  | Global retail industry news |  |
- Steve Jobs, Apple's co-founder, chairman and visionary, dies
Steven P. Jobs, the co-founder of Apple Inc., helped pioneer personal computing and then went on to lead a transformation in the way consumers experience music, movies and mobile communications. He died Wednesday at the age of 56. "Apple has lost a visionary and creative genius, and the world has lost an amazing human being," Apple CEO Tim Cook said in a letter to employees. "We will honor his memory by dedicating ourselves to continuing the work he loved so much." The Wall Street Journal (tiered subscription model) (06 Oct.), The Telegraph (London) (06 Oct.), The New York Times (tiered subscription model) (05 Oct.)      - Sears Canada CEO says sweeping changes needed
Calvin McDonald became chief executive officer at Sears Canada about three months ago and started his tenure by sending an internal memo saying changes are needed to address the company's "identity crisis" and improve its outlook. "In a time-starved culture, our customers shouldn't have to hunt for what they need," he said in the memo. "Our stores are too difficult to shop. We have inconsistent execution and too much clutter. In many cases, we don't offer the right products in the right market." The Globe and Mail (Toronto) (05 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 to soon to focus. Download Akamai's Holiday Toolkit now! |
  - Japan's Aeon boosts outlook, plans to buy domestic chains
Aeon, the second-largest retailer in Japan, said quarterly profit was up due to strong sales of food and other household staples following the March 11 earthquake and tsunami. The company also announced that it plans to acquire Marunaka and Sanyo Marunaka, a couple of domestic supermarket chains. Bloomberg (05 Oct.), Reuters (05 Oct.) - Asia Retail Group ready to sell retailer Courts Asia
Asia Retail Group has hired BNP Paribas and HSBC Holdings to help it sell Courts Asia, an electronics and furniture retailer in Malaysia and Singapore, according to sources. Regional and international retailers and private equity groups are expected to be interested in pursuing Courts. Bloomberg (05 Oct.)  - Kmart head says online sales don't pose a threat
Guy Russo, managing director at Kmart in Australia, said that retailers have muddled the concept of "sales," which drive consumers to online retailers. "When customers see one price one day and that price slashed by 50 per cent the next day, it increases their distrust in retailers and their pricing," Russo said. However, he rejected the idea that Internet shops pose a threat to Kmart. International Business Times (05 Oct.)  | VoIP phone systems deliver impressive benefits for businesses large and small. From advanced features like unified communications to significant cost savings, there's a compelling case to switch to VoIP. Read through these free guides for the very latest information on the phone system market. |
 | Spotlight on Consumer Electronics |  |  | |  | NRF News | | | | - What's hot in retail (and at NRF)
The busy-ness of September 2011 for retailers and NRF bodes well for an even busier holiday season. Last month, hot retail resources included a profile of how retail security has evolved over the past decade, blog coverage of Shop.org's biggest Annual Summit to date and the launch of NRF's largest campaign ever -- which focuses on the impact of retail jobs to the U.S. economy. View a complete list of the most popular resources and articles in retail from last month. Read more.
| SmartQuote | | | |  | A guilty conscience is the mother of invention."
--Carolyn Wells,
American writer and poet  |
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