| Global retail industry news |  |
- Australians attracted to international e-commerce
Top international websites such as Nordstrom, Macy's and the Gap are focusing online efforts toward Australia. "Overseas retailers consider Australia to be a lucrative market for two reasons -- the high Australian dollar coupled with the fact that Australian online retailers are so far behind their international competitors in offering a seamless and enjoyable online experience for shopping," says Lisa Wade, a director of Stamford Interactive. Australian Financial Review (01 Aug.)      - Country Road buys Witchery
Country Road has purchased Witchery Australia in a $172 million acquisition. Operating for 40 years, the Witchery brand has has 210 stores across Australia, New Zealand, South Africa and Singapore, and 96 stores under its Mimco brand. "The acquisition delivers an attractive portfolio of owned brands, greater scale, diversified revenue streams and industry leading margins," said Country Road chairman Ian Moir. The Sydney Morning Herald (Australia) (01 Aug.) - Vince Camuto plans international expansion
Vince Camuto plans to expand its overseas stores from 30 units to more than 100 in 2013. Upcoming locations include the United Arab Emirates, Morocco, the Ukraine, Singapore, Japan, the Philippines, Australia and Mexico. Before opening any new store, the company targets local customers with a pointed marketing strategy. "When the store opens, the local customer has a good knowledge of the brand and what we're doing," said CEO Vince Camuto. Women's Wear Daily (subscription required) (31 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 |  |  | | | Retail in Asia | | | | - Hugo Boss reports sales in China up just 1% for second quarter
Retailer Hugo Boss recorded a mere 1% rise in China for second-quarter sales. The German fashion brand noted a hesitance toward luxury purchases. "Consumer sentiment continues to be shaky, with many customers cancelling or postponing luxury purchases," said CFO Mark Langer. Reuters (31 Jul.) - Rio fashion fairs favorable despite economic uncertainty
Competitive pricing left foreign buyers shopping at Rio de Janeiro's two fashion fairs this season. Despite a difficult market, sales at the shows were on par with last year's purchases. "Fashion Business exhibitors who were also at the event last June saw sales increase by 40-60%," said organizer Eloysa Simão. Women's Wear Daily (subscription required) (31 Jul.)  | 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. |
  | Spotlight on Luxury Goods | | | | | NRF News | | | | - 5 best practices in website optimization and safety
From back-to-school shopping to the winter holidays ahead, the second half of 2012 presents many opportunities for retailers to maximize online sales. But where does e-commerce security fit into the overall customer experience? In a white paper on Shop.org, Nancy Levin, group marketing manager in McAfee's Web Security division, identifies five best practices that will help secure your virtual marketplace to increase consumer confidence and turn your online shoppers into buyers. Download the white paper.
| SmartQuote | | | |  | Boredom is the root of all evil -- the despairing refusal to be oneself."
--Søren Kierkegaard,
Danish philosopher and writer  |
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