Friday, May 4, 2012

High rents drive more Hong Kong designers online

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04 May 2012
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Global retail industry news

  Global Industry Watch