South Africa poised to rule on Wal-Mart's bid for Massmart

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31 May 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    South Africa poised to rule on Wal-Mart's bid for Massmart The Competition Tribunal of South Africa said it will release today its decision on whether Wal-Mart Stores, the largest retailer in the world, can move forward with its plan to take a controlling stake in Massmart Holdings. "The issue will likely be between conditions and saying no to the deal," said Rob Davies, South Africa's minister for trade and industry. "Wal-Mart has offered some conditions." Business Day (South Africa) (30 May.), The Wall Street Journal (tiered subscription model) (30 May.) JB Hi-Fi in line to grow market share, analyst says Thomas Keirath, an analyst at Morgan Stanley, said that JB Hi-Fi is poised to survive the increased threat of online retailing because of its early online presence, cut-price branding and low cost base. Keirath's report says JB Hi-Fi and other major retailers will increase their market share as consolidation in the market ramps up. The Herald Sun (Melbourne, Australia) (31 May.) Australian retailers want more flexible trading hours Harvey Norman, Coles, Woolworths and other major retailers in Australia are calling on the government to allow them to open whenever they want, with the exception of key holidays, in an effort to compete with online retailing. "The wrong policy settings could result in the globalisation of the retail sector seriously threatening the viability of Australian retailers and the jobs of many Australians," according to the Australian National Retailers Association. The Herald Sun (Melbourne, Australia) (30 May.) Let Social Media Find Your Staff For You Give your hiring managers fast, easy access to quality employees by pairing social media with automated recruitment solutions that use Web 2.0 functionality. Download the white paper Automating Social Recruiting for Better Hiring and see how 85 percent of best-in-class companies save money with automation.   Retail in Europe    M&S aims to align remuneration more with performance Marks & Spencer is shifting its executive pay structure by incorporating return on capital employed as an additional factor in remuneration. M&S said its new pay policy will be outlined in its annual report, which is scheduled to be released in June. The Independent (London) (30 May.) Demand for retail space in York soars Andrew Hedley of Blacks Property Consultants said demand for retail space in York's city centre has surged. Hedley said small merchants as well as larger chains are inquiring about opportunities. "I can only think of central London where similar demand levels exist," he said. The Press (York, England) (30 May.) Help protect your employees by managing business travel risks with Zurich's white paper 'Managing the Risks of Business Travel: What every business needs to know'. Click here for the FREE download!   Retail in Asia    Samsonite hopes to raise up to $1.5 billion in Hong Kong IPO Samsonite International is the latest in a series of foreign retailers aiming to raise money on the Hong Kong Stock Exchange as a gateway to the increasingly attractive China market. An initial public offering in Hong Kong will allow CVC Capital Partners to sell some of its stake in Samsonite. The firm's IPO is scheduled to launch on Friday. The Wall Street Journal (tiered subscription model) (30 May.) Ad Compliance Best Practices Kit — Stay ahead of consumer concern and government regulation with TRUSTe. Gain an overview of what Behavioral Advertising (OBA) is, why it is important, and what your options are. Insights from the FTC, DAA, TRUSTe, Forbes, Publisher's Clearing House and more. Register Now.   Retail in Latin America    Brazil's Pao de Acucar in merger talks with Carrefour, sources say Abilio Diniz, chairman of Grupo Pao de Acucar, is in preliminary negotiations about a potential merger with Carrefour, sources said. The talks were prompted by concern that Wal-Mart Stores and Chile's Cencosud could be considering acquiring the Brazilian assets of Carrefour, a source said. Reuters (30 May.) How CFOs and VPs of Sales Can Improve Forecast Accuracy & Increase Revenues Are your current systems for forecasting sales and revenue as accurate as you would like? Do you currently use a structured, collaborative, and fact-based forecasting process? To learn more about how you can dramatically extend your forecasting & reporting capacities with an easy to use solution, click here to learn more.   E-commerce Spotlight  China's Taobao ramps up rivalry with traditional retailers Taobao, a major e-commerce firm in China, has opened a large home furnishings showroom in Beijing to give customers the opportunity to try out big-ticket items, such as sofas and tables. Customers then place orders online. The five-story showroom is one of the latest efforts by an online retailer moving in on the territory of traditional retailers in China. "The dominant retailer in China someday may be an online retailer," said Richard Ji, an analyst at Morgan Stanley. Google/The Associated Press (29 May.) Other News Sainsbury's to offer "click & collect" service in more stores The Independent (London) (30 May.)   Spotlight on Grocery  Morrisons ramps up effort to acquire retail space Morrisons is rapidly buying properties, an indication that the supermarket chain is broadening its horizons under CEO Dalton Philips. Some say Morrisons is distorting the market, but insiders say that price is the determining factor. In March, Morrisons noted that it plans to open 2.5 million square feet of retail space over the next few years. The south of England is a key focus, the company said. The Independent (London) (31 May.)   NRF News  How mobile devices impact Facebook, Twitter use As more Americans carry iPhones and Androids with them everywhere, accessing social networking sites like Facebook and Twitter become easy ways to pass the time or share experiences, according to a joint research project by Shop.org, comScore and Social Shopping Labs. The study, conducted in April of this year, also outlines what shoppers really want from retailers' Facebook pages and addresses the awareness and popularity of group-buying sites. Read more. Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  If you have no confidence in self, you are twice defeated in the race of life. With confidence, you have won even before you have started." --Marcus Garvey, Jamaican publisher, journalist, entrepreneur and orator   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 Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Susan W. 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Email-Id Awarded £750.000.00 Pounds in B.P.O Promo Send"

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Message from Patrick

Forgive me for not having the pleasure of knowing your mindset before making this offer which I know must come to you by surprise. It is the pressure of life that made me write you in this manner. I humbly wish to solicit your assistance in a funds transfer business. This money was drawn and kept away, out of the excess and unprecedented profit made last year by my branch office in which I am the manager. I have already submitted an audited, approved and certified end-of-the-year report for the year 2010 to my head office and they will never on earth find out. Equally dividends has been declared and shared to the shareholders of the bank on 30th March, 2011 during the bank's Annual General Meeting.

I since then placed the funds on a Non-Investment Account without a beneficiary. Could you perhaps be able to receive these funds under due and legal process, I will fill in your name and configure it in our bank database as holder of this Non-Investment Account. I will then guide you on how to apply to my head office for the Account Closure/bank-to-bank remittance of the fund to your designated bank account.

I wish you retain 40% of this risk free transaction if you give me your consent, while 60% shall be for me. I believe this is God's sent to help me alleviate the sufferings and pains I am passing through in life for quite an appreciable number of years now. This transaction will be executed under a legitimate arrangement that will protect you from any breach of the laws of my country Ghana and yours. Your major role would be to provide an existing account or open an account with zero balance, where the fund will be transferred and you then stand as the original depositor of this fund in our bank.

At this juncture, I wish to tell you what prompted me to package this deal. My mother has leukemia, (a disease of the blood) and she needs an urgent bone marrow transplant or else she will die in a no distance time. I want this transplanting to be done in any good hospital in your country as quickly as we can conclude this business of ours. If there is any known hospital to you or you can assist me and find one for me. Once this fund is transferred into your account, I shall take my annual leave and bring in my sick and ailing mother along with my dear wife so that you can help put us through with the hospital activities throughout their stay, because i intend to come back and resume my duty at the expiration of my leave. Please do bear with me for saying that you will assist us, I said this because at this juncture I believe you are now a dear friend to me. Thanks in anticipation.

With Regards,

Patrick Frimpong.