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| Global retail industry news |  |
- Massmart to move forward with Wal-Mart deal
South African retailer Massmart said Wednesday it's moving forward with its integration with Wal-Mart, which paid $2.4 billion to acquire a majority stake in the company last year. Competition authorities approved the deal, but an appeals court has yet to rule on the complaints filed by government departments and labor unions worried that the deal would mean lost jobs for local suppliers. The Wall Street Journal (22 Feb.)      - Global demand drives profit growth for luxury brands
Luxury goods sellers such as LVMH, PPR and Hermes saw large revenue growth in 2011, fueled in large part by emerging markets in Asia and Brazil. Worldwide demand from a new global consumer class has luxury brands struggling to keep up with orders even as the Luxury Consumption Index marker of luxury consumer confidence in the United States fell in the same quarter and the consumer trend in the US moves toward non-conspicuous consumption. ApplianceMagazine.com (22 Feb.), The Wall Street Journal (17 Feb.) - Shoprite chief sets sights on Nigeria
 Whitey Basson, chief executive of Shoprite, said the chain could open as many stores in Nigeria as in South Africa. "Even if you have 60 percent of the population living in poverty, 40 percent of the Nigerian population is still bigger than the South African population," he said. Reuters (21 Feb.)  | Voice of the Customer is not just about surveys anymore.
Customers are interacting with your brand through multiple channels including the website, retail store, contact center and even social media. Download this white paper and learn how you can easily gather and leverage data from all customer touchpoints to deliver a superior customer experience. |
 | Retail in Europe |  |  | | - Edinburgh Woollen Mill acquires Peacocks
Privately owned Scottish company Edinburgh Woollen Mill has acquired 388 of Peacocks' 612 stores, a move that will save about 6,000 jobs at the UK fashion retailer, which entered administration earlier this year. The remaining stores will be closed, cutting about 3,000 jobs; the new owner will also take over Peacocks' corporate offices and its logistics operations in Wales. The Guardian (London) (22 Feb.) - Apple dispute over iPad name goes to court in China
Chinese television manufacturer Proview's trademark fight with Apple over the "iPad" name has reached a court in Shanghai, where Apple operates three of its five stores in China. The company claims it owns the trademark to the name; Apple says it bought the rights to the name three years ago. The Independent (London) (23 Feb.)  | RadioShack has a global presence and a variety of innovative products and services. With reasonable investment levels and hundreds of potential markets, a RadioShack franchise represents an exciting opportunity for you to associate with a powerful retail brand. Click here to learn more. |
 | E-commerce Spotlight | | | | - Report: UK consumers balk at buying some things online
A recent survey revealed that many UK consumers are holding back from buying furniture, groceries and certain other items online, according to VoucherCodes.co.uk. Half the shoppers surveyed said they had never purchased groceries online, and 28% said they never would. Additionally, 40% said the biggest barrier to online buying was the inability to see the object before making a purchase. The Retail Bulletin (22 Feb.) | Spotlight on Consumer Electronics | | | | - Dixons to launch video streaming service
Dixons Retail, the owner of consumer electronics retailers Currys, PC World and Dixons.co.uk, has announced plans to launch an on-demand video rental service called Knowhow Movies. The UK-based company will offer rentals on mobile devices as well as TVs. Brand Republic (U.K.) (22 Feb.) - Tesco likely to bid on South Korea's Hi-Mart
Supermarket chain Tesco is one of the companies identified as a likely bidder for a controlling stake in South Korean electronics retailer Hi-Mart. Tesco operates 125 large-format retail stores and 267 supermarkets in South Korea under the Homeplus banner. Reuters (23 Feb.) | NRF News | | | | - Want to speak at Shop.org? Submit your session idea by 20 May
Be a part of the hottest digital retailing event of the year -- Shop.org's 2012 Annual Summit, 10 to 12 Sept. in Denver, US. The call for speakers has now officially opened as the event team scours the industry for the best in digital retailing to share their insights through a few different speaking opportunities: Online Retail Boot Camp, 205 keynote sessions and 16 breakouts. The deadline to submit proposals is 20 May. Learn more.
| SmartQuote | | | |  | If you don't like the way the world is, you change it. You have an obligation to change it. You just do it one step at a time."
--Marian Wright Edelman,
American children's activist  |
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