02 November 2010 - Italy's Zegna sees higher suit sales in China than in US

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02 November 2010 Sign up Forward Archive Advertise Global retail industry news     Global Industry Watch  Italy's Zegna sees higher suit sales in China than in US Ermenegildo Zegna Group, an Italian luxury suit maker, said it saw higher sales of suits, which range in price from about $2,000 to $40,000, in China this year than it did in the US. "We were the first luxury brand to move to China in 1991," said CEO Ermenegildo Zegna. "It became the largest market this year before the United States. So those resources invested in a tough year brought an incredible payback that was able to generate new investment in another part of the world." CNBC (01 Nov.)   Retail in Europe    Germany's Metro raises 2010 profit target Metro, a German retailing giant, posted strong quarterly results, prompting an increase in its 2010 profit target. Metro noted a boost in key markets in Eastern Europe after a slump brought about by the global economic slowdown. "Eastern Europe is making a comeback as a growth driver," Metro CEO Eckhard Cordes said. Google/Agence France-Presse (02 Nov.) Coach enters Europe as economy picks up Lew Frankfort, chairman and CEO of Coach, has been on a tour of Europe as the US-based accessories company makes its entrance in France, Spain and the UK. "We made a decision to go into Europe before the wind changed," said Frankfort, referring to Coach's arrival in Paris as economic growth in Europe speeds up. Coach has already been successful in mainland China, where it operates nearly 50 locations, and Japan. The New York Times (free registration) (01 Nov.) What could be better than supporting and managing your BlackBerry smartphone deployment, for free? Nothing. Now you can get industry-leading security and device management tools for BlackBerry smartphones, for free. Download BlackBerry Enterprise Server express today and get started.   Retail in Asia    Christian Louboutin to open in China, India Christian Louboutin is planning to tap into an increase in luxury spending in India and China by opening stores in the Asian nations. Designer and founder of the company Christian Louboutin said a store will open in Beijing in July and another one will launch in Shanghai later next year. The company also has its eyes on Brazil, Louboutin said. Bloomberg (02 Nov.) Other News India's Shoppers Stop plans more Hypercity stores Reuters (01 Nov.) Gain Control of Your Most Expensive Resource The market for workforce management is still maturing and many growing companies have yet to implement a workforce management system. Download this complimentary article to learn about why growing companies need to adopt a workforce management solution to stay competitive and the business value this solution provides.   E-commerce Spotlight  Best Buy to open online store in UK US-based consumer electronics retail giant Best Buy, which opened its first store in Britain in May, is planning to launch an online site in the UK. Best Buy is taking its battle with Comet, Currys and Argos online. Best Buy's move comes as online consumer electronics sales, not including mobile phones, computers and some other purchases, are forecast to exceed £1 billion in Britain this year. The Independent (London) (02 Nov.) Aido.com bucks Middle Eastern trend with narrow focus Online shopping sites in the Middle East have tried to be all things to all people, offering a large, diverse selection of products. Not many have made the business model work, however, which might be why Sanjay Amarnani decided to take a narrower focus with his site, Aido.com. The retail sites concentrates on entertainment. Gulf News (United Arab Emirates) (02 Nov.)   Technology Solutions  Social media proves game-changing for traditional retail Daily-deal sites such as Groupon and LivingSocial are offering consumers deeper-than-ever discounts, and social media players including Facebook and Twitter allow brands and manufacturers more direct connections with consumers than ever before. Traditional retailers can compete successfully with these changes, but only by creating their own strong social media presences, writes CustomerThink blogger Harish Kotadia. CustomerThink (30 Oct.)     Spotlight on Grocery  German bakers are hot over ALDI's automats ALDI supermarkets in Germany have started installing automats, with the word "Backofen," which means "baking oven," and pictures of wheat and whole grains printed on them. The automats have enraged the country's traditional bakers, saying that ALDI's marketing of the bread from the automats as "fresh out of the oven -- direct into the bag" is misleading. The Wall Street Journal (01 Nov.) Morrisons to create jobs for "vulnerable" people Morrisons plans to train people who used to live on the street to become butchers, bakers and fishmongers. The supermarket chain, which is planning to create more than 10,000 new jobs, has vowed to give 1,000 of those jobs to "vulnerable" people. The company said its management "believes by investing in individuals from all backgrounds and experiences, including those who need a hand-up rather than a hand-out, it can gain the most loyal and hard-working employees." Telegraph (London) (01 Nov.) Other News ASDA taps Simon King as chief operating officer The Guardian (London) (01 Nov.)   NRF News  What's Hot in Retail? We've got your list The hottest items in retail last month included a slew of holiday-related resources, including blog posts on the top 10 trends for the 2010 holidays and a Q-and-A with Hobby Lobby's CEO on what to expect this season. Also popular: NRF's recently released economic analysis on the impact of a Value Added Tax. Read more. Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  Elections are won by men and women chiefly because most people vote against somebody, rather than for somebody." --Franklin Pierce Adams, American newspaper columnist   This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy   Advertise Senior Account Director:  Susan Kim (202) 407-7877 Download Media Kit       Recent NRF Global SmartBrief Issues: Monday, 1 Nov 2010 Friday, 29 Oct 2010 Thursday, 28 Oct 2010 Wednesday, 27 Oct 2010 Tuesday, 26 Oct 2010     Lead Editor:  Megan Conniff       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 USA     © 1999-2010 SmartBrief, Inc.® Legal Information

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