| Global retail industry news |  |
- Wal-Mart to spend $750 million on Canada stores
Wal-Mart plans to remodel or open 73 stores in Canada this year, spending about $750 million to prepare for the arrival of rival discount chain Target next year. Part of the investment will go to remodel the 39 Zellers stores that Wal-Mart acquired from Target, which will open the first of 135 planned Canada stores next spring. Reuters (07 Feb.)       | 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. |
 - UK retailers keep inflation rate down amid slower sales
UK retail prices rose 1.4% in January, the smallest rise in two years, and the inflation rate for non-food goods was flat as retailers kept prices down in an effort to attract cash-strapped shoppers, according to the British Retail Consortium. "For there to be any significant improvement in retailers' fortunes in the coming year, it's essential that people feel better about their personal finances and become more willing to spend," said director general Stephen Robertson. Bloomberg (07 Feb.)  | There are many approaches that have been explored to increase talent retention. Today, many strategies can be carried out through talent management practices supported by a robust technology platform. Download this whitepaper to learn six key strategies that organizations can implement with technology support to retain their top talent. |
 - Report: Asia's retail real estate stays strong
Demand for retail real estate in Asian markets including Singapore, Hong Kong and Kuala Lumpur is likely to remain strong in 2012, according to a new report from real estate investment firm Pacific Star. "Retail spending has also held up in Asia due to tight labour market conditions and a buoyant tourism sector," said vice president Lam Chern Woon. Star Publications (Malaysia) (07 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! |
 - CEO: Flipkart won't alter plans because of Amazon's arrival
Indian online retailer Flipkart isn't worried about the launch of Amazon's Junglee.com, said CEO Sachin Bansal, one of two former Amazon executives who founded Flipkart. "Customers need a place they can rely upon to provide a consistent, hassle-free shopping experience," Bansal said. "We are fully committed to providing this experience to our customers." Business Standard (India) (08 Feb.)  | Learn about Xerox® solid ink and enter to win an Apple® MacBook Air®— Exceptional color print quality, 90% less waste than comparable color lasers, and speeds up to 40 ppm make the ColorQube® 8570 printer your perfect solution for affordable color printing. Enter to win an Apple®MacBook Air® when you learn more. |
  | To make a retail operation truly customer-focused, retailers need to connect customer’s interactions, drive better decisions using science and insight, and optimize operations for efficiency. Retailers who focus on discerning customer sentiment and creating a customer experience will win customers’ long-term loyalty. Learn more. |
 | Spotlight on Luxury Goods |  |  | | |  | - India's Madura may team with Armani, Hackett
Madura Fashion & Lifestyle is reportedly in talks with luxury clothing brands Giorgio Armani and Hackett on deals to expand the luxury brands presence in India. Madura, part of the $35 billion Aditya Birla Group, is also working to seal a long-term deal with Esprit Holdings. The Times of India (06 Feb.) - China grows a new hot spot for luxury goods
China's wealthy consumers have expanded their shopping to include the city of Guangzhou, whose upscale La Perle shopping mall saw a double-digit increase in sales last year. Rising demand has led to shortages of some popular items, and developers are creating new malls such as TaiKoo Hui, which opened last year with more than 70 international brands, including Chanel, Giorgio Armani and Tiffany. China Daily (Beijing) (03 Feb.) - Korean consumers catch on to local luxury brands
Consumers in Korea who in previous years might have looked past local luxury brands in favor of higher-profile European brands have been boosting sales at homegrown high-end retailers in recent years. "It's old-fashioned to call a brand 'home-grown' now. People care more the product quality than origin," said designer Seok Jeong-hye, whose Couronne accessories line rose from 1.7 billion won in sales in 2010 to 12 billion won last year. The Korea Herald (Seoul) (06 Feb.)  | 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. |
 | NRF News | |  | | - Burberry CEO shares secrets to continued success
 At NRF's Annual Convention and EXPO last month, Burberry CEO Angela Ahrendts accepted the International Retailer of the Year award, an annual honor recognizing individual excellence in their native country and internationally. In a recent video post on Retail's BIG Blog, Ahrendts shares in her own words, how the company has managed to keep a 150+ year old company exceeding customer expectations. Watch the video. Retail's BIG Blog (07 Feb.)
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American broadcast journalist  |
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