| Global retail industry news |  |
- Exchange rate is just one factor in pricing, research shows
Canadian consumers are often angry about having to pay higher prices than their US counterparts for the same goods, especially as the exchange rate between the countries' currencies has reached near parity, but the exchange rate is only one factor in pricing, according to a new report from Statistics Canada. "By the time you look at the final retail price, there may be a lot of Canadian content built into the final amount," said economist Avery Shenfeld. The Globe and Mail (Toronto) (04 Jan.)       | 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! |
 - A tale of two holiday shopping seasons
UK retail chain John Lewis saw like-for-like sales jump 6.2% in the last five weeks of 2011 and set a new one-week sales record of £133.1 million in the week before Christmas. The holiday results are in stark contrast to Next, which reported disappointing results for the season and blamed mild weather and rivals' unexpected discounting for the deeper-than-expected sales drop. The Guardian (London) (04 Jan.) - Louis Vuitton hires master perfumer to launch new scent line
Louis Vuitton has hired master perfumer Jacques Cavallier-Belletrud and confirmed this week that it plans to launch a line of signature fragrances that will be sold exclusively at its 461 boutiques worldwide. Cavallier-Belletrud is credited with creating a host of designer perfumes including L'Eau d'Issey, Jean Paul Gaultier Classic and Dior Addict. Women's Wear Daily (subscription required) (04 Jan.) - Mystery shoppers give poor service marks to Paris stores
Mystery shoppers hired by French marketing consultancy Presence gave upscale stores on the Avenue des Champs-Elysées in Paris poor marks for service, although the French shops fared better in the study than many on New York's Fifth Avenue. Singapore's Orchard Road scored the best in the study, which rated 400 stores in major shopping cities across the globe. Women's Wear Daily (subscription required) (04 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. |
 - China growth pushes Dunkin' Donuts to 10,000 stores
Dunkin' Donuts recently opened its 10,000th store, with expansion fueled in part by rapid growth in China, where the chain now operates 80 units. The chain is betting its future on ramped-up global growth, with plans to open up to 500 stores in India in the next 15 years. Forbes (04 Jan.)  | Healthy Habits Equal Lower Premiums
Living healthy is its own reward, but now with MetLife it could also save you money on your life insurance. If you qualify for the MetLife Good For You Rate, your healthy choices could mean up to 21% savings on a term life policy. Start with a free, no-obligation quote today. |
  | 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. |
  | Your job as an Exchange administrator isn't easy. You have to respond to lost messages, handle email discovery requirements, and keep everything up and running. Is there an easy way to manage your Exchange environment — and do it under budget? Learn about the challenges faced by three real organizations, and how using the right solution brought them peace of mind. |
 | Spotlight on Consumer Electronics |  |  | | |  | - Microsoft sues UK's Comet over Windows recovery CDs
Microsoft has sued Comet, saying the UK consumer electronics retailer allegedly created and sold more than 94,000 knock-off versions of recovery CDs for its Vista and XP operating systems. Comet said it supplied the disks because most manufacturers have stopped bundling the software with their computers. CNET (04 Jan.) - Best Buy to close all 11 UK stores this month
All 11 Best Buy stores in the UK will close on Jan. 15, less than two years after the consumer electronics chain opened its first store in Britain under a joint venture with Carphone Warehouse. The company's UK website will also cease operating on that date. The Retail Bulletin (04 Jan.)  | Principles of Checkweighing - Building an Effective Program
This essential guide is an invaluable resource of checkweighing information and a definitive reference providing an insight into all aspects of checkweighing from basic principles to implementation of a comprehensive program. Request your free copy now! |
 | NRF News | |  | | - One Kings Lane CEO shares which retail trends will sink or swim
Today's hot topics in retail include all things mobile, tablet, social and flash. But not all efforts in these spaces will flourish over the next few years. In a recent Shop.org Q&A, One Kings Lane CEO Doug Mack shares his views on innovation, embracing technology and optimizing customer experience -- and how to ensure efforts in the mobile, tablet, social and flash arenas succeed. Read the Q&A. Shop.org Blog (04 Jan.)
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