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| Global retail industry news |  |
- Appeals court upholds Wal-Mart's Massmart acquisition
An appeals court in South Africa upheld a lower court's decision to allow US retail giant Wal-Mart to proceed with its $2.4 billion acquisition of a majority stake of Massmart. US companies are watching the South African government's response to Wal-Mart's entry before deciding whether to expand their own companies there, a US Chamber of Commerce executive said last month. The Wall Street Journal (09 Mar.)      - Richard Baker turns real-estate deals into passion for retail
Former real-estate mogul Richard Baker's high-profile retail acquisitions include department store chains Lord & Taylor and Hudson's Bay Co., risky decisions that even his father and board chairman raised concerns about. His decisions were driven by a vision for the hidden real-estate value the brands brought to the table, but along the way he found a passion for the retail side and has since been working to revitalize sales at both brands. The Globe and Mail (Toronto) (10 Mar.)  | Data powers all your online channels and as a marketer you are involved with how this information is being used to reach customers. Federal regulations require protection of that consumer data to avoid potential risks and lawsuits. Watch these videos to learn how to create a comprehensive data privacy strategy. |
 - Former Icelandic mogul plans UK retail comeback
Jon Asgeir Johannesson made and lost billions building a retail empire starting with Bonus supermarkets in Iceland and expanding to the UK with the acquisition of several chains including Big Food Group in 2004. Johannesson's empire crumbled with Iceland's economy and subsequent lawsuits by the bank that financed some of his acquisitions, but the 44-year-old says he plans to make a comeback. Bloomberg (11 Mar.) - Topshop bets on US success, despite the odds
Radically different shopper attitudes and a heavy focus on discounting in the US have hurt UK retailers' efforts to expand in the states, and vice versa. The failures of earlier efforts by chains including Marks & Spencer and Sainsbury's hasn't daunted Topshop chief Philip Green, who opened his third US shop in Las Vegas last week. The Independent (London) (11 Mar.)  | How can you help your company get well sooner?
Visa Healthcare cards reduce paperwork, reimbursement checks and mailing costs, making your job go faster and more streamlined. They also provide employees convenient access to health-benefit funds, which means happier employees and increased enrollment. Visit visa.com/healthcare to learn more. |
  - India's luxury retailers market to newly rich
Retailers catering to the growing number of India's newly wealthy consumers are hiring stylists fluent in diverse dialects as well as the language of luxury fashion, to put shoppers at their ease. "Luxury cannot afford to intimidate," said Priya Sachdev Chatwal, COO of TSG International Marketing. The Times of India (10 Mar.)  | The next generation of talent management practices and solutions will be impacted by economic evolution, demographic changes and technology advancements, as they influence the way people work. Learn how companies must adapt to remain effective in the future by downloading this white paper. |
 - Brazilian tourists boost US retail coffers
Newly wealthy Brazilian citizens are flocking to the US with carry-on luggage and heading home with so many new purchases that airplanes have to carry extra fuel. Driven by a combination of new prosperity and hyperinflation that makes everything more expensive at home, Brazilians spent about $5.9 billion on visits to the US in 2010, and they're a big part of the reason President Barack Obama is pushing to speed the visa process. Boston Herald/The Associated Press (11 Mar.)  | Avoid theft and fraud with Modern Video Security.
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 - China's online retailers take the battle to books
Chinese online retailer 360buy Jingdong Mall added e-books to its offerings earlier this year, joining rival Dangdang, which plans to add about 100,000 digital titles to its catalog this year. Both companies are selling e-books at deeply discounted prices, creating concerns for the country's publishers. China Daily (Beijing) (12 Mar.)  | Leveraging Cloud Security to Weather Threatening Storms
Web attacks and retribution campaigns are on the rise, and they have become more frequent, more random and more extreme. This paper assesses the current cyber threat environment and discusses the use of distributed cloud services as an effective means to protect against evolving, modern-day IT threats. |
 | Spotlight on Mass Merchandise |  |  | | - Titan to build on Fastrack brand
India's Titan Industries aims to turn its Fastrack line of youth-oriented watches and eye wear into a bigger lifestyle brand. The company plans to add new branded product categories including bicycles, shoes and apparel, using a growth strategy that's similar to US-based brand Fossil. The Economic Times (India) (09 Mar.) - UK factories win with new fashion deals
ASDA has contracted with seven factories in the Midlands to produce apparel for its George fashion brand, the latest in a growing group of fashion brands bolstering UK factories. UK production has grown 80% in the past 12 months, said fashion division manager Andrew Moore. The Daily Mail (London) (11 Mar.) | NRF News | | | | - Forrester Research executive: Don't overlook site fundamentals
No doubt there are plenty of bases to cover to ensure your website platform can handle the activity your business deserves. In a recent interview on the Shop.org blog, Forrester Research vice president and principal analyst Brian Walker stresses the importance of ensuring site fundamentals are in top shape and shares tips for increasing business agility through site maintenance, load testing and replatforming. Read more.
| SmartQuote | | | |  | You can't wait for inspiration. You have to go after it with a club."
--Jack London,
American writer  |
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