| Global retail industry news |  |
- Investors eye Australia's David Jones for buyout
Australian department store chain David Jones projected its lowest profits in six years amid steep competition from the online arms of US chains including Saks and Nordstrom. Lower share prices combined with about $1.2 billion in real estate holdings make the retailer a prime candidate for a buyout, investors say. Bloomberg (20 May.)       | Where Government Actions Meet Business Decisions.
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Visit bgov.com/SeeTheImpact for more information. |
 | Retail in Europe |  |  | | - Waterstones to sell Amazon's Kindle, add digital features
UK bookstore chain Waterstones will start selling Amazon's Kindle e-readers and allow shoppers to browse digital book offerings with free Wi-Fi at its nearly 300 stores. "The best digital readers, the Kindle family, will be married to the singular pleasures of browsing a curated bookshop," said managing director James Daunt. BBC (21 May.)  - Chinese consumers seek Western goods to meet different goals
Chinese consumers crave global brands in everything from fast fashion to luxury cars, with an eye on projecting success to others rather than satisfying the self, writes J. Walter Thompson's Tom Doctoroff. "Chinese at all socioeconomic levels try to 'win' -- that is, climb the ladder of success -- while working within the system, not against it," he writes. The Wall Street Journal (18 May.)  | Download Forrester Research, Inc.'s April 2012 report: SMB eCommerce Solutions 2012, A Guide To Selecting Your eCommerce Solution, and learn which SMB eCommerce solution you should consider for your business. Click here for your complimentary copy. |
 - Will Brazilian retail chain thrive under French owner?
France's Casino has taken control of Brazil's Pão de Açúcar after more than 10 years of negotiations; now analysts wonder how the company will fare without longtime chairman and aggressive deal-maker Abílio Diniz. "Pão de Açúcar is one of those personality-driven companies," said Flávio Barros, a fund manager for Grau Gestão de Ativos in São Paulo. "What's coming next is a bit clouded." Reuters (21 May.)  | Learn how a multi-layered data security solution, including encryption and tokenization, protects data in transit, in use and at rest. When combined, these two technologies provide a powerful method for securing sensitive data wherever it exists. Get proof here. |
 - Alibaba will pay Yahoo! $7.1 billion in stock buyback
Chinese e-commerce company Alibaba Group Holding will pay about $6.3 billion in cash and $800 million in stock to buy back 20% of itself from Yahoo!, the companies said. Alibaba, which reportedly is positioning itself to go public, has been working to buy back Yahoo!'s interest for more than a year. Bloomberg (21 May.)  | Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here. |
 | Spotlight on Mass Merchandise | |  | | |  | - Food makers to push healthy snacks in India
India's Britannia Industries has seen success with the launch of a baked snack line and others including PepsiCo, GSK Consumer Healthcare and Marico are working to launch healthier snacks in India, despite earlier offerings that fizzled out. "Traditional Indian meals are quite healthy, but as more people become conscious of their physical well being, they start looking for healthier options even when the feel peckish between meals," says Unibic Biscuits managing director Nikhil Sen. The Economic Times (India) (21 May.) - Demand in China drives stronger exports for UK food makers
Food and drink makers comprise a significant segment of Britain's manufacturing sector, and they're getting a boost as Chinese consumers increasingly buy Western brands. "In so many cases the Chinese have taken over our manufacturing base, but with British food they can't do that," says Lance Forman of smoked-salmon manufacturer H Forman & Sons. The Guardian (London) (19 May.)  | You've heard about the switch businesses are making to VoIP phone systems but are they right for your business? With more features and lower costs, the answer is probably yes. But don't take our word for it. Read Ziff Davis' Phone Systems Buyer's Guide and Comparison Guides, FREE with your registration. |
 | NRF News | | | | - NRF and Shop.org head to Barcelona for Global E-Commerce Summit
E-commerce leaders from around the world will gather at the 4th Annual Global E-commerce Summit in Barcelona, Spain, June 4 to 6. Shop.org, NRF's digital division, is partnering with Summit organizers on programming and speakers. NRF President and CEO Matthew Shay will open the event, and Vicki Cantrell, Shop.org's Executive Director and NRF's SVP, Communities, will serve as the Global Retailing Chairwoman and Social Commerce Chairwoman. Learn more.
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