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| Global retail industry news |  |
- Report: Hong Kong, NYC boast world's highest retail rents
Strong demand coupled with scarce supply sent retail rents in Hong Kong and New York City soaring 19% and 15.1% respectively in the first quarter of 2012, according to a new report from CBRE Group. Retail rents across all regions rose 0.8% in the three-month period, with the Americas in the lead with a 3.4% increase. Bloomberg Businessweek (12 Jul.)       | Scan as fast as you work. Scan as fast as 60 pages per minute with the new Canon DR-M160 and increase your productivity with a bigger daily scan volume of up to 7,000 pages. The document quality is improved with a scan resolution as high as 600 DPI.
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   | Discover Orlando's Dining & Entertainment Districts
From culinary hotspots to energetic nightlife, Orlando makes business trips more rewarding. Boasting six diverse dining and entertainment districts, Orlando provides an atmosphere that's unique and sophisticated for business dinners, networking and team interaction. Find out how business events are just the beginning at OrlandoDistricts.com. |
 - Chinese consumers lose taste for homegrown brands
Chinese sportswear brands including Li Ning and Anta Sports Products have fallen out of favor with consumers at home, many of whom increasingly favor Western brands such as Nike and Adidas. "Foreign brands are more popular with China's growing middle classes who can afford pricier and trendier products," said analyst Eugene Mak. The Wall Street Journal (12 Jul.) - Report: China's retail sales rose 14.4% in 1st half
Retail sales in China were up 13.7% in June and 14.4% in the first half of the year, the National Bureau of Statistics reported Friday. Consumer prices hit a 29-month low, a trend that's likely to support strong domestic demand and boost sales in the coming months, said Industrial Bank chief economist Lu Zhengwei. China Daily (Beijing) (13 Jul.)  | 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. |
 | E-commerce Spotlight |  |  | | - Groupon pulls unauthorized deals from India site
Groupon has pulled deals for shirts from American Eagle Outfitters and Abercrombie & Fitch from Crazeal.com, a daily deal site it owns in India, because the site did not have the rights to sell the items, the company said. Neither of the US apparel brands has a retail presence in India. Chicago Tribune/Reuters (free registration) (12 Jul.) | Spotlight on Fashion | | | | - Topshop, Topman to open 1st pop-ups in Africa: Topshop and Topman will open pop-up in-store shops at the Unknown Union store in Cape Town, South Africa, this week. The shops, set to stay open through October, were created to test how well the fashion brands resonate in the market. Bloomberg Businessweek (09 Jul.)
| NRF News | | | | - Report: US and UK retailers lead in cross-channel development
Retailers in both mature and emerging markets are seeking the advantages of cross-channel retailing. But as technology keeps changing, which companies are doing the best at mastering a long-term strategy and surviving day-to-day? In a new addition to the Shop.org white paper library, the Ebeltoft Group takes a look at cross-channel retailing in 17 counties, as well as the sectors with the best developed tactics. Download the white paper.
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