| Global retail industry news |  |
- LVMH revenue rises 26%
LVMH's revenue grew to €13 billion over the first half of the year. The luxury group's overall revenue increased 26%, and net profit surged by 28% to €1.681 billion. "LVMH's excellent performance in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the pertinence of our strategy. A host of initiatives, including constant innovation, successful iconic product lines, the development of our craftsmanship and targeted expansion, reinforce our Maisons," said Chairman and CEO Bernard Arnault. The Retail Bulletin (30 Jul.)      - Apparel importers trim order time
As European clothing importers reduce order time, apparel manufacturers have become the latest group to "go lean," cutting down production time by using local laborers and increasing efficiency to fill expedited orders. "We have already opted for this type of production, which has improved our efficiency and eliminated wastage," said Gautam Nair, owner of Matrix Clothing. The Economic Times (India) (31 Jul.) - Former bus stop transforms into trendy center
Auckland's Britomart will soon become a premier shopping and dining destination, with a new center, the Pavillions, being built in the redeveloped area. Labels such as Zambesi, World and Kate Sylvester are already there, and Trelise Cooper, Juliette Hogan, Ashley Ardrey and Kathryn Wilson are on the way. The New Zealand Herald (31 Jul.) - 10 luxury multichannel campaigns to check out
Luxury marketers are focusing on cross-channel marketing strategies, incorporating print, television, digital, social and mobile media. Burberry, Cartier and Dunhill are among LuxuryDaily's top 10 brands for the first half of the year, as their originality and rebranding set their strategies apart. Luxury Daily (30 Jul.)  | For years, companies have sought to connect the dots between social media marketing and real return-on-investment (ROI), with increased sales being the holy grail. This report shows you how some of today's biggest companies are accomplishing this. Download report |
 | Retail in Europe |  |  | | - British retailers see smaller growth than expected for July
Retail sales rose more gradually than anticipated in July, according to a recent survey by the Confederation of British Industry. "The unprecedented poor weather for the time of year did not help, but retailers also expect conditions to remain tough during August," ASDA Chief Operating Officer Judith McKenna said. "With consumer confidence weak and wage growth remaining sluggish, the longer-term outlook for retailers remains challenging." Reuters (30 Jul.) - Lacoste debuts Brompton Road flagship store
Lacoste opened its largest store in London last month, just in time for the Olympics. With 6,458 square feet segmented to showcase different collections, Lacoste aims to extend its appeal to a range of customers. Women's Wear Daily (subscription required) (27 Jul.) - Jubilee and Olympics leave London at the forefront of fanfare
Between Queen Elizabeth II's Jubilee and the Olympics, London retailers are maximizing retail opportunities. Extravagant promotions and special offers highlight the summer's sales strategies, and an abundance of new store openings will appeal to tourists eager to escape the events' excitement. Forbes (30 Jul.) - J.Crew makes a move to Asia
J.Crew Group has announced its first Asian store, opening in Hong Kong as early as next year. "We feel that we're ready to go international," said CEO Mickey Drexler. "Going international is a strong learning curve and it could distract us from building our business in the U.S., but we feel that the time is right now." Bloomberg Businessweek (30 Jul.) - Max Mara expands in China
Italian fashion brand Max Mara plans to open an additional 20 stores in China by the end of the year. "In China, growth has been always much bigger than we could ever predict. Basically, we could not catch up," chairman Luigi Maramotti said. China Daily (Beijing) (27 Jul.)  | Any business expanding globally needs to be aware of the complex and oftentimes stringent privacy regulations they'll encounter as they move into new markets. In the EU, for instance, a strict regulatory framework that could spell headaches for U.S. businesses who don't have the facts. Download this FREE eBook to avoid common pitfalls and streamline EU legal compliance. |
 | Spotlight on Grocery | | | | - Wayne Sales named new SUPERVALU CEO
Canada's Wayne Sales will replace Craig Herkert as the CEO and president of SUPERVALU, following a dissatisfying first-quarter performance. "In my new role, I will work closely with our leadership team to improve our sales and earnings trajectory and generate long-term shareholder value, focusing relentlessly on identifying factors that will drive meaningful improvements in our strategy execution and overall performance," Sales said. Retailing Today (free registration) (30 Jul.) | 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% of online orders the next day. Read more. Retail's BIG Blog (08 May.)
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