  | Global retail industry news |  |
- UK retail king Sir Philip Green aims to take on US
Sir Philip Green delayed the launch of his flagship Topshop store in New York, but the retail king of Great Britain still believes he can conquer the US. "There's nothing I have seen that tells me we can't get this brand to work in America," Green said. He has transformed Topshop into a fashion-forward brand, garnering attention from fashionistas, supermodels and other industry insiders. "Philip has a larger than life personality... (He) has been very successful in attracting attention for Topshop," said Anna Wintour, editor-in-chief at U.S. Vogue. CNN (16 Mar.)       - Flagship IKEA store opens in Abu Dhabi
Aldar Properties and Al Futtaim Group anticipate that the 33,000-square-metre IKEA store at Yas Island, Abu Dhabi, will attract nearly 1.3 million visitors in its first year. "Al Futtaim Group is fully committed to offering customers an unrivalled choice of the world's best brands with exceptional standards of customer service," said Omar Al Futtaim, vice chairman of the Al Futtaim Group, which along with Aldar Properties has opened the largest IKEA store in the Middle East. Emirates Business 24/7 (United Arab Emirates)/WAM (15 Mar.), Gulf News (United Arab Emirates) (16 Mar.)  | 2011 planning for social media made simpler
94.1% of businesses use social media to build brand awareness — does yours? Get insights into business trends and best practices for social media from SmartBrief's State of Social Media for Business. Make your 2011 social-media strategy count with data from 6000+ business execs. Get the report today. |
 | Retail in Europe |  | | | - JJB Sports outlines rescue plan
JJB Sports plans to seek another £65 million from shareholders as it aims to restructure. The overhaul of the retailer includes revamping stores, investing in online efforts and closing outlets that are losing money. The strapped retailer said that its major investors had agreed in principle to support its fundraising effort. BBC (15 Mar.), Telegraph (London) (15 Mar.), The Independent (London) (16 Mar.) - UK-based baker Greggs reports record profit in 2010
Greggs, which is based in Newcastle, said that store openings helped boost the baker to record profits last year. The company, which includes more than 1,490 outlets, said it expects to progress further this year despite the difficult consumer environment. Greggs expects to open about 80 new stores this year. Reuters (16 Mar.)  | "Healthy Solutions to Lose Weight and Keep it off " — Learn how the experts at Harvard Medical School are shifting weight loss strategy from overly restrictive diets to sensible eating, realistic goals, and plans for keeping the weight off. 30% off cover price and free shipping for SmartBrief readers. Click here to order in hard copy or download. |
 | Retail in Asia | | | | - Japan cancels Fashion Week as retail activity is subdued
Retailers in Tokyo and elsewhere in Japan continue to deal with the damage caused by the earthquake and tsunami that rocked the country last weekend. Stores are reopening, but consumers remain disinterested. Japan Fashion Week Organization announced that it has canceled its show in Tokyo, which was to start Friday. "Due to the multiple concerns regarding current electricity shortages, unreliable transportation and general safety concerns, the Japan Fashion Week in Tokyo that was scheduled to take place this week and next week has been cancelled," according to the organizer's website. Crain's New York Business (15 Mar.), The Independent (London)/Reuters/Relaxnews (15 Mar.) - Taiwan's Far EasTone to enter Chinese retail market
Far EasTone Telecomunications, the third-biggest telecom operator in Taiwan, has acquired a stake in Data Express Infotech, a retailer based in Taiwan. The acquisition will help Far EasTone enter China's high-end retail market. The company had initially planned to establish retail outlets under the name Data Express in 13 Chinese department stores, according to Yvonne Li, president at Far EasTone. "We are considering increasing Data Express' capital to further expand our retail chain in China," she said. Focus Taiwan/CNA (15 Mar.) - Commentary: Maslow's Theory explains Indian retail sector
Ashish Bhasin, an executive at Posterscope APAC, explains how Abraham Maslow's theory of need hierarchy explains the evolution of India's retail environment. Maslow's theory is that people only feel a higher need once their current needs have been satisfied. "This is exactly what happened in the Indian retail scenario," Bhasin writes. "All of us were so used to our local dingy kirana shops that we didn't feel a higher need, until Indians started travelling abroad and saw the high end retail environment." The Economic Times (India) (16 Mar.) | Retail in Latin America | | | | | Spotlight on Luxury Goods | | | | | NRF News | | | | - Polo Ralph Lauren, Office Depot execs talk supply chain opportunities for 2011
According to logistical executives for Polo Ralph Lauren and Office Depot, multichannel retailers have quite a few opportunities this year when it comes to supply chain logistics. In two quick videos, listen as Russ LoCurto of Polo Ralph Lauren and Dennis Cohen of Office Depot share their views on where their companies will be investing time, money and resources this year to make the most of multichannel opportunities. Watch the videos.
| SmartQuote | | | |  | Our fathers had their dreams; we have ours; the generation that follows will have its own. Without dreams and phantoms man cannot exist."
--Olive Schreiner,
South African author  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
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