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| Global retail industry news |  |
- Bonnie Brooks to lead Lord & Taylor
Bonnie Brooks, president and CEO of The Bay since 2008, has been named president of Lord & Taylor, the US-based department store chain her company acquired this week. Brooks, credited with turning The Bay around and reigniting consumers' interest in department stores, will oversee both chains. Financial Post (Canada) (23 Jan.)      - Report: Australia's bookstores had happy holidays
About 80% of Australia's book retailers reported higher holiday sales in 2011, with some seeing sales rise more than 50% over the 2010 holidays, according to a survey by Bookseller+Publisher newsletter. Much of the growth came because of the demise of Borders and Angus & Robertson earlier in the year. Inside Retailing Online (23 Jan.)  | Learn How to Cut HR Costs Without Cutting Production
Entrepreneurial execs know that they need to follow the rules, but they may not realize which decisions will lead to the two vital components that help keep HR costs low. The following paper focuses on minimizing human capital expenses in four key areas. Download the white paper, An Executive’s Guide to Cutting HR Costs to learn more. |
 - UK retailers speak out against tax rise in tough times
High street retailers in the UK are worried that a 5.6% rise in the business tax rate set to take effect in April would mean more merchants going out of business. The rate adjusts each April based on the previous September's Retail Price Index inflation rate, and the British Retail Consortium is calling for a change in the way rates are calculated. The Daily Mail (London) (22 Jan.)  | Retailers use video surveillance as a valuable tool to combat shrinkage, which can account for more than 2% of retail sales for some U.S. organizations. Shrink is up 6.6% in 2011 over 2010. This 6-page whitepaper from 3VR gives real examples on how retailers are increasing sales with video surveillance & analytics. Download it free today. |
 - Lingerie brands find growing demand in India
Lingerie specialty stores are seeing business grow in cities across India, and the sector has seen a 16% sales rise since 2007, as more women joined the workforce and saw their disposable income rise. Women have also become more experimental with styles and colors in recent years, said Gopal Asthana, business head for department store chain Shoppers Stop. Women's Wear Daily (subscription required) (23 Jan.)  | Principles of Checkweighing - Building an Effective Program
This essential guide is an invaluable resource of checkweighing information and a definitive reference providing an insight into all aspects of checkweighing from basic principles to implementation of a comprehensive program. Request your free copy now! |
 | E-commerce Spotlight |  |  | | - Vietnam sees rise in online shopping, daily deals
One-third of Vietnam's 88 million people are online, and e-commerce and social sites are growing in the country, which has already spawned more than two dozen Groupon-like daily deal sites. One major challenge: Few consumers have credit cards or use online payment services so merchants must figure out how to collect cash payments. Bloomberg Businessweek (19 Jan.) | Technology Solutions | | | | - UK-based Fantasy Shopper wins $3.3 million in funding
Fantasy Shopper, a UK-based social shopping game that lets players share and buy fashions online and in stores, has raised $3.3 million in a new round of venture capital financing. Players assemble fantasy wardrobes based on real fashions that they can also buy, and retailers use the data to tailor deals and discounts. TechCrunch (23 Jan.) | Spotlight on Grocery | | | | | NRF News | | | | - Retail's BIG Show caught on tape
This week only, view two entire sessions from Retail's BIG Show for free: Sucharita Mulpuru's analysis on retail e-commerce trends for 2012, and the "Conscious Capitalism" session featuring CEOs from The Container Store and Whole Foods. Watch the videos.
| SmartQuote | | | |  | A great deal of talent is lost to the world for want of a little courage."
--Sydney Smith,
British writer and cleric  |
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