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  - Home Retail CEO dismisses calls for change in Argos' strategy
Terry Duddy, chief executive officer at Home Retail, said that the company has investigated the significant decline in sales at its Argos stores, but has determined that its strategy is sound and it will not shut down any stores. "There were no eurekas ... It was a full and hard check. It was a hard reflection of where we were and it tells us that we believe that actually our strategy's right," Duddy said. Reuters (28 Sep.)      - H&M beats analysts' estimates with quarterly earnings
Hennes & Mauritz reported a 17% drop in third-quarter profit, although it beat analysts' forecasts. "Gross margin is a relief," said Jan Meijer, an analyst at ING Commercial Banking. "The market was worried that H&M margins would be impacted heavily by higher cotton prices and wages in Asia." Bloomberg (29 Sep.)  | Logistics is much more than the movement of goods and services. It's also your pre-game strategy. Before you step on the court, you need the right players running the right plays at the right time. Learn more about those key plays in this free whitepaper from UPS and get in the game of logistics. |
 - Jimmy Choo plans to expand presence in China
Jimmy Choo, the luxury UK shoe brand, is striving to tap into demand for luxury goods in China by opening at least 50 new stores there over the next five years. Tamara Mellon, founder and chief creative officer at Jimmy Choo, said the 50-store estimate is "conservative." "I've been looking at real estate only today. China has all the glossy fashion magazines now and Chinese women are highly sophisticated. They want to buy luxuries, but they are also very 'fashion forward,'" she said. The Telegraph (London) (28 Sep.)  - People with e-commerce skills in demand in retail world
Online retail sales continue to account for a small percentage of total sales, but the area is growing and causing increased demand for job candidates with e-commerce skills, experts say. "More and more companies are doing business online," said Paul McElhone, director of the University of Alberta School of Retailing. "They're not only helping to take over a social media or e-commerce role in a company, they're actually educating the company on how important this is and what it should look like." The Gazette (Montreal)/Postmedia News (tiered subscription model) (27 Sep.)   | Improve Holiday Sales Results with Tools from Akamai!
Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never to soon to focus. Download Akamai's Holiday Toolkit now! |
 | Spotlight on Consumer Electronics | |  | | |  | - Gome's plans to set up property venture drive down shares
Gome Electrical Appliances Holding shares dropped 11% in Hong Kong trading after the electronics retailer announced that it is planning to establish a property venture with its jailed founder. "Investors prefer Gome's management to focus on its existing retail business," said Ben Kwong, chief operating officer at KGI Asia. "A deviation from its core business to the property sector brings uncertainties to the company's prospects." Bloomberg Businessweek (28 Sep.)  | Health care reform got you down? Learn more from UnitedHealthcare on how the federal changes to medical benefits will affect you and your employees. This guide highlights incentives for enrollment and a timeline of important dates and deadlines. Don't let them pass you by—Learn more here! |
 | NRF News | | | | - NRF backs quicker visas for foreign shoppers
US retailers could see a significant economic boost under legislation unveiled this week that would ease delays in the visa application process for Chinese, Indian and Brazilian citizens who want to shop in the United States. "Visitors from these rapidly developing countries are consumers who shop like it's Black Friday, but because their wait time for a visa has become intolerably long, they're taking their money elsewhere," NRF Senior Vice President for Government Relations David French said. "This legislation would bring tourists back to the U.S. to shop." Read more.
| SmartQuote | | | |  | Where one conviction is lacking, a thousand opinions will do -- indeed they become a necessary recourse."
--Roger Lowenstein,
American financial journalist  |
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