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| Global retail industry news |  |
| Global Industry Watch |  |  | | - Lulu chain continues expansion drive in UAE
The Lulu hypermarket chain is planning to open its 55th store in the United Arab Emirates as it continues its expansion there as well as in other Arab nations. Yousuf Ali, director at Lulu, said the global financial crisis has not affected the retailer's operations in the region. "We aim for 17% growth in business this year after opening 20 new branches in the UAE and other countries during 2009-2010," Ali said. Emirates Business 24/7 (United Arab Emirates) (04 Aug.)       | The Business Gold Rewards Card® from American Express OPEN
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  - Delhaize misses expectations with quarterly operating profit
Delhaize, the Belgian supermarket group, reported quarterly operating profit of €209 million, which was under analysts' expectations. "Consumers have less to spend and are aware of special offers, and this in a period when retailers would have to increase their prices to pass on inflation. It is still a negative situation for most retailers," said Patrick Roquas, an analyst at Rabobank International. "They are doing the right things, but it's very tough at the moment." Reuters (05 Aug.)  | Let Social Media Find Your Staff For You
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 - Vietnam continues to attract international retailers
Vietnam's market attractiveness might have been downgraded by A.T. Kearney Consultancy Group, but the country remains an attractive place for foreign retailers. South Korea's E-Mart, for example, has increased its presence through a joint venture with U&I Group. Japan's AEON retail group is also planning to make inroads into the Vietnam market. VietNamNet Bridge (04 Aug.)  - Singaporean publisher launches online bookstore for Asia
Singapore's Times Publishing Group launched NoQ Store, an online bookstore that aims to become the Amazon of Asia. The website stocks only print books but might add e-books if issues of international publishing rights are resolved and more content becomes available, an executive said. ZDNet (Asia) (03 Aug.)  | Don’t miss DMA2011— The Global Event for Real-Time Marketers. You’ll hear thousands of practitioners and experts discuss solutions and best practices to achieve optimal channel mix and integration that lead to measurable results and increase real-time customer engagement. Save an extra $300 when you register now with Keycode SMB3. |
 | Spotlight on Fashion | | | | - Debenhams to sell copy of dress Pippa wore to royal wedding
Customer demand has prompted Debenhams to produce a copy of the Alexander McQueen dress that Pippa Middleton wore at the royal wedding. "The ivory dress worn by Pippa is the most requested by far," said Alain Mehada, chief personal shopper at the retailer's Oxford Street store. Debenham's £170 version will be offered later this year. The Telegraph (London) (04 Aug.) | NRF News | | | | - The data you need to expand internationally
Retailers considering international expansion have a wealth of statistical information right at their fingertips with the Forum for International Retail Association Executives' industry data page. The industry data, sorted by country, provides economic statistics from retail environments worldwide. Researching new economic frontiers is only a click away! Learn more.
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German-American political theorist  |
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