Thursday, April 12, 2012

Warm weather boosts UK retail sales in March

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12 April 2012
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Global retail industry news

  Global Industry Watch 
 
  • Wal-Mart plans Canada offensive as Target's arrival nears
    Target's plans to open its first stores in Canada next year have rival Wal-Mart planning a strategy to beef up its presence in the country, which accounts for about $11 billion of the retailer's annual sales. Wal-Mart's efforts will likely include price-cutting to keep consumers from switching, analysts say. The Sun (Baltimore)/Reuters (11 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Warm weather boosts UK retail sales in March
    UK retailers saw sales rise 3.6% in March from the month before, as unseasonably warm weather drove sales of apparel and other non-food items, according to the British Retail Consortium. "The early signs of summer got people buying clothes and shoes for the new season. Gardening items and outdoor leisure also saw a lift," said BRC director Stephen Robertson. Brand Republic (U.K.) (11 Apr.) LinkedInFacebookTwitterEmail this Story
  • Li & Fung acquires London's Gieves & Hawkes
    A division of Chinese retail conglomerate Li & Fung has acquired London's Gieves & Hawkes for £32.5 million, in a deal that calls for up to £60m in additional payments tied to sales performance in China. G&H, a 240-year-old Savile Row tailor, has a long history of outfitting members of the royal family and other celebrities. The Independent (London) (12 Apr.) LinkedInFacebookTwitterEmail this Story
  • Other News
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 
 
  • China explores tax changes to build luxury sales
    One government agency in China wants to drop a 30% sales tax on luxury goods to keep more of its wealthy shoppers at home while another worries that the proposal will take too big a bite out of tax revenue. A compromise proposal would create special luxury zones with lower tax rates, a move that would potentially hurt luxury sales in Hong Kong, which currently attracts many of mainland China's wealthy consumers. The Wall Street Journal (11 Apr.) LinkedInFacebookTwitterEmail this Story
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.
  E-commerce Spotlight 
 
  • French consumers give high marks to online-only retailers
    Consumers in France say the service at pure-play online retailers amazon.fr, laredoute.fr, fnac.com and darty.com is just as good as the experience on multi-channel retailers' sites, according to a survey from the Institut français d'opinion publique. "The votes for online sales show a relative balance between web-only players and the web sites of bricks-and-mortar stores," said IFOP's head of business strategies Anne-Sophie Vautrey. Internet Retailer (11 Apr.) LinkedInFacebookTwitterEmail this Story
On the Internet, page-loading delays can stop customers from buying. Download our free report 3 Proven Ways to Boost Transactions with Web Acceleration and learn how Limelight Network's front-end acceleration technology can improve Time to Actions.
  Spotlight on Consumer Electronics 
 
  • RIM to open Middle East stores to push BlackBerry sales
    Research in Motion will open a 1,500-square-foot flagship store in Dubai and plans to roll out several other retail storefronts in the region. The Canadian company is banking on strong BlackBerry sales in the Middle East, Africa and Asia to shore up declines in the US as American consumers opt for iPhones and Android devices. Bloomberg (11 Apr.) LinkedInFacebookTwitterEmail this Story
  • 3 major CE display makers partner with Japan's help
    The display-panel operations of Sony, Toshiba and Hitachi have teamed up to create Japan Display, a government-backed effort to corner the market on displays for iPhones and other small-screen gadgets. Japan's government has invested $2.5 billion for a 70% stake in the new venture, which will compete with South Korea's Samsung Electronics. The Wall Street Journal (10 Apr.) LinkedInFacebookTwitterEmail this Story
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  NRF News 
  • Retail container traffic to rise 3.2% in April
    With rising consumer confidence, job gains and other economic indicators, retailers are beginning to build up their inventories. According to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates, US ports are expected to see more than a 3% rise compared to the same month last year, and year-over-year gains should continue through the end of summer. Read more. LinkedInFacebookTwitterEmail this Story
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I believe that man will not merely endure: he will prevail."
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