Wednesday, February 1, 2012

Survey: UK consumers spend time online but money in stores

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01 February 2012
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  Global Industry Watch 
 
  • Smaller retail centers in Australia struggle compared to larger ones
    Smaller retail centers in Australia are having trouble attracting tenants as rents remain too high for many retailers, according to the Australian Retailers Association. Also, e-commerce is having an impact on brick-and-mortar store traffic. Larger centers, by contrast, are doing fine as they look for space to serve as showcases for products. Reuters (31 Jan.) LinkedInFacebookTwitterEmail this Story
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Top 5 HR Compliance Concerns for Small Business
Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issues — regulatory compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues.
  Retail in Europe 
 
  • Germany's retail sales dropped in December
    Retail sales in Germany fell 1.4% in December from the previous month, surprising economists who had forecast a 0.5% increase. Sales for the full year of 2011 rose 0.9% from 2010, the second consecutive year of growth driven largely by a strong labor market and domestic demand that's helping offset slower exports to other euro-zone countries. The Wall Street Journal (31 Jan.) LinkedInFacebookTwitterEmail this Story
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Costs are rising in China and Japan, prompting high-tech firms across Asia to consider new sourcing locations so they can remain efficient, while focusing more on service. What will be the impact of this behavioral shift? Learn about the findings in this free white paper.
  Retail in Asia 
 
  • New Huadu strikes deal to buy 2 E-Mart stores
    Chinese supermarket operator New Huadu has signed a deal to acquire stores in Shanghai and Kunshan, China, from South Korean retailer E-Mart. E-Mart commands about 30% of the market in South Korea, but has faced challenges in China. ChinaRetailNews.com (31 Jan.) LinkedInFacebookTwitterEmail this Story
  • Chinese tourists boost Japan's New Year's sales
    Tourists from China flooded Japan's stores during the nine-day Lunar New Year celebration, snapping up everything from consumer electronics and cosmetics to video games and groceries. Recent moves to ease visa requirements have expanded the tourist base beyond wealthy visitors, and less-affluent Chinese individuals and families are making more trips to Japan. The Wall Street Journal (Asia) (31 Jan.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
  • Online fashion's focus shifts away from price
    When it comes to fashion, the newest online retailers and members-only merchants are focused less on offering bargain prices and more on providing fashion fans with convenience and personalized exclusive offers. Instead of clearance sales on last season's looks, 9-month-old Canadian retailer Dealuxe is finding success selling the latest looks at full price. Canada.com (31 Jan.) LinkedInFacebookTwitterEmail this Story
  • Survey: UK consumers spend time online, money in stores
    The average UK consumer spends 2.4 hours shopping online each week and 1.2 hours actually visiting stores, but shoppers still spend more money at brick-and-mortar retail establishments, according to a survey from BaseKit Platform. The survey also found that 86% of shoppers 55 and older regularly shop online. InternetRetailer.com (30 Jan.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  Spotlight on Luxury Goods 
  • Custom shirts find new customers online
    Online outlets including J.Hilburn and ShirtsMyWay.com are combining fashion advice with cutting-edge technology to drive down the cost of custom-made dress shirts. More men are opting for custom shirts, which can be made to order and delivered within three weeks, at a cost of about $100 apiece. Los Angeles Times (29 Jan.) LinkedInFacebookTwitterEmail this Story
  • Salvatore Ferragamo set to pay record rent on Bond Street
    Luxury shoe brand Salvatore Ferragamo is reportedly close to a new lease that would raise the rent on its Bond Street store above 1,000 pounds per square foot, a first for London retail real estate. Retailers pay significantly higher rent for spots on the exclusive street than in any other retail district in the city. Reuters (31 Jan.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • NRF's 101st Annual Convention draws record 25,500 attendees
    Breaking all previous attendance records for Retail's BIG Show, NRF's 101st Annual Convention and EXPO, held in mid-January in New York City, welcomed 25,500 attendees from around the world, up from the 22,500 attendees last year. "The phrase 'jaw-dropping' best summarizes the overall theme of NRF's 2012 Annual Convention, and there was a buzz in the air like never before," said NRF President and CEO Matthew Shay. "From President Bill Clinton's inspirational keynote to the jam-packed EXPO hall full of the latest retail technologies, every aspect of the event was bigger and better this year." Read more. LinkedInFacebookTwitterEmail this Story
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Knowledge is the only instrument of production that is not subject to the law of diminishing returns."
--John Maurice Clark,
American economist


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3 skills every association leader will need in 2020

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February 1, 2012
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  What's Happening 
  • 3 skills every association leader will need in 2020
    Association leaders face special challenges and need a special approach to their personal development, writes Shelly Alcorn. Whether it's networking, analyzing complex problems or generating innovative solutions, it's vital to prepare for the problems your group will face in the months and years to come. "Association leaders must develop an affinity for creatively responding in the moment -- not after months of discussion," Alcorn writes. SmartBrief/SmartBlog on Leadership (1/25)
 
 
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    The SmartBrief team will present a session for association and professional society professionals on "How to Handle BAD News" in July at the CESSE Annual Meeting in Louisville, Ky., and we are seeking best practices. How does your organization handle controversy? E-mail today and we will send you a copy of the presentation and a special SmartBrief gift.


  Leadership Focus 
  • Treat your workers like family, Google's Larry Page says
    Google CEO Larry Page says his grandfather, an autoworker, carried a homemade club to work to protect himself from his employer. These days, Page says, smart bosses are far less aggressive and confrontational in their dealings with workers. "It's important that the company be a family, that people feel that they're part of the company, and that the company is like a family to them," he says. CNNMoney.com/Fortune (1/19)
  • Is it time to toot someone else's horn?
    Everyone thinks workers should receive credit for the good work they do, but too few bosses follow through in practice, writes Joel Garfinkle. It doesn't have to be that way, and a single person can make a big difference, Garfinkle argues. "A credit-sharing culture doesn't have to be a fairy tale," he writes. "In fact, you can help create one by being the person at your company who always goes out of your way to tell others what a great job they are doing." SmartBrief/SmartBlog on Leadership (1/18)
 
  • Where have all the heroes gone?
    The bosses of the future won't be heroes, writes John Baldoni. Rather than cartoonish captains of industry, the workplace will demand "post-heroic," team-focused leaders who can get the best out of a diverse, globalized workforce. "Workers in our future will not be looking for the man on the top floor; they will be looking for someone (a woman perhaps) just like them, who can point them in the right direction," Baldoni writes. CBS MoneyWatch (1/3)
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  Media 2.0 
  • Social media tips from book clubs
    Social media professionals could learn plenty from starting a book club, writes Anum Hussain. A book club requires a core group of interested readers, the right books to keep everyone interested and well-chosen questions to keep the conversation flowing. "Similarly, businesses must have a grasp of what their audience wants to get out of following them in social channels," Hussain writes. HubSpot.com (1/23)
 
  • Get creative to build buzz with Pinterest
    Pinterest is essentially an image-sharing site, but it's still a potentially fruitful space for online marketers, writes Kaila Strong. The obvious place to start is by sharing visual content, but Pinterest can also serve as a useful platform for staging contests, highlighting customer-created content or conducting market research. "With a bit of creativity and research you're bound to find a way to use the new platform," Strong writes. SearchEngineWatch.com (1/19)
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