  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Myer's Brookes warns tough trading environment to continue
Bernie Brookes, chief executive officer at Myer, has warned that he expects the retail slump in Australia to continue for another six months or more. "The poor consumers are being bludgeoned," Brookes said, noting that consumer confidence is "probably the worst we've seen it in 30 years." The Australian (28 Sep.)       |  |  | | How to turn money you already spend into points you can use:
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  - Kingfisher's Cheshire favours QE to spur economy
Ian Cheshire, chief executive officer at Kingfisher, said that despite Europe's sovereign debt crisis, spending levels have been steady although subdued. However, if the European economy hits a downturn, Cheshire suggests that officials use quantitative easing to spur the economy. "Given the limited room for manoeuvre in terms of fiscal options, QE makes an awful lot of sense provided it doesn't go on forever," Cheshire said. Reuters (27 Sep.) - Game Group hopes new games will bolster profits
Game Group, which has reported increased losses, is looking to a series of new titles, such as "FIFA 12" and "Legend of Zelda: Skyward Sword", to boost profits. Ian Shepherd, chief executive officer at Game Group, called the new games "an embarrassment of riches". Also, the company's online sales were up 40%. The Telegraph (London) (27 Sep.)  | The Most Options & Convenience for Your Customers to Pay
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 - Major Indian retailers report large jumps in sales
Future Group, Spencer's Retail and other large retailers in India are reporting significant increases in same-store sales since May. Retailers say they are benefiting from a change in consumer shopping habits. "Consumers are buying in bulk each time to save on frequent travel to stores and for better discounts," said Sanjay Gupta, an executive director at Spencer's Retail. The Economic Times (India) (28 Sep.) - Reliance CEO expects India to open up to FDI soon
Reliance Retail CEO Bijou Kurien said India likely will start allowing foreign multibrand retailers to enter the country soon. "How long will it take to actually become policy?" Kurien asked at the World Retail Congress in Berlin. "My sense is between six months to a year from now, because a lot of the work is already completed and the government is under pressure to introduce the reforms." Bloomberg (27 Sep.)  | 10 Principles for Building an Effective Human Capital Plan
The Human Capital Plan is an important tool that organizations use to drive focused actions that can ensure goal achievement and business success. It allows organizations to assess, plan for, and respond proactively to its human capital challenges and needs. Download the white paper to learn more. |
 | E-commerce Spotlight | | | |
 | Spotlight on Luxury Goods | |  | | |  | - "Retail is all about theatre," Holt Renfrew president says
Mark Derbyshire, president of Holt Renfrew, says theatre is the key to retail. "Retail is all about theatre," Derbyshire said. "So much of the product -- you have choices where you buy it. The competition is down the street, in any of the major centres where our customers travel, on the Internet. To me the magic of retail is the magic of theatre. It should be an experience. I believe you come to Holt Renfrew to feel good." The Vancouver Sun (British Columbia) (27 Sep.)  | Logistics is much more than the movement of goods and services. It's also your pre-game strategy. Before you step on the court, you need the right players running the right plays at the right time. Learn more about those key plays in this free whitepaper from UPS and get in the game of logistics. |
 | NRF News | | | | - Consignment sales: market penetration vs. risk mitigation
As retailers react to slowing demand and manufacturers compete for limited shelf space to promote their products, more and more retailers are asking their vendors to sell goods on a consignment basis. Although a cost-saver for retailers, this type of selling adds expense and complexity to the manufacturers' supply chain. In a 29 September STORES Knowledge Series webinar, Richard Angelo, Director of Product Marketing for Jesta I.S. Inc., will share the risks and gains associated with consignment selling, including insights on channel integration, brand visibility and accounting requirements. Learn more.
| SmartQuote | | | |  | He who postpones the hour of living rightly is like the rustic who waits for the river to run out before he crosses."
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