Tuesday, March 15, 2011

Japanese disaster prompts concern among luxury retailers

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15 March 2011
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Global retail industry news

  Global Industry Watch 
 
  • REITs plan to develop U.S.-style outlet malls in Canada
    RioCan Real Estate Investment Trust and Calloway Real Estate Investment Trust are both planning to open U.S.-style premium outlet malls near Halton Hills, which is located west of Toronto. The malls will feature some retailers that are not yet in Canada, highlighting the increasing attractiveness of the Great White North to many American companies. The Globe and Mail (Toronto) (14 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • JD Group makes deal with Steinhoff
    JD Group has agreed to acquire the South African retail division of Steinhoff for roughly 3 billion rand in a multi-faceted deal. Steinhoff will pay 134 million rand to purchase JD Group's stake in Abra Spolka Akcyjna, the Polish furniture retail unit. The deal will make Steinhoff a significant shareholder in JD Group. "The deal will enable JD Group to strengthen its balance sheet and retain significant capacity to invest in growth," according to the companies. Reuters (14 Mar.) LinkedInFacebookTwitterEmail this Story
  • Bauhaus overtakes Praktiker in Germany's DIY market
    Praktiker, which saw its sales decline 6.6% last year to €4.07 billion, lost its place as the second-largest home-improvement retailer in Germany. Bauhaus generated more revenue in 2010, according to Daehne Verlag, an industry publisher. Bauhaus recorded sales of €4.44 billion, a 7% increase, according to Daehne Verlag. Bloomberg (14 Mar.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
  • Japanese disaster prompts concern among luxury retailers
    Japanese consumers account for roughly 11% of sales in the global luxury goods market. The earthquake and tsunami that hit Japan late last week are raising questions about how luxury goods companies, including Burberry, Hermes and LVMH, will perform. "Luxury sales depend on the people's confidence," according to Sarasin, a Swiss asset manager. The Guardian (London) (14 Mar.) LinkedInFacebookTwitterEmail this Story
  • Tesco plans joint venture to develop shopping centres in China
    Tesco and a financial group are planning to invest about £30 million each in a joint venture aimed at developing shopping malls in China. Tesco, which owns 93 hypermarkets and a dozen Express stores in China, is aiming to bolster its presence in the Asian nation. The company plans to develop shopping malls in Fuzhou, Xiamen and Shenyang, according to a statement from Tesco. ChinaRetailNews.com (15 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
 
  • Taobao kicks off campaign to fight online counterfeiting
    China's largest online marketplace launched an aggressive campaign this week to fight online piracy and counterfeiting, after being labeled as a "notorious market" by the Office of the United States Trade Representative. Taobao deleted more than 5.7 million products over issues related to copyright infringement last year; under the new system, when cases of infringement are confirmed, the company will immediately ban the seller from the site, a spokesman said Monday. China Daily (Beijing)/Xinhua (15 Mar.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Grocery 
  • Japanese stock up on necessities following earthquake
    Hirotake Henmi, a spokesman for Seven & I Holdings, said Japanese consumers are flocking to the company's Ito-Yokado supermarkets to purchase rice, water, batteries and other necessities. "The distribution system works, so that every day the stores provide a certain amount, but as soon as a shop opens, the products disappear," he said. Concerns about the risk of nuclear radiation leaks are prompting the stockpiling. Bloomberg (15 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • HauteLook shares keys to customized multichannel consumer experience
    With many flash sale groups, it all starts with an e-mail that leads to a site visit. But HauteLook has upped the ante by providing an easy, consistent social engagement that is likely to turn those site visits into a mobile app download, Facebook "like" or YouTube video view. HauteLook Senior Vice President of Marketing Greg Bettinelli shares how the company is increasing brand loyalty and sales through engagement on each channel level. Read more. LinkedInFacebookTwitterEmail this Story
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  Editor's Note 
  • How are you helping relief efforts in Japan?
    If you or your company, organization or group want to help the Japanese people recover from last week's earthquake and tsunami but aren't sure how to do so, InterAction provides options. An alliance of U.S.-based international nongovernmental aid organizations, InterAction has compiled a list of groups that are accepting private, corporate and group donations, along with some guidelines for the most appropriate ways to help. -- Rick Stamberger, CEO of SmartBrief

    What is your organization doing to help? Share your story with us. LinkedInFacebookTwitterEmail this Story
  SmartQuote 
The reason for so much bad science is not that talent is rare, not at all; what is rare is character."
--Sigmund Freud,
Austrian founder of psychoanalysis


 
This SmartBrief was created for cpgbrokers.data@blogger.com
 
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4 ways to make sure you never waste a good idea

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March 15, 2011
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  What's Happening 
  • Association conference reinvention
    Shelly Alcorn, CAE, is a thought leader, speaker and association management consultant. Reach her on Twitter @shellyalcorn, on LinkedIn or at the Association Subculture Blog.

