| Global retail industry news |  | | |  | | Global Industry Watch |  | | | - Italy's Zegna sees higher suit sales in China than in US
Ermenegildo Zegna Group, an Italian luxury suit maker, said it saw higher sales of suits, which range in price from about $2,000 to $40,000, in China this year than it did in the US. "We were the first luxury brand to move to China in 1991," said CEO Ermenegildo Zegna. "It became the largest market this year before the United States. So those resources invested in a tough year brought an incredible payback that was able to generate new investment in another part of the world." CNBC (01 Nov.)      - Germany's Metro raises 2010 profit target
Metro, a German retailing giant, posted strong quarterly results, prompting an increase in its 2010 profit target. Metro noted a boost in key markets in Eastern Europe after a slump brought about by the global economic slowdown. "Eastern Europe is making a comeback as a growth driver," Metro CEO Eckhard Cordes said. Google/Agence France-Presse (02 Nov.) - Coach enters Europe as economy picks up
Lew Frankfort, chairman and CEO of Coach, has been on a tour of Europe as the US-based accessories company makes its entrance in France, Spain and the UK. "We made a decision to go into Europe before the wind changed," said Frankfort, referring to Coach's arrival in Paris as economic growth in Europe speeds up. Coach has already been successful in mainland China, where it operates nearly 50 locations, and Japan. The New York Times (free registration) (01 Nov.)  | What could be better than supporting and managing your BlackBerry smartphone deployment, for free? Nothing.
Now you can get industry-leading security and device management tools for BlackBerry smartphones, for free. Download BlackBerry Enterprise Server express today and get started. |
 - Christian Louboutin to open in China, India
Christian Louboutin is planning to tap into an increase in luxury spending in India and China by opening stores in the Asian nations. Designer and founder of the company Christian Louboutin said a store will open in Beijing in July and another one will launch in Shanghai later next year. The company also has its eyes on Brazil, Louboutin said. Bloomberg (02 Nov.)  | Gain Control of Your Most Expensive Resource
The market for workforce management is still maturing and many growing companies have yet to implement a workforce management system. Download this complimentary article to learn about why growing companies need to adopt a workforce management solution to stay competitive and the business value this solution provides. |
 | E-commerce Spotlight | | | | - Best Buy to open online store in UK
US-based consumer electronics retail giant Best Buy, which opened its first store in Britain in May, is planning to launch an online site in the UK. Best Buy is taking its battle with Comet, Currys and Argos online. Best Buy's move comes as online consumer electronics sales, not including mobile phones, computers and some other purchases, are forecast to exceed £1 billion in Britain this year. The Independent (London) (02 Nov.) | Technology Solutions | | | | - Social media proves game-changing for traditional retail
 Daily-deal sites such as Groupon and LivingSocial are offering consumers deeper-than-ever discounts, and social media players including Facebook and Twitter allow brands and manufacturers more direct connections with consumers than ever before. Traditional retailers can compete successfully with these changes, but only by creating their own strong social media presences, writes CustomerThink blogger Harish Kotadia. CustomerThink (30 Oct.) | Spotlight on Grocery | | | | - German bakers are hot over ALDI's automats
ALDI supermarkets in Germany have started installing automats, with the word "Backofen," which means "baking oven," and pictures of wheat and whole grains printed on them. The automats have enraged the country's traditional bakers, saying that ALDI's marketing of the bread from the automats as "fresh out of the oven -- direct into the bag" is misleading. The Wall Street Journal (01 Nov.) - Morrisons to create jobs for "vulnerable" people
Morrisons plans to train people who used to live on the street to become butchers, bakers and fishmongers. The supermarket chain, which is planning to create more than 10,000 new jobs, has vowed to give 1,000 of those jobs to "vulnerable" people. The company said its management "believes by investing in individuals from all backgrounds and experiences, including those who need a hand-up rather than a hand-out, it can gain the most loyal and hard-working employees." Telegraph (London) (01 Nov.) | NRF News | | | | - What's Hot in Retail? We've got your list
The hottest items in retail last month included a slew of holiday-related resources, including blog posts on the top 10 trends for the 2010 holidays and a Q-and-A with Hobby Lobby's CEO on what to expect this season. Also popular: NRF's recently released economic analysis on the impact of a Value Added Tax. Read more.
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