| Global retail industry news |  | | |  | - Pick n Pay founder warns SA retailers to up their game
Raymond Ackerman, founder and former chairman of South African retailer Pick n Pay, said the country's retailers will need to redouble their efforts as Wal-Mart plans to enter their market. "South African retailers will need to pull up their socks like the UK retailers did when Wal-Mart entered that market," Ackerman said in an interview with Business Report last week. "Sainsbury and Tesco have since improved their turnover impressively and took Wal-Mart head-on as soon as the Americans entered the country." Business Report (South Africa) (18 Oct.)       | Guide to Persuasive Presentations
This Harvard Business Review Guide is packed with practical advice on everything from structuring content to overcoming stage fright. Get the tools and confidence you need to shape your information for your audience and to master public speaking. Order here in print or PDF download. |
 - Luxury-goods market is booming after last year's troubles
The luxury-goods industry suffered its worst decline in about two decades last year as the global financial crisis and economic downturn took their tolls. Now, the market is booming once again, however, and strong sales over the holidays could mean near-record sales for the industry, according to a new Bain & Co. study. "The recovery has been faster than expected," said Claudia D'Arpizio, head of Bain's fashion and luxury practice. "We will probably have strong full-price sales and not enough merchandise to fulfill the need during the holiday season." The Wall Street Journal (18 Oct.) - High & Mighty plans for expansion across Britain
High & Mighty, an outsize-menswear chain in the UK, is planning to add stores and is seeking larger salespeople who can offer an "empathetic" ear to its customers. "In an ideal world, every one of our stores would be staffed by high and mighty people," said Gill Politis, the 5 foot 10 inch managing director at High & Mighty. "I understand what the issues are from the perspective of a tall female. That's part of what we'd look for in someone coming to work for us." The Guardian (London) (17 Oct.)  | Preparing a Winning Loan Package
By Elizabeth Wasserman, August 03, 2010
Banks are still cautious about making loans and competition for lending among mid-size companies is fierce — all the more reason to create a thorough, compelling loan application. |
 - Hong Kong retailers capitalise on Golden Week holiday
Hong Kong retailers enticed Chinese shoppers who splurged on diamonds, vintage wine and luxury watches. The visitors boosted sales at luxury retailers in Hong Kong during the Golden Week holiday. "The spending power of Chinese consumers is amazingly strong and the rising yuan helped a lot," said Emperor Watch Executive Director Henry Chan. "What they pursue in jewelries and watches are no longer middle-priced pieces, but the expensive, sophisticated and limited items." Bloomberg (15 Oct.)  | This report provides a review and assessment of the strategic innovation options that CPG companies should examine. It also covers the need to develop a coherent innovation strategy across categories and platforms and for alignment with overall corporate strategy: Click here to find out more. |
 - Chile's Cencosud agrees to acquire Brazil's Bretas
Cencosud, the largest retailer in Chile by sales, will pay $814 million to acquire Brazil's Supermercados Bretas, which includes 62 supermarkets, 10 service stations and three distribution centres. The acquisition, the largest for Cencosud Chairman Horst Paulmann in five years, will double the Chilean retailer's presence in Brazil. Bloomberg (18 Oct.)  | Reshaping Enterprise Workforce Management Software
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 | E-commerce Spotlight |  | | | - Global retailers tap into Chinese consumers via websites
Wal-Mart, Gap, Uniqlo and other major retailers around the world are launching websites targeting Chinese consumers to tap into the fast-growing market. "About two-thirds of Chinese have been online for three years or less, and half for less than two -- and in the past it has taken about three years for an internet user to become an online shopper," according to the consultancy McKinsey. "Assuming that this conversion continues, tens of millions of new e-commerce consumers could be just around the corner." Financial Times (tiered subscription model) (17 Oct.) , Google/Agence France-Presse (18 Oct.) | Technology Solutions | | | | - High-tech lasers to "tattoo" info on fruits, vegetables
Spanish technology firm Laser Food uses lasers to "tattoo" the prices, sell-by dates and other information onto the skins of fruits and vegetables. The high-technology labels are poised to replace traditional, sticky labels as major retailers, including Tesco, Waitrose, Marks & Spencer and ASDA are being targeted by Laser Food. The Valencia-based firm already tattoos melons for Carrefour. Telegraph (London) (17 Oct.) | Spotlight on Mass Merchandise | | | | - Wal-Mart competes with Russia's X5 to acquire Kopeika
Negotiations to take over Russian retailer Kopeika have been ongoing sporadically for the past several years. Wal-Mart has been in talks with a number of Russian companies and is again in talks to buy Kopeika, according to the business daily Vedomosti. Russia's Federal Antimonopoly Service recently cleared the path for X5 to take over Kopeika, but the retailer's interest in the move has waned. Reuters (15 Oct.) | NRF News | | | | - RFID: It's only as good as the associates who know how to use it
The use of RFID in retail can mean improved efficiency in tracking products and increased levels of asset visibility. But do your associates possess working knowledge of RFID technology to apply and evaluate the data? NRF University wired, the NRF Foundation's eLearning platform, now offers an interactive course on RFID essentials, which highlights the technology basics, data sharing, application examples and implementation -- the perfect training for retail associates in IT, finance, operations, engineering or sales. Learn more.
| SmartQuote | | | |  | It has been said that the love of money is the root of all evil. The want of money is so quite as truly."
--Samuel Butler,
British author  |
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