  | Global retail industry news |  |
- Massmart works to identify potential sites in Nigeria: Grant Pattison, CEO at Massmart, said that the South African retailer is moving forward with plans to expand in Nigeria and has made "good progress" at identifying possible retail sites. Pattison said Massmart is also considering expanding in Senegal, Angola and the Democratic Republic of Congo. Reuters (31 May.)
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 - Knight Vinke opposes Carrefour's plan to sell assets
Knight Vinke Asset Management, which owns roughly 10 million shares in Carrefour, is voicing opposition to the French retailer's strategy for selling non-European assets and is encouraging the management to concentrate on enhancing its business. "The sale of Carrefour's non-European activities, one by one, in an isolated manner, wouldn't seem to us to be the good solution," Knight Vinke said in a letter to Carrefour. Bloomberg (31 May.)  | Want the Secret to Customer Loyalty?
When it comes to customer loyalty, leaders beat laggards by more than 14 percent. Download the white paper Increase Customer Satisfaction with Productivity-Based Scheduling to learn how scheduling the right employees at the right times will make your customers want to buy more, recommend you, and stay in your store. |
 - Uniqlo expects sales boost as Japanese consumers seek lighter clothing
Rising temperatures in Japan and pressure to conserve power by keeping air conditioners on low are expected to bolster demand for lighter clothing, and Fast Retailing's Uniqlo is preparing to capitalise. "(The power shortage) is a huge opportunity for the apparel industry. People are changing the way they dress not just at work but at home as well," according to Fast Retailing Group Executive Naoki Otama. "Summer wear sales usually start rising in June, but this year they have been outpacing spring wear since the end of April." Reuters (31 May.)  | Utilize the Zurich Enterprise Risk Management Healthcheck assessment tool to get a better understanding of your current ERM strategy with recommendations for improvement. Sign up for FREE access today! |
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 | E-commerce Spotlight |  | | | - China opens up online retailing to more firms
China's central bank has issued licenses to 27 non-financial companies to run payment businesses in a move that opens the country's online retailing sector to more firms. However, the deadline for obtaining a license is Sept. 1. Alipay.com, 99bill.com and Tenpay.com are among the firms that have been granted licenses. ChinaRetailNews.com (31 May.) | Spotlight on Luxury Goods | | | | | NRF News | | | | - Learn best practices for mobile retail with NRF's Mobile Retailing Blueprint
NRF has released the second version of its Mobile Retailing Blueprint, a free resource that educates retailers on best practices for leveraging mobile to enhance customer marketing, e-commerce and store operations. The blueprint features a special section on implementation planning and technology and also explains multiple secure mobile payment processes that can provide customer convenience and lower processing costs. Download the Blueprint.
| SmartQuote | | | |  | Beware of over-great pleasure in being popular or even beloved."
--Margaret Fuller,
journalist and women's rights advocate  |
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