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| Global retail industry news |  | | |  | - Gap debuts in China
San Francisco-based Gap Inc. chose Shanghai as the location of its first store in China, where it sources nearly a third of its clothes. The retailer also launched online sales in China in an effort to tap the country's growing middle class and millions of Internet users. "If you look at how fast the middle class is growing here in China, the opportunity for a brand like Gap, which really is in that in-between zone -- you could do the math," said John Ermatinger, president for Gap in Asia. Bloomberg (10 Nov.) , The New York Times (free registration) (10 Nov.)       | Gain Control of Your Most Expensive Resource
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 - JJB Sports reports 13.1% increase in recent sales
JJB Sports said same-store sales between 27 Sept. and 7 Nov. rose 13.1%, but said the increase was "lower than anticipated". The sportswear retailer said the sales figures reflect a "weakening market environment". JJB Sports is looking to the crucial holiday period. BBC (11 Nov.)  | Gain insight into the overall health of U.S. businesses and how to leverage new tools to better manage business, while reducing risk exposure. Register now for Gain a clearer picture of small-business risk in an uncertain market.
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 | Retail in Asia |  | | | - Wal-Mart's accelerated expansion in China includes Sam's Club
Rob Cissell, chief operating officer at Wal-Mart China, said the first Sam's Club will be opened in Shanghai by the end of the year. There are currently four Sam's Clubs in China and about 500 worldwide. The Shanghai outlet will feature a different operating model from typical Sam's Club stores and will have an independent procurement team. It is part of Wal-Mart's accelerated expansion into China. ChinaRetailNews.com (11 Nov.) - Retail sales in China surged 18.6% last month
China's retail sales reached $215.79 billion in October, an 18.6% jump over the same month the previous year, according to the National Bureau of Statistics. So far this year, the country's retail sales are up 18.3% over the same period in 2009, the bureau said. Spending by rural residents increased 16.8%. Xinhuanet.com (China) (11 Nov.)  - Brazil's largest retailer reports drop in quarterly profit
Companhia Brasileira de Distribuicao, the biggest retailer in Brazil, reported $67.3 million in third-quarter profit, a decline from the same period the previous year. The company cited an increase in financial expenses. CBD, which competes against Wal-Mart Stores and Carrefour, is jointly controlled by Casino Guichard-Perrachon, a French retail company, and the Diniz family of Sao Paulo, which founded the chain. The Wall Street Journal/Dow Jones Newswires (11 Nov.)  | Drive company revenue by simplifying IT strategies.
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 | E-commerce Spotlight | | | | - Study: UK firms have room to improve m-commerce offerings
Britons are quickly adopting mobile browsing, but most UK companies are not keeping up. A study by 1&1 Internet found that 65% of UK firms have not and are not planning to optimise their sites for mobile devices. The study also found that more than half of respondents have never checked their website's appearance or functionality on a smartphone. InternetRetailing.net (11 Nov.) | Spotlight on Consumer Electronics | | | | - Gome ends dispute over control
Gome Electrical Appliances Holdings, one of the largest electronics retailers in China, ended a disagreement over control of the company by agreeing to appoint representatives of its founder to the board. Billionaire founder Huang Guangyu is serving a 14-year prison sentence in Beijing. The agreement helped push up the company's shares on the Hong Kong exchange. Bloomberg (11 Nov.) | NRF News | | | |
| SmartQuote | | | |  | The nation which forgets its defenders will be itself forgotten."
--Calvin Coolidge,
30th US president,
quoted for Veterans Day in the US, 11 Nov., 2010  |
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