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 - Insiders raise concerns about Vietnam's retail sector
Revenue from retail sales in Vietnam in the first half of 2011 is expected to be up 22.6% compared with the same period the previous year. However, Dinh Thi My Loan of the Viet Nam Retailers Association said that slippage in prices meant that the true growth rate was about 7% and could decline over the next six months. VietNamNet Bridge (12 Jul.)       | 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. |
 - Brazil withdraws support for Pao de Acucar-Carrefour deal
The Brazilian government is backing away from plans to support a deal between one of the country's major retailers, Pao de Acucar, and the local operations of Carrefour. The controversial and complex deal depended on financing from BNDES, a state development bank. "There is disappointment with the way the deal was handled ... and (Rousseff's) Cabinet has decided to withdraw government support for the (BNDES) financing," according to a government official. Reuters (11 Jul.)  | ERP & BI: When 1 + 1 = 3
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 | E-commerce Spotlight |  |  | | - Speculation mounts that China will tax online sales
China first started targeting online sales with regulations about a year ago. Then, Wuhan city officials collected millions of yuan in tax from an online clothing retailer. The moves prompted speculation that the Chinese government might tax online sales, taking away the competitive edge of Internet retailers. China Daily (Beijing) (12 Jul.) - Amazon expands MyHabit to 50 countries
Amazon said Monday its flash-fashion sale site MyHabit has begun shipping to 50 countries in Europe, Asia and the Americas. MyHabit launched in early May, as a rival to popular members-only fashion sites including Gilt Groupe and HauteLook. InternetRetailer.com (11 Jul.) | Technology Solutions | | | | - Dixons Retail and Panasonic team up on Facebook campaign
Dixons Retail, parent company of PC World and Currys, has teamed up with Panasonic to launch a "Your Moment" marketing campaign on Facebook. The campaign gives consumers the opportunity to win Panasonic products by entering their "summer moments" photographs. "Your Moments is our first foray into Facebook for Currys and PC World and we see this as a great, fun way of engaging consumers initially," said Rebecca Jackson of Dixons Retail. "Photos capture some of life's special moments and we want Your Moments to be somewhere people can discuss what makes a great moment and how best to capture it." InternetRetailing.net (11 Jul.) | Spotlight on Grocery | | | | | NRF News | | | | - Retail's next 10 years: "Turbulent, uncertain and complex"
In the midst of changing consumer preferences and demographics, retailers need to make investment decisions now to help them serve future markets. As consumer values and behaviors continue to evolve, a new peer-reviewed white paper in NRF's Retail Reference Center predicts how shoppers' attitudes and patterns of consumption will change over the next decade. Read more.
| SmartQuote | | | |  | Ask five economists and you'll get five different explanations -- six if one went to Harvard."
--Edgar R. Fiedler,
American economist  |
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