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- Metro reportedly aims to find new CEO before end of year
Germany's Metro, one of the largest retailers in the world, is working to name a new chief executive officer before the end of the year, sources said. Eckhard Cordes reiterated that he plans to continue as CEO until the company finds a successor. Reuters (09 Nov.)  | 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! |
- Indian retailers enhance customer loyalty programmes
Shoppers Stop, Future Group, Spencer's Retail and other major retailers in India are trying to make their customer loyalty programmes more attractive by linking up with non-competing companies. The strategic partnerships are meant to give consumers more options for redeeming points. "It's all about earning and burning," said Future Group CEO Kishore Biyani. "Consumers like to collect points and spend them where they want." The Economic Times (India) (09 Nov.) - Wal-Mart starts hiring for Indian innovation lab
Wal-Mart plans to have its new innovation lab in India running by the end of the year, according to a company executive. "It is not very big, we believe in talent density rather than talent volume. We don't need too many people but we need very very talented people. Our goal is to get 100 people but the really top talented people," said Anand Rajaraman, senior vice president of global e-commerce at Wal-Mart. The Economic Times (India) (09 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. |
- Mexico's Calderon announces 4-day retail promotion
Mexican President Felipe Calderon announced a plan for the country's retailers to offer sales over the weekend of Nov. 18-21. The government is striving to kick-start Mexico's fragile economy. The plan includes offering government employees their year-end bonuses in time for the sales. Reuters (09 Nov.)  | 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. |
- Brazilians embrace Internet, but not to buy luxury goods
About a third of Brazilians have access to the Internet, but few use that access to purchase luxury goods. The country's luxury consumers expect a high level of service and enjoy pampering by salespeople. However, more Brazilians are expected to start buying their luxury goods online. "The market is still very much on the initial phase of development," said Carlos Ferreirinha, founder of the marketing agency MCF Consultoria & Conhecimento. "By 2014 we will have something strong." The New York Times (tiered subscription model) (09 Nov.) - Italy's Yoox reports 20.2% jump in core earnings
Yoox, the Italian online fashion retailer, expects its revenue to continue to grow in the fourth quarter after seeing strong sales so far this year. "In light of the positive performance of the online retail market and the demand for luxury goods, we are confident that, in the fourth quarter of the year, the group will again achieve net revenue growth in line with market expectations," the company said. Reuters (09 Nov.)  | 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. |
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 NRF News |  |  | | - U.S. retail container traffic to decline in November as holiday cargo shipping winds down
With most holiday season merchandise already on its way to store shelves, import cargo volume at the major U.S. retail container ports has started to decline for the fall, and November is forecast at 1.9% below the same month last year, according to the monthly NRF's Global Port Tracker report. "As always, retailers are being very strategic with their supply chains," NRF vice president for Supply Chain and Customs Policy Jonathan Gold said. "Retailers have a strong understanding of the consumer mindset this Christmas." Read more. SmartQuote |  |  | |  | Freedom is man's capacity to take a hand in his own development. It is our capacity to mold ourselves." --Rollo May, American psychologist  | | | This SmartBrief was created for cpgbrokers.data@blogger.com |
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