| Global retail industry news |  |
| Global Industry Watch |  |  | | - Williams-Sonoma plans to enter UK next year
US-based Williams-Sonoma has appointed a retail property agent in Britain as it takes steps toward entering the UK next year. The gourmet cookware and home furnishings chain would prefer to make its UK debut in London. CB2, another American home furnishing chain, is also looking at the UK. The Independent (London) (29 Jul.), Reuters (29 Jul.)       | The Business Platinum Card® from American Express OPEN
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  - UK poised to drop about half of retail regulations
UK Business Secretary Vince Cable is throwing out 130 of 257 retail regulations, including a requirement that licences are needed to sell fly spray, household bleach and liqueur-filled chocolates. Britain is also merging the 20 separate regulations related to age verification into one simpler rule. The Telegraph (London) (28 Jul.)  - Taiwanese brands need to understand Chinese market, insider says
Eric Lin, chairman at the children's apparel retailer Les Enphants, said that in order to successfully enter the Chinese market, Taiwanese brands must have a firm understanding of the regional differences. Lin said the differences can make it seem like China is actually several different markets. Focus Taiwan (28 Jul.)  | Get the Information That Leads to Higher Sales
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 - Chile's La Polar goes to court to sidestep bankruptcy
Empresas La Polar is planning to seeking to renegotiate repayments to its creditors in an effort to avoid bankruptcy. The Chilean retailer's board agreed to file a preventative judicial agreement, which requires creditor support. "We took this decision due to the difficulty of reaching unanimity with creditors, a task that would take too long," said Chairman Cesar Barros. "Also, we seek to wrest unjust veto powers from some of them that would have led us to defend the company from requests to declare bankruptcy." Bloomberg (29 Jul.)  | E-commerce Spotlight | | | | - Analysis: Young Australian shoppers head online
Australia's traditional retailers are experiencing a loss of business as young shoppers spend A$4.2 billion annually with foreign online merchants. The high Australian dollar is expected to help spur the trend. Meanwhile, the government indicated that it is not going to lower the threshold at which online goods start being taxed. The Sydney Morning Herald (Australia) (29 Jul.) | Spotlight on Fashion | | | | - Harrods to sell Tom Ford womenswear collections
Tom Ford has expanded into Britain, offering his womenswear collections at a luxurious boutique space inside Harrods. "The entire collection is stunning, having the ability to render living creatures momentarily breathless," said Marigay McKee, fashion and beauty director at Harrods. "Tom Ford is a true visionary, the master of creating glamorous lust-after pieces which are effortlessly chic." The Telegraph (London) (27 Jul.) | NRF News | | | | - NCCR welcomes OSI Restaurant Partners as newest member
The National Council of Chain Restaurants, NRF's restaurant division, has announced that OSI Restaurant Partners, one of the largest casual dining restaurant companies in the world, has become its newest member. OSI owns and operates Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, and Roy's Hawaiian Fusion Cuisine. The company has 95,000 employees at 1,470 locations in 49 U.S. states and 24 countries around the world. Read more.
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