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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - SA ministers aim to tighten conditions on Wal-Mart deal
South African ministers want a "binding commitment" from Wal-Mart Stores that its acquisition of Massmart Holdings won't lead to a "massive reduction in jobs, compromise South Africa's food security and decimate local production." The authorities are aiming to tighten antitrust conditions imposed on the deal. Bloomberg (02 Aug.)       | The Business Platinum Card® from American Express OPEN
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  - UK fashion retailer Next maintains full-year profit forecast
Next, the fashion retailer with more than 500 stores in Britain and Ireland, showed resilience against the tough trading environment by reporting sales for the first six months of the year that were at the top end of its guidance. The company's online and home-shopping operations helped bolster sales. Reuters (03 Aug.) - Carpetright CEO expects tough market to continue
Carpetright posted a slight decline in like-for-like sales and warned that trading conditions likely will remain difficult. "I see no respite from the challenging environment over the next year," said Lord Harris of Peckham, chairman and CEO. The retailer offered deep discounts to buoy results after a 6.3% drop in like-for-like sales during the previous quarter. The Independent (London) (03 Aug.), Reuters (02 Aug.)  | Privacy & Online Behavioral Advertising: What's Next?
Join a thought-provoking discussion with the FTC, Forbes.com, DAA, and TRUSTe focusing on how pieces of the privacy puzzle — self-regulation, browser features, Do Not Track, legislation and enforcement — fit together and their implications. A must-attend event for advertisers and compliance leads. Learn more |
 - Convenience Retail Asia reports 35% surge in H1 profit
Convenience Retail Asia Limited reported HKD78.018 million in profit in the first half of 2011, a 35.25% increase over the same period the previous year. The company, which operates Circle K convenience stores and other shops on the Chinese mainland and in Hong Kong, said it plans to be vigilant in tracking market trends and will cut costs where necessary. ChinaRetailNews.com (03 Aug.)  | As eCommerce has grown to represent a significant percentage of retail sales and profits, merchants should consider payment strategies that can enhance their online services, open new markets and protect the bottom line. Download this free white paper to learn more. |
 - Casino complains to Brazilian regulator about Pao de Acucar
France's Casino Guichard-Perrachon filed a complaint with Brazil's securities regulator against Cia. Brasileira de Distribuicao Grupo Pao de Acucar, one of the country's largest retailers. The regulatory filing didn't include details of Casino's claim, but the French retailer had opposed a proposed merger between Pao de Acucar and Carrefour. Bloomberg (02 Aug.)  | E-commerce Spotlight | | | | - Canadians head online for back-to-school shopping
MasterCard and Visa conducted separate studies that found a large percentage of Canadians opting to shop online for back-to-school purchases rather than braving the crowds. The Visa survey found that 54% of Canadian shoppers will shop online to find less expensive products, while 38% hit the Internet because it's more convenient and faster. Toronto Sun (02 Aug.) | Spotlight on Luxury Goods | | | | - Coach to peddle its luxury handbags in Winnipeg
Luxury retailer Coach is poised to become the latest US brand to open in Winnipeg. "It's a great boost for us as well as the city that these types of prestigious tenants are enthused about the Winnipeg market," said Patti Page, retail manager at Polo Park Shopping Centre, where the Coach store will be located. "We believe there is a pent-up demand in Winnipeg for affordable luxury brands like Coach, and they will really complement our mix of fashion retailers at Polo Park." Winnipeg Free Press (Manitoba) (03 Aug.) | NRF News | | | | - 10 simple site tweaks to reduce shopping cart abandonment
With average online shopping cart abandonment rates 40% to 50%, converting these lost sales can substantially improve a retailer's bottom line. At Shop.org's Online Merchandising Workshop, Eight by Eight CEO Amy Africa shared ten simple site tweaks that can convert on-the-fence shoppers. Tip #6? Quit asking pointless questions. Read more.
| SmartQuote | | | |  | I've made an odd discovery. Every time I talk to a savant I feel quite sure that happiness is no longer a possibility. Yet when I talk with my gardener, I'm convinced of the opposite."
--Bertrand Russell,
British philosopher and mathematician  |
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