  | Global retail industry news |  |
- Wal-Mart, Kroger, Target top NRF's Top 100 list
The first 10 spots on the annual Top 100 retailer list done by Kantar Retail for STORES magazine hold the same names as last year in pretty much the same order, except that Sears and Best Buy swapped the ninth and 10th positions. Wal-Mart, Kroger and Target once again took the top three places, but pressures from the uncertain economy and the impact of online retail are forcing them to make changes to stay ahead. STORES magazine (05 Jul.)      - Kmart Australia's chief wants to be known for price cutting
Kmart Australia CEO Guy Russo has spent his first two years at the helm working to revamp the chain's image from promotional pricing and sales to everyday low prices. Russo has cut prices about 30% since taking over two years ago, in part by making direct deals with manufacturers in Bangladesh, China and India. The Australian (06 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. |
 | Retail in Europe |  |  | | - Waitrose to open 20 London-area convenience stores
UK retail chain Waitrose plans to open 20 Little Waitrose convenience stores in and near London by the end of next year, following the success of a test store in South Kensington that launched in January. The stores will create about 1,000 new jobs, the company said. Talking Retail (05 Jul.) - Older plus-size shoppers drive sales higher at N Brown
Older UK consumers increased their purchases of plus-size clothing from retailer N Brown, despite a 7% price increase to offset higher commodity costs earlier this year. The company operates catalog and online retail brands including JD Williams, Fashion World and Gray & Osbourn, as well as recently acquired lingerie seller Figleaves.com and plus-size menswear brand High & Mighty. The Globe and Mail (Toronto)/Financial Times (05 Jul.) - Habitat has a chance to reclaim its identity
UK furniture retailer Habitat began in the 1960s with the simple idea of providing stylish modern pieces tweaked for British sensibilities, a strategy that made a success of both the brand and now-iconic designer Terence Conran. However, growing competition from IKEA and other international rivals gradually led to more generic offerings. Now that the chain has been placed into administration, it has a chance to reclaim its lost identity, writes The Guardian's Justin McGuirk. The Guardian (London) (05 Jul.)  - Italian-style outlet center brings bargain luxury to China
At Florentia Village-Jingjin Designer Outlets, not far from Beijing, Chinese consumers are getting a taste of Italian designer products in their native setting, complete with gondoliers and even a replica of the Coliseum. Developers expect the mall's discounts of up to 70% on more than 36 brands including, Prada, Armani and Fendi, will prove attractive to consumers accustomed to China's typically higher prices. Women's Wear Daily (subscription required) (05 Jul.) - Chinese consumers do their shopping in other countries
Increasingly wealthy Chinese consumers are spending more on shopping, but many are leaving their own country and heading to the countries of origin to buy their luxury goods. Higher valuations of the yuan make their money go further abroad, and high tariffs in China make shopping at home even more expensive. China Daily (Beijing) (05 Jul.)  | Achieving Operational Efficiency: Business Solutions for Midsize Companies from SAP
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 - Netflix heads to Latin America
Netflix plans to enter Latin America and the Caribbean in the next phase of its international expansion, with movie and TV streaming subscriptions in Spanish, English and Portuguese. The company has more than 23 million global subscribers, including 800,000 in Canada after a fall debut. PaidContent.org (05 Jul.)  | O-I, makers of pure, beautiful, sustainable glass packaging, is proud to sponsor GlassIsLife.com |
 | E-commerce Spotlight | | | | | Spotlight on Luxury Goods | | | | - Saks to open its first store in Kazakhstan next year
Saks plans to open a three-floor, 91,000-square-foot department store in Almaty, Kazakhstan, next year, in a new mall that will be part of a luxury mixed-use development. The development will also include upscale residential and office condos and a five-star hotel. Fox Business (05 Jul.) - The diverse evolution of India's luxury consumers
Luxury retailers trying to capture market share among India's fast-growing group of luxury consumers may be disappointed if they don't go in understanding the country's diversity and the different motivations between consumers who grew up with wealth and the new luxury classes, this story says. "Since India is such a vast country with a diverse mix of tastes and preferences, luxury brands have to look at India-specific strategies to drive sales," said luxury retail entrepreneur Gayatri Ruia. Forbes (05 Jul.) - Louis Vuitton's fight to weed out fakes nets $2.48 million
Louis Vuitton and co-plaintiff Burberry were awarded $2.48 million in a judgment against Singga Enterprises last week, the largest award in a counterfeiting case in Canada's history. The settlement stemmed from a lawsuit filed two years ago after private investigators hired by the company went undercover as customers at Singga, part of the Vuitton's ongoing fight to weed out counterfeiters. The Globe and Mail (Toronto) (05 Jul.) | NRF News | | | |
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