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  | Global retail industry news |  |
- Tesco CEO is firm in the face of frustrated shareholders
Frustrated Tesco shareholders voiced concerns Friday about the company's focus on expanding its Fresh & Easy chain the US, with some even calling for executives to tie their futures at the company to the success of the struggling chain. CEO Philip Clarke expressed confidence in Fresh & Easy's future. "If we see there is no chance of success, we make the tough decision as we have in Japan. ... But at the moment, F&E is improving and we are fully committed to its development." The Wall Street Journal (29 Jun.)      - Galeries Lafayette to end dispute with Monoprix sale
French department store company Galeries Lafayette has agreed to sell its 50% stake in its Monoprix joint venture to partner Casino for $1.46 billion. The deal, set to close in October, will end a long-running legal dispute about the chain's value. Women's Wear Daily (subscription required) (29 Jun.)  | 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. |
 | Retail in Asia |  |  | | | Retail in Latin America | | | | - Amazon may launch e-bookstore in Brazil
Amazon is reportedly set to launch an e-bookstore in Brazil this fall, as its first step in a push to win a piece of the country's fast-growing e-commerce market, according to Brazilian publishers. "I think Amazon will take small steps at first, to learn the market, but then invest in growth," said analyst Colin Sebastian. CNBC/Reuters (29 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 offers an atmosphere that's unique and sophisticated. Find out how business events are just the beginning at OrlandoDistricts.com. |
 | Spotlight on Mass Merchandise | | | | - What benefits would IKEA bring to India?
IKEA's planned entrance into India was welcomed news in otherwise slow economic times. This story details the potential benefits likely to come along with the Swedish furniture giant, including the chance for India's furniture manufacturers to gain a larger global presence. The Economic Times (India) (01 Jul.) - Tokyo district promotes manufacturing history
Tokyo's Sumida Ward has opened a center dedicated to preserving the area's rich manufacturing history and shoring up the local artisans and craftsmen still operating there. The ward was home to about 10,000 small factories in the 1960s, but the number declined to 3,400 by 2008 and is expected to drop below 3,000 next year. Asahi Shimbun (Japan) (02 Jul.) | NRF News | | | | - Why retailers need a digital signage strategy
From the movie screen to mobile phones, there are many different channels for retailers to deliver their brand messages in unique ways. But why has the retail industry been slower to implement digital signage compared to other industries? In an addition to the NRF Retail Reference Center, Platt Retail Institute outlines ways retailers can use digital signage to enhance their communication strategies to deliver choice and personalization to consumers across different media. Download the white paper.
| SmartQuote | | | |  | Don't feel entitled to anything you didn't sweat and struggle for."
--Marian Wright Edelman,
African-American activist  |
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