  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Australia's Telstra to tailor new stores to local markets
Mobile phone retailer Telstra is planning over the next three years to launch 100 outlets throughout Australia. David Thodey, CEO at Telstra, said the new stores will be customised to local markets. "Our existing stores welcome around 30 million customer visits each year, and this initiative means our retail outlets will now appear in even more locations, making it easier and more convenient for customers to interact with us," Thodey said. Inside Retailing Online (23 Feb.)      - Africa's Shoprite reports 12% increase in profit
Shoprite Holdings, the largest food retailer in Africa, said the recovery in consumer spending helped drive up its profit by 12% in the fiscal first half of the year. Shoprite has also opened stores to capitalise on the recovery. "We continued our strategy of substantial investment in infrastructure for future growth," said CEO Whitey Basson. Bloomberg (22 Feb.)  | "Hypertension: Controlling the 'silent killer'" — This special report from the experts at Harvard Medical School lays out a step-by-step lifestyle program you can use to lower your blood pressure, improve your health and increase life expectancy. 30% off the cover price and free shipping for SmartBrief readers. Click here to order. |
 | Retail in Europe | | | | - Asda reports rising sales but warns of challenges
Wal-Mart Stores' Asda Group Limited, one of the top three supermarkets in the UK, said same-store sales and profit are rising, but warned that the consumer environment is getting increasingly difficult. Andy Clarke, CEO of Asda, said there are indications that shoppers are becoming short on cash. "I don't expect consumer confidence to increase given the challenges faced by the British public in the coming months. Job security is at the front of consumers' minds," he said. The Wall Street Journal (22 Feb.), The Guardian (London) (22 Feb.)  | Each year U.S businesses spend trillions of dollars on goods and services. Focus Research empowers buyers to spend their budget wisely by offering easily accessible and trustworthy information on vendors that support small and mid-size business operations. Download this free whitepaper that compares leading CRM vendors to ensure you choose what's best for your organization. |
 | E-commerce Spotlight | | | | | Technology Solutions | | | | - German aims to reinvent shopping for mobile era
Cyriac Roeding said he realized in 1994 that mobile phones would be the "next big thing." While it would take more than a decade for the idea to germinate, the seed had been planted. "Conversion rates in the physical world are so much better than online -- between 0.5% to 3% in the virtual world, and between 20% to 95% in the real world. So if foot traffic is so important, then why hasn't anyone rewarded people for visiting stores? The answer is simple: It's because nobody knows you came through the door," he said. Roeding's company, shopkick, sets out to change that. Entrepreneur (01 Mar.) - Microsoft India strives to help retailers
Microsoft India has introduced products that are geared to help retailers manage their supply chains, financials and points of sale. "Microsoft Dynamics AX is focused on the retail industry that will help Indian retailers reduce complexity, seize new opportunities and build customer loyalty, all of which are vital in today's evolving retail environment," said Kirill Tatarinov, vice president of business solutions at Microsoft Corporate. Business Standard (India)/Press Trust of India (22 Feb.) | Spotlight on Luxury Goods | | | | - Demand surges for luxury goods in mainland China
Luxury retailers such as Sixty Group and Prada are increasing their presence in mainland China as demand soars. Some are aiming to tap the Hong Kong stock market to finance their expansion into China. Prada, for example, is planning to triple its presence in China. Asia Times (24 Feb.) | NRF News | | | | - 7 things to know about e-commerce from 2010
Following Shop.org's recent webinar 'The 2010 Digital Year in Review', comScore Executive Chairman and co-founder Gian Fulgoni shared seven essential e-commerce stats from 2010 that industry professionals should keep in mind when planning for 2011. Read more.
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