-page guide will help you make informed decisions about workers’ compensation insurance for your business.
America's small business insurance specialist® |
  | 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. |
  - Online stores tap expertise of traditional retail workers
In India, online retail sites are quickly becoming the place to shop for laptops, lipsticks and a wide variety of other items. Internet firms are getting financing from venture funds as they promise to deliver goods right to consumers' doorsteps. However, one thing they often lack is retail expertise. "Core skills like product sourcing, warehousing and logistics are not available at Internet start-ups. We have to get them from brick and mortar players," said Kunal Bahl, chief executive director at snapdeal.com. The Times of India (20 Sep.) - Report delves into Australia's retail battle
AMP Capital Shopping Centres in Australia has released its annual Recommended Retail Practices Report, which indicates that the battle between online and traditional retailers is not as simple as it's being presented. The report says that retailers need to embrace digital integration because consumers have come to expect it. Marketing Mag (Australia) (20 Sep.)  | Top 5 HR Compliance Concerns for Small Business
Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issue — human resource compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues. |
 | Spotlight on Luxury Goods |  |  | | |  | - LVMH executive optimistic about demand for luxury goods
Yves Carcelle, head of the fashion and leather goods division at LVMH Moet Hennessy Louis Vuitton, said that the company isn't not seeing any indications that demand for luxury goods is slowing in Europe or America. "Even in period of crisis, people want to treat themselves," said Carcelle. "We don't see any signs of slowing down whether it's in Europe or in America. The world of luxury doesn't obey the same rule." Bloomberg (17 Sep.)  | NRF News | |  | | - NRF starts push for jobs, innovation and consumer value agenda
NRF this week announced an unprecedented campaign to demonstrate the value of retail to the U.S. economy marked by significant investment in grassroots, social media and communications. With new data that showcases the strength of the retail industry, the centerpiece of the campaign is an interactive website, www.RetailMeansJobs.com, which includes an action center designed to encourage engagement on behalf of the retail community's agenda. Read more.
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