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| Global retail industry news |  |
- Rona scales down store size for future growth
The Rona stores of the future will be about half the size of the Canadian home-improvement chain's traditional superstores and carry about half the number of products, as illustrated by the newest store set to open today in Edmonton, Alberta. "It's a bold plan to change the face of a company," said executive Luc Rodier. The Globe and Mail (Toronto) (08 Aug.)      - CEO: Tumi isn't suffering amid global slowdown
Tumi has seen strong sales at home and abroad, despite the global economic slowdown, CEO Jerome Griffith said. Sales are growing in part because the retailer has diversified its offerings beyond premium luggage, which now only accounts for about 25% of sales, to include accessories, eyewear and small leather goods. CNBC (07 Aug.)  | Need to optimize your shared services organization? Learn from KPMG how global business services (GBS) can enable business growth, improve agility and give you a competitive advantage. We've got 10 ways you can leverage GBS as a strategic asset. Download your copy of 10 Leading Practices for GBS. |
 - Met Police work to protect London shops in wake of 2011 riots
London's Metropolitan Police force has drawn up new standards aimed at better protecting the city's merchants after riots last year that affected about 7% of the UK's retailers. "The violence highlighted how vulnerable the retail sector can be and therefore how important it is that we are able to work well with the police," said Catherine Bowen, head of crime policy for the British Retail Consortium. Retail Week (U.K.) (subscription required) (08 Aug.)  | The State of Customer Data Integration in 2012: Industry Report
This free report from Scribe Software covers the What, Why & How of CRM Integration. In this report learn how customer data integration can play a critical role in addressing operational challenges in sales, marketing and customer service. Download the free report now. |
 - Pizza Hut Pakistan drops all-you-can eat Ramadan deal
Pizza Hut in Pakistan has angered Muslim families who in years past would head to the chain to break their daily Ramadan fasts with the all-you-can eat pizza deal. "The former all-you-can-eat format served as an unrestrained invitation to gluttony and waste, colliding with the very spirit of Ramadan," a spokeswoman said. The Telegraph (London) (07 Aug.)  | 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 |  |  | | - E-tailers appeal to investors' sense of style
Venture capitalists are finding much to like about online fashion sellers J. Hilburn, American Giant and Bonobos, which sell high-end and made-to-order looks for less than department store prices. "Who's going to justify going to buy a shirt for $250 ready-to-wear when they can buy a custom-made shirt with the same fabric for $109? That's the big bet we're making," said Hil Davis, co-founder and CEO of J. Hilburn. Bloomberg Businessweek (08 Aug.) | Spotlight on Luxury Goods | | | | - Luxury firms ponder price increases
Luxury goods cost China's wealthiest consumers about 40% more at home than abroad because of the country's high tariffs and a weak euro. The disparity reportedly has some upscale conglomerates pondering price increases in Europe to narrow the gap. "We will do whatever is in the best interest of Vuitton and LVMH profits," said LVMH finance chief Jean-Jacques Guiony. The Wall Street Journal (06 Aug.) | NRF News | | | | - Lowest rate for Retail's BIG Show expires 10 Aug.
The NRF Annual Convention & EXPO earned the nickname "Retail's BIG Show" because it attracts the biggest crowd, the hottest companies, and the best minds in the industry. With more than 25,000 attending last year, including retailers from 78 countries such as Brazil, Canada and the UK, the event is a can't-miss in 2013. Save $450 when you register by 10 Aug. for this year’s show, held 13-16 Jan. in New York City. Learn more or register.
| SmartQuote | | | |  | If the highest aim of a captain were to preserve his ship, he would keep it in port forever."
--Thomas Aquinas,
Italian priest, philosopher and theologian  |
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