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| Global retail industry news |  |
- Smaller retail centers in Australia struggle compared to larger ones
Smaller retail centers in Australia are having trouble attracting tenants as rents remain too high for many retailers, according to the Australian Retailers Association. Also, e-commerce is having an impact on brick-and-mortar store traffic. Larger centers, by contrast, are doing fine as they look for space to serve as showcases for products. Reuters (31 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. |
 - Germany's retail sales dropped in December
Retail sales in Germany fell 1.4% in December from the previous month, surprising economists who had forecast a 0.5% increase. Sales for the full year of 2011 rose 0.9% from 2010, the second consecutive year of growth driven largely by a strong labor market and domestic demand that's helping offset slower exports to other euro-zone countries. The Wall Street Journal (31 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. |
 - Chinese tourists boost Japan's New Year's sales
Tourists from China flooded Japan's stores during the nine-day Lunar New Year celebration, snapping up everything from consumer electronics and cosmetics to video games and groceries. Recent moves to ease visa requirements have expanded the tourist base beyond wealthy visitors, and less-affluent Chinese individuals and families are making more trips to Japan. The Wall Street Journal (Asia) (31 Jan.)  | What if there was a gold mine of data that was going untapped by your data decision-making programs? Today, the role of video can extend far beyond security. Data gathered from video surveillance can now help decision makers actually grow a business rather than just protect it. Download this free white paper and learn how video analytics can translate to competitive advantage. |
 | E-commerce Spotlight |  |  | | - Online fashion's focus shifts away from price
When it comes to fashion, the newest online retailers and members-only merchants are focused less on offering bargain prices and more on providing fashion fans with convenience and personalized exclusive offers. Instead of clearance sales on last season's looks, 9-month-old Canadian retailer Dealuxe is finding success selling the latest looks at full price. Canada.com (31 Jan.) - Survey: UK consumers spend time online, money in stores
The average UK consumer spends 2.4 hours shopping online each week and 1.2 hours actually visiting stores, but shoppers still spend more money at brick-and-mortar retail establishments, according to a survey from BaseKit Platform. The survey also found that 86% of shoppers 55 and older regularly shop online. InternetRetailer.com (30 Jan.) | Technology Solutions | | | | | Spotlight on Luxury Goods | | | | - Custom shirts find new customers online
Online outlets including J.Hilburn and ShirtsMyWay.com are combining fashion advice with cutting-edge technology to drive down the cost of custom-made dress shirts. More men are opting for custom shirts, which can be made to order and delivered within three weeks, at a cost of about $100 apiece. Los Angeles Times (29 Jan.) - Salvatore Ferragamo set to pay record rent on Bond Street
Luxury shoe brand Salvatore Ferragamo is reportedly close to a new lease that would raise the rent on its Bond Street store above 1,000 pounds per square foot, a first for London retail real estate. Retailers pay significantly higher rent for spots on the exclusive street than in any other retail district in the city. Reuters (31 Jan.) | NRF News | | | | - NRF's 101st Annual Convention draws record 25,500 attendees
Breaking all previous attendance records for Retail's BIG Show, NRF's 101st Annual Convention and EXPO, held in mid-January in New York City, welcomed 25,500 attendees from around the world, up from the 22,500 attendees last year. "The phrase 'jaw-dropping' best summarizes the overall theme of NRF's 2012 Annual Convention, and there was a buzz in the air like never before," said NRF President and CEO Matthew Shay. "From President Bill Clinton's inspirational keynote to the jam-packed EXPO hall full of the latest retail technologies, every aspect of the event was bigger and better this year." Read more.
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