  | Global retail industry news |  |
- Retail sales in Australia continue to climb
Consumer spending on household goods and restaurants helped drive up retail sales in Australia in September, the third consecutive month of gains. "The consumer is certainly not pulling back," said Stephen Walters, chief economist at JPMorgan Chase. "The discretionary parts of retail were pretty solid -- things like household goods and cafes." Bloomberg (03 Nov.)       | Improve Holiday Sales Results with Tools from Akamai!
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  | 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! |
 - Kenneth Cole to enter India's retail market
Kenneth Cole, the U.S. clothing brand, has teamed up with India's Reliance Brands to sell its products in 25 stores throughout India. The deal includes opening five stores over the next three years and another 20 stores after that. "India promises substantial growth potential for our brand, the country's economy is growing quickly and development is strong, which is why Kenneth wants to create a presence in India now," said Kenneth Cole Productions CEO Paul Blum. The Economic Times (India)/Press Trust of India (03 Nov.)  | Let Social Media Find Your Staff For You
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 | Spotlight on Consumer Electronics |  |  | | |  | - Woolworths conducts strategic review of Dick Smith
Grant O'Brien, chief executive officer at Woolworths, said the consumer electronics sector has faced "significant challenges." The retailing giant is considering what to do with its Dick Smith chain. "Dick Smith is a strong brand which has performed well relative to some of its competitors, but we need to make sure we are deriving the best possible value from the business," O'Brien said. "I am committed to ensuring we have a strong business portfolio with each division delivering optimum returns." Inside Retailing Online (02 Nov.) - Sony aims to turn around struggling television business
Kaz Hirai, executive deputy president at Sony, is leading an effort to turn around the company's television business by reducing expenses. The company reported a quarterly loss and said a significant loss for the fiscal year is likely. "After losing money (in televisions) for seven straight years, this is something that our entire management feels is a grave situation," Hirai said. "This is a problem not just for the television group, but it is something for the entire Sony group to tackle together." The Wall Street Journal (tiered subscription model) (03 Nov.)  | Power your connections and turn fans into real connections when you run technology powered by Buddy Media. Now learn how to drive results with your social posting. Download Buddy Media's free guide for Successful Retail Social Posting |
 | NRF News | |  | | - Are you a retail supply chain expert? Prove it.
NRF is seeking supply chain experts to share insights at its Global Supply Chain Summit, held May 6-8, 2012 in New Orleans. The annual event brings senior executives together to discuss current issues in supply chain management, including a focus on the regulatory environment, corporate social responsibility and global trade management. The deadline to submit a proposal is Dec. 9. Learn more.
| SmartQuote | | | |  | To be really great in little things, to be truly noble and heroic in the insipid details of everyday life, is a virtue so rare as to be worthy of canonization."
--Harriet Beecher Stowe,
American writer  |
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