  | Global retail industry news |  |
- China growth helps Dunkin' Donuts hit 10,000 stores
Dunkin' Brands opened its 10,000th Dunkin' Donuts store this week, attributing much of its growth to rapid expansion in China, where the company now operates more than 80 units. About 7,000 of the chain's stores are in the US, but future growth will come from faster global expansion, said CEO Nigel Travis. Bloomberg Businessweek (15 Dec.)       - UK retailers resort to earlier discounting
Retailers including French Connection and Gap have launched earlier-than-usual winter sales in the UK in an attempt to drive Christmas shoppers to their stores. November retail sales in the UK fell 0.4% on slower sales in categories including computers, watches and jewellery. The Daily Mail (London) (16 Dec.)  | Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
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 - India's retail executives break out on their own
A growing number of India's experienced retail executives are trading in corporate jobs for entrepreneurial niches, including former Hidesign CEO Kunal Sachdev, who launched wall-art retailer Folia. Increasingly sophisticated urban consumers with a taste for unusual products and new retail experiences are driving the trend, said former Page Industries executive Nischal Puri, who has launched a lingerie brand. The Economic Times (India) (16 Dec.) - Building customer loyalty is key in China, Italian firms say
China holds great potential as demand for luxury goods grows and average sales rise, but high retail rents and rising competition mean there are also challenges to operating in the market, said executives of several Italian luxury brands at a conference this week. Wealthy and aspirational Chinese consumers are only starting develop brand loyalties, said Gucci CEO Patrizio di Marco. Women's Wear Daily (subscription required) (15 Dec.)  | Avoid theft and fraud with Modern Video Security.
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 - EBay seller exposes customer data
Malaysia-based eBay seller shahizanhashim exposed the personal information of hundreds of its customers in countries including Australia and the US, a glitch exposed after an Australian buyer did a Google search of her name and found a database that included the names and contact information of buyers, along with lists of their purchases. The Sydney Morning Herald (Australia) (15 Dec.)  - Google may launch mobile payment service in London next year
Google has reportedly been in talks with UK retailers, distributors and banks in an effort to launch its Google Wallet mobile payment service in London before the start of next year's summer Olympics. Google Wallet lets users pay for purchases by tapping their smartphones at the point of sale. CIO Asia (15 Dec.)  | Gain Deeper Insight into the Hyperconnected World
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 - Fashion sellers feel the pain of Greece's dire straits
Few Greek consumers are splurging on new outfits amid the country's economic turmoil, and higher-end fashion retailers have been hit particularly hard. The troubles weren't evident on the catwalks at Athens Fashion Week, but the economy was clearly on the minds of designers and merchants behind the scenes. "We wanted to send a message to everybody to support the Greek designers because it is a very critical moment for our country," said organizer Tonia Fouseki. The Boston Globe/The Associated Press (tiered subscription model) (14 Dec.) - Supergroup discloses sales figures to silence naysayers
UK fashion retailer Supergroup said like-for-like sales at its Superdry chain rose 4% in the six months ended Oct. 31, releasing the data for the first time in an effort to correct misperceptions after warehouse problems this year led to a shortage of the latest styles at its stores. "I felt it was necessary to stop people drawing the wrong conclusions. The brand is very much alive," said CEO Julian Dunkerton. The Telegraph (London) (14 Dec.)  | 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. |
 | NRF News |  |  | | - NRF revises holiday forecast to 3.8%
With just ten days until Christmas, NRF has revised its holiday forecast upward, expecting holiday sales to rise 3.8% this year to a record $469.1 billion. NRF's initial forecast, announced on October 6, called for anticipated sales growth of 2.8%. While a 3.8% sales increase is considerably above the ten-year average sales increase of 2.6%, it is still lower than the 5.2% increase the retail industry saw last year. Read more.
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