Companies flock to China's luxury online retail market

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27 October 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Woolworths posts 1.9% increase in same-store sales Woolworths missed analyst forecasts by posting a 1.9% increase in quarterly sales of food and liquor in Australia. "It (retailing) is patchy and those that have got money are spending it but there are groups that are also being very careful with what they spend," said Woolworths CEO Grant O'Brien. Reuters (27 Oct.), Current.com.au (Australia) (27 Oct.)      Metro acquires majority stake in Marche Adonis Metro, Canada's supermarket giant based in Montreal, is acquiring a majority stake in the ethnic grocery store Marche Adonis, which specializes in Mediterranean products. "We expect to see some interesting growth by partnering with Adonis," said Metro President and CEO Eric La Flèche. Metro will ramp up the expansion plans for Adonis, he said. CTV.ca (Canada)/The Canadian Press (26 Oct.), The Globe and Mail (Toronto)/The Canadian Press (26 Oct.)      Avoid theft and fraud with Modern Video Security. Learn how businesses and institutions are preventing loss and theft by implementing Facial Surveillance, License Plate Recognition, and Advanced Oject Tracking by downloading this Executive Brief from 3VR.   Retail in Europe    Online expected to represent 12% of European holiday sales The Centre for Retail Research has released a study predicting a 1.4% rise in retail sales across Europe in the run up to Christmas. Online sales are expected to account for about 12% of total retail sales in the six-week holiday period, according to the report, which was commissioned by Kelkoo. "Online spending is showing no signs of abating, and is mounting a real challenge to the dominance of the high street," said Kelkoo CEO Richard Stables. Bloomberg Businessweek (25 Oct.)      Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today!   Retail in Asia    Gokaldas Exports poised for new contracts with Wal-Mart Gokaldas Exports, which is based in Bangalore, expects to land new contracts with Wal-Mart as well as smaller European fashion houses. The retailers are shifting their sourcing away from China due to increased labour costs, the appreciating yuan and high inflation. "Wal-Mart is stepping up apparel sourcing from India, which, till now, was not very significant and mostly in hosiery and undergarments," according to an industry insider. The Times of India (27 Oct.)      Other News HKEx reportedly wants Zara to pursue a listing Reuters (26 Oct.)      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.   Retail in Latin America    Comercial Mexicana posts quarterly profit of $10.7 million Comercial Mexicana reported a 25% drop in third-quarter profit on higher foreign-exchange losses. The Mexican retailer said that its "Julio Regalado" campaign helped drive sales, but operating profit was hit by increased expenses for electricity and other operational costs. The Wall Street Journal (tiered subscription model)/Dow Jones Newswires (26 Oct.)      Falabella says quarterly profit fell to $148 million Falabella reported a 17.1% increase in third-quarter revenue on more stores and increased consumer demand. However, the Chilean retailer's profit declined 6.5% due to foreign-exchange rate changes and weather-driven discounts. Reuters (26 Oct.)      Enterprise Resource Planning automates many aspects of an organization's operations, cascading across traditional boundaries of operations, finance, manufacturing and more. As such, changes in the ERP market can cause a ripple effect in your business. Get ahead of the changing tide and trends by downloading this free whitepaper.   E-commerce Spotlight    Companies flock to China's luxury online retail market Chinese start-ups, domestic media portals, international retailers and other companies are piling on to the country's online luxury retail sector. Although China is expected to continue to grow, it remains a young, untested market. Some are raising concerns that trouble looms. Forbes (26 Oct.)      Business Credit Reports and Scores – Free Trial • Choose appropriate suppliers and prospects • Gain better insight into your portfolio • Manage risk while optimizing business with profitable customers Receive 30-day free trial access to our essential business credit management tools and our Business Benchmark Report for insight on the health of US businesses.   Spotlight on Consumer Electronics    Kesa Electricals reportedly plans to delist from LSE Kesa Electricals is considering renaming itself Darty after its flagship European brand following the sale of its UK retail chain, Comet, according to a report in the Sunday Telegraph. The Kesa board is also set to delist the company's shares from the London Stock Exchange. MarketWatch (23 Oct.), Bloomberg (23 Oct.)      Sharp reports 39.8 billion yen loss in first half Sharp, the electronics maker based in Osaka, posted a loss for the six months through September. The company cited the slowdown of the global economy, the strong yen and production losses stemming from the March 11 natural disasters that hit Japan. Google/Agence France-Presse (27 Oct.)      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 too soon to focus. Download Akamai's Holiday Toolkit now!   NRF News  How JCPenney, Harrods and Magazine Luiza attract a lifetime of loyalty Global retailers have to be increasingly nimble to keep up with ever-evolving consumer behaviors. At Retail's BIG Show, Jan. 15-18 in New York City, these three retail giants in the US, UK and Brazil will discuss how they quickly adapt to fierce competition, new technology and disruptive business models, while building lifelong relationships with customers. Learn more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  Reason is, and ought only to be the slave of the passions, and can never pretend to any other office than to serve and obey them." --David Hume, Scottish philosopher, economist and historian        This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Susan W. Kim (202) 407-7877 Download Media Kit       Recent NRF Global SmartBrief Issues: Wednesday, 26 Oct 2011 Tuesday, 25 Oct 2011 Monday, 24 Oct 2011 Friday, 21 Oct 2011 Thursday, 20 Oct 2011     Lead Editor:  Liz DeHoff       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 USA     © 1999-2011 SmartBrief, Inc.® Legal Information