Wednesday, June 13, 2012

Jubilee drives stronger fashion, food sales

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13 June 2012
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  Global Industry Watch 
 
  • Retailers find pitfalls come with global growth
    US retailers have been forced to adapt quickly in their quest for global growth, dealing with different customs and laws as they enter new markets and navigating foreign waters while working not to violate the U.S. Foreign Corrupt Practices Act. The issue was illustrated Tuesday when lawyers for Wal-Mart recommended adding Brazil, China, India and South Africa to Mexico in an investigation of bribery allegations. The Wall Street Journal (12 Jun.), Women's Wear Daily (subscription required) (13 Jun.) LinkedInFacebookTwitterEmail this Story
Download Forrester Research, Inc.'s April 2012 report: SMB eCommerce Solutions 2012, A Guide To Selecting Your eCommerce Solution written by Brian K. Walker. Learn which SMB eCommerce solution you should consider for your business. For example, Forrester expects to see the advent of full-service offerings such as Amazon's suite of solutions. Download your complimentary copy now.
  Retail in Europe 
 
  • Jubilee drives stronger fashion, food sales
    Strong demand for everything from bunting and flags to summer fruits drove about 2 million extra consumers to Sainsbury's stores during the Queen's diamond jubilee week. At clothing chain Ted Baker, executives thanked the Queen for helping drive stronger sales in the quarter. "We are a British company and British exporter so every store whether it was in Australia or Malaysia had a British theme," said founder and CEO Ray Kelvin. The Telegraph (London) (12 Jun.), The Guardian (London) (13 Jun.) LinkedInFacebookTwitterEmail this Story
  • Groupon starts paying European merchants faster
    Daily deal giant Groupon has begun paying some European merchants faster, switching to a US payment model as it grows more comfortable doing deals in some European markets. In the US, it's standard for Groupon to pay merchants in installments over 60 days, while many European merchants aren't paid until deals are redeemed. Reuters (12 Jun.) LinkedInFacebookTwitterEmail this Story
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Hiring exceptional talent is critical to the success of your business. Whether it’s the executive who offers visionary leadership, or the sales professional who won’t settle for less than 100%, a business needs great people to thrive. This guide provides best practices for securing the top talent you need to drive business results.
  Retail in Asia 
 
  • Analysts question Esprit turnaround after CEO resigns
    Esprit Holdings CEO Ronald Van der Vis announced plans Tuesday to resign, news that sent shares of the Hong Kong-listed company down 22% and led analysts to question the viability of the struggling brand's turnaround plan. "Investors may fear that his stepping down will bring the transformation efforts back to square one," said Andrew Sullivan of Piper Jaffray Asia Securities. Bloomberg Businessweek (12 Jun.) LinkedInFacebookTwitterEmail this Story
  • KFC sees strong China growth ahead
    KFC and Pizza Hut parent Yum! Brands earned half of its operating profit in China last year, and the company expects to see continued growth there this year, despite softer consumer spending. Same-store sales in China rose 14% in the first quarter, and KFC opened a record 168 new units during the period that are likely to add to overall sales even if revenue at existing eateries starts to slow. The Wall Street Journal (12 Jun.) LinkedInFacebookTwitterEmail this Story
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  Retail in Latin America 
 
  • Wal-Mart's push to acquire Carrefour assets slows
    Wal-Mart's efforts to acquire Carrefour's stores in Colombia and Brazil have reportedly slowed as the French retailer turns its attention to shoring up sales at home, sources say. The two companies have talked on and off for about two years about the possibility of a sale, sources say. Bloomberg Businessweek (13 Jun.) LinkedInFacebookTwitterEmail this Story
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!
  E-commerce Spotlight 
 
  • New Ecommerce Europe chairman shares to-do list
    Francois Momboisse, the newly elected chairman of Ecommerce Europe, says his priority list includes improving Internet service in underdeveloped European countries. "At the top end, Scandinavia, the United Kingdom and the Netherlands enjoy a very high broadband and e-commerce penetration. At the other end, Bulgaria and Romania lag behind, simply because the Internet penetration is still very low." Internet Retailer (12 Jun.) LinkedInFacebookTwitterEmail this Story
  • Online jewellers add security with digital hallmarks program
    British law requires all gold, silver and platinum jewellery sold in the UK to be hallmarked by one of four offices qualified to certify the authenticity of the piece. Now, online jewellers are signing onto a digital version of the hallmarking program aimed at giving online sellers additional credibility and cutting down on online sales of counterfeit jewellery. The Telegraph (London) (12 Jun.) LinkedInFacebookTwitterEmail this Story
 
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  Spotlight on Luxury Goods 
 
  • Some luxury brands lose their luster in China
    China's wealthiest consumers are becoming more discerning and selective when it comes to choosing luxury brands, with many leaving Louis Vuitton and others behind as their bags and other branded products become more commonplace. "In the past, it was just a checklist. If you were one of the top five brands out of some magazine, you found that people in China just checked the checklist and bought according to the list," said Boston Consulting Group's Vincent Liu. Financial Post (Canada)/Reuters (09 Jun.) LinkedInFacebookTwitterEmail this Story
  • Foreign luxury brands still reign in China: China's appetite for luxury goods has grown substantially in recent years, a trend that highlights the shortage of homegrown luxury brands, experts say. "China has basically no top-class luxury brands, which is a regrettable situation," said Xiong Xunlin, deputy secretary-general of the China Chamber of International Commerce. China Daily (Beijing) (09 Jun.) LinkedInFacebookTwitterEmail this Story
  • Versace to dress Disney princesses in Harrods window
    Harrods will team with Disney to create holiday windows featuring Disney princesses wearing designer looks from brands including Versace, Oscar de la Renta and Elie Saab. The luxury London department store will also set aside 7,000 square feet on the fourth floor for a princess pop-up boutique with custom and limited-edition items for the holidays. Luxury Daily (08 Jun.) LinkedInFacebookTwitterEmail this Story
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Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here.
  NRF News 
  • How consumers' shipping expectations influence online shopping behavior
    Shoppers now carry high expectations for online retailers, from flawless navigation across all devices to safe and secure transactions. But where do shipping habits rank on consumers' lists for a memorable e-commerce experience? In a new addition to the Shop.org white paper library, Newgistics tapped Harris Interactive to provide statistics as to why shipping should play an important role in any e-commerce strategy to acquire and keep customers. Download the white paper. LinkedInFacebookTwitterEmail this Story
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Striving for excellence motivates you; striving for perfection is demoralizing."
--Harriet Braiker,
American psychologist and writer


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