  | Global retail industry news |  |
- Starbucks' European sales weaken but profit up 29% overall
Starbucks reported quarterly earnings of $358.5 million, up from $278.9 million the same period the previous year, despite lower sales in Europe. "Starbucks today is executing in all markets and across all channels," said Starbucks CEO Howard Schultz. "We have never been better positioned to go hard and go fast after the tremendous opportunity that lies ahead in 2012 and beyond." The Telegraph (London) (03 Nov.)      - HMV's flagship store in Vancouver to shut
HMV Canada has announced that it will close its flagship store in Vancouver due to high rent and the ongoing trend toward more online sales. "It's regretful, really," said Nick Williams, president of HMV Canada. "The last thing that we want to do is leave Vancouver's downtown ... but a store of that magnitude unfortunately does not fit into our long-term real estate strategy." The Vancouver Sun (British Columbia) (03 Nov.) - South Africa's Foschini reports 26% surge in H1 profit
Foschini, one of the largest clothing retailers in South Africa, reported a first-half profit increase of 26%. The company plans to open dozens of new stores in African countries, including, for the first time, Nigeria and Mozambique. Reuters (03 Nov.)  | Large banks declined 9 out of every 10 of small business loan applications over the last year. It's a problem that fundyng.com is here to fix. Get a FREE financial assesment and learn how Fundyng.com can provide your business with up to $250K in 3 days. |
 - Boots reports 0.4% rise in sales at healthy and beauty unit
In the six months to the end of September, Alliance Boots' health and beauty division saw its sales climb 0.4%, the weakest growth since it was taken private in 2007. The company said that tough retail conditions and pressure to discount hit sales. Boots said that group revenues surged 31.3%, mostly thanks to acquisitions. The Telegraph (London) (03 Nov.)  | Face-to-face business events are proven to increase revenue, especially when held in a creative destination like Orlando. A recent economic impact study showed that for every $1 spent on business travel, companies benefited an average of $12.50 in increased revenue and $3.80 in new profits. Solve your business event needs and increase ROI in Orlando. |
 - Global brands hit jackpot in India
Swarovski, US Polo and numerous other top international brands have found that their stores in India are some of their most successful despite the country's status as a developing nation. Sales in India tend to climb partly because of its constantly growing population of consumers with high brand awareness and growing disposable incomes. The Economic Times (India) (04 Nov.) - Chinese consumers demand better-quality, cheaper toys
Chinese shoppers are increasingly demanding toys that are higher quality and less expensive than those offered by foreign brands. The situation is presenting an opportunity for the country's toy exporters. "Chinese toy exporters are coming to a turning point where domestic growth is starting to outpace that of overseas orders," said Hua Zhongwei, an analyst with Huachuang Securities. The country's toy market is expected to surge over the next few years, according to the China Toy & Juvenile Products Association. Bloomberg (03 Nov.)  | What if there was a gold mine of data that was going untapped by your data decision-making programs? Today, the role of video can extend far beyond security. Data gathered from video surveillance can now help decision makers actually grow a business rather than just protect it. Download this free white paper and learn how video analytics can translate to competitive advantage. |
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 - Alexander McQueen launches first boutique in China
Alexander McQueen, the fashion house owned by PPR, has decided to enter China with a new boutique. "The death of Alexander McQueen and the appointment of Sarah Burton as chief designer has changed the scale of Alexander McQueen's potential. That is why we have taken the decision to open more stores," said PPR CEO and chairman Francois-Henri Pinault. "Because of the vision that she is bringing, I think it can now reach more people than we imagined was possible through the store network." Inside Retailing Online (04 Nov.)  | 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 |  |  | | - NRF's 2011 Holiday Headquarters is open for business
This may be our third year opening NRF's Holiday Headquarters, but 2011 has brought on a few fresh twists, including interactive charts and a professionally-designed Holiday Survival Kit. If you're a retailer, reporter or even just a very engaged and interested consumer, you can access all of NRF's holiday press releases, survey results, top trends, guidelines, blog posts, frequently asked holiday questions and of course, historical holiday information all in one spot. Learn more.
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