Global retail industry news | | | 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! | - Kurt Geiger to sell Vince Camuto shoe brands in Europe
Europe's biggest luxury shoe retailer, Kurt Geiger, has sealed a distribution deal to sell Vince Camuto, VC Signature and Jessica Simpson footwear brands at its stores and concessions in the UK, Ireland and Germany. In addition to the retailer's freestanding stores, the brands will be available at Harrods, Liberty, Selfridges and House of Fraser in Britain, Brown Thomas in Ireland, and Karstadt in Germany. Women's Wear Daily (subscription required) (04 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. | - IKEA hires translators to clean up product names in Thailand
IKEA's practice of bestowing its products with creative Swedish names has helped the furniture giant stand out in many markets around the world, but some of the monikers are proving problematic in Thailand, where a few of the names translate into bad words. The chain has hired translators to pore over the catalog and identify unintentionally racy or crude product names that need to be changed. The Wall Street Journal (05 Jun.) - Calendar, weather cool Japan's May retail sales
Japanese retailers saw mixed sales results in May, with Fast Retailing's Uniqlo stores reporting a 10.3% drop in same-store sales it attributed largely to calendar quirks and cooler weather mid-month. Other chains including Takashimaya and H2O Retailing reported smaller declines, while department store operator J. Front Retailing reported a 0.8% increase. Women's Wear Daily (subscription required) (04 Jun.) - China's food courts drive traffic to the mall
Mall food courts that are typically the largest in Asia and that boast a wide variety of cuisines and a mix of sit-down, fast-casual and quickservice concepts are a big draw for Chinese shopping centers and may set an example for US malls looking to bring shoppers back, experts say. QSR Magazine (04 Jun.) | INC: The Keys to Smart and Profitable Business Credit Management — As growing companies focus on closing sales and offering payment terms, it becomes even more critical to establish an effective credit management system. Learn about the tools you need to improve credit processes and mitigate risk. Download the whitepaper today! | - Online luxury children's retailer wins global fans
London-based online retailer Alex & Alexa has grown from an Internet start-up into a global powerhouse selling upscale children's styles from brands including Burberry, Dolce & Gabbana and Roberto Cavalli. "With all our categories, we offer what we call anchor brands — those that are really well known and drive a lot of traffic — and surround them with new and interesting specialty collections," said co-founder Alex Theophanous. Women's Wear Daily (subscription required) (04 Jun.) | 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. | - Sainsbury's highlights community investments
Corporate responsibility and community involvement including significant investments in the Diamond Jubilee celebrations have helped supermarket chain Sainsbury's grow during tight economic times, says CEO Justin King. "I think the downturn has turned the spotlight on the relationship all people have with business." The Daily Mail (London) (04 Jun.) - Market changes drive Spain's olive farmers away
Farmers in Andalusia, the traditional olive oil-producing region of Spain, are finding it increasingly hard to make a living as new rivals from China, India and Latin America boost the global supply and ultra-competitive grocery chains work to undercut each other on price. "Prices for the producer have fallen by 50% over the past five years," says Josep Carles Vicente of the Catalan farmers' union. The Guardian (London) (04 Jun.) | Remove the security risk of storing card data while safely initiating a financial transaction with the TransArmor multi-pay token. The multi-pay token is the solution for service providers with recurring invoices who need to securely store customers' payment information for repeat transactions. Learn more in this free white paper. |
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