  | Global retail industry news |  |
- UAE retailer Eros plans to expand into Qatar
Eros Group, a retailer of consumer electronics in the United Arab Emirates, plans to establish itself in Qatar before the emirate hosts the FIFA World Cup in 2022. "We expect a lot of B2B business," said Deepak Babani, CEO of Dubai-based Eros Group. "Flat panel [televisions] for the stadiums, and for the hotels." Babani said the company aims to open its first store in Qatar by year-end. The National (Abu Dhabi, United Arab Emirates) (10 Jan.)        | Facebook: Your blog's secret weapon
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 - Effect of snow on UK retailers' sales questioned
BDO figures, based on thousands of UK retailers, show year-on-year sales fell 0.5% in the five weeks to Jan. 2. The figures, which exclude food, raise questions about retailers' claims that their sales were significantly reduced by the severe winter weather. "The snow definitely had an effect, but you can't just say 'I did badly because the snow came'. There are people who have done well over Christmas," said Don Williams, head of consumer markets at BDO. Telegraph (London) (09 Jan.) - HMV to close 60 stores as marketplace remains challenging
HMV Group's core markets have declined as digitisation of books and music take over. The situation has prompted the retailer to close roughly 40 HMV stores and 20 Waterstone's shops. HMV CEO Simon Fox blamed severe weather the last weekend before Christmas for making it impossible for the company to make up for earlier sales losses. He said HMV Group is diversifying to survive. Telegraph (London) (06 Jan.)  | HBR's Must-Reads on Leadership
How does a good manager transform into an extraordinary leader? This collection of best-selling Harvard Business Review articles includes: "What Makes a Leader?," "What Leaders Really Do," "The Work of Leadership," "Why Should Anyone Be Led by You?," and "Crucibles of Leadership." Order here in print or PDF. |
 - Shanghai's Jing An Bakery plans big expansion
Jing An Bakery plans to capitalise on increased demand for freshly baked goods by expanding its chain from 61 stores to 1,000 over the next few years. The company, a division of the largest hotel-chain operator in China, plans to finance the expansion with money raised by an initial public offering in Hong Kong. Bloomberg (07 Jan.) - India's Future Group plans to expand in West Bengal
Future Group, the largest retailer in India, is preparing to open more stores in West Bengal over the next few years. "We are looking at increasing the number of Big Bazaar stores from the present 18 to 30 and the number of Pantaloons stores to eight from the current five", said Manish Agarwal, general manager of sales and merchandising for Future Group. Business Standard (India) (10 Jan.)  | Create a winning social-media strategy
Relying on luck and good intentions when developing your social-media approach can leave you with ineffective initiatives. Get the data you need to formulate a savvy social-media strategy that produces measurable results. Check out the key takeaways from SmartBrief's State of Social Media for Business. |
 | E-commerce Spotlight |  | | | - Survey finds many more Singaporeans shop online
A MasterCard survey of Singaporeans found that 64% said they shop online, up from 10% last year. More online shoppers were women than men. Women also bought more on average. Airline tickets remain the most popular items for Singaporeans to buy online, but they also purchase apparel, books, art, and movie andconcert tickets. The Straits Times (Singapore) (10 Jan.) - Harvey continues resistance to online sales tax exemption
Gerry Harvey, founder of Australian retail giant Harvey Norman, is encouraging smaller online retailers to explain how they are affected by the sales tax loophole that allows consumers to make purchases of less than A$1,000 from foreign retailers without paying sales tax. A coalition of retailers urges the Australian government to impose a sales tax on all online retailers or drop the tax on sales by domestic merchants. The Sydney Morning Herald (Australia) (08 Jan.) | Spotlight on Mass Merchandise | | | | | NRF News | | | | - Deloitte exec shares sneak peek of 2011 Global Retailing report
The 14th edition of STORES Global Powers of Retailing report will officially be released on Wednesday, but attendees of Retail's BIG Show in New York City this week, were treated to an advance copy of the report's FY09 statistics. Included in the sneak peek is a list of stats that focus on the year's biggest issue for retailers: globalisation. Read more.
| SmartQuote | | | |  | The unifying force driving businesses to Twitter today is a simple concept: Consumers don't like being ignored and businesses know they need to listen."
--Ben Grossman,
communication strategist  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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