  | Global retail industry news |  |
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 - Versace becomes latest fashion label to design for H&M
Hennes & Mauritz has confirmed that Versace will develop a capsule collection for the Swedish fashion retailer. "Versace is one of the most important brands of recent times, and their collection for H&M will be glamorous and flamboyant -- everything Versace stands for," said Margareta van den Bosch, creative adviser at H&M. "Donatella Versace is sharing with us iconic designs from the archives. This is such a celebratory collaboration and it is perfect for the party season." Telegraph (London) (21 Jun.)       - Carrefour faces angry investors and unions at annual meeting
Carrefour held its annual meeting today at which shareholders and trade unions voiced their frustrations with the French retailing giant. Investors claim that Carrefour is not acting in their best interests, while trade unions are unhappy with the plan to spin off its discount unit Dia. Reuters (21 Jun.)  | Let Social Media Find Your Staff For You
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 - China's Suning has global ambitions
Suning Appliance is planning to bolster online sales, open more outlets and expand into more overseas markets, according to the retailer's executives. "Suning's goal for the next 10 years is to become an international, world-class enterprise. During the next 10 years, we will invest more effort in overseas expansion and compete on a worldwide scale, which will bring us bigger challenges," said Zhang Jindong, president at Suning. China Daily (Beijing) (21 Jun.) - Wal-Mart CEO in Japan departs for personal reasons
Wal-Mart Stores suffered another departure of a high-ranking international executive as Toru Noda, CEO in Japan, resigned. Steve Dacus, Wal-Mart's chief operating officer in Japan, will succeed Noda as president and CEO. A few weeks ago, several top executives left Wal-Mart's China operations. Reuters (20 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. |
 - La Polar's interim president resigns amid credit scandal
Heriberto Urzua, the interim president of Chile's La Polar, said that he is leaving the troubled retailer due to its customer credit scandal. "There is a deep crisis in the company, which has revealed practices against its own policies," Urzua said. "This is the result of a fraud." Reuters (20 Jun.)  | Need to target and attract the best candidates to help build your business quickly and conveniently? Monster's Recruitment Solutions like Career Ad Network, TargetPost and Power Resume Search help provide the tools you need to find the right person to represent your company. |
 | E-commerce Spotlight |  | | | - Chinese online retailer Dangdang sees "fast growth," executive says
Peggy Yu Yu, co-founder and executive chairwoman at Dangdang, said the Chinese e-commerce giant is experiencing rapid growth. "In the last couple of weeks all the stocks from China have fallen off 40 percent, 50 percent," Yu Yu said. "The performance of the stock deviates from what's going on in the reality in companies like Dangdang." The online retailer launched an initial public offering in December. CNBC (20 Jun.) | Spotlight on Grocery | | | | - Study suggests growth in online grocery retailing might not last
Ocado, Tesco, Asda and other retailers in the UK that offer online grocery shopping are considered to be some of the most sophisticated in the world. Their sales have been increasing at an impressive rate in recent years as they offer a new convenience to consumers. However, a study by Kingston University researchers suggests that their fortunes could be fleeting. Telegraph (London) (21 Jun.) - Asda COO departs after six months
Asda's chief operating officer, Simon King, has left the company after less than six months on the job. Asda did not provide a reason for the departure. King joined the Walmart-owned grocery in January, and before that was CEO of Panda Retail, a subsidiary of Savola Group. The Independent (London) (20 Jun.) | NRF News | | | | - Pizza Hut CIO talks mobile customer service and satisfaction
Mobile has become one of the key drivers for customer engagement and satisfaction for Pizza Hut. As one of the early adopters in retail, Pizza Hut CIO Baron Concors will discuss the company's mobile strategy at NRFtech 2011: IT Leadership Summit, Aug. 14-16 in Lake Tahoe, Nev. Learn more.
| SmartQuote | | | |  | When a gifted team dedicates itself to unselfish trust and combines instinct with boldness and effort, it is ready to climb."
--Pat Riley,
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