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| Global retail industry news |  |
- Bidder drops push to acquire Peacocks
Edinburgh Woollen Mill has dropped plans to put together a bid for UK-based Peacocks, making it more likely that Pakistani textile billionaire Alshair Fiyaz will prevail in his efforts to acquire the 600-store chain. Peacocks entered administration last month after failing to restructure its £750 million debt load. The Guardian (London) (09 Feb.)       | 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! |
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 - India's Flipkart acquires Letsbuy
Bangalore-based online retailer Flipkart has acquired online consumer electronics and computer retailer Letsbuy for an undisclosed amount, the companies said Thursday. The move is part of Flipkart's strategy to expand from books and media into a broader range of product categories. The Wall Street Journal (09 Feb.) - Europe's new privacy rules mean changes for online retailers
New privacy rules set to take effect in May in Europe will require websites to obtain users' permission before placing cookies that track their online behavior, except for cookies that take care of essential tasks such as remembering what's in a shopping cart. Countries are interpreting parts of the law differently, which could cause confusion for online retailers selling between countries, says one analyst. InternetRetailer.com (09 Feb.)  | 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. |
 | Technology Solutions |  |  | | - Indonesian tech companies develop new payment options
Several tech companies in Indonesia are working to perfect new online payment services, including KasPay, which launched in 2009 as an electronic wallet linked to consumers' bank accounts. The services aim to fill a need in a country where online retail is on the rise but few consumers have credit cards. Asia News Network (09 Feb.) | Spotlight on Fashion | | | | - Colder weather warms winter apparel sales in Europe
Cold weather and snow have given Europe's apparel retailers a bit of a boost, spurring sales of the plentiful stocks of marked-down winter apparel at shops and department stores. "Winter apparel has sold very well the last ten days, at reduced prices of course, but at least some of the stock is gone," said Jurgen Dax, director of the German Apparel Retailers Association. Women's Wear Daily (subscription required) (08 Feb.) - Spain's designers adjust to new austerity
About 40,000 stores in Spain have closed amid the economic crisis of the last few years, and the country's fashion designers are making similar cutbacks. Amaya Arzuaga closed her only Madrid store after 12 years to focus on developing online and international retail efforts, and Adolfo Dominguéz plans to close 46 stores. Women's Wear Daily (subscription required) (09 Feb.) | NRF News | | | | - The proof is in the packaging when shipping internationally
E-retailers are constantly walking the fine line of providing reliable shipments to international customers while not compromising their bottom line. In a white paper posted on Shop.org, Bongo International analyzed how 16 U.S. retailers were managing packaging inefficiencies and refining their strategies. Learn from their results and grow your international customer base. Download the white paper.
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