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| Global retail industry news |  |
- Hugo Boss sees slower 2012 sales as China demand cools
Germany-based luxury suit brand Hugo Boss said it expects sales growth to fall by about half this year on slowing demand from China, where the company's sales grew 33% last year. The company is forecasting 10% global growth this year, compared to 19% in 2011. Reuters (14 Mar.)      - Brands lose shelf space in Australia's supermarkets
As Australia's consumers pull back on spending, big supermarket chains Woolworths and Coles are putting pressure on suppliers to cut costs, as well as cutting shelf space as they replace brands with rival private-label products, industry watchers say. "The retailers only want stuff on their shelves which is moving, so you have to be the number one or two brand in your category," said KPMG partner Mark Epper. Bloomberg (14 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. |
 - UK chief to leave Tesco after a year
Tesco's chief executive for UK operations Richard Brasher will step down from his seat on the board immediately and leave the company in July, the retailer said Thursday. CEO Philip Clarke will add the UK operations to his role, as the chain works to reverse several years of slowing domestic sales. "This greater focus will allow me to oversee the improvements that are so important for customers," Clarke said. The Telegraph (London) (14 Mar.), The Wall Street Journal (15 Mar.) - Greggs to open 90 new stores in 2012
The UK's biggest food-to-go retailer reported a 5.8% rise in sales and a 1.1% profit increase last year, and executives say they expect summer events including the Olympics and the Euro 2012 football championships to boost sales in 2012. Greggs plans to add 90 stores and about 800 new jobs this year. The Telegraph (London) (14 Mar.)  | Hiring exceptional talent is critical to the success of your business. Whether it’s the executive who offers visionary leadership, or the sales professional who won’t settle for less than 100%, a business needs great people to thrive. This guide provides best practices for securing the top talent you need to drive business results. |
 | Retail in Asia |  |  | | - Thomas Pink to open shop in India
High-end UK shirt maker and retailer Thomas Pink has signed a franchise deal with Reliance Brands to open stores in India. The company joins another upscale UK fashion brand, Savile Row, which partnered with Indian retailer Alok H&A last year. Women's Wear Daily (subscription required) (14 Mar.) - Mall Group's fashion aisles to get new look
Thailand-based department store The Mall Group will spend 1 billion baht during the next three years to remodel its fashion departments. The first significant makeover for the 30-year-old retail chain was spurred by growing consumer demand for apparel, shoes and accessories, the company said. Bangkok Post (Thailand) (15 Mar.) | E-commerce Spotlight | | | | - Survey: Online marketers say EU privacy law will confuse
Europe's new law that will require online retailers to ask permission before digitally tracking website visitors is likely to be confusing and create disjointed shopping experiences, online marketers said in a recent survey. A full 82% said they believe the law will be bad for the web. Internet Retailer (14 Mar.)  | Secure your business with ADT® 24/7 Monitoring
Get effective, affordable protection with ADT® Business Security. Video surveillance and remote access solutions can be customized to fit your needs. Now save up to 35%! Sign up for a free review today! |
 - Ted Baker promotion mixes in-store, online
Customers at eight Ted Baker stores will get the chance Saturday to have their portraits made wearing some of the designer's pieces. Photos will be shot in booths at the store, then sent via the photo sharing application Instagram to 11 different artists and illustrators who will create the portraits in various media. Mashable (13 Mar.)  | Retailers use video surveillance as a valuable tool to combat shrinkage, which can account for more than 2% of retail sales for some U.S. organizations. Shrink is up 6.6% in 2011 over 2010. This 6-page whitepaper from 3VR gives real examples on how retailers are increasing sales with video surveillance & analytics. Download it free today. |
 | Spotlight on Consumer Electronics | | | | - Tesco accidentally advertises iPads for £49.99
Tesco Direct won't be shipping the hundreds of Apple iPads online shoppers snapped up at the deeply discounted and erroneous price of £49.99, £500 below the recommended retail price. "We always look to offer our customers unbeatable value but unfortunately this is an IT error that is now being corrected," a spokesman said. The Telegraph (London) (14 Mar.) | NRF News | | | | - 6 considerations for international expansion
Fierce and frequent changes in the global marketplace call for a strong (and flexible) international strategy. But what lessons can be learned and applied from European retailers or those that have already expanded internationally? Shop.org Executive Director Vicki Cantrell identifies the first of many issues and considerations a company must make before going global. Read more. Shop.org Blog (12 Mar.)
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--John Burroughs,
American naturalist and essayist  |
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