    "Recently, an association decided to reinvent their conference. However, they were facing a level of internal and external resistance to change including detractors who had ownership and political pull. They decided to focus on ways to get the entire team -- staff, volunteer leaders and presenters -- to see potential changes as a desirable opportunity instead of a threat. To do that, they needed to create pathways they could all resonate with, aspire to and hold all planners and participants accountable for. They chose to conduct a mini-strategic planning process that included adopting a vision and envisioned experience for their attendees.

    "Hence, their conference vision was born."

    Read about how they did it, and share your own conference reinvention stories.
 
  • A note on helping relief efforts in Japan
    If you or your company, organization or group want to help the Japanese people recover from last week's devastating earthquake and tsunami but aren't sure how to do so, InterAction provides options. An alliance of U.S.-based international nongovernmental aid organizations, InterAction has compiled a list of groups that are accepting private, corporate and group donations, along with some guidelines for the most appropriate ways to help. Learn more.
 


  Leadership Focus 
  • A simple template to improve your brainstorming
    A simple Microsoft Word template listing a series of questions can help leaders refine their groups' brainstorming efforts, writes Chuck Frey. Explicitly answering questions about the intended audience, the resources available and the goals can help innovators come up with bright ideas that are better tailored to a company's specific needs, Frey says. InnovationTools (3/9)
  • Stop making excuses for cowardly leadership
    Too many bosses are happier making excuses than confronting problem workers, writes Leigh Steere. If you find yourself avoiding tough conversations for fear of being seen as a bully, losing a key worker or sparking an employee revolt, Steere writes, it's time to stop stalling and take action. "If your customers, project quality, team productivity or morale are suffering, is there any valid excuse for failing to intervene in a timely manner?" she asks. LeadChangeGroup.com (3/13)
  • How to cope when reporters come calling
    Leaders occasionally finds themselves in the media spotlight, writes Dorie Clark, and a single ill-judged or poorly phrased comment can cost the individuals and their organizations dearly. Before talking to a journalist, it's worth making sure you understand the reporter's motivations, that you prepare for obvious and oddball interview topics, and that you're ready to deflect uncomfortable questions in a way that won't come across as simply stonewalling. Harvard Business Review online/The Conversation blog (3/3)
 
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  Media 2.0 
  • 7 ways to bring your lurkers out of the shadows
    The vast majority of visitors to your social channels and communities are "lurkers" who rarely if ever actively participate, writes Heidi Cohen. To encourage them to get more involved, make sure there's always a conversation for them to join, explicitly ask people to speak up and offer incentives such as coupons or virtual gifts to reward first-time participants, Cohen writes. ClickZ (3/7)
  • Adjust to Google search changes by beefing up content
    If Google's recent adjustments to its search algorithms have cut into your site's Web traffic, it's important to pinpoint exactly where the drop has occurred, Vanessa Fox writes. Then, consider Google's own advice on how to boost results, taking to heart in particular its call for meaningful, valuable content. Search Engine Land (3/5)
 
  • Don't double down on social media content
    Too many brands focus all their energies on a single social media platform, and use other social outlets simply to rebroadcast content that has appeared elsewhere. That's a quick way to annoy and alienate your followers, warns Caroline Chen, who thinks marketers need to develop an understanding of the strengths and weaknesses of each platform. ClickZ (3/10)
  • Other News
  SmartNugget 
  • 32 rules you can't do business without
    The key to building a successful organization is to harness "The Primes" -- essential, timeless insights into how people interact, writes Chris McGoff. His book, "The Primes: How Any Group Can Solve Any Problem," catalogs 32 such insights in pictorial form, then walks leaders through the process of applying them to real-life problems. "We did not invent them. ... Our contribution was to notice these dynamics, make them visible and, most importantly, to name them," he says. SmartBrief/SmartBlog on Leadership (3/7)

 
 
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