| Global retail industry news |  |
- Fortnum & Mason CEO discusses global ambitions
Fortnum & Mason has more than a dozen "stores within stores" in Japan and a wholesale business in 17 countries. Beverley Aspinall, CEO at Fortnum, is ready to ramp up the retailer's global footprint. Aspinall is looking at opening outlets in India, China and the Middle East. "We're definitely looking at China," she says. "It's a bit like Japan was 20 years ago. Most luxury British brands trade well in the Far East, and China is such an obvious thing to do." Telegraph (London) (06 Feb.)       - LVMH reports surge in 2010 profit, sales
LVMH Moet Hennessy Louis Vuitton's 73% surge in profit for 2010 indicates that global demand for luxury goods has returned. Louis Vuitton continued to be the sales and profit growth driver. "LVMH enters 2011 with confidence and has set itself the objective of increasing, once again, its global leadership position in luxury goods," the company said. The Wall Street Journal (05 Feb.)  | Blog like the big brands
McDonalds' Rick Wion joins practitioners from Cisco, Ford, Sony and Proctor & Gamble to share insights into using blogs to expand your business. 23 blogging experts give you strategies for engaging your fans & growing your brand at the Blogging Success Summit. Register today! |
 - Morrisons talks with George Davies to launch clothing range
Morrisons and fashion designer George Davies are in advanced negotiations on a new clothing range. The move would help Morrisons battle rivals including Sainsbury's, Tesco and Asda, with which Davies launched the George at Asda brand a couple of decades ago. Davies also founded the Next chain and launched the Per Una brand at Marks & Spencer. The Independent (London) (07 Feb.) , Reuters (06 Feb.)  | 6 Steps to (Re)Building a Top Management Team
Many mergers and acquisitions fail, argue the authors of this case study, as a result of extreme stress on senior management teams. Drawing on the experience of Hewlett-Packard, Cisco, General Electric and Adobe, the authors propose six guidelines improving relations and performance. Order here. |
 | Retail in Asia |  | | | - Japanese retailers strive to attract Chinese visitors
During the Lunar New Year period, electronics shops, department stores and other retailers in Japan are striving to woo Chinese visitors. Wealthy Chinese consumers who visit Japan during this period are targeted by sales campaigns, traditional erhu music and fukubukuro, which are "lucky bags" filled with cosmetics, electronics and other goods. Yomiuri Shimbun (Japan) (07 Feb.)  | Health care reform got you down? Learn more from UnitedHealthcare on how the federal changes to medical benefits will affect you and your employees. This comprehensive guide highlights incentives for enrollment and a timeline of important dates and deadlines. Don't let them pass you by—Learn more here! |
 | Spotlight on Mass Merchandise | | | | - Bangladeshi firms urge global retailers to set up fund
Trade unionists and garment manufacturers in Bangladesh are urging global apparel retailers, including Tesco, Asda, Gap and Wal-Mart, to establish a fund to compensate for lives lost and people injured while sewing clothes. Clothing buyers have been in Bangladesh on a "damage control mission" after 29 workers were killed in a fire at a HaMeem Group factory in Ashulia late last year. The Financial Express (India) (07 Feb.) - Column: Woolworths' Luscombe spurs resignation speculation
Michael Luscombe, head of Woolworths, has made comments recently that suggest he might be about to leave the Australian retail giant, according to columnist John Durie. "There's a lot more to life than just what you may be publicly known for," Luscombe said in a weekend interview. If Luscombe is not on his way out, James Strong, chairman at Woolworths, need to clarify the situation, Durie writes. The Australian (07 Feb.) | NRF News | | | | - Global Supply Chain Summit advance registration rate ends Feb. 11
NRF's Global Supply Chain Summit, April 10-12 in Columbus, Ohio, is the premier retail event for senior supply chain executives, their teams and strategic business partners. The inaugural event will focus on three critical topics facing supply chain operations today -- people, compliance and sustainability. Register before Feb. 11 to save $400 off the on-site registration rate. Learn more.
| SmartQuote | | | |  | Rosiness is not a worse windowpane than gloomy gray when viewing the world."
--Grace Paley,
American writer and political activist  |
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