  | Global retail industry news |  |
- Australian retail experts win as India's retail grows
Retail is flourishing in India, and the accompanying demand for trained managers will pay off for retail experts in Australia who have contracted to train management-level workers under a sister-city agreement. "The freeing up of the trade agreement allowing international brand retailers to operate in India has seen a proliferation of shopping malls and retail outlets with staff with very limited skills," said Australian Retail College director Sue Freeman. The Sydney Morning Herald (Australia) (08 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. |
 - UK retail chains closed 4,000 stores in first half of 2011
Chain retailers in the UK were closing stores at the rate of about 20 per day in the first five months of the year amid an ongoing consumer-spending slump, leading to a retail vacancy rate of 14.5%, according to new research. Specialty apparel, shoes and jewellers were hardest hit, while supermarkets, coffee shops and pawn shops fared better. The Guardian (London) (08 Jul.) - Irish government urges frugal consumers to shop
Ireland's Finance Minister lowered the country's sales tax, and his office is urging consumers to spend on big-ticket items including refrigerators and clothes dryers to help spark an economic recovery. It's an uphill battle among a newly frugal population that's focused on paying down debt and living within their means. Bloomberg (07 Jul.)  | Let Social Media Find Your Staff For You
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 | Retail in Asia |  |  | | - Shanghai works to become top global commerce center
Shanghai has been a major shopping destination since the 1990s, but that position is changing as popular brands become more widely available online and in brick-and-mortar stores in other cities. Now, officials are working now to raise the city's profile as a top international commerce center by 2015. China Daily (Beijing) (07 Jul.)  | Retail in Latin America | | | | | E-commerce Spotlight | | | | - China's Yihaodian may choose US market for IPO
China's online supermarket Yihaodian may choose US markets when it's time to go public, said Chairman Yu Gang, a former Dell and Amazon executive who founded the company in 2008. Earlier this year, Wal-Mart agreed to acquire a stake in the company, which plans to add 1,000 workers and open a fifth fulfillment center this year as it works to outpace rivals including Alibaba's Taobao. Bloomberg Businessweek (07 Jul.) | Spotlight on Fashion | | | | - Paris shows signal a start to couture's recovery
Couture fans moved away from one-of-a-kind fashions to upscale off-the-rack designs in recent years, resulting in a drought for designers who are now seeing signs of a couture comeback. Designers including Giambattista Valli and Alexandre Vauthier are showing off their latest collections in Paris this week to European, US and Asian fashion fans who have begun spending on high fashion again. The Wall Street Journal (tiered subscription model) (07 Jul.) | NRF News | | | | - ARTS announces release of new Digital Receipts Standard
NRF's Association for Retail Technology Standards has announced the release of Version 2 of its Digital Receipts Standard. The ARTS Digital Receipt Committee involves retail technology experts from various members including CellPoint Mobile, Escalate Retail, IBM, Lowe's, NCR, Sasktel Labs, Third Solutions, Trevarian, Verizon Business, ViVOtech and Wincor-Nixdorf, which participated in development of the standard. Read more.
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