Monday, August 1, 2011

Indian firm to help Wal-Mart make shopping more social

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01 August 2011
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  Retail in Europe 
 
  • M&S sets up new staff retirement plan ahead of changes
    The UK government's overhaul of pension plans comes into force next year, prompting Marks & Spencer to launch a new staff retirement plan. Legal & General will run the plan, which has been established as a "master trust". "There is currently a 12-month waiting period to get into the scheme, and that will need to be reduced to three months. The contribution structure is also being simplified," a spokeswoman said. Financial News Online (U.K.) (subscription required) (01 Aug.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • Various factors hit sales of discount retailers in India
    Discount apparel retailers in India are seeing sales eroded by other retailers' private labels, online merchants and premium brands offering steep discounts. "Our business dynamics have changed with the new excise duties and increasing competition from private labels and e-commerce," said Abani Kant Jha, chief financial officer at Cantabil. "We are rethinking our short-term and long-term business plans." LiveMint.com/The Wall Street Journal (India) (01 Aug.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Retail spending is likely higher than estimates, experts say
    Unrecorded sales by foreign online retailers likely mean that retail spending in Australia as well as New Zealand is higher than previously estimated, experts said. PricewaterhouseCoopers and Frost & Sullivan conducted an Australian survey that found retail spending there would rise by 4.5% in 2011, which is twice official predictions. The survey includes items bought from overseas retailers. Stuff (New Zealand)/The Dominion Post (01 Aug.) LinkedInFacebookTwitterEmail this Story
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  Technology Solutions 
  • Indian firm to help Wal-Mart make shopping more social
    An Indian company called @WalMartLabs is working with Wal-Mart to leverage social media information to improve the shopping experience. "We are not in a position yet to talk about exactly what product we will be launching or the time frame. But what I can tell say is that we are definitely close to launching some stuff," said Venky Harinarayan, one of the two founders of @WalMartLabs. Financial Chronicle (India) (31 Jul.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Top international retailers lukewarm to India's FDI move
    As officials in India move toward allowing foreign direct investment in the country's multi-brand retail segment, top international retailers appear guarded about the possibility. Experts note various challenges, such as infrastructure issues, as well as the possibility that riders will be attached to the FDI measure, as reasons why retailers aren't jumping on the idea. Business Standard (India) (01 Aug.) LinkedInFacebookTwitterEmail this Story
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August 1, 2011
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  What's Happening 
  • 5 tips for collaborative leadership
    People have different strengths, so nonprofit groups and associations should create leadership structures that take them into account, rather than counting on one person to manage every project, writes Shelly Alcorn. Her tips for fostering a collaborative environment include matching people with complementary skills and making expectations clear. This post was the first of a biweekly SmartBrief series focused on association leadership. Read more and learn how to contribute. SmartBrief/SmartBlog on Leadership (7/26)
 
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  Leadership Focus 
  • Real leaders embrace responsibility
    Harry Truman had a sign on his desk in the Oval Office that declared "The Buck Stops Here," and that's a sentiment CEOs would do well to heed, writes Chris Edmonds. Corporate governance comes down to the senior manager's willingness to accept responsibility for his team's behavior. "Set organizational standards, coach to them, hold staff accountable, and enjoy the benefits of a high performance, values-aligned workplace," Edmonds writes. Driving Results Through Culture blog (7/25)
  • 3 ways to have fewer meetings and make them more effective
    About 85% of bosses think their companies' meetings are ineffective and inefficient, a survey found. Marcia Blenko, Michael Mankins and Paul Rogers write that this can be countered by scrapping meetings that aren't focused on making specific decisions, starting a formal "decision log" to track the decision-making process and ensuring that only those people with a direct decision-making role are in attendance. "[Y]ou should soon find that your time is freed up, [and] that your remaining meetings are far more productive than before," Blenko, Mankins and Rogers write. Forbes/Bain Insights blog (7/27)
 
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  Media 2.0 
  • 3 ways you misunderstand social media ROI
    A social media program's return on investment may not be expressible as a single number, says Dell's Richard Binhammer. ROI is about more than sales -- it's about the program's total value to an organization, value that should extend to every department that deals with the public, Binhammer said. As a result, it should be treated as a tool that can be used by any department, rather than a centrally controlled channel, he said. SmartBrief/SmartBlog on Social Media (7/18)
  • 6 ways Google+ could shake up social media
    The full potential of Google+ could rest in its ability to someday be combined with other Google products, writes Graeme Lipschitz. The ability to blend Google tools together would make Google+ the hub for a variety of innovative social experiences, he writes. Mix Google+ and Google Docs and you've got a collaborative-editing platform; factor in Latitude and you've got a platform that could give Foursquare a run for its money; patch in AdWords and it's a game-changing returns-tracking and monetization platform, he argues. Memeburn (7/29)
 
  • How to straighten out your Google+ Circles: The Circles feature on Google+ can help organize social media activity, but a few simple tricks can help you get more from the tool, Stephanie Buck writes. Besides filtering your friends list, well-arranged Circles can serve as a private notebook, a crowdsourcing tool, a spur for engagement or for a topical posting tool, Buck writes. Mashable (7/26)
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  • Tips for keeping important business information private while traveling
    Loose lips may not sink ships, but they can get a business traveler in hot water by revealing important information to strangers. "Thunderous voices, loose lips, wandering eyes, lost portable devices and aggressive Customs officers are just some of the many circumstances that can compromise the confidentiality or privacy of information," Robert D. Brownstone writes. Mondaq/Fenwick & West (free registration) (7/25)

 
 
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