  | Global retail industry news |  |
- Experts split over state of UAE retail sector
The retail market in the United Arab Emirates has surged over the past five years. Euromonitor reports total sales in UAE have increased 50% to $19.75 billion. Experts, however, are split about whether the retail sector is continuing to soar or just struggling along. "Within retailing, different channels are performing differently, with supermarkets and hypermarkets registering healthy growth, while channels such as jewellers and independent small grocers are faring badly and registering negative growth," said Sana Toukan, a research manager at Euromonitor. The National (Abu Dhabi, United Arab Emirates) (05 Jun.)        | If you post something on your brand's Facebook page your fans see it, right? Wrong. What you don't know about Facebook's post ranking system can hurt your social branding efforts. EdgeRank is the way that Facebook grades the relevancy of your posts to your fans. Cut through the mystery of Facebook's EdgeRank - download the White Paper now. |
 - HMV reportedly about to sign 2-year refinancing deal
Simon Fox, chief executive officer at HMV, is negotiating terms of a new £201 million loan package with Lloyds Banking Group, Royal Bank of Scotland and other lenders, according to The Sunday Times. The deal is expected to be signed soon. HMV's sale of Waterstone's book chain is said to have persuaded the banking syndicate to extend the loan. Reuters (05 Jun.) - Andy Roddick teams up with France's Lacoste on clothing line
Andy Roddick, the American tennis star, is developing a sportswear line with Lacoste, the French apparel company. "On the tour, we practically live out of a suitcase," Roddick said. "When packing, function will always win over style, which is why I am so impressed with this new collection." Roddick has had a multi-year endorsement agreement with Lacoste. United Press International (03 Jun.)  | 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. |
 - Indian footwear retailer Bata faces new challenges
Bata, the biggest footwear retailer in India, faces unexpected competition from clothing retailers as well as the challenge of inexpensive imports. Moving forward, "there will be significant challenges which the company will have to face with the entry of multinationals. There will be stiff competition from manufacturers in China, Indonesia, Thailand, Vietnam and Brazil because their products are more competitive," according to P M Sinha, chairman of Bata. DNA (India) (06 Jun.)  | How do you stay ahead of the curve and remain in the black while consumers continue to be frugal in these difficult times? Find out how product lifecycle management solutions are helping manufacturers maximize production efficiencies, reduce time to market, and solve design and production problems before they reach the prototype stage. |
 - Survey: UK shoppers rate Amazon as most-trusted site
Amazon is the most trusted and most often used shopping site among UK consumers, winning about one-fifth of all online shopping visits, according to a new survey from Verdict Research. EBay and Tesco came in second and third respectively, and the survey found that Amazon is particularly popular with consumers who make smaller purchases on a regular basis. ShopSafe.co.uk (U.K.) (06 Jun.)  | FedEx SmartPost Returns is an ideal way for businesses with over 100 daily returns to provide a convenient returns method for low-weight residential packages. It's a cost-effective, reliable solution that utilizes the strength of the FedEx® network and the U.S. Postal Service®. Learn more.
The U.S. Postal Service and USPS are registered trademarks of the United States Postal Service |
 | Technology Solutions |  | | | - Hacking incidents reveal challenges in smartphone payments
Using smartphones to make payments could be great for retailers, but they open up consumers to a variety of issues. For example, smartphone applications often feature a one-click payment facility, which can cut down on the time it takes to make a purchase, but it can also lead to multiple orders. Hacking incidents in the gaming industry also highlight challenges faced by mobile payments. News.com.au (Australia) (06 Jun.) | Spotlight on Mass Merchandise | | | | - IKEA plans new furniture range for British tastes
IKEA has transformed the way many British homes look over the past 20-plus years. Now, Martin Hansson, chief executive officer at IKEA UK, is striving to make the stores "feel more British." IKEA is striving to broaden its appeal in the UK by offering furniture that suit Brits' tastes and close quarters. "People are furnishing some of the smallest living spaces in Europe," Hansson said. "The average house has 85 square metres of floorspace and in new builds it's just 76 square metres." The Guardian (London) (05 Jun.) | NRF News | | | | - Are shoppers really ready for social commerce?
Shoppers may be tweeting and Facebooking for hours throughout the day -- but are they ready to buy through social interfaces? A joint research project by Shop.org, comScore and Social Shopping Labs, asked consumers exactly that. The study, conducted in April, outlines how consumers are interacting with retailers in the online social space and what they really want from retailers' Facebook pages and addresses the awareness and popularity of group-buying sites. Read more.
| SmartQuote | | | |  | You don't have to buy from anyone. You don't have to work at any particular job. You don't have to participate in any given relationship. You can choose."
--Harry Browne,
American libertarian writer, politician and investment analyst  |
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