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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - South Africa's Pepkor aims to expand into Nigeria
Pepkor, the largest clothing company in South Africa, is planning to open an outlet in Nigeria as international retailers make their way into Africa. "Africa is awakening," said Pepkor Chairman Christo Wiese said. "It's a huge market of almost a billion people with huge resources and a young population. People spend when they're young." Bloomberg (12 Aug.)      - Australian consumers could face higher prices, Choice says
Choice, the consumer advocacy group, says that shoppers in Australia could see higher prices for produce, fashion and other purchases because of a change in Eftpos transaction fees. Eftpos Payments Australia is preparing to shift the interchange fees to retailers' banks from consumers' banks. "Some retailers, potentially the small retailers who are less able to absorb the cost, may pass that fee on to the consumer, but we won't know until this comes into play," said Ingrid Just, a spokeswoman for Choice. The Australian (15 Aug.)  | Maximize Your Business's Potential.
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  - H&M reports 6% drop in like-for-like July sales
Hennes & Mauritz saw its July like-for-like sales drop 6%, hit by weak consumer sentiment in Europe. The figure represented the largest monthly sales decline for H&M in more than a year. "Comparatives are tough while economic conditions are tough across Europe -- and will perhaps get worse," said Anne Critchlow, an analyst at Societe Generale, who noted that the data was disappointing. Reuters (15 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. |
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 | Spotlight on Mass Merchandise | | | | - Wal-Mart aims to expand presence in Brazil
Wal-Mart is looking into a potential bid for the Brazilian division of Carrefour, sources said. However, the US-based retailing giant faces significant challenges in its bid to expand in Brazil. Financial Times (tiered subscription model) (14 Aug.) | NRF News | | | | - U.S. retail sales for July increase as consumers show resilience
Despite concerns that consumers would begin pulling back on their spending, the back-to-school season started with a bang as U.S. consumers hit the stores in July to take advantage of promotions on apparel, electronics and school supplies. Retail industry sales in July increased 0.3 percent seasonally adjusted from the previous month and 4.0 percent unadjusted year-over-year, according to NRF. "July retail sales make one important point clear -- it's very hard to ignore the resilience of the American consumer," said NRF Chief Economist Jack Kleinhenz. Read more.
| SmartQuote | | | |  | Inspiration usually comes during work, rather than before it."
--Madeleine L'Engle,
American writer  |
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