   | Global retail industry news |  |
| Global Industry Watch |  |  | | - Owners aim to turn Vancouver mall into a small city
The owners of the 56-year-old Oakridge mall in the center of Vancouver has plans to transform the massive space into a small city, complete with housing and expanded retail options. "This will be like a mixed-used, transit-oriented city centre, just like a traditional downtown," said one former planning director. The Globe and Mail (Toronto) (22 Jul.)      | Retail in Europe | | | | - Spain hopes to spur sales with relaxed rules on hours
Spain's government this month approved new rules that will allow the country's retailers to stay open for more hours, including during the traditional two-hour daily siesta and up to 10 Sundays and holidays per year. The country's shops are allowed to stay open fewer hours than those in any other European country. "When everything was fine, nobody complained, but now that things have gone awry, then it's another story," said Carmen Cardeno, director general for domestic commerce at the nation's economy ministry. Bloomberg Businessweek (22 Jul.) - KFC creates degree program for UK managers
KFC has teamed with De Montfort University in Leicester to tailor a three-year BA honors degree course in business management for the quickservice chain, and the company will pay half the tuition to put 20 managers per year through the program. "Lots of universities are costing £9,000 a year. The KFC degree course is going to cost £9,000 for the whole three years," said UK managing director Martin Shuker. The Telegraph (London) (22 Jul.) | Retail in Asia | | | | - New opponents push back on plan to open up retail in India
Six parties including the one that governs India's Uttar Pradesh state and the country's communist party wrote a letter in opposition to the government's plans to open up multi-brand retail to foreign companies. The contested plan, which would allow big retailers such as Wal-Mart to open giant supermarkets, would lead to job losses, opponents say. Bloomberg Businessweek (23 Jul.) - Western department stores may find China full
Marks & Spencer opened its first department store in China with ambitious plans to expand, and Macy's is investing in a high-profile online effort to introduce China to its brand. Some experts say Western department stores looking to China for growth may find the market already saturated. China Daily (Beijing) (20 Jul.) - Amazon picks London for global film, TV growth
Amazon will open a new global headquarters for its film and TV distribution efforts in an eight-floor, 47,000-square-foot office near London's tech hub, calling the city that spawned LoveFilm and Pushbutton the obvious choice. "Innovation is part of the Amazon DNA and we are creating a centre of excellence to design and develop the next generation of TV and film services for a wide range of digital devices," said managing director Paula Byrne. CNET (23 Jul.), The Telegraph (London) (23 Jul.)  | The State of Customer Data Integration in 2012: Industry Report
This free report from Scribe Software covers the What, Why & How of CRM Integration. In this report learn how customer data integration can play a critical role in addressing operational challenges in sales, marketing and customer service. Download the free report now. |
 | Spotlight on Mass Merchandise | | | | - Philips sees profits rise on higher US demand
Amsterdam-based consumer electronics maker Royal Philips Electronics swung to a net profit of €167 million in the second quarter, compared to a net loss of €1.35 billion in the same period last year, the company said Monday. The improved performance was largely based on increased demand in the US and emerging markets, the manufacturer said. The Wall Street Journal (23 Jul.) - Innovation, tradition meet on the cricket pitch
Melbourne, Australia-based Kookaburra produces more than 500,000 cricket balls annually and is working to innovate. The technology behind the balls and bats used for cricket lags behind that of other sports such as golf and tennis, and players pretty much still use the same willow bats and leather balls they played with a century ago. The Wall Street Journal (18 Jul.) | NRF News | | | | - When retailers will report monthly sales in 2012
NRF's 4-5-4 calendar serves as a voluntary guide for the retail industry and ensures sales comparability between years by dividing the year into months based on a 4 weeks/5 weeks/4 weeks format. The 4-5-4 calendar also establishes sales release dates, which have historically been on the first Thursday following the month's end. NRF has released calendars for 2012, 2013 and 2014. View the calendars.
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