  | Global retail industry news |  | | |  | - Africa's burgeoning middle class prompts Wal-Mart move
The population of Africa hit 1 billion in 2009 with a growing middle class of consumers too big for Wal-Mart, the largest retailer in the world, to ignore. In late September, Wal-Mart proposed acquiring Johannesburg-based Massmart as it seeks to tap into one of the fastest-growing retail markets in the world. "It will be to their own detriment if companies ignore Africa," said Celeste Fauconnier, Africa analyst at Rand Merchant Bank. "We are seeing massive growth in the population, an increasing middle class and people having more access to money." Bloomberg (20 Oct.)       | Dell™ Latitude™ XT2 Tablet— Innovative multi-touch responsive screen, dual-digitizer for low pressure and high touch accuracy has taken superb to a new level. Ships with Intel® Core™ 2 Duo SU9600 with VT. Call (800) 247-2304 today to receive 30% off select* Dell™ Latitude XT2 Tablets or go online to learn more.
*All offers subject to change, see web page for complete details. |
  | #FBSS10 — sign up while you still can
Learn successful strategies and tactics employed by leading Facebook experts Brian Solis, Jay Baer, Mari Smith and 19 others (including practitioners from Intel, Cisco, Microsoft Xbox & SAP). Check out both live and recorded sessions. You're one step away from mastering Facebook marketing — register today! |
 - Indian retailers surprised by demand during holiday
Retailers in India have been surprised by consumer demand, particularly for high-end items such as plasma televisions and smartphones, during the Diwali holiday. "This year has already seen one of the best-ever festive season sales, with bill sizes going up by more than 20%," said Future Group CEO Kishore Biyani. "Consumer aspiration levels, which dampened during the last few years due to economic factors, are once again at their peak." The Economic Times (India) (21 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. |
  | 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. |
 | Technology Solutions |  | | | - Column: Retailers can boost customer interaction with mobile
Frederic Court, a tech partner at Advent Venture Partners, argues that retailers should embrace the mobile channel to develop two-way interaction with shoppers. Court says retailers should see mobile as defensive as well as offensive tools, and he offers some simple steps retailers can take to start developing their mobile strategy. InternetRetailing.net (19 Oct.) | Spotlight on Consumer Electronics | | | | - Gome discusses procurement, management with Huang reps
Representatives for Huang Guangyu, founder of Gome Electrical Appliances Holdings who is serving a 14-year prison sentence, are in discussions with company executives about moving forward with procurement and management agreements with Huang's 400 privately owned outlets. Zou Xiaochun, a corporate attorney for Huang, said the goal is to come to a binding agreement in a "reasonable time to solve the problems Gome is facing". Bloomberg (20 Oct.) | NRF News | | | | - Retail safari store tours explore New York's most intriguing retailers
Participate in one of three intimate study tours on the heels of Retail's BIG Show, 9 to 12 Jan., 2011, in New York. Tours focus on concept and trendy specialty stores, big box and food format stores, as well as international retailers. Participants will explore the likes of Target, The Plaza's Food Hall, Reed Krakoff, Alexis Bittar, Kid Robot, and Track & Field. Prices range from $85 for NRF members to $160 for nonmembers. Space is limited and advance registration is required. Register or learn more.
| SmartQuote | | | |  | Art is meant to upset people, science reassures them."
--Georges Braque,
French painter and sculptor  |
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