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  | Global retail industry news |  |
- Harry Winston looks to buy diamond mines
Canada-based gem producer and jewellery retailer Harry Winston is considering acquiring diamond mining operations from Rio Tinto Group and BHP Billiton. Both companies say they are considering selling their diamond operations amid declining prices to concentrate resources on iron ore and copper mining. Bloomberg Businessweek (18 Jun.)       | The recruiting ecosystem is changing, led by professional social networks like LinkedIn and social media apps like Jobvite. Examine how the new ecosystem creates a streamlined, scientific and democratic approach to the recruiting process in this free white paper. |
 - Inditex acquires Zara flagship in London
Zara parent Inditex paid 155 million pounds to buy the 7,000-square-metre site at the intersection of Oxford Street and New Bond Street that's home to its London flagship, the Spanish company said Monday. The retailer leases most of its store spaces, but has been buying a few high-profile spaces, including spots in Milan and on New York City's Fifth Avenue. Reuters (18 Jun.)  | Where Government Actions Meet Business Decisions.
Understand the impact of legislative, regulatory and spending actions on your business with an online tool featuring customized government-related data, news and analysis.
Visit bgov.com/SeeTheImpact for more information. |
 - Business booms at China's wedding dress factories
Other exports may be slowing, but global demand for wedding gowns and formal dresses from factories in China's Guangdong province hasn't skipped a beat, with first-quarter exports up 5.9% over the same period last year. "To tell you the truth, orders for wedding and evening dresses have kept flooding in over the past few months of this year. We have had to turn down many of them for fear of failing to fulfill the contracts," said Liu Sirong, chairman of Guangdong Jinchao Group. China Daily (Beijing) (14 Jun.)  | INC: The Keys to Smart and Profitable Business Credit Management — As growing companies focus on closing sales and offering payment terms, it becomes even more critical to establish an effective credit management system. Learn about the tools you need to improve credit processes and mitigate risk. Download the whitepaper today! |
 - How a retail outsider became supermarket king of Brazil
Jean-Charles Naouri makes the most of his outsider status. As CEO of France's Groupe Casino, which is set to take over Brazil's biggest retailer Friday, Naouri has built his business by taking stakes in struggling companies and engineering turnarounds and takeover battles that sometimes result in lengthy legal fights. The Wall Street Journal (18 Jun.)  | Knowing your customer better comes with undeniable benefits. But challenges arise from behaviorally-targeted advertising with critical caveats on the management of personally identifiable information. Learn to balance profitable marketing, regulation and consumer trust in this FREE white papaer. |
 - Australian online retailer adds outdated browser "tax"
Online consumer electronics retailer Kogan has added a 6.8% surcharge on customers using Internet Explorer 7, saying it's costly for developers to put in so much time making the site compatible with the 6-year-old browser. "It's not only costing us a huge amount, it's affecting any business with an online presence, and costing the Internet economy millions," the company said in a blog post. Internet Retailer (18 Jun.)  | 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. |
 - Brazilian fashion chain builds RFID system
Brazilian apparel retailer MeMove has built an inventory management system that uses soft RFID chips sewn into each garment. The chips interact with specially equipped shopping baskets that tally up the price as each item is placed in the basket, and let customers pay by credit or debit card at POS terminals. Inside Retailing Online (18 Jun.)  | RadioShack has a global presence and a variety of innovative products and services. With reasonable investment levels and hundreds of potential markets, a RadioShack franchise represents an exciting opportunity for you to associate with a powerful retail brand. Click here to learn more. |
 | Spotlight on Grocery |  |  | | - Tesco to sell Japan operations to Aeon
UK-based supermarket retailer Tesco will sell 50% of its operations in Japan to Aeon, invest £40m in "restructuring" fees in the joint venture and eventually sell Aeon the remaining 50%, the company said Monday. The restructuring fees represent Tesco's final investment in Japan, where it opened its first store in 2003 and today operates 117 Tsurakame, Tesco and Tesco Express stores in and around Tokyo. The Telegraph (London) (18 Jun.), The Wall Street Journal (18 Jun.) - Tesco puts £10 cap on price-check vouchers: Tesco has capped at £10 the amount customers can receive in vouchers under its program that offers cash back when the grocer's prices on specific items are higher than the prices at rival ASDA. The retailer has also changed the name of the program from Price Check to Price Promise. The Daily Mail (London) (16 Jun.)
- UK grocers use food waste to power savings
UK grocery chains are increasingly diverting food waste and other trash from landfills to biogas plants, where everything from fish heads to leftover sandwiches can be turned into fuel. It's a win-win for chains including Tesco, Sainsbury, Waitrose, ASDA and Marks & Spencer, which can use the sustainability stories in their marketing efforts while they cut spending on ever-pricier landfill fees, industry experts say. Bloomberg Businessweek (14 Jun.) | NRF News | | | | - How digital will impact the next generation of in-store shopping
There's no doubt retail marketing has been redefined over the past decade as consumers have set forth increasingly higher expectations in the age of cross-channel. In a Shop.org First Look Track session at Retail's BIG Show, Bryan Eisenberg shared his thoughts on what the future shopping experience will look like -- as well as how digital retailers can prepare for the future now. Read more.
| SmartQuote | | | |  | It seems that the creative faculty and the critical faculty cannot exist together in their highest perfection."
--W. Somerset Maugham,
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