  Global retail industry news |  | - Target, Wal-Mart set to hire more than 30,000 in Canada
Target is on a mission to hire up to 27,000 workers as it expands into Canada in the next two years, while rival Wal-Mart will staff expansion efforts with about 4,000 new hires. The US-based retailers' move northward is expected to significantly shake up established apparel and department store retailers including Sears Canada and Canadian Tire, says analyst Kathleen Wong. Bloomberg (03 Jul.) - Australia's regulators look into David Jones offer
Market regulators in Australia are looking into EB Private Equity's short-lived $1.69 billion offer to acquire upscale Australian department store chain David Jones, which sent the chain's share price up 15% on Friday and down 10% after the offer was withdrawn on Monday. "We're monitoring our own share price and transactions on our register," said spokeswoman Helen Karlis. The Wall Street Journal (02 Jul.), Bloomberg Businessweek (02 Jul.)  | Hiring exceptional talent is critical to the success of your business. Whether it’s the executive who offers visionary leadership, or the sales professional who won’t settle for less than 100%, a business needs great people to thrive. This guide provides best practices for securing the top talent you need to drive business results. |
- Poundland claims more middle-class shoppers
UK discount chain Poundland sees 12% of its customers coming from middle-class households, up from 7% four years ago, as more consumers look for bargains to stretch their budgets further in tight economic times, said CEO Jim McCarthy. The chain opened 60 new stores last year and plans to duplicate that in 2012, with some new locations in more affluent areas including Cambridge and Oxford. The Daily Mail (London) (02 Jul.) - Louis Vuitton debuts Paris jewellery shop
LVMH opened a new Louis Vuitton-branded jewellery shop in an upscale Paris shopping area on Monday, selling baubles ranging from $820 mementos to necklaces dripping in diamonds that can sell for millions. Jewellery is anticipated to be the fastest-growing luxury segment, expected to grow by 10% annually through 2014, according to a recent Bain study. Reuters (02 Jul.)  | 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. |
- Wal-Mart forges ahead with China growth plans
Wal-Mart is continuing to expand its presence in China, despite recent grocery setbacks and concerns that have other multi-national brands including Procter & Gamble pulling back. The US retailer entered China in 1996, operates 370 stores there today and is focusing its expansion plans on smaller cities that offer the potential for faster growth than established urban areas. Forbes (02 Jul.) - India's retailers kick off summer sale season early
Retailers in India launched their spring-summer sale season a few days earlier than the traditional first week of July kick-off, and high-end brands including Jimmy Choo, Burberry and Ferragamo launched early sales for their preferred customers. "It was expected that this year sales would start early, which is just a cautious approach taken by retailers in the current economic scenario, as inventory pile up is a big concern," says retail consultant Amit Gugnani. The Times of India (01 Jul.)  | Discover Orlando's Dining & Entertainment Districts From culinary hotspots to energetic nightlife, Orlando makes business trips more rewarding. Boasting six diverse dining and entertainment districts, Orlando offers an atmosphere that's unique and sophisticated. Find out how business events are just the beginning at OrlandoDistricts.com. |
- Report: Australia's online retail growth slows
The pace of online retail's growth in Australia has been slowing in recent months, with sales growing 14% in May compared to 19% in March, according to the NAB Online Retail Sales Index released Monday. Overall, online shopping now accounts for 5.2% of all retail spending in Australia. Inside Retailing Online (02 Jul.)  | INC: The Keys to Smart and Profitable Business Credit Management — As growing companies focus on closing sales and offering payment terms, it becomes even more critical to establish an effective credit management system. Learn about the tools you need to improve credit processes and mitigate risk. Download the whitepaper today! |
 Technology Solutions |  |  | | - Apple will shell out $60M to settle trademark tussle in China
Apple has agreed to pay $60 million to settle a trademark dispute over the iPad name in China. The settlement ends a dispute between Apple and computer monitor manufacturer Proview International Holdings. "As we all know that Apple has made iPad such a big name, I don't think that brand could do Proview a lot of good even if Proview won it. So this is a good solution for both sides," said Proview attorney Ma Dongxiao. The Wall Street Journal (02 Jul.) Spotlight on Grocery |  |  | | - Europe's organic food must now bear leaf logo
All pre-packaged organic food produced in European Union member states must bear the Euro Leaf logo as of July 1, after a two-year transition period. The logo is optional for non-prepacked and imported organic foods, and other certification logos can remain on packaging alongside the leaf. The Grocer (U.K.) (02 Jul.) NRF News |  |  | | Editor's Note |  |  | | - SmartBrief will not publish Wednesday
In observance of Independence Day in the US, SmartBrief will not be published Wednesday. Publication will resume Thursday. SmartQuote |  |  | |  | Solitude is the salt of personhood. It brings out the authentic flavor of every experience." --May Sarton, Belgian-American writer  | | | This SmartBrief was created for cpgbrokers.data@blogger.com |