  | Global retail industry news |  |
- Fledgling US chains find franchisees in the Middle East
Small US food companies looking for growth opportunities are finding them in Kuwait, Dubai and other parts of the Middle East where consumers are hungry for Western brands. Companies including Sprinkles Cupcakes and young burger brands Elevation Burger and Smashburger have sealed franchise deals in the region in recent years. Bloomberg Businessweek (21 Jun.)       | Comprehensive Leadership Programs
HBS offers three comprehensive leadership programs that prepare you to assume greater responsibility. Designed for individuals at all levels, each program delivers what companies need most: outstanding business leaders who can improve corporate performance and position their organizations for continued success. Learn more. |
 - Report: End of June may bring more UK retail insolvencies
More high street retailers in the UK may be heading into administration as the quarter ends and merchants must come up with the next three months' rent, according to R3, the insolvency industry's trade body. About 26% of the country's retailers are at "high risk" of insolvency in the next 12 months, according to R3's latest report. The Guardian (London) (24 Jun.) - UK's Mulberry opens shop on US West Coast
Mulberry Group has opened a 3,100-square-foot store in San Francisco, the UK-based fashion retailer's only US shop outside the New York/New Jersey market. The company is on track to open 20 new stores this year, and has plans for more on the West Coast of the US in coming years. Women's Wear Daily (subscription required) (22 Jun.)  | Hot off the Presses! Q2 2012 ERP Comparison Guide
Get off to a successful start in the new quarter by shortening the time needed to purchase ERP software. Begin accurately controlling costs, inventory, and revenue forecasts. Learn how in this free download from Ziff Davis. |
 - Global retailers see Hong Kong as a gateway to mainland China
Hong Kong has been dubbed China's "shopping paradise," spurring global brands to pay some of the world's highest rents for a presence there, as part of a larger plan to eventually open stores on the mainland. Recently, US fashion retailer Tommy Bahama signed a lease for a 5,800-square-foot store with a reported rental rate of $1.4 million per year. Forbes (22 Jun.)  | We're Not Just Bankers, We're Builders
GE Capital offers businesses and consumers around the globe an array of financial products and services, helping to build businesses through capital, insight, knowledge and expertise. We're not just bankers, we're builders. Visit GE Capital. |
  - UK's boohoo.com opens shop in New Zealand
Britain-based online fashion retailer boohoo.com will expand with a new site in New Zealand featuring about 8,000 fashions for men and women, the company said. New Zealand is home to about 1.6 million people who regularly shop online, according to recent Nielsen data. Inside Retailing Online (24 Jun.)  | 10 Principles for Building an Effective Human Capital Plan
The Human Capital Plan is an important tool that organizations use to drive focused actions that can ensure goal achievement and business success. It allows organizations to assess, plan for, and respond proactively to its human capital challenges and needs. Download the white paper to learn more. |
 | Spotlight on Mass Merchandise |  |  | | |  | - IKEA unveils plan to build 25 stores in India
Sweden-based home furnishings giant IKEA has asked the Indian government for permission to begin opening stores there, with plans to invest $1.9 billion to open 25 stores in the coming years. The move comes after last year's policy change that allows single-brand foreign retailers to open shop in India; IKEA originally balked at the government's provision that requires retailers to source 30% of its products from small, local producers. The Wall Street Journal (24 Jun.), Reuters (24 Jun.) - India may be ready to revive retail plan: A shelved measure to allow foreign firms to own up to 51% of multi-brand operations in India may be first on the list as the country's government looks to revive a slowing economy. "There is considerable pressure on them to act," said Govinda Rao, an economic adviser to Prime Minister Manmohan Singh. Reuters (24 Jun.)
- Food companies hunt for flavor further afield
Global food manufacturers including Nestle, Unilever and Kraft Foods are increasingly outsourcing the development of new flavors to companies including Givaudan, resulting in a wider array of international influences. Some of the companies' newest snacks and drinks are boasting a Latin American influence with traditional Mexican flavors such as horchata and tamarind. The Wall Street Journal (24 Jun.)  | Discover Orlando's Dining & Entertainment Districts
From culinary hotspots to energetic nightlife, Orlando makes business trips more rewarding. Boasting six diverse dining and entertainment districts, Orlando provides an atmosphere that's unique and sophisticated for business dinners, networking and team interaction. Find out how business events are just the beginning at OrlandoDistricts.com. |
 | NRF News | |  | | - The proof is in the packaging when shipping internationally
E-retailers are constantly walking the fine line of providing reliable shipments to international customers while not compromising their bottom line. In a recent addition to the Shop.org white paper library, Bongo International analyzed how 16 U.S. retailers managed packaging inefficiencies and refined their strategies. Learn from their results and grow your international customer base. Download the white paper.
| SmartQuote | | | |  | Try a thing you haven't done three times. Once, to get over the fear of doing it. Twice, to learn how to do it. And a third time to figure out whether you like it or not."
--Virgil Thomson,
American composer and critic  |
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