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| Global retail industry news |  |
 | 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: |
 - UK consumers grab bargains as VAT increase looms
Hundreds of thousands of shoppers hit London's West End on Monday, known as "Mega Monday," as retail chains slashed prices by as much as 75%. Consumers are trying to beat the increase in the value-added tax. Stephen Robertson, director general of the British Retail Consortium, said when the VAT increased from 15% to 17.5% at the beginning of 2010, consumers jumped at retail deals. "Quite a few chief executives are expecting a bumper first week and a half of the sales," Robertson said. The Independent (London) (29 Dec.)       - Retailer Paul Smith reports sharp increase in profits
Fashion retailer Paul Smith reported an 18% surge in annual profit for the year that ended June 30, bucking the economic downturn. "The company continued to grow total sales with a reduction in wholesale orders being more than offset by increased retail sales resulting from new shops, as well as increased like-for-like sales in existing shops and the internet," said the founder of the eponymous chain. Belfast Telegraph (Northern Ireland) (28 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. |
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 | E-commerce Spotlight | | | | | Spotlight on Luxury Goods | | | | - Hidesign becomes one of India's most recognisable brands
Dilip Kapur founded Hidesign, which makes leather goods, in India in 1978. The brand started as a hobby when Kapur returned to India after earning a PhD in international relations in the US. Hidesign goods are sold in hundreds of stores around the world and has become one of India's most recognisable brands, despite entering its home market just over a decade ago. Financial Times (tiered subscription model) (28 Dec.) | NRF News | | | | - When retailers will report monthly sales in 2011
NRF's 4-5-4 calendar serves as a voluntary guide for the retail industry and ensures sales comparability between years by dividing the year into months based on a 4 weeks/5 weeks/4 weeks format. The 4-5-4 calendar also establishes sales release dates, which have historically been on the first Thursday following the month's end. NRF has released calendars for 2010, 2011 and 2012. View the calendars.
| SmartQuote | | | |  | Make the most of your regrets ... To regret deeply is to live afresh."
--Henry David Thoreau,
American author and poet  |
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