| Global retail industry news |  |
- Report: Spending on food boosted Canada's holiday sales
Debit- and credit-card purchases in Canada rose 5.8% in the fourth quarter of 2011 compared to the same period in 2010, driven largely by increases at grocery stores and restaurants, according to payment processor Moneris Solutions. The numbers indicate a better-than-expected holiday season, the company says, despite reports of less-than-stellar sales by some individual merchants. CTV.ca (Canada) (12 Jan.)       | 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. |
 - Slower sales at Tesco reflect changing shopper habits UK shoppers who used to make regular trips to Tesco and other supermarkets to stock fridges and cupboards now find that online retailers and convenience stores can fill their needs faster and more cheaply, this story says. For grocers, the shift means more investments in mobile technology, online ordering and home delivery. The Observer (London) (12 Jan.)
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 - UK retailers pay Chinese vendors in yuan
More UK retailers now pay their Chinese suppliers in yuan, which has appreciated about 7% against the US dollar since June 2010. The shift, which is growing fastest among apparel retailers, helps merchants realize a cost savings of up to 8%, according to Barclays Capital. Asia News Network (13 Jan.) - Angry iPhone fans pelt Beijing Apple store with eggs
Disappointed iPhone fans turned angry and pelted a Beijing Apple store with eggs after waiting out the frigid night only to be told the iPhone 4S they sought wouldn't be available. Stores in China that did open quickly sold out of the iPhones, and an Apple spokeswoman later said the chain had called a temporary halt to all iPhone sales in China. Bloomberg Businessweek (12 Jan.)  | Principles of Checkweighing - Building an Effective Program
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 - Brazil's retail sales jumped in November
November retail sales in Brazil saw their biggest jump in 15 months, rising 1.3% over the previous month and 6.8% over the same month in 2010. "Today's data show that activity is recovering," said BBVA senior economist Enestor Dos Santos. Bloomberg Businessweek (13 Jan.)  | Gain Deeper Insight into the Hyperconnected World
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 | E-commerce Spotlight |  |  | | - Application period for new domain names opens
The Internet Corporation for Assigned Names and Numbers officially began accepting applications Thursday from brands that want to replace the generic .com in their domain names with suffixes that more accurately describe their industries or the cities where they do business. Marketing Mag (Australia) (12 Jan.) | Technology Solutions | | | | - AsiaPay rolls out new online payment option
Hong Kong-based AsiaPay has launched PayDollar Debit Payment Service in the Asia-Pacific region, in a push to grab some of PayPal's share of the electronic payments market. The service lets merchants accept electronic payments from bank accounts, debit cards, e-wallets, and prepaid products. Inside Retailing Online (12 Jan.) | Spotlight on Fashion | | | | - Superdry parent company plans to cut clothing prices in 2012
UK-based SuperGroup said it expects to cut clothing prices at its Superdry stores by the fall, as cotton prices decline and it contracts with more suppliers in India and Turkey. CEO Julian Dunkerton also said the chain is on track to end its fiscal year with 20 new stores and is searching for expansion opportunities in Germany and other markets outside the UK. Bloomberg Businessweek (11 Jan.) - US apparel chains to anchor new Tokyo shopping complex
Tommy Hilfiger and American Eagle Outfitters will be the anchor stores for a 127,578-square-foot, eight-story shopping complex set to open in Tokyo in April. The center sits on the site of a former Gap store, in the heart of Tokyo's fashion-forward Harajuku district. Women's Wear Daily (subscription required) (12 Jan.) | NRF News | | | | - U.S. holiday retail sales rise 4.1% to $471.5 billion
After a season full of peaks and valleys, U.S. retailers' 2011 holiday sales beat expectations, rising 4.1% to $471.5 billion -- slightly surpassing NRF's holiday sales forecast of 3.8% growth. "The right mix of strong promotions, lean inventories and an emphasis on value put retailers in the perfect position to end the year on a high note," said NRF President and CEO Matthew Shay. "A better-than-expected holiday season is welcome news for an economic recovery that continues to be sluggish, and demonstrates retail's powerful role as an engine of growth." Read more.
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