   | Global retail industry news |  |
 | 10 Principles for Building an Effective Human Capital Plan
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 - UK supermarkets take a lesson from pound shops' success
The recession-era success of pound shops has spilled over onto the shelves of big UK supermarket chains Asda, Tesco and Sainsbury's, all of which now boast a host of products priced exactly at £1 or £2. "What we've seen in recent years has been a drive for clarity and simplicity in the offers, in part spurred on by the pound shops," says Kantar retail analyst Bryan Roberts. The Telegraph (London) (05 Jun.)      - The North Face forecasts sales growth in Europe
VF Corp.'s outdoorsy North Face brand expects to see sales rise in Europe this summer, driven in part by sales of backpacks and other gear belt-tightening consumers will need for more affordable vacations in a tight economy, says President Todd Spaletto. "We saw it in 2008, 2009, in recessionary time periods, things like backpacking or hiking or as we call it, staycations. It's just the same thing with running, a pair of shoes and a shirt and shorts and you're on your way." Bloomberg (05 Jun.) - Tesco: Stores no longer source meat from suspect supplier
Greenpeace has accused Tesco's Brazilian meat supplier, JBS, of selling canned beef from illegal ranches that have contributed to the destruction of the Amazon rainforest. The supermarket chain says it began phasing out JBS as a vendor more than a year ago and is no longer sourcing any canned meat from the company. The Guardian (London) (05 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. |
 - Promart Retail teams with 50 franchisees to open India stores
Promart Retail, which currently operates discount stores in six Indian cities, has signed deals with 50 franchisees to expand the concept to more of the country. "The franchising model is most definitely going to help us sustain the business and tapping this model will help the brand accelerate further in the market," said CEO Punit Agarwal. The Economic Times (India) (06 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. |
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 | E-commerce Spotlight |  |  | | - How a site based in the US is boosting Russian e-commerce
Five years ago, Russian brothers Anton and Gene German launched Skokie, Ill.-based Bay.ru, after seeing a need for a better online shopping option to meet their countrymen's growing demand. The site, which recently began turning a profit, aggregates listings from other online retail sites including Amazon and eBay and lets shoppers pay in cash at one of 500,000 payment points across Russia. Time.com (05 Jun.) | Spotlight on Luxury Goods | |  | | |  | - Report: China's wealthy play catch-up on luxury spending
Wealthy consumers in 12 countries spent more than $1.4 trillion on luxury goods and experiences last year, according to a new report from Boston Consulting Group. While the rich in Western countries opted for adventures instead of more stuff, China's newly wealthy spent more on products than experiences and status symbols. "In the West, it's about enjoying yourself. But here in China, fine dining is about inviting people or being seen. It's about the public display of wealth, the status," said BCG partner Vincent Lui. The Wall Street Journal (05 Jun.) - More than half of luxury spending pays for experiences: Once-in-a-lifetime travel adventures have become more common among the world's growing population of wealthy consumers. Experiences now account for 55% of luxury spending worldwide, according to Boston Consulting Group. Women's Wear Daily (subscription required) (05 Jun.), The Guardian (London) (05 Jun.)
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  | NRF News | | | | - How cloud technology can revolutionize the supply chain
In the retail supply chain, it's essential to know what's going on and what is where at any given moment. At NRF's Global Supply Chain Summit in Atlanta, GT Nexus co-founder and CMO Greg Johnsen explained how cloud technology is changing the supply chain industry and presented steps for easing your company into this very complex solution. Read more. Retail's BIG Blog (08 May.)
| SmartQuote | | | |  | I will go anywhere, provided it be forward."
--David Livingstone,
Scottish medical missionary and explorer  |
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