| Global retail industry news |  |
| Global Industry Watch |  |  | | - Carrefour expands reach across UAE with Ras Al Khaimah store
Carrefour's new hypermarket in Ras Al Khaimah, one of the emirates of the United Arab Emirates, covers more than 9,200 square metres in the Al Safeer Mall. "We opened our first hypermarket in Ras Al Khaimah in Manar Mall in September 2000, and since then, we have been looking to bring Carrefour choice and value to many more people across the Emirate. With the opening of the hypermarket in Al Safeer Mall, we can do just that," said Henry Changeux, GCC country head of Carrefour. Al Bawaba (Jordan) (27 Jul.)       | Maximize Your Business's Potential.
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  - David Beckham and H&M team up on new line of underwear
David Beckham has agreed to an initial two-year partnership with Hennes & Mauritz to launch a new underwear line. Beckham's bodywear is scheduled to hit shelves starting in February. "It marks the beginning of a significant relationship between H&M and David Beckham, with new Bodywear products being launched seasonally," the Swedish retailer said. The Telegraph (London) (28 Jul.)  | ERP & BI: When 1 + 1 = 3
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 - Japan's retail sales exceed forecasts by rising in June
Retail sales in Japan increased 1.1% in June compared with the same month the previous year, according to the Trade Ministry. Most economists had expected a decline as the country's economy continues to rebound from the plunge following the March 11 earthquake and tsunami. "We're beginning to see fewer signs for concern," said Noriaki Matsuoka, an economist at Daiwa Asset Management Co. "Japan's consumers are coming back." Bloomberg (28 Jul.), BBC (28 Jul.) - Shoppers Stop to explore partnerships once FDI is allowed
With India moving toward allowing foreign direct investment in multi-brand retail, Shoppers Stop is eager to explore partnership opportunities. "Once the rules on FDI are clear there is a possibility of a joint venture or a strategic alliance, especially on the food side. On the apparel side we are not interested," said Govind Shrikhande, an executive at Shoppers Stop. The Economic Times (India) (28 Jul.)  - Consultancy: South America seen as next retail frontier
A.T. Kearney, a management consulting firm, released a report that shows South America has made the largest gains in retail development in a ranking of the top emerging nations. "The region is ready for that next wave of modern retail growth," said Hana Ben-Shabat, partner at A.T. Kearney. "It makes sense to invest in brands in those markets because you're going to have some large percentage of consumers who are young today and who are going to grow with the brand into the long-term." Bloomberg (27 Jul.)  | E-commerce Spotlight | | | | | Spotlight on Consumer Electronics | | | | - Dick Smith's new format stores help drive sales
Dick Smith's parent company, Woolworths Limited, recently announced its quarterly sales results, noting an increase in its consumer electronic sales in Australia. "This result reflects the continued roll out of our new refreshed Dick Smith offer which has driven market share growth in key categories. The new format Dick Smith stores continue to grow sales at a greater rate than the older format stores," the company said. Current.com.au (Australia) (21 Jul.) | NRF News | | | | - How to develop retail management superstars
Looking to engage new sales managers or deepen retail management principles for retail managers? NRF University wired, the NRF Foundation's eLearning platform, offers a series of online retail management courses designed to provide a basic overview of retail industry concepts and processes as well as an understanding of the accountability required as a retail manager. These industry-developed courses can be taken individually or as a series, depending upon training needs. Learn more.
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