| Global retail industry news |  |
- Yum! Brands to take KFC to 7 more African countries
Yum! Brands will add 100 new KFC restaurants in Africa, expand to seven more countries on the continent and consider adding Pizza Hut eateries in South Africa this year, an executive said Tuesday. Africa's strong economic growth and rising middle class make it ripe for expansion, he said. The Wall Street Journal (10 Jan.)       | Principles of Checkweighing - Building an Effective Program
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 - Food sales save Christmas for M&S
Marks & Spencer reported a 3% rise in food sales at stores open more than a year, and the strong performance helped boost overall like-for-like sales 0.5% during the holidays. General merchandise sales didn't fare as well, as December brought steep discounts to drive traffic. The Wall Street Journal (10 Jan.) - Scotland's retailers push for government's support
Retailers in Scotland face challenges in a tough economy, and they need support in the form of governmental policies that help keep costs lower to avoid cutting jobs, said a report from the Scottish Retail Consortium. The flexible hours of retail jobs make work possible for many who would otherwise not be part of the workforce, the report said. Google/The Press Association (U.K.) (10 Jan.)  | Gain Deeper Insight into the Hyperconnected World
To accelerate your online business and stay ahead of the competition, you need insight into the latest security, connectivity and mobile trends. Click here to join Akamai, as we discuss the findings from the latest State of the Internet Report and its impact on the online industry. |
 - Will India's consumers clamor for IKEA? IKEA has expressed interest in entering India if the government loosened its rules on foreign investment; now that the rule change is official, can the Swedish furniture giant find success? Much may depend on whether IKEA finds a better way to deal with supply chain and delivery challenges, this story says. The Wall Street Journal/India RealTime blog (11 Jan.)
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 - Jingdong Mall to launch e-book service
Online retailer Jingdong Mall plans to launch sales of e-books in China, starting with a library of 80,000 titles and aiming to have 300,000 in stock by year's end. The company says it will avoid digital copyright issues that have plagued the e-book industry in China by signing cooperative agreements with publishers. China Daily (Beijing) (10 Jan.)  | Key Steps Business Owners Should Know About Successful International Payments. This American Express® guide helps you streamline FX payments. Includes FX payment provider profile, how to simplify payments, and insightful FAQ. |
 | Spotlight on Luxury Goods |  |  | | - India's luxury shops face labor shortage
Single-brand luxury merchants have a chance to expand in India under new rules, but they'll face a challenge when it comes to staffing stores with educated sales people trained to sell high-end goods; it's already an issue for the country's existing luxury retailers. "I have to first train them to understand luxury, the brand knowledge comes much later. It's tough to find people who already have that background and understand luxury," said Tag Heuer store sales manager Arun Ramakrishnan. The Economic Times (India) (07 Jan.) - European luxury brands raise prices in Korea
European luxury brands, which cut prices modestly in South Korea last summer after a new free-trade agreement was signed, have been raising prices again in recent weeks. Volatile foreign exchange rates and higher material and labor costs have pushed brands including Hermes, Chanel and Bulgari to raise prices on high-end bags, perfume and watches. The Korea Herald (Seoul) (08 Jan.) | NRF News | | | | - Retail's BIG Show 2012: There's an app for that
Retailers know a thing or two about the importance of providing information to their customers right where they want it. That's why it only makes sense that Retail's BIG Show is offering a conference app that puts event navigation, learning and social networking at attendees' fingertips. Available for Apple and Android devices, the app is easy to download and install, even easier to use, and will give you instant access to everything happening at the show including up-to-the-minute session and event updates and the ability to create a personalized schedule, review sessions, and find your way using the maps. Download the app. - Retailers from around the world to convene in New York City for Retail's BIG Show
Bringing together innovative retailers from around the globe, the National Retail Federation's 101st Annual Convention and EXPO is set to commence next week offering the best educational programs available to the retail industry. The four-day event, being held Jan. 15-18 at the Jacob Javits Convention Center in New York City, will feature topics ranging from digital and mobile retailing to the evolution of the retail store to economic and consumer spending trends. NRF's 2012 BIG Show is expected be the biggest and best yet -- drawing more than 22,000 retail professionals and hosting more than 420 exhibiting companies, with 82 different countries expected to be represented. Read more.
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