Majestic reports 20% surge in first-half profits

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14 November 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Uniqlo expected to target U.S. as it seeks to expand Aeropostale, American Eagle Outfitters and other U.S.-based clothing retailers could be possible takeover targets for Japan's Fast Retailing as it strives to make its Uniqlo the largest apparel retailer in the world. "U.S. properties in yen terms are cheap. The idea that they might want to have some penetration in the largest consumer market on the planet is not a surprise," said Keith Wirtz, chief investment officer at Fifth Third Asset Management. Bloomberg (14 Nov.)      Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today!   Retail in Europe    B&Q warns new levies might force it out of Northern Ireland B&Q, the do-it-yourself retailing giant, said that it might have to leave Northern Ireland if the country imposes new rate levies on big stores. Finance Minister Sammy Wilson has defended the proposed rates increase, saying it will help smaller businesses. Other major retailers have issued similar warnings. Belfast Telegraph (Northern Ireland) (11 Nov.)      Majestic reports 20% surge in first-half profits Majestic, the wine retailer, saw a 20% jump in profit in the first half, but like-for-like sales in its British stores slid 1.1% in October. Steve Lewis, chief executive officer at Majestic, said that trading has becoming more difficult. "When the consumer has a good reason to spend, such as the late summer weather, they spend. Then you have quieter months," Lewis said. The Guardian (London) (14 Nov.)      Key Steps Business Owners Should Know About Successful International Payments. This American Express® guide helps you streamline FX payments. Includes FX payment provider profile, how to simplify payments, and insightful FAQ.   Retail in Asia    Richemont says sales in Asia helped boost profit The luxury-goods maker Financiere Richemont reported €709 million in first-half income, which beat analysts' expectations. The company cited higher sales of Piaget watches and Cartier jewelry in Asia as helping boost profit. Bloomberg Businessweek (11 Nov.)      Chow Tai Fook plans to offer more than 1 billion shares Chow Tai Fook Jewellery Group's term sheet indicates that the retailer is looking to offer about 1.05 billion shares in an initial public offering in Hong Kong. Chow Tai Fook is scheduled to list on Dec. 15. Reuters (13 Nov.)      What's a good health plan for small businesses? There are a number of factors to consider to find a good fit, and making a decision is filled with trade-offs and compromise to balance your cost and the benefits you get for your employees. Download this complimentary whitepaper to begin the evaluation process now!   E-commerce Spotlight    IBM and Suning strike e-commerce agreement International Business Machines and Suning Appliance of China have signed a deal to develop online technology centers in the U.S. and China. "Suning is working toward a goal to build a world-class e-commerce business and the development of a new retail format," said Suning Chairman Zhang Jindong. The Wall Street Journal (tiered subscription model) (13 Nov.)      Lululemon athletica launches online site for U.S. shoppers Canada's lululemon athletica has launched ivivva.com, a U.S. site featuring products for girls. "We heard loud and clear from guests in our U.S. lululemon stores that young girls across the United States are ready for ivivva," said Christine Day, chief executive officer at lululemon athletica. InternetRetailer.com (11 Nov.)      Other News Fashion sector leads e-commerce expansion in Italy Women's Wear Daily (subscription required) (11 Nov.)      Avoid theft and fraud with Modern Video Security. Learn how businesses and institutions are preventing loss and theft by implementing Facial Surveillance, License Plate Recognition, and Advanced Oject Tracking by downloading this Executive Brief from 3VR.   Spotlight on Mass Merchandise    Commentary: Major Canadian retailers face differing fortunes Sears Canada and Metro are poised to release quarterly results this week. Analysts expect the numbers to be mixed. Sears has a new CEO, Calvin McDonald, who has noted that the retailing giant faces an identity crisis and needs significant changes. Meanwhile, Metro has seen its shares jump 9% as investors seek safe havens in consumer staples and other defensive sectors. The Globe and Mail (Toronto) (13 Nov.)      Improve Holiday Sales Results with Tools from Akamai! Now is the perfect time to ensure your website will hold up to the rush of holiday shoppers headed your way. With the challenges facing retailers this holiday shopping season, it's never too soon to focus. Download Akamai's Holiday Toolkit now!   NRF News  NRF pushes for quicker visa approval for tourists from Brazil, China and India NRF last week urged the U.S. Senate to approve legislation that would help create jobs by making it quicker for citizens of Brazil, China and India to obtain visas needed to travel to the United States on business or to shop in U.S. stores. "With rapidly growing economies creating a new breed of affluent shoppers in countries like Brazil, China and India, U.S. retailers have grown to highly value foreign tourists in recent years," NRF Senior Vice President for Government Relations David French said. Read more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification The Buzz(CORPORATE ANNOUNCEMENTS) Business Wire and SmartBrief Announce Partnership Expansion Interested in learning more about advertising with SmartBrief? Click here for detailed industry information and media kits.    SmartQuote  Imagination is more important than knowledge." --Albert Einstein, German-born physicist        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:  Dena Malouf (202) 407-7838 Download Media Kit       Recent NRF Global SmartBrief Issues: Friday, 11 Nov 2011 Thursday, 10 Nov 2011 Wednesday, 9 Nov 2011 Tuesday, 8 Nov 2011 Monday, 7 Nov 2011     Lead Editor:  Liz DeHoff       Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 USA     © 1999-2011 SmartBrief, Inc.® Legal Information

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