Versace becomes latest fashion label to design for H&M

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21 June 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Caterpillar's global retail sales surge 52% Caterpillar saw its global retail sales of construction machinery rise 52% in the three months that ended at the end of May, according to dealer data. Sales in Latin America, for example, rose 60% in May from the same month the previous year, while sales in Asia were up 38% over the same period. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (20 Jun.) 2 Banners That Used Gaming to Drive Engagement Make your online ads more engaging and they'll become more effective. This report will show you how to: • Leverage in-banner rewards, competition and more • Dramatically increase your banner's quantifiable impact • Take advantage of new ad unit formats and technologies • Deliver on ever-increasing consumer expectations   Retail in Europe    Versace becomes latest fashion label to design for H&M Hennes & Mauritz has confirmed that Versace will develop a capsule collection for the Swedish fashion retailer. "Versace is one of the most important brands of recent times, and their collection for H&M will be glamorous and flamboyant -- everything Versace stands for," said Margareta van den Bosch, creative adviser at H&M. "Donatella Versace is sharing with us iconic designs from the archives. This is such a celebratory collaboration and it is perfect for the party season." Telegraph (London) (21 Jun.) Carrefour faces angry investors and unions at annual meeting Carrefour held its annual meeting today at which shareholders and trade unions voiced their frustrations with the French retailing giant. Investors claim that Carrefour is not acting in their best interests, while trade unions are unhappy with the plan to spin off its discount unit Dia. Reuters (21 Jun.) Let Social Media Find Your Staff For You Give your hiring managers fast, easy access to quality employees by pairing social media with automated recruitment solutions that use Web 2.0 functionality. Download the white paper Automating Social Recruiting for Better Hiring and see how 85 percent of best-in-class companies save money with automation.   Retail in Asia    China's Suning has global ambitions Suning Appliance is planning to bolster online sales, open more outlets and expand into more overseas markets, according to the retailer's executives. "Suning's goal for the next 10 years is to become an international, world-class enterprise. During the next 10 years, we will invest more effort in overseas expansion and compete on a worldwide scale, which will bring us bigger challenges," said Zhang Jindong, president at Suning. China Daily (Beijing) (21 Jun.) Wal-Mart CEO in Japan departs for personal reasons Wal-Mart Stores suffered another departure of a high-ranking international executive as Toru Noda, CEO in Japan, resigned. Steve Dacus, Wal-Mart's chief operating officer in Japan, will succeed Noda as president and CEO. A few weeks ago, several top executives left Wal-Mart's China operations. Reuters (20 Jun.) Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now.   Retail in Latin America    La Polar's interim president resigns amid credit scandal Heriberto Urzua, the interim president of Chile's La Polar, said that he is leaving the troubled retailer due to its customer credit scandal. "There is a deep crisis in the company, which has revealed practices against its own policies," Urzua said. "This is the result of a fraud." Reuters (20 Jun.) Need to target and attract the best candidates to help build your business quickly and conveniently? Monster's Recruitment Solutions like Career Ad Network, TargetPost and Power Resume Search help provide the tools you need to find the right person to represent your company.   E-commerce Spotlight  Next to stop credit checks on online shoppers Next currently performs credit checks on its online customers, even those who want to use their debit card, before they can make a purchase. Next said it will stop the practice, which can affect a consumer's credit history, after receiving complaints. The Daily Mail (London) (20 Jun.) Chinese online retailer Dangdang sees "fast growth," executive says Peggy Yu Yu, co-founder and executive chairwoman at Dangdang, said the Chinese e-commerce giant is experiencing rapid growth. "In the last couple of weeks all the stocks from China have fallen off 40 percent, 50 percent," Yu Yu said. "The performance of the stock deviates from what's going on in the reality in companies like Dangdang." The online retailer launched an initial public offering in December. CNBC (20 Jun.)   Spotlight on Grocery  Study suggests growth in online grocery retailing might not last Ocado, Tesco, Asda and other retailers in the UK that offer online grocery shopping are considered to be some of the most sophisticated in the world. Their sales have been increasing at an impressive rate in recent years as they offer a new convenience to consumers. However, a study by Kingston University researchers suggests that their fortunes could be fleeting. Telegraph (London) (21 Jun.) Asda COO departs after six months Asda's chief operating officer, Simon King, has left the company after less than six months on the job. Asda did not provide a reason for the departure. King joined the Walmart-owned grocery in January, and before that was CEO of Panda Retail, a subsidiary of Savola Group. The Independent (London) (20 Jun.)   NRF News  Pizza Hut CIO talks mobile customer service and satisfaction Mobile has become one of the key drivers for customer engagement and satisfaction for Pizza Hut. As one of the early adopters in retail, Pizza Hut CIO Baron Concors will discuss the company's mobile strategy at NRFtech 2011: IT Leadership Summit, Aug. 14-16 in Lake Tahoe, Nev. Learn more. 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Message from Patrick

Forgive me for not having the pleasure of knowing your mindset before making this offer which I know must come to you by surprise. It is the pressure of life that made me write you in this manner. I humbly wish to solicit your assistance in a funds transfer business. This money was drawn and kept away, out of the excess and unprecedented profit made last year by my branch office in which I am the manager. I have already submitted an audited, approved and certified end-of-the-year report for the year 2010 to my head office and they will never on earth find out. Equally dividends has been declared and shared to the shareholders of the bank on 30th March, 2011 during the bank's Annual General Meeting.

I since then placed the funds on a Non-Investment Account without a beneficiary. Could you perhaps be able to receive these funds under due and legal process, I will fill in your name and configure it in our bank database as holder of this Non-Investment Account. I will then guide you on how to apply to my head office for the Account Closure/bank-to-bank remittance of the fund to your designated bank account.

I wish you retain 40% of this risk free transaction if you give me your consent, while 60% shall be for me. I believe this is God's sent to help me alleviate the sufferings and pains I am passing through in life for quite an appreciable number of years now. This transaction will be executed under a legitimate arrangement that will protect you from any breach of the laws of my country Ghana and yours. Your major role would be to provide an existing account or open an account with zero balance, where the fund will be transferred and you then stand as the original depositor of this fund in our bank.

At this juncture, I wish to tell you what prompted me to package this deal. My mother has leukemia, (a disease of the blood) and she needs an urgent bone marrow transplant or else she will die in a no distance time. I want this transplanting to be done in any good hospital in your country as quickly as we can conclude this business of ours. If there is any known hospital to you or you can assist me and find one for me. Once this fund is transferred into your account, I shall take my annual leave and bring in my sick and ailing mother along with my dear wife so that you can help put us through with the hospital activities throughout their stay, because i intend to come back and resume my duty at the expiration of my leave. Please do bear with me for saying that you will assist us, I said this because at this juncture I believe you are now a dear friend to me. Thanks in anticipation.

With Regards,

Patrick Frimpong.