Wednesday, June 1, 2011

Wal-Mart aims to close Massmart deal as soon as possible, CEO says

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01 June 2011
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  Global Industry Watch 
 
  • Massmart works to identify potential sites in Nigeria: Grant Pattison, CEO at Massmart, said that the South African retailer is moving forward with plans to expand in Nigeria and has made "good progress" at identifying possible retail sites. Pattison said Massmart is also considering expanding in Senegal, Angola and the Democratic Republic of Congo. Reuters (31 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Knight Vinke opposes Carrefour's plan to sell assets
    Knight Vinke Asset Management, which owns roughly 10 million shares in Carrefour, is voicing opposition to the French retailer's strategy for selling non-European assets and is encouraging the management to concentrate on enhancing its business. "The sale of Carrefour's non-European activities, one by one, in an isolated manner, wouldn't seem to us to be the good solution," Knight Vinke said in a letter to Carrefour. Bloomberg (31 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Uniqlo expects sales boost as Japanese consumers seek lighter clothing
    Rising temperatures in Japan and pressure to conserve power by keeping air conditioners on low are expected to bolster demand for lighter clothing, and Fast Retailing's Uniqlo is preparing to capitalise. "(The power shortage) is a huge opportunity for the apparel industry. People are changing the way they dress not just at work but at home as well," according to Fast Retailing Group Executive Naoki Otama. "Summer wear sales usually start rising in June, but this year they have been outpacing spring wear since the end of April." Reuters (31 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Latin America 
 
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  E-commerce Spotlight 
  • China opens up online retailing to more firms
    China's central bank has issued licenses to 27 non-financial companies to run payment businesses in a move that opens the country's online retailing sector to more firms. However, the deadline for obtaining a license is Sept. 1. Alipay.com, 99bill.com and Tenpay.com are among the firms that have been granted licenses. ChinaRetailNews.com (31 May.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  NRF News 
  • Learn best practices for mobile retail with NRF's Mobile Retailing Blueprint
    NRF has released the second version of its Mobile Retailing Blueprint, a free resource that educates retailers on best practices for leveraging mobile to enhance customer marketing, e-commerce and store operations. The blueprint features a special section on implementation planning and technology and also explains multiple secure mobile payment processes that can provide customer convenience and lower processing costs. Download the Blueprint. LinkedInFacebookTwitterEmail this Story
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Beware of over-great pleasure in being popular or even beloved."
--Margaret Fuller,
journalist and women's rights advocate


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June 1, 2011
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  Leadership Focus 
  • Oprah's 7 lessons for business leaders
    The phenomenal success of Oprah Winfrey's personal brand holds important lessons for business leaders, writes Eric Markowitz. Winfrey used transparency to build a personal connection with fans, took plenty of risks, tapped regularly into a contact book stuffed with celebrities and, perhaps most important, was willing to quit while she was ahead. "The message is clear enough for entrepreneurs: don't be afraid to end on a high note," Markowitz writes. Inc.com (5/27)
  • Why good leaders use guidelines, not rule books
    West Point's disciplinary code listed hundreds of infractions until officials realized it was more effective to outline broad criteria for distinguishing "minor" and "major" offenses and let leaders use common sense in implementing the guidelines. Most organizations could benefit from a similar willingness to issue flexible guidelines rather than hard-and-fast rules, writes Mike Figliuolo. "You hire people because they're smart. Try giving them a little latitude to demonstrate their smarts and judgment." ThoughtLeaders blog (5/16)
 
  • 3 leadership lessons from "The King's Speech"
    The movie "The King's Speech" offers powerful lessons for leaders about the importance of being humble enough to accept help from others, write Dennis Reina and Michelle Reina. Just as the stuttering King George VI needed speech coach Lionel Logue to help him emerge as the leader England needed, many modern leaders need guidance to help them unlock their potential. "People expect you to lead, and if accepting support from others will help you be an even better leader, it's your best course of action," they write. SmartBrief/SmartBlog on Leadership (5/23)
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    Social media and search engine optimization should go hand in hand, Lee Odden of TopRank Online Marketing said at a BlogWorld event. No matter how engaging and carefully crafted your social content, Odden says, you still need to make sure your users are able to find you; and, once users find your content, it needs to be engaging enough to retain their attention. SmartBrief/SmartBlog on Social Media (5/25)
  • Avoid these shortcuts to social media failure
    It want your social media efforts to fail, be sure to shut out input from anyone who doesn't work in your company's marketing division, writes Rebecca Corliss. Putting every post through a management review process and throwing in the towel after a few discouraging weeks are also sure-fire paths to failure, Corliss writes. HubSpot.com (5/26)
  • Digital growth frees the news -- and fragments it
    The pre-digital media universe, which provided daily news through a handful of channels for a price, made professional journalism possible and provided a common national forum for issues of the day. The new news model, online and free, opens the door to many voices but also makes it possible for readers to hive themselves off into a digital world of "truthiness." Data from the American Press Institute show that newspaper revenue fell from $59 billion in 2000 to $38 billion in 2009, with newspaper employees decreasing from more than 54,000 in 1997 to fewer than 42,000 today. National Journal (5/20)
 
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  SmartNugget 
  • 4 ways to start greening your supply chain
    Building a sustainable supply chain isn't as simple as just "being green," write Doug Schrock and Gregg Anderson. It's necessary to take a broad look at your suppliers and other partners, develop meaningful metrics for gauging performance, and gather all the data necessary to make informed decisions about your supply chain. "The goal is to strike a pragmatic balance that accurately assesses critical economic, social and environmental concerns," Schrock and Anderson write. IndustryWeek (5/23)

 
 
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