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| Global retail industry news |  |
| Global Industry Watch |  |  | | - Russian retailer plans US discount stores
Russian supermarket founder Andrei Rogachyov announced plans to expand to the US, with an as-yet-unnamed chain of discount stores he says will compete head on with Wal-Mart. The businessman, who founded Pyaterochka and Karusel, said he expects to open about 60 stores in Florida this year and plans to grow the chain to about 400 by 2016. RIA Novosti (Russia) (23 Jan.)      - Sears Canada cuts 400 jobs as part of 3-year plan
Sears Canada laid off 400 workers at its corporate headquarters and in non-core areas of its stores this week, the company said Tuesday, as part of new CEO Calvin McDonald's three-year plan to turn around the struggling retail chain. The company employs about 30,000 people in Canada. Financial Post (Canada) (24 Jan.)  | Think upgrade. Now 640 more First Class flights daily.
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 - McDonald's to create 2,500 new UK jobs in 2012
Plans by McDonald's for 15 new UK restaurants and expanded hours at existing stores will create about 2,500 new jobs at a time when more than a million 16-to-24-year-olds are unemployed, the company said. The quickservice chain has seen success amid the recession, as cash-strapped consumers look for ways to save on meals. The Guardian (London) (24 Jan.) - Selfridges to make a splash with Stella
Selfridges will kick off a celebration this week to promote new lines from designer Stella McCartney, including limited edition Adidas by Stella and a new fragrance called L.I.L.Y. that's set to launch nationwide next month. An in-store pop-up shop will promote the Adidas line with a tie in to the upcoming Olympics. Women's Wear Daily (subscription required) (24 Jan.)  | 10 Principles for Building an Effective Human Capital Plan
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 - China's e-commerce boom highlights delivery problems
The rapid rise in e-commerce in China is leaving more consumers unhappy with delays and damaged goods delivered by homegrown companies, the only companies the law allows to do domestic deliveries. US-based delivery giants including FedEx and UPS are hoping to change that and break into China's domestic delivery arena this year. The Sun (Baltimore) (22 Jan.)  | Principles of Checkweighing - Building an Effective Program
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 | Technology Solutions | | | | - Rival aims to beat Square to UK payment services market
US mobile payment company Square hasn't launched its device in the UK yet, leaving the market open for a similar offering from UK-based Powa. The company's mPowa gadget, set to debut next month, is also a square-shaped device that plugs into smartphones to allow users to accept credit- and debit-card payments. PaidContent.org (24 Jan.) | Spotlight on Luxury Goods | | | | - Strong demand for space drives high rents on Bond Street
Luxury retailers on London's famed Bond Street are fighting it out for scarce space and driving rents higher. The luxury market has bounced back strongly from the 2008 recession, and the space is in high demand among high-end global fashion brands, with some going so far as to pay high prices to buy the real estate to keep rivals out as leases end. Reuters (23 Jan.) - Luxury retailers partner to target China's super-rich
US luxury retailers including Bergdorf Goodman, Coach and Ralph Lauren will host private events this week for a small group of ultra-rich Chinese tourists in New York as part of a tour organized by a startup called Affinity China. The members-only club's founders say it aims to connect China's uber-wealthy with international luxury brands. Women's Wear Daily (subscription required) (20 Jan.) - Canada's Harry Rosen gears up for new competition
Luxury men's retailer Harry Rosen has a five-year, $100 million plan that includes expanding existing stores, opening new ones and boosting e-commerce efforts to remain relevant as more foreign retailers make plans to set up shop in Canada. The country's relatively stable economy is attracting foreign players including upscale US department store Nordstrom. The Globe and Mail (Toronto) (24 Jan.) | NRF News | | | | - Save $400 on the 2012 NRF Global Supply Chain Summit
Advance registration for the 2012 NRF Global Supply Chain Summit is now open. The Summit, held May 6-8 in Atlanta, provides a unique environment for senior retail supply chain executives and strategic partners to network and collaborate with a focus on regulatory environment, corporate social responsibility and global trade management. Learn more.
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