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  | Global retail industry news |  |
- Loblaw bets future on reviving its foodie reputation
The opening of Loblaw's new Toronto flagship this week is the latest sign of the chain's turnaround strategy, which hinges on a return to the supermarket's roots after unsuccessfully diversifying into non-food categories. The new store boasts artisan breads baked on-site, a sushi bar and an entire wall of cheeses. The Globe and Mail (Toronto) (29 Nov.)      - Canadian developers to create one-stop home improvement mall
A trio of developers are turning a former aluminum factory into a mall aimed at offering Toronto homeowners a single place to find all the materials for their home improvement projects. The mall, dubbed Improve, has sold 70 of its 401 store spaces and plans to open in 2013 with a lineup of small merchants selling everything from blinds to kitchen sinks. The Globe and Mail (Toronto) (28 Nov.)  | 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! |
 - Waitrose creates how-to videos for Christmas
UK supermarket chain Waitrose will create a series of how-to videos starting with a Christmas planning piece starring chef Gordon McDermott that will debut today on Facebook. The company plans to further boost its social media presence with live weekly Facebook Q-and-As with culinary experts. Brand Republic (U.K.) (29 Nov.)  | Key Steps Business Owners Should Know About Successful International Payments. This American Express® guide helps you streamline FX payments. Includes FX payment provider profile, how to simplify payments, and insightful FAQ. |
 - India's prime minister stands behind FDI decision
Prime Minister Manmohan Singh said he believes the decision by India's Cabinet to allow foreign retailers to own a majority stake in their stores there will help small farmers and modernize the country's retail industry. Opponents say the change will hurt India's small businesses, and there are some signs that the issue could come to a vote in Parliament. The Wall Street Journal (29 Nov.) - Report: Hong Kong boasts Asia's priciest retail space
Hong Kong is home to three shopping districts with the highest retail rents in the Asia-Pacific region, driven largely by increased spending by a growing group of affluent Chinese tourists, according to a report from Cushman & Wakefield. Shops in the city's Causeway Bay district command the highest rents, with an average annual rate of $2,001 per square foot. Bloomberg Businessweek (29 Nov.)  | Organizations who handle payment card data are obligated to comply with the Payment Card Industry Data Security Standard (PCI DSS). This whitepaper discusses how the TransArmor® solution can enable scope reduction, minimizing costs and effort of PCI compliance. |
  | 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! |
 | Spotlight on Luxury Goods |  |  | | |  | - Prada takes a prudent view amid Europe's economic uncertainty
Prada reported a 75% rise in net profits in the third quarter as affluent consumers, especially in Asia, snapped up the luxury-goods company's iconic bags and shoes. The company could face bigger challenges next year if the euro-zone's debt crisis worsens, said Deputy Chairman Carlo Mazzi, but Prada's geographical diversity should help it weather currency fluctuations. The Wall Street Journal (29 Nov.)  | 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. |
 | NRF News | |  | | - How a "touchless touchscreen" reinvigorated Bally Total Fitness
To modernize their brand and connect with their customers' needs, Bally Total Fitness took a creative approach to store design. At Retail's BIG Show, Jan. 15 to 18 in New York City, the company will share how members can keep track of their results and more using interactive, gesture-based technology with a huge video screen in their fitness centers. Learn more.
| SmartQuote | | | |  | An expert is a man who has made all the mistakes which can be made in a very narrow field."
--Niels Bohr,
Danish physicist  |
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