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| Global retail industry news |  |
- Metro ramps up investment in online, emerging markets
Metro, one of the largest retailers in the world, exceeded profit forecasts for 2010 by reducing expenses in struggling European markets. Now, the German company plans to bolster its investment in its online operations and fast-growing emerging markets. The company plans to open more than 110 new outlets this year, mostly in India, China and Russia. ForexYard/Reuters (22 Mar.), Bloomberg (22 Mar.)        - Russia's Euroset plans flotation on London Stock Exchange
Euroset Holding, the largest mobile-phone retailer in Russia, is planning to sell shares on the London Stock Exchange despite less than ideal market conditions. Euroset's flotation, which is aimed at raising $140 million, is planned for April, a source said. Investment banks have valued the company as high as $4.9 billion, sources said. The Wall Street Journal (22 Mar.)  | Keep business cards and notes together — Everyone has experienced the frustration of returning from a meeting, trade show,
or event with a pocketful of random business cards and mismatched scribbled notes. The Contact Keeper family of products solves that problem and will keep you organized and productive.
Visit contactkeeper.com to learn more. |
 | Retail in Asia |  | | | - Shoppers Stop strives to cope with proposed levy on apparel
Retailers in India are already struggling with increased expenses, including a significant jump in the price of cotton, and now the government has proposed a 10% levy on branded apparel. Shoppers Stop is now trying to determine how to deal with the situation. Hiking prices could affect sales volume while absorbing some of the expenses would put increased pressure on the company's already thin margins. LiveMint.com/The Wall Street Journal (India) (21 Mar.) | Technology Solutions | | | | - High-tech phones help give rise to the digital receipt
Digital receipts have gained momentum as the use of mobile technology grows and businesses and shoppers find them more convenient, cost-effective and environmentally friendly. Avis and Marriott are among the companies leading the charge. "It seems more convenient to whip out your smart phone. You don't have to rifle through your purse looking for a receipt," said shopper Leigh Eigel. The Atlanta Journal-Constitution (20 Mar.) | Spotlight on Grocery | | | | | NRF News | | | |
| SmartQuote | | | |  | Moral responsibility is not just a matter of avoiding harm to others; it also means helping people in need."
--Michael Nedelsky,
American educator  |
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