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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - UK retailers back off unpaid work scheme
Tesco will now give participants in a government back-to-work scheme the option of remaining on benefits and performing unpaid jobs for eight weeks or getting paid by the company with the promise of a permanent job at the end of the trial. The shift came amid an outcry about the unpaid work scheme; Argos and Superdrug have suspended their involvement in the program. The Wall Street Journal (22 Feb.), The Guardian (London) (21 Feb.)      - ASDA to beef up lower-price guarantee
UK grocer ASDA has launched a regular study of about 4,000 mothers as part of its push to tailor its lower-price guarantee scheme to the needs of its customers. Dubbed the "Mumdex," the first study found that about 75% of respondents had less disposable income than they did a year ago. The Express & Star (U.K.) (21 Feb.) - UK's retail rent gap hits record
Rents in Bond Street and other high-end shopping districts in London have hit all-time highs while lease rates in the UK's least-desirable neighborhoods have plummeted, significantly widening the retail rent gap. "The rental disparity is the widest since we started monitoring it in 1987," said Colliers International research director Richard Doidge. Reuters (21 Feb.)  | Avoid theft and fraud with Modern Video Security.
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 | Retail in Asia | | | | - Report: Woolworths named Asia-Pacific's most valuable brand
Australia's Woolworths is the most valuable retail brand in the Asia-Pacific region, valued at $4.2 billion compared to the $2.9 billion of second-place Uniqlo, according to a new report from Interbrand. "The general value of Asia's brands are lower because it's such a fragmented market and building retail brands in Asia is a relatively new thing," said CEO Damian Borchok. Marketing Mag (Australia) (22 Feb.) - E-commerce to fuel Canada's warehouse growth
Canadians spent about $16 billion shopping online last year, and the country's e-commerce industry keeps growing, a trend that's going to spur development across the country of massive new warehouses equipped for the high-tech automated systems used to fulfill orders, says commercial real estate consultant Stan Krawitz. The Globe and Mail (Toronto) (21 Feb.) - Jingdong Mall to set sights lower with revised IPO filing
China's e-commerce company Jingdong Mall might revive a plan to go public, with plans to apply for a Nasdaq listing next month. The company postponed plans for a $5 billion IPO last year and may trim its expectations to between $2 billion and $3 billion with the new filing. Reuters (21 Feb.)  | RadioShack has a global presence and a variety of innovative products and services. With reasonable investment levels and hundreds of potential markets, a RadioShack franchise represents an exciting opportunity for you to associate with a powerful retail brand. Click here to learn more. |
 | Technology Solutions | | | | | Spotlight on Luxury Goods | | | | - The changing face of luxury goods in China
The Exotic Cargo Market in Tianjin, China, thrived in the '90s selling secondhand clothes and other goods smuggled in from outside the country. Its fortunes waned by the end of the decade as brand-new foreign products became more readily available and designer fashion shows offered an education in upscale fashion and whetted consumers' appetites for luxury labels. China Daily (Beijing) (20 Feb.) - Zegna won't slow its focus on China
Sales in China are slowing from the 30% annual growth of the past five years, but it's still the biggest market for Milan-based luxury retailer Ermenegildo Zegna Group, says CEO Ermenegildo Zegna. The company will continue to open new stores in China and convert some existing franchises to company-owned shops. The Wall Street Journal (20 Feb.) - Gucci CEO boosts sales with renewed emphasis on luxury
Gucci CEO Patrizio Di Marco had concerns that the brand was becoming less exclusive when he took over the reins in 2009 so the company has since put more emphasis on craftsmanship, using more precious materials including python and crocodile. The strategy has paid off, with a 19% rise in revenue last year. Bloomberg Businessweek (21 Feb.) | NRF News | | | | - 4 ways to design with a tablet in mind
Though smartphones and tablets both fall into the "mobile" category, each require a completely different set of design parameters, according to Resource Interactive's Stephen Burke. In a blog post, Shop.org's Fiona Swerdlow shares Burke's tips on how to make tablet design engaging, shareable, shoppable and extendable. Read more. Shop.org Blog (20 Jan.)
| SmartQuote | | | |  | Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold."
--Leo Tolstoy,
Russian writer  |
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