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| Global retail industry news |  |
- P&G, Eon Productions launch new Bond fragrance
The James Bond 007 fragrance debuts 15 Aug. at Harrods, coinciding with the 50th anniversary of the James Bond film franchise. Eon Productions, which produces the Bond films, partnered with Procter & Gamble to create the scent. "P&G really captured the essence of the brand," said Keith Snelgrove, global business director of Eon. "We'd wanted to do a fragrance for 10 years, and we want this one to be a global success." Women's Wear Daily (subscription required) (01 Aug.)       | For years, companies have sought to connect the dots between social media marketing and real return-on-investment (ROI), with increased sales being the holy grail. This report shows you how some of today's biggest companies are accomplishing this. Download report |
 | Retail in Europe |  |  | | - UK's Next notes higher sales than competitors
With a business model well-suited to remain profitable in a difficult economic market, fashion retailer Next experienced a 4.5% total sales increase over the past six months. Tight cost control and cheap sourcing of raw materials have allowed Next to increase its store expansion rate, even when rivals are cutting back. The Wall Street Journal (01 Aug.) - Chinese retailers take a hit as consumer spending slows
Slowing consumer spending in China is leading to inventory overloads, discounting and losses for many brands. "Domestic consumption demand is slowing in China," said Eugene Mak, an analyst at Core Pacific-Yamaichi International Hong Kong Ltd. "We do generally see an increase in promotions and discounts in both China and Hong Kong this year. Partly, it's the inventory build-up, the other part is just slower demand." Bloomberg Businessweek (01 Aug.) - Shoppers Stop increases share of private labels
Shoppers Stop is working to improve its top line and margins by holding consumer events and correcting merchandise mix at Crossword book stores. The company reduced prices of its private brands by 5% to improve traction from buyers, and held makeover marathons where consumers could sample products free of charge. Business Standard (India) (02 Aug.)  | 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. |
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