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 Global retail industry news |  | - Brand Directions rescues Brown Sugar from administration
Brand Directions has purchased Brown Sugar, the collapsed fashion retailer, rescuing it from administration and providing hope for the struggling retail and apparel sectors. Sal Algeri, a partner at Deloitte, said that all 16 Brown Sugar stores will remain open. "Brand Directions has also indicated that it is considering re-opening some stores that have already closed and re-hiring a number of staff who lost their jobs as a result," Algeri said. SmartCompany.com.au (Australia) (05 Oct.)  | Let Social Media Find Your Staff For You Give your hiring managers fast, easy access to quality employees by pairing social media with automated recruitment solutions that use Web 2.0 functionality. Download the white paper Automating Social Recruiting for Better Hiring and see how 85 percent of best-in-class companies save money with automation. |
- Earnings reports from UK retailers expected to show difficulties
Tesco and J Sainsbury are poised to release earnings reports that analysts expect will reflect a squeeze on the disposable income of British consumers. Tesco's results, however, are expected to be buoyed by its expansion into Asian markets and by gains at Fresh & Easy, its US chain. Reuters (04 Oct.) - ALDI's results show consumers return to discounters: The German discount supermarket ALDI has seen a 25% rise in sales in the past quarter while Tesco loses market share. ALDI emerged during the recession as shoppers left mainstream stores looking for bargains, triggered the so-called "ALDI effect." Although it waned in 2009, the ALDI effect is returning, helping boost Lidl as well as ALDI. The Guardian (London) (04 Oct.)
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 E-commerce Spotlight |  |  | |   Spotlight on Luxury Goods |  |  | | NRF News |  |  | | - NRF asks U.S. Congress to move swiftly on FTAs with South Korea, Colombia and Panama
NRF applauded President Obama on legislation to implement three pending Free Trade Agreements sent to Congress this week, and urged lawmakers to quickly approve the measures. "These trade pacts will help break the logjam on job creation," NRF President and CEO Matthew Shay said. The legislation sent to Congress includes trade agreements with South Korea, Colombia and Panama. Read more. SmartQuote |  |  | |  | The direct use of force is such a poor solution to any problem, it is generally employed only by small children and large nations." --David Friedman, American economist and writer  | | | This SmartBrief was created for cpgbrokers.data@blogger.com |
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