Will China develop homegrown luxury brands?

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02 May 2012 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Bloomingdale's may enter Canada with in-store shops Hudson's Bay Co. is working with Bloomingdale's to launch in-store shops that would give the upscale department store brand its first physical presence in Canada, industry sources say. The move comes as competitor Nordstrom seeks suitable space to open its first store in Canada. The Globe and Mail (Toronto) (01 May.)      Interactive marketers are feeling the pressure from government to offer clear, transparent privacy regulations for consumers. This free whitepaper, discusses various legislation, such as the EU Cookie Directive, and outlines how marketers must comply while offering a positive and enriching consumer interaction via the new paradigms of consensual targeting. Get the free whitepaper here.   Retail in Europe    Asda to install electric-car charging stations Asda has pledged to install electric-car charging stations at all 500 of its UK stores by the end of the year, according to parent Wal-Mart's recent Global Responsibility report. The move would put the chain ahead of competitors, including Sainsbury's, which now operates 50 stations. The Grocer (U.K.) (28 Apr.)      Dutch retailers face currency crisis The currency crisis that hit Greece and spread through many other European economies has hit the Netherlands, spurring Dutch consumers to tighten their belts. Retailers and some economists worry that slower spending will only make the problem worse. "When you cut too much it doesn't help the economy, but it hurts growth," said food merchant Sharon Drieman. The New York Times (tiered subscription model) (01 May.)      What Data Thieves Don’t Want You to Know: How a multi-layered data security solution, including encryption and tokenization, protects data in transit, in use and at rest. When combined, these two technologies provide a powerful method for securing sensitive data wherever it exists. Get proof here.   Retail in Asia    UK's Value Retail readies 1st China outlet mall UK-based Value Retail plans to open its first outlet mall in China next year, a 600,000-square-foot center in Suzhou that aims to cater to many of the same Chinese consumers who now travel to Europe to shop the company's designer outlet malls, says CEO Desiree Bollier. The company will maintain its markdowns of at least 35%, but overall prices will still be higher than in Europe because of China's high luxury tax rates, she says. Women's Wear Daily (subscription required) (01 May.)      Subway to open 1,000 more franchise stores in India US sandwich chain Subway expects franchisees to open about 1,000 new restaurants in India by 2015, and the company is continuing to tailor its menu to local tastes, said president and co-founder Fred DeLuca. Franchisees currently operate 263 Subways in 50 Indian cities. The Economic Times (India)/Press Trust of India (01 May.)      The recruiting ecosystem is changing, led by professional social networks like LinkedIn and social media apps like Jobvite. Examine how the new ecosystem creates a streamlined, scientific and democratic approach to the recruiting process in this free white paper.   E-commerce Spotlight    European retailers find online success Amazon leads business-to-consumer e-commerce in Europe, but a number of homegrown merchants are finding success as online retail in Europe grows at about 12% a year. Germany's Otto Group and Italy's Yoox are among the established retail companies finding success online. Internet Retailer (01 May.)      RadioShack has a global presence and a variety of innovative products and services. With reasonable investment levels and hundreds of potential markets, a RadioShack franchise represents an exciting opportunity for you to associate with a powerful retail brand. Click here to learn more.   Spotlight on Luxury Goods    Luxury retailers spread out to new parts of Paris Long staples of two-storied high-end Paris shopping districts, Avenue Montaigne and the Rue du Faubourg Saint-Honoré, luxury brands are expanding to new areas. Brands including LVMH and Richemont have acquired and renovated historic buildings to set up new shops and others including Ralph Lauren, Burberry and Hermès have opened high-profile Left Bank boutiques. The Wall Street Journal (01 May.)      Luxury brands look to narrow Europe-China price gap LVMH and other luxury brands have been raising prices at home and narrowing the price gap between China and Europe as sales in China slow, says Luca Solca, global head of European equities at CA Cheuvreux, in an interview. "What we expect luxury-goods companies to have to do is progressively close the pricing gap and, more likely than not, this is going to come from stepping up prices outside of Asia." Bloomberg (01 May.)      Will China develop homegrown luxury brands? Chinese manufacturers will soon start developing their own luxury brands in the face of ever-growing demand for high-end goods at home, some retail industry experts say. Some companies are looking to enter the luxury market faster through investments and acquisitions of existing brands. "Purchasing a luxury brand is a shortcut for Chinese enterprises by instantly acquiring a brand's heritage, which can span hundreds of years," said researcher Yang Qingshan. China Daily (Beijing) (01 May.)      Other News India's DLF to end Ferragamo partnership The Economic Times (India) (02 May.)      Harry Winston China opening boasts "Gossip Girl" stars Women's Wear Daily (subscription required) (30 Apr.) Jeweler Chow Tai Fook plans major China expansion Women's Wear Daily (subscription required) (01 May.)      There are a number of reasons why shrewd staffing agencies run background checks on potential employees before inviting them in to their business. Failure to properly screen employees can have serious business and financial consequences. This free whitepaper outlines the risks that can arise from bad hires and how careful background screening can help mitigate those risks.   NRF News  How Hudson's Bay Company boosts sales and lowers costs with item-level RFID At the NRF Global Supply Chain Summit, May 6 to 8 in Atlanta, Dan Smith, CIO of Hudson's Bay Company, will partner with Joe Andraski, president and CEO of VICS Association, to present how retailers are improving inventory accuracy and increasing sales by deploying item-level RFID. Register your retail team for this event and save! Learn more.      Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  Be regular and orderly in your life, so that you may be violent and original in your work." --Gustave Flaubert, French novelist        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 202-407-7837 Download Media Kit       Recent NRF Global SmartBrief Issues: Tuesday, 1 May 2012 Monday, 30 Apr 2012 Friday, 27 Apr 2012 Thursday, 26 Apr 2012 Wednesday, 25 Apr 2012     Lead Editor:  Liz DeHoff       Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 USA     © 1999-2012 SmartBrief, Inc.® Legal Information

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