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| Global retail industry news |  |
- Dubai developers look to retail for growth
Dubai has an oversupply of office and residential real estate, driving more developers to build new retail properties as retail rents remain stable, says Jones Lang LaSalle. About 60% of the country's retail space is in large shopping centres aimed at tourists, a trend expected to shift as more developers build smaller centres designed to serve local residents. The Wall Street Journal (06 Mar.)      - Tim Hortons may add 700 new Canada stores
Tim Hortons plans to add up to 175 new stores in Canada this year and says the country can support about 700 new locations in the coming years, CEO Paul House said Tuesday. The chain also expects to add up to 100 restaurants in the US this year, and House said the coffee and doughnut chain aims to increase same-store sales with new menu items this year. The Toronto Star (06 Mar.)  | 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. |
 - UK inflation growth slows as shops drop prices
UK retail prices rose 1.2% in February from the same month last year, driven largely by deeper discounting by shops cutting prices to bring in cash-strapped shoppers, according to the British Retail Consortium. Food prices rose 4.2%, while prices on clothing and shoes declined 5.2% from February 2011. Bloomberg (06 Mar.) - Tesco gets ASDA ad campaign banned
The UK's Advertising Standards Authority has ordered ASDA not to reproduce ads launched last fall that contained the claim "only one supermarket is ... always 10% cheaper," a victory for Tesco in the chains' ongoing rivalry. Brand Republic (U.K.) (07 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. |
 | Retail in Asia |  |  | | - Korea's Shinwon to develop high-end fashion brands
South Korea-based apparel maker Shinwon opened its North Korea factory in Gaeseong in 2004 and, despite several challenges, has expanded its operations and made its Sieg Fahrenheit brand a best-seller in China. Now, the company plans to expand with VanHart Homme, a new luxury menswear brand with global aspirations. The Korea Herald (Seoul) (06 Mar.) | E-commerce Spotlight | | | | - Report: Europe's economic crisis sent shoppers online
Europe's online retail sales grew 18.2% to about 200.5 billion euros last year, as the economic crisis sent more consumers to e-commerce sites to find the best bargains, according to the UK-based the Centre for Retail Research. The 10 largest online retailers including Amazon, Germany's Otto and Tesco saw the strongest growth. InternetRetailer.com (06 Mar.) | Spotlight on Luxury Goods | |  | | |  | - Chinese court rules against Hermes in trademark dispute
A Beijing court ruled that a clothing maker from China's Guangdong province owns the trademark on the Chinese version of the Hermes' name, in a long-running fight for control by the French luxury label. Hermes registered the English version in China in 1977 and argued that the Chinese translation should be granted well-known trademark status, but the court ruled Hermes failed to prove it had been well-known before the Chinese company registered the trademark in 1995. China Daily (Beijing) (07 Mar.) - Chanel to open 3rd boutique on famed Paris shopping street
Chanel will open its third boutique on Avenue Montaigne in Paris on Thursday, a 6,500-square-foot shop dedicated to showcasing its fashion and accessories collections. The company plans to renovate the older shops later this year. "Our objective is to have the three [Avenue Montaigne] boutiques at the same level of luxury perception," said Bruno Pavlovsky, president of fashion. Women's Wear Daily (subscription required) (05 Mar.)  | Over 1,700 CMOs shared their insights on the fundamental shifts transforming business and the world. Find out how they are striking a better balance between investing in solutions that drive efficiency and those that improve decision making, foster collaboration,and enhance customer relationships. |
 | NRF News | | | | - When retailers will report monthly sales in 2012
NRF's 4-5-4 calendar serves as a voluntary guide for the retail industry and ensures sales comparability between years by dividing the year into months based on a 4 weeks/5 weeks/4 weeks format. The 4-5-4 calendar also establishes sales release dates, which have historically been on the first Thursday following the month's end. NRF has released calendars for 2012, 2013 and 2014. View the calendars.
| SmartQuote | | | |  | I am always doing that which I cannot do, in order that I may learn how to do it."
--Pablo Picasso,
Spanish artist  |
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