  | Global retail industry news |  |
- Retailers make the most of shopping psychology
Retailers including IKEA and Costco have created stores that encourage customers to buy more than they planned using a variety of tactics including turning shopping into entertainment and appealing to shoppers' love of a deal, experts say. Other chains use a range of tactics including sounds and scents to make their stores more conducive to spending. National Post (Canada) (01 Jun.)       | Comprehensive Leadership Programs
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 - American Greetings likely to take over Clinton Cards
American Greetings is the likely company to take over UK's Clinton Cards, which entered administration earlier this year. The US company, which has a long-standing supplier relationship with the British retailer and has acquired £35 million in Clinton Cards' debt, would reportedly pay nothing to take over the chain's 400 remaining retail stores. Daily Express (London) (04 Jun.) - How London's retail scene has changed in 60 years
London's Regent Street is home to only four of the retailers that operated stores there when Queen Elizabeth II ascended to the throne in 1952. "Where once the street was home to names such as Dr Scholls Food Comfort Service, Maudelynn's Menagerie and Ceylon Tea Centre, now it is a global fashion powerhouse, with names like Apple, Burberry, Hollister, Banana Republic and Superdry all trading from flagship stores," said Jonathan De Mello, head of retail consultancy at CBRE. The Telegraph (London) (03 Jun.)  | Your business deserves easy savings.
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  - Billionaire retailer to raise $1 billion for bank
Philippines billionaire Henry Sy made his fortune in retail, starting with a single Manila shoe store that he built into a conglomerate of 176 department stores, supermarkets, grocers and hypermarkets. Now, Sy aims to expand his banking interests, with a share offering in BDO Unibank that's set to raise as much as $1 billion. Bloomberg (03 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. |
 - How online retail grows in fraud-wary Nigeria
Nigeria's population is growing in both size and income, spurring an increase in online shopping; at the same time, consumers are wary about exposing themselves to online fraud by using credit cards to pay for online purchases. Enter DealDey, an online retailer with a fleet of motorcyclists who deliver online purchases and collect payment in cash. The Wall Street Journal (03 Jun.)  | Learn how a multi-layered data security solution, including encryption and tokenization, protects data in transit, in use and at rest. When combined, these two technologies provide a powerful method for securing sensitive data wherever it exists. Get proof here. |
 | Spotlight on Mass Merchandise |  |  | | |  | - American Apparel could lose "made in America" tags
American Apparel runs the biggest garment-making factory in the US -- but might soon be forced to start making at least some of its products overseas, says CEO Dov Charney. The company's "made in America" business model has made it a champion of the US manufacturing sector, but hasn't proven a hit with consumers. "I want to prove myself, and I want to prove 'made in America' is a smart business," Charney says. "But I wouldn't rule anything out." Los Angeles Times (tiered subscription model) (03 Jun.) - Chinese brands turn to foreign product placements
As more Western movies and TV shows are made available in China, brands there are turning to product placements such as the carton of Shuhua milk that showed up in a recent episode of "The Big Bang Theory" to market their wares at home. Product placements in China are growing between 40% and 50% per year, according to some industry estimates. China Daily (Beijing) (04 Jun.)  | Over 1,700 CMOs shared their insights on the fundamental shifts transforming business and the world. Find out how they are striking a better balance between investing in solutions that drive efficiency and those that improve decision making, foster collaboration,and enhance customer relationships. Download the free CMO Study! |
 | NRF News | |  | | - How Sears adjusts the supply chain model for an omnichannel reality
Fulfilling the marketing promises made to customers often relies on the effectiveness of the retailer's supply chain model, and according to Sears Holding Corp. SVP and Supply Chain President Raj Penkar, supply chain professionals have to be a little more innovative to meet these demands. At NRF's Global Supply Chain Summit in Atlanta, Penkar explained how Sears' new distribution strategy has enabled it to meet these challenges and deliver on more than 90 percent of online orders the next day. Read more. Retail's BIG Blog (08 May.)
| SmartQuote | | | |  | Be sure you put your feet in the right place, and then stand firm."
--Abraham Lincoln
16th U.S. president  |
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