  | Global retail industry news |  |
- Middle East on track to add 1,000 new stores
Mall developers across the Middle East are on track to add about 1,000 new stores, including 250 slated to debut at the expanded Al Wahda Mall in Abu Dhabi this summer. "Look at the potential spend in some of these markets and you understand why retailers are looking there," said Matthew Green, the head of research at the property and mall specialist CBRE. The National (Abu Dhabi, United Arab Emirates) (15 Jun.)      - Global commodity costs drop, consumers wait for lower prices
Prices for commodities including oil, coffee, cocoa and corn have been steadily dropping in recent months amid slowing global demand, but consumers have yet to see corresponding price declines anywhere but at the pump. Producers and retailers say consumers are often the last to benefit from lower costs. "Typically these market fluctuations do not immediately affect Whole Foods Market because we have long-term contracts with our suppliers," Whole Foods spokeswoman Libba Letton said. The New York Times (tiered subscription model) (13 Jun.)  | Where Government Actions Meet Business Decisions.
Understand the impact of legislative, regulatory and spending actions on your business with an online tool featuring customized government-related data, news and analysis.
Visit bgov.com/SeeTheImpact for more information. |
 - Carrefour to sell stake to Greek partner
Paris-based retailer Carrefour will sell its stake in its joint venture in Greece to partner Marinopoulos, which will become a Carrefour franchisee. Retailers say conditions in Greece are becoming increasingly tough amid the debt crisis and resulting slump in demand. Reuters (15 Jun.) - Carphone Warehouse stays strong on Spain
Mobile phone retailer Carphone Warehouse has no plans to pull back in Spain, where it operates 400 stores as part of a joint venture with Best Buy, unlike other companies that are reassessing their exposure in debt-ridden eurozone countries. "We can't hide away from any of the economic factors, but we're still making money in all our stores and I don't see any reason why that might change," said CEO Roger Taylor. Total Telecom Magazine (U.K.)/Dow Jones Newswires (14 Jun.), The Register (U.K.) (14 Jun.)  | The recruiting ecosystem is changing, led by professional social networks like LinkedIn and social media apps like Jobvite. Examine how the new ecosystem creates a streamlined, scientific and democratic approach to the recruiting process in this free white paper. |
 - Lotte Shopping drops plan for India expansion
South Korea-based department and discount store retailer Lotte Shopping has reportedly shelved plans to launch a multi-brand retail venture in India. Sources familiar with the plan say Lotte dropped it after determining that turning a profit from a new cash-and-carry business in India would prove too difficult. The Economic Times (India) (15 Jun.) - Best Buy wins over China with trial and error
Some Western retailers learned the hard way that their stores didn't translate well with China's consumers, a lesson Best Buy has learned by trial and error. Having survived the learning curve, the retailer is now seeing success as its Five Star Appliance subsidiary hits the right note with the country's growing middle class. The Wall Street Journal (14 Jun.)  | Download Forrester Research, Inc.'s April 2012 report: SMB eCommerce Solutions 2012, A Guide To Selecting Your eCommerce Solution, and learn which SMB eCommerce solution you should consider for your business. Click here for your complimentary copy. |
  | You've heard about the switch businesses are making to VoIP phone systems but are they right for your business? With more features and lower costs, the answer is probably yes. But don't take our word for it. Read Ziff Davis' Phone Systems Buyer's Guide and Comparison Guides, FREE with your registration. |
 - Report: International e-commerce on track to hit $1.25 trillion in 2013
The number of Internet users around the globe will grow to 3.5 billion next year, from 2.2 billion at the end of 2011, and online sales to consumers are on track to reach $1.25 trillion by the end of 2013, according to the Interactive Media in Retail Group. The US leads, followed by the UK and Japan, while China is breaking out as the fastest-growing market for e-commerce. Internet Retailer (14 Jun.)  | Knowing your customer better comes with undeniable benefits. But challenges arise from behaviorally-targeted advertising with critical caveats on the management of personally identifiable information. Learn to balance profitable marketing, regulation and consumer trust in this FREE white papaer. |
 - Calgary fashion brand in expansion mode
Calgary-based SHE Apparel is in expansion mode, encouraged by strong retail sales growth in Alberta that's allowing the lingerie and swimwear brand to open its third location this week. "Calgary seems to be flourishing more and we are seeing the buyers coming in. We are starting to bring in a couple more luxury items," said co-owner Lailina Smith. Calgary Herald (Alberta) (12 Jun.) - The argument for launching China fashion presence online
Online retail in China is growing as much as 38% per year, and about 40% of the purchases are fashions and accessories. The growth of online shopping along with the difficulties in opening brick-and-mortar stores in China make the case for online-only ventures by fashion brands looking to break into the market, this article says. Women's Wear Daily (subscription required) (13 Jun.)  | 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. |
 | NRF News |  |  | | - How to make the cloud work for retail on a global scale
Today's retailers are forced to move at the speed of light just to keep up with their hyper-educated customers, complex supply chains and sometimes globally distributed teams. In a 21 June STORES webinar, Google's Head of Retail Industry Rhonda Stites will join Jason Breazeale, senior manager of collaboration for Ahold, to explain how cloud technology changed the culture for the international food retailing group by using web-based apps to enable seamless collaboration across thousands of stores and a knowledgeable workforce. Learn more or register.
| SmartQuote | | | |  | Be happy. It's one way of being wise."
--Sidonie-Gabrielle Colette,
French novelist and performer  |
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