| Global retail industry news |  | | |  | - Government delivers blow to Woolworths' hardware plans
The Victorian state government has rejected Woolworths' plans to put a large store on the former site of the Geelong Golf Club. The move raises questions about 10 other new Woolworths stores across the Australian state and the retailer's plans to launch 150 big-box hardware stores throughout the country. The Australian (08 Sep.)      - Retailers, restaurateurs are lured to Melbourne Airport
Melbourne's international airline terminal is attracting retailers and restaurateurs, prompting a $330 million upgrade. Chris Woodruff, CEO at Melbourne Airport, noted that retail revenue was up 11%. "This success came on the back of three new retailers, the negotiation of new agreements, gradual completion of our capital works projects and our growth in passenger numbers," Woodruff said. The Age (Melbourne, Australia) (08 Sep.) - SA's Steinhoff strives to increase global presence
Steinhoff International Holdings, a furniture manufacturer and retailer based in South Africa, has a presence in Africa, Europe and the Asia-Pacific region and is seeking partnerships to bolster its global footprint. The company has its eye on strategic partnerships in southern Africa and Europe. Reuters (07 Sep.)  | With an Information Agenda for Financial Markets in place, companies have many of the tools needed to make the essential transition from simply supporting the business to making a measurable, sustainable contribution to the business' bottom line. This guide supplies the integrated vision needed to help achieve business goals and objectives—and deliver better business outcomes. |
 - BRC reports rapid increase in UK food prices
The British Retail Consortium said food prices in the UK increased an annual 3.8% as manufacturers passed on rising commodity prices. Inflation could be limited, however, as consumers rein in spending and retailers strive to attract shoppers with reduced prices. "As shoppers return from their summer holidays, many will review household budgets again," said Mike Watkins, senior manager of retailer services at Nielsen. "We can expect to see retailers putting together some strong autumn promotions to tempt shoppers." Bloomberg Businessweek (07 Sep.) - H&M founders donate shares to fund employee programme
The Persson family, founders of Hennes & Mauritz, has donated 4 million shares in the Swedish fashion retailer to fund an incentive programme for the company's employees. "The idea is to create a long-term incentive [programme] which is the same for all employees," said Stefan Persson, chairman of the H&M board. The Local (Sweden) (07 Sep.)  | Stop waiting for checks that are "in the mail."
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 - Carrefour's offer of Asian assets creates bidding frenzy
Carrefour has attracted more than 10 bidders for its supermarkets in Southeastern Asia, prompting speculation that they are assets the French retail giant should be holding onto. The situation raises several questions, including why Carrefour CEO Lars Olofsson wants to exit the region, which the company invested in just a few years ago. Financial Times (tiered subscription model) (07 Sep.)  | 50% off Facebook Success Summit for SmartBrief readers.
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 - Most Australian retail chains plan to bolster online marketing
Over the next year, 86% of large retail chains in Australia are planning to invest more in online marketing while none is planning to reduce such spending, according to a recent study. The research also found that more than half of respondents are concerned about how online global competitors will affect their business. Most also said that being proactive about online marketing and sales will be beneficial in the long run. Inside Retailing Online (07 Sep.)  | In any industry, operational excellence revolves around key business outcomes including productivity, cost control, and quality of service. For retailers, all of these outcomes are highly, if not entirely, dependent on the quality of the workforce and how it is managed. Find out what challenges retailers are facing, and what a workforce management solution can do for your bottom line. |
 | Spotlight on Luxury Goods |  | | | - Luxury retailers account for most Bond Street acquisitions
CB Richard Ellis said most property acquisitions on Bond Street, a major shopping area in London's West End, were taken by upscale retailers. International consumers continue to visit the famed street for luxury retail goods. Hermes, Chanel, Max Mara and other retailers have been active in the area. Financial Times (tiered subscription model) (06 Sep.) - Surging yen could change Japan's model for luxury goods sales
Foreign luxury goods retailers have been able to charge the "Japan premium" as consumers in the Asian nation have high incomes and a large appetite for such products. That system appears to be falling apart, partially because of the rising yen, which is prompting third-party websites to enter the market with significant discounts. The Wall Street Journal (07 Sep.) | NRF News | | | | - Sponsorship and exhibit opportunities available for LP '11
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| SmartQuote | | | |  | Literature is news that STAYS news."
--Ezra Pound,
American expatriate poet and critic,
quoted for International Literacy Day, 8 Sept., 2010  |
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