China's biggest online retailers expect sales to surge

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31 October 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Target takes different course by focusing on Canadian malls In the US, few of Target's 1,762 stores are located within a mall, but the retailer is taking a different approach in Canada, where many of its outlets will be part of shopping centres. The situation raises questions for other retailers as well as retail landlords. The Gazette (Montreal) (tiered subscription model) (28 Oct.)      Spinneys looks to expand in Middle East, CEO says Spinneys, the supermarket chain that launched in Egypt in 1924, is poised to exceed $1 billion in revenue in two years, according to CEO Michael Wright. "We anticipate that by 2013 our annualized revenue will be at $1 billion," he said. The retailer is looking into expansion opportunities in the Middle East, Wright said. Reuters (31 Oct.)      Other News Traditional Chinese medicine provider opens shop in UAE ChinaRetailNews.com (31 Oct.)      Avoid theft and fraud with Modern Video Security. Learn how businesses and institutions are preventing loss and theft by implementing Facial Surveillance, License Plate Recognition, and Advanced Oject Tracking by downloading this Executive Brief from 3VR.   Retail in Europe    Mercator warns about risks involved in takeover talks Mercator management said it supports a decision by its shareholders to continue takeover talks with Agrokor of Croatia, but said caution was necessary. "The risk of an unsuccessful closing of the transaction could cause irreparable damage to the Mercator group, its shareholders, employees and stakeholders," according to a statement from the company's management. Reuters (28 Oct.)      Primark to open menswear concessions in Selfridges stores Primark, the discount fashion chain, plans to launch menswear concessions in Selfridges department stores in Birmingham and Manchester. The stores will feature Primark clothing, footwear and accessories. About a tenth of the offering will be Primark goods that are only available at Selfridges. The Telegraph (London) (28 Oct.)      Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today!   Retail in Asia    India might raise limit on FDI in single-brand retail Indian Trade Minister Anand Sharma said the country is looking into the limit on foreign direct investment in the retail sector. "We are seriously considering raising the FDI limit in single-brand retail," Sharma said. Currently, India limits FDI in single-brand retailers to 51%. The Wall Street Journal (tiered subscription model) (31 Oct.)      Get the Information That Leads to Higher Sales Learn how a 0.1 percent increase in employee engagement generated more than $100,000 in one store's income when you download the white paper HR and Payroll - Achieving Accountability, Transparency in Retail. A unified HR and payroll system gives you high-quality data you can use to serve customers better.   Retail in Latin America    Chile's La Polar struggled over past decade, executive says Cesar Barros, newly appointed president at Chile's Empresas La Polar, estimated that the retailer posted losses of almost $100 million annually over the past decade. La Polar's financial statement showed $893 million in accumulated losses for the period. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (28 Oct.)      Improve Holiday Sales Results with Tools from Akamai! Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never too soon to focus. Download Akamai's Holiday Toolkit now!   E-commerce Spotlight    China's biggest online retailers expect sales to surge The major online retailers in China expect to see sales rise significantly in 2012, prompting a scramble for warehouse space. "Everyone wants more warehouses," said Ji Wenhong, chief executive officer of luxury goods retailer xiu.com. "Any warehouse bigger than 20,000 square meters will be leased the second it's out on the market." Bloomberg (31 Oct.)      Marks & Spencer to launch online-only plus size range Marks & Spencer has become the latest retailer to announce its intention to capitalize on available cyberspace by launching an online-only range. The retailer will sell clothing in sizes 20 to 28, which are not stocked by many of its traditional stores due to lower demand and a lack of space. InternetRetailing.net (28 Oct.)      ERP solutions are, by nature, large and complex. How do you select the solution best-suited to your firm? In this guide, Focus Experts share their top 6 best practices for selecting ERP software. Learn more by downloading this free white paper now!   Spotlight on Mass Merchandise    Germany's Metro expected to warn on profits Metro faces increasing pressure to figure out who will succeed CEO Eckhard Cordes as the German group is expected to post a profit warning. Metro has maintained its goal to grow earnings in 2011 by roughly 10%. However, Cordes has said that Metro is on track to beat 2010 profit. Reuters (28 Oct.)      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  7 ways to leverage social commerce on your site If Facebook is primarily a complementary sales channel and a branding and engagement tool, how should retailers invest in social media for maximum ROI? In a recent addition to the Shop.org white paper library, executives from Janrain outline the seven most important ways for retailers to leverage Facebook and social commerce to grow conversions and sales: ratings and reviews, social identities, social sharing, incorporating friends and social graphs, social ads, and use of credits. Download the white paper.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  I have, indeed, no abhorrence of danger, except in its absolute effect -- in terror." --Edgar Allan Poe, American writer        This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Susan W. Kim (202) 407-7877 Download Media Kit       Recent NRF Global SmartBrief Issues: Friday, 28 Oct 2011 Thursday, 27 Oct 2011 Wednesday, 26 Oct 2011 Tuesday, 25 Oct 2011 Monday, 24 Oct 2011     Lead Editor:  Liz DeHoff       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 USA     © 1999-2011 SmartBrief, Inc.® Legal Information