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  | Global retail industry news |  |
- Airport shops see jump in luxury spending
Sales of luxury goods at airport retail and duty-free shops jumped 28% between 2008 and 2011, and is expected to rise 25% to $44.5 billion by 2014 as wealthy travelers from China, Russia and Brazil keep shopping, according to Generation Research. Retailers including Tiffany & Co. and Estée Lauder are looking to boost their presence at popular international airports to take advantage of the trend. The Guardian (London) (04 Jul.)       | 10 Principles for Building an Effective Human Capital Plan
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 - Report: Plastic bag fee in Wales seems to be working
Plastic bag use at supermarkets in Wales has plummeted up to 96% after a per-bag fee took effect there last fall, according to the British Retail Consortium. Additionally, the number of consumers taking their own reusable bags on shopping trips rose from 42% to 64% after the fee took effect. The Guardian (London) (04 Jul.)  | Any business expanding globally needs to be aware of the complex and oftentimes stringent privacy regulations they'll encounter as they move into new markets. In the EU, for instance, a strict regulatory framework that could spell headaches for U.S. businesses who don't have the facts. Download this FREE eBook to avoid common pitfalls and streamline EU legal compliance. |
 | Retail in Asia |  |  | | - China's Li Ning loses CEO amid slowdown
Founder and Olympic gymnast Li Ning will step in to help run his namesake sportswear brand while the company searches for an executive to replace CEO Zhang Zhiyong, who stepped down Thursday. "It's set to strengthen the management team. At least the management is now facing the problems of the industry and trying to solve them," said analyst Steve Chow. Reuters (05 Jul.) - July election likely to restart FDI order in India
A government order allowing foreign companies to own a majority share in multi-brand retail operations in India is expected to be revived after the country elects a new president later this month. Commerce and industry minister Anand Sharma is leading the charge to finalize the effort that would allow foreign companies to own 51% of supermarkets and other multi-brand stores. The Economic Times (India) (05 Jul.) | Retail in Latin America | | | | - Chairman: Cencosud won't make moves into Mexico
Chilean retail conglomerate Cencosud has been expanding through acquisitions in South America, but the company has no plans to expand its reach into Mexico, Chairman Horst Paulmann said Wednesday. The company operates a variety of retail outlets including department stores and supermarkets in Chile, Argentina, Brazil, Peru and Colombia. The Wall Street Journal (04 Jul.) | E-commerce Spotlight | | | | - Survey: Online shoppers would pay more for faster deliveries
UK consumers are OK with paying an average of £2.99 per order in shipping fees, but they see room for improvement when it comes to speed and accuracy, according to a survey by OnePoll. Additionally, 40% said they would pay more for next-day delivery and 22% said they would increase fees in exchange for a two-hour delivery time slot. The Retail Bulletin (04 Jul.) | Technology Solutions | | | | - NFC for Europe is in store from MasterCard, Deutsche Telekom
MasterCard and Deutsche Telekom are teaming to offer NFC-enabled payments to Deutsche Telekom customers across Europe, beginning soon in Poland. To further the push, Deutsche Telekom will become a credit card issuer for MasterCard, as well as a sales partner for the point-of-sales terminals needed for NFC transactions, unlike a similar deal between, Vodafone and Visa under which Vodafone would not have issuer status. GigaOm (02 Jul.), CNET (02 Jul.) | Spotlight on Consumer Electronics | | | | - US consumer electronics chains target college-bound students
US consumer electronics chains Best Buy and RadioShack will focus much of their back-to-school season marketing efforts on students looking for laptops and tablets before they head off to college. "We found out that really for us, it is the student that is just finishing high school and about to go into college that really, really matters," said Best Buy executive Drew Panayiotou. Orlando Sentinel (Fla.)/Reuters (03 Jul.) | NRF News | | | | - How Sears adjusts the supply chain model for an omnichannel reality
Fulfilling the marketing promises made to customers often relies on the effectiveness of the retailer's supply chain model, and according to Sears Holding Corp. SVP and Supply Chain President Raj Penkar, supply chain professionals have to be a little more innovative to meet these demands. At NRF's Global Supply Chain Summit in Atlanta, Penkar explained how Sears' new distribution strategy has enabled it to meet these challenges and deliver on more than 90% of online orders the next day. Read more. Retail's BIG Blog (08 May.)
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