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| Global retail industry news |  |
- New Zealand's Briscoes says consumers have shifted toward saving
Executives at the New Zealand retail chain Briscoes Group said they have seen consumer behaviour shift toward increased saving and are concerned that the government's budget will spur the trend. "The impact of today's budget is difficult to predict, particularly the impact on consumers' behaviour in the face of anticipated cuts in Government spending and changes to KiwiSaver and Working for Families, but there must be belt-tightening implications for us all as New Zealand faces such a huge operating deficit," said Rosanne Meo, chairman at Briscoes. Stuff (New Zealand) (20 May.), Inside Retailing Online (20 May.)       - UAE retailer to open concessions in Carrefour stores in Emirates
Carrefour and CompuMe i2 have struck a deal in which the UAE-based electronics and IT retailer will provide concessions in the French retailing giant's convenience outlets in the Emirates. "It is important to continue to consolidate our presence in key markets by establishing strategic partnerships and expanding to high-growth markets," said Dikran Tchablakian, chief executive officer at CompuMe i2. The retailer currently has similar shops in Virgin Megastores throughout the UAE. The National (Abu Dhabi, United Arab Emirates) (19 May.) - Namibia may appeal court ruling in Wal-Mart's favour
Namibia's Competition Commission said it is considering appealing a high court ruling that approved Wal-Mart's takeover of Massmart's operations in the country. "The commission is considering lodging an appeal against the judgment and has referred the matter to its legal team for analysis and specific determination," said Lucius Murorua, chairman of the antitrust entity. Business Day (South Africa) (19 May.)  | Learn about the top insurance risks manufacturers face today with Zurich's Virtual Consulting tool. Sign up for FREE access today! |
 - Richemont says sales up in all regions, led by Asia-Pacific
Richemont, the second-largest luxury goods firm in the world, said annual profits and sales surged on increased demand for its watches and jewellery. Sales were particularly strong in the Asia-Pacific region, the Swiss group said. Meanwhile, Net-a-Porter, which Richemont acquired a little more than a year ago, "generated a positive cashflow and performed above plan." The Independent (London) (20 May.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a FREE whitepaper. |
 - Thai retailers split on government's price controls
Some major retailers in Thailand argue that product price controls distort the market and cause issues for consumers once price limits end. They are calling on the country's next government to stop the practice. However, other retail insiders say that the price controls are helpful to consumers. Bangkok Post (Thailand) (20 May.)  | Get the Information That Leads to Higher Sales
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 - Waterstone's and Amazon tout sales of ebooks
Waterstone's and Amazon are both reporting increases in their sales of ebooks. Waterstone's said ebooks are now outselling hardback books by a margin of four to one. "It doesn't really surprise us as we've been quite established as ebook sellers for some two and a half years now," said John Howells, a spokesman for Waterstone's. At Amazon, ebooks are outselling both paperbacks and hardbacks. The Guardian (London) (19 May.)  | Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now. |
 | Technology Solutions |  | | | - UK shoppers can use phones to make "contactless," in-store payments
A new "contactless" payment system is enabling consumers in Britain to make purchases using their mobile phones. Jason Reese of Orange said that mobile payments are better than contactless debt and credit cards. "You can now check your balance on your mobile phone's screen and see how much you are spending, which you cannot immediately do when touching your debit or credit card on contactless readers," he said. "Feedback from the trials we have done are overwhelmingly positive, with two thirds of triallists wanting to take up the service." The Guardian (London) (20 May.) | Spotlight on Fashion | | | | | NRF News | | | | - E-mail and SEO: The ROI superstars
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