Wednesday, February 29, 2012

Luxury brands face stiffer homegrown competition in China

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29 February 2012
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    Canadian supermarket chain Loblaw plans to roll out a new loyalty card program next year that will help the company win market share from rivals with more-established customer-loyalty cards and gain better insight into shoppers' buying habits, the company said. The Globe and Mail (Toronto) (28 Feb.) LinkedInFacebookTwitterEmail this Story
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    A growing number of foodies in search of something besides mass-produced products have fueled growth of artisan food markets in South Africa. "This was a nice opportunity to educate people about supporting local producers and also the beauty of interacting directly with the producer," said Cameron Munro, who recently expanded his popular Cape Town market with a second location in Johannesburg. China Daily (Beijing) (29 Feb.) LinkedInFacebookTwitterEmail this Story
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  • Survey: UK retailers see stronger February sales
    UK retailers saw stronger-than-expected sales growth in February, according to a monthly survey from the Confederation of British Industry, which also found that consumer morale rose to a six-month high. "Consumers have more life in them than previously thought and have been quite sprightly so far in 2012," said one economist. Reuters (28 Feb.) LinkedInFacebookTwitterEmail this Story
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  • Amazon, eBay lay the foundations in India
    As India's government hammers out the details on plans to allow greater direct investment by foreign multi-brand retailers, Amazon and eBay have been steadily building their presences there for the future. Amazon has been developing its logistics and supply chain there, and recently launched price-comparison site Junglee.com, while eBay has focused on signing new sellers for its online platform. The Economic Times (India) (29 Feb.) LinkedInFacebookTwitterEmail this Story
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  • PayPal skeptical on NFC-driven payment systems
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Top 5 HR Compliance Concerns for Small Business
Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issues — regulatory compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues.
  Spotlight on Luxury Goods 
 
  • Luxury brands face stiffer homegrown competition in China
    Wealthy Chinese consumers who flock to upscale Western brands are finding more homegrown options from companies including luxury menswear brand Eve Group and high-end perfume seller Shanghai Jahwa United. While Western goods appeal in part because of their foreignness, China's luxury players are on track to rival better-known global brands in the coming years, experts say. Bloomberg (23 Feb.) LinkedInFacebookTwitterEmail this Story
  • Upscale footwear brands in global growth mode
    Designer shoe sales helped spur sales growth and international expansion plans for luxury brands including LVMH, Burberry and Richemont. Most expect to focus on expansion in the US and Asia this year, while taking a more cautious approach in Europe. Women's Wear Daily (subscription required) (27 Feb.) LinkedInFacebookTwitterEmail this Story
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  • Best strategies for retail IT management
    Omni-channel retailing brings a litany of IT services to master. Retailers must try to stay a beat ahead of the ever-changing technology, user platforms and POS solutions -- all of which must run efficiently to secure consumer confidence and sales. In a March 1 STORES Knowledge Series webinar, Kaseya's ITSM Specialist Ray Barber will discuss best practices for overcoming today's IT challenges to decrease the impact downtime has on businesses. Read more. LinkedInFacebookTwitterEmail this Story
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