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| Global retail industry news |  |
- Germany's Douglas Holdings may go private
Germany-based retailer Douglas Holdings is reportedly in talks with leveraged buyout firms with an eye on taking the company private. The company operates 2,000 stores in 17 European countries including Douglas-branded perfume stores and 295 Thalia bookstores. The Wall Street Journal (11 Jan.)      - European Union rolls out plan to increase e-commerce
The current e-commerce system in Europe is a "patchwork" of different countries' rules and laws that hinders the growth of online retail across the continent, according to a European Commission report that lays out a plan to overcome the obstacles and boost Europe's online sales. InternetRetailer.com (11 Jan.) - EU aims to lower fees on payment card purchases The European Commission plans to lower the fees banks charge retailers on credit- and debit-card transactions, according to a report released Wednesday. The commission's aim is to open up the payment card market to more players, and is part of a larger plan to boost e-commerce. Reuters (11 Jan.)
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 - Harvey Norman to focus new stores in Asia
Harvey Norman will open 10 new stores in Asia this year and up to 50 in the next few years, opting to focus on overseas expansion rather than growing at home amid a retail slowdown. For the first time in 30 years, the company has no plans to open new stores in Australia this year. Australian Financial Review (09 Jan.) - Korea's anti-trust regulator launches pricing probe
Korea's Fair Trade Commission Chairman Kim Dong-soo has launched an investigation into how distribution systems for consumer goods including beef, wine and a host of other products may be driving up prices to consumers. The commission will also focus on boosting e-commerce in the country, saying increased online competition would drive down prices across the board. The Korea Herald (Seoul) (11 Jan.)  | Principles of Checkweighing - Building an Effective Program
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 | Spotlight on Consumer Electronics |  |  | | |  | - HMV may cut back on video game sales
Sales of video games at UK-based retailer HMV dropped 16% during the holiday season, prompting CEO Simon Fox to consider scaling back on digital games as the chain works to reverse slowing sales. Music sales at the chain held steady and sales of technology products including headphones and tablets rose 51% at stores open more than a year. The Telegraph (London) (09 Jan.) - UK's Game Group to cut store count amid sales slowdown
Computer game retailer Game Group warned it is in danger of breaching bank covenants and said it would cut the number of stores it operates in the UK and Ireland from 610 to about 550, as part of an effort to cut costs. The retailer, which also has an online presence, has been losing market share to supermarkets and other online game sellers. The Irish Times (Dublin) (11 Jan.)  | Gain Deeper Insight into the Hyperconnected World
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 | NRF News | |  | | - ARTS releases social media blueprint for NRF communities
The Association for Retail Technology Standards, NRF's technology standards division, recently announced the release of a Social Retailing Blueprint aimed at helping retailers understand how to leverage social media for their businesses. The blueprint -- free to NRF, Shop.org and ARTS members -- covers topics such as targeted advertising, user-generated content, check-ins, social graph analytics, gamification and social shopping. Learn more.
| SmartQuote | | | |  | Each morning when I open my eyes I say to myself: I, not events, have the power to make me happy or unhappy today."
--Groucho Marx,
American comedian  |
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