Monday, September 19, 2011

Taobao Mall invites other virtual stores to its site

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19 September 2011
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  Retail in Europe 
 
  • Karen Millen warns UK performance has slowed
    Karen Millen, the fashion chain with nearly 100 stores in Britain and 120 overseas shops, has warned that its performance in the UK has been slowing. However, the retailer is expected to report a 15% jump in turnover in the year ending in February 2011. Since then, the company's performance has been "softer" in the UK, according to Chairman Derek Lovelock. Google/The Press Association (U.K.) (19 Sep.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Harley-Davidson works to break into China
    Dozens of cities in China have restrictions on two-wheel vehicles. Those rules are hindering Harley-Davidson's growth in China. "Regulations are a pain," said Calvin Chen, a Shanghai businessman who owns a Harley V-Rod Muscle. "There are many roads you can't ride on, and the rules differ from place to place." Harley is encouraging the Chinese and US governments to ease such restrictions. Bloomberg (18 Sep.) LinkedInFacebookTwitterEmail this Story
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.
  Retail in Latin America 
 
  • Chile's Grupo SMU acquires store chain
    Grupo SMU, which owns the No. 3 supermarket chain in Chile, has acquired Supermercados del Sur as it aims to ramp up its business in the competitive field. Details of the deal were not disclosed. SMU, which competes with Cencosud and Wal-Mart, also put on hold plans to register its shares with regulators. Reuters (18 Sep.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Taobao Mall invites other virtual stores to its site
    Taobao Mall is making a strategy shift by allowing dozens of online retailers in China to open virtual shops on its site. Taobao Mall has traditionally focused on hosting outlets for Uniqlo, Dell and other major retail brands. "We never forbid other [business-to-consumer sites] to open storefronts on Taobao. But this is the first time we officially invite those [sites] to come here to work with us," said Taobao Mall President Daniel Zhang. The Wall Street Journal (tiered subscription model) (19 Sep.) LinkedInFacebookTwitterEmail this Story
  • Amazon launches site for Spanish shoppers
    Amazon is offering books in the Spanish, Catalan, Basque and Galician languages as it expands its European network to include Spain. "Amazon arrives in Spain," the site announced. "Now you can make your purchases in Spanish." The site includes DVDs, CDs and other goods, but its Kindle and electronic books are not yet available directly from the Spanish site. The Independent (London)/Agence France-Presse (18 Sep.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Mass Merchandise 
  • Wal-Mart's Duke sees opportunities abroad
    Mike Duke, CEO of Wal-Mart, discusses the global economy and how it affects the retailing giant. Duke said that while the US economy remains under pressure due to low jobs and high fuel costs, the company sees retail opportunities in countries such as China and Brazil. He also discusses Wal-Mart's acquisition of Massmart in South Africa. USA TODAY (18 Sep.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • NRF shares why retailers will continue to market the holidays early this year
    For as long as NRF has conducted its holiday spending survey -- which is heading into its ninth year -- 40% of Americans have said they begin their holiday shopping before Halloween. That means that while they are choosing which vampire or pumpkin costume they want, they are also reaching for ornaments and tree skirts. NRF's Ellen Davis joined the "CBS Early Show" to discuss this trend. Retailers aren't quick to abandon Halloween altogether, but they know many shoppers out there really want to get some of their holiday shopping done early. Watch the clip. LinkedInFacebookTwitterEmail this Story
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