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| Global retail industry news |  |
- New Zealand's Rembrandt expands retail efforts
New Zealand suit maker Rembrandt is expanding into retail shops at home after finding success with three shops in Australia, the company said. The family-owned company opened its first store in Auckland last week, and expects to have four New Zealand locations by the middle of the year. Inside Retailing Online (30 Jan.)       | Consumer expectations surpass retailer realities. Cross-channel shopping is the new norm: 54% of consumers regularly employ two or more channels before they make a purchase. 20% expect to redeem the same coupons and promotions in stores and online. Download the full results to understand consumer cross-channel expectations. |
 - Carrefour names retail veteran to CEO post
Paris-based Carrefour has named Vivarte chief and retail veteran Georges Plassat as its new CEO, to replace Lars Olofsson. The world's second largest retailer has been struggling in recent years as time-crunched consumers have shifted their shopping away from Carrefour's hypermarkets to local shops and the Web. Reuters (30 Jan.) - Wal-Mart eyes European growth
The 30-year-old grandson of Wal-Mart founder Sam Walton is working to identify expansion possibilities for the chain in Europe. Steuart Walton is reportedly scouting for merger and acquisition targets in Europe, where Wal-Mart already owns the ASDA chain. The Independent (London) (29 Jan.)  | Top 5 HR Compliance Concerns for Small Business
Small and medium sized companies spend a lot of time focusing on core business issues, but they may overlook one of the most potentially serious and costly issues — regulatory compliance. How do you know what issues to look for in order to protect the company? Download this must-read paper that discusses the top 5 HR compliance issues. |
 - Spring festival boosts China's retail sales
Retail sales in China rose 16.2% during the week-long Spring Festival, compared to the same period last year, according to the Ministry of Commerce. Sales of gold, silver and jewellery rose 57.6% during the event to celebrate the Lunar New Year, which this year fell on Jan. 23. China Daily (Beijing) (29 Jan.) - Korea's traditional markets see slower sales
Tourists from Japan and other parts of the world make it a point to shop at Seoul's traditional markets, but locals are losing interest as chains gain market share, this story says. The three largest department stores, Lotte, Shinsegae and Hyundai, saw sales rise from 17.5 trillion won in 2003 to 24.3 trillion in 2010, while 178 markets closed during the same period. The Korea Herald (Seoul) (29 Jan.)  | Costs are rising in China and Japan, prompting high-tech firms across Asia to consider new sourcing locations so they can remain efficient, while focusing more on service. What will be the impact of this behavioral shift? Learn about the findings in this free white paper. |
 - Online retail in Russia grew 30% in 2011
Russia's e-commerce sales hit $10.4 billion last year, a 30% jump over 2010. Avito.ru launched in 2007, but only began to gain serious traction with consumers in 2010. "When I arrived in Russia five years ago, everybody told me that this will never work here," said Avito.ru general director Jonas Nordlander. The Moscow Times (26 Jan.)  | Retailers use video surveillance as a valuable tool to combat shrinkage, which can account for more than 2% of retail sales for some U.S. organizations. Shrink is up 6.6% in 2011 over 2010. This 6-page whitepaper from 3VR gives real examples on how retailers are increasing sales with video surveillance & analytics. Download it free today. |
 | Spotlight on Mass Merchandise |  |  | | - Spanish clothing maker uses RFID in retail expansion
Children's apparel and accessories manufacturer Trasluz Casual Wear uses radio frequency identification tags to track products from the factory to the selling floors at a growing number of franchise retail outlets. The Spanish company has opened 30 new franchise stores in the past two years. RFID Journal (27 Jan.) - US retailers plan for Chinese New Year factory closures
US retailers plan ahead for the Chinese New Year celebrations that close down factories in China for 15 days, but post-holiday ordering has become more complicated in recent years. Factories typically wait a few weeks to determine which workers aren't going to return after the holidays, and they're finding it tougher to fill the jobs as more young workers opt for white-collar tech jobs, says Brooke Minteer, senior buying director for The Container Store. DailyFinance.com/The Motley Fool (27 Jan.) | NRF News | | | |
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