  | Global retail industry news |  |
- Growth of Vietnam's retail sector hindered by distribution, insider says
Dinh Thi My Loan, general secretary of the Viet Nam Retail Association, said the country's retail sector has potential for significant growth but challenges in distribution systems will hinder it. Loan noted the increase in per capital income and that the ratio of consumption per capita is one of the highest in Southeast Asia. She urged the Vietnamese government to help local retailers expand by finding affordable locations. Vietnam News Agency (21 Dec.)       - Dubai retailers gain leverage on rental agreements
Retailers in Dubai have the opportunity to strike more favorable rental agreements as market conditions continue to change. "In a difficult retail market, and we are still in one, you see hoardings going up at malls and it means retailers are leaving," said Kamal Osman Jamjoom, owner and CEO of KOJ Group. "Retailers are left with no choice -- if your sales are declining you cannot afford to continue paying high rents. Some of the good performing malls of the past are suffering in Dubai. As the market economics change, rents have to come down." Gulf News (United Arab Emirates) (21 Dec.)  | Olympic leadership lessons from USA Basketball
Discover the tactics that Jerry Colangelo employed to overcome USA Basketball's Olympic losing streak. Learn how Colangelo and Coach K built a team that could compete internationally & how to adapt your leadership style to gain the same type of success. Check out Sustaining the Leadership Edge for just $75. |
 - Private-equity firm close to buying Germany's Takko
Apax Partners, a private-equity firm based in the US, is closing in on a deal to buy Takko, a German clothing retailer, for about €1.3 billion, sources said. Takko is owned by Advent International, another private-equity firm. Apax and Takko are in exclusive talks, which will last through Thursday. The Wall Street Journal (21 Dec.) - UK's Alexon issues profit warning, reinforcing weather concerns
Investors, analysts and other retail industry observers are concerned that extreme weather in the UK will cut into retailing profits. Alexon, a women's clothing retailer, reinforced those concerns by warning that sales are suffering in the crucial trading period before Christmas. "The Group's customer base for its largest brands is predominantly an older demographic and as such, severe weather such as the recent snow and freezing temperatures has a disproportionate effect on sales," it said in a trading update. Telegraph (London) (21 Dec.) , Telegraph (London) (21 Dec.)  | Discover the 'Future of Sustainable Household and Laundry Care Packaging'. Covering home and laundry care, it outlines the major drivers and inhibitors of sustainable packaging mostly from a consumers' perspective. Find out more: |
 - PVH Apparel plans to open thousands of stores in China
PVH Apparel Group, one of the biggest apparel groups in the US with more than $2 billion in sales last year, said it launched its Izod brand in the Chinese market. The company, whose brands also include Van Heusen, Bass, Calvin Klein, Tommy Hilfiger and Jimlar, plans to open about 3,000 stores in China over the next several years. ChinaRetailNews.com (21 Dec.)  | Increase Sales with the TRUSTe Seal
Download this case study to see how one company added the TRUSTe seal to lead registration forms and their shopping cart, and saw an enormous 84% lift in purchases, and a 72% increase in revenue per visitor lift. Learn how a consumer-facing seal can accelerate a transaction, and why visitors feel an increased level of trust upon seeing the TRUSTe seal. |
  | 14.2% of social-media strategies deemed very effective
The buzz around social media — and whether or not it is worth the effort — continues to be a leading business concern. SmartBrief's State of Social Media for Business sheds light on obstacles & opportunities in using social media to produce measurable results. SmartBrief readers get a 15% discount. |
 | E-commerce Spotlight |  | | | - EBay to acquire Germany's Brands4friends
EBay agreed to pay $200 million for Brands4friends, the largest online shopping club in Germany, and its equity stakes in Japan's Brands4Friends.jp and Britain's SecretSales.com. "The move is designed to strengthen EBay's position as a leading online fashion destination in Europe," the company said. Bloomberg (20 Dec.) | Spotlight on Grocery | | | | - FairPrice aims to become grocery player in Southeast Asia
NTUC FairPrice, the supermarket chain, set aside $100 million to help it become a regional player in Southeast Asia. The company has spent months searching for a local partner and is now poised to enter Vietnam. FairPrice will establish a hypermarket chain there with the Saigon Union of Trade Co-operatives. Today (Singapore) (21 Dec.) | NRF News | | | | - From new in-store tactics to mobile apps, Toys R Us CEO talks everything holiday
As the go-to authority on making kids' holiday dreams come true, the Toys R Us brand has made significant changes this year to reach all its customers each customer regardless of how they shop. From revamping store hours, to accommodating last-minute shoppers to offering coupons via mobile applications, Toys R Us CEO Jerry Storch shares how these changes are helping the brand stay on top this holiday season. Read more.
| SmartQuote | | | |  | Men are anxious to improve their circumstances, but are unwilling to improve themselves; they therefore remain bound."
--James Allen,
British philosophical writer  |
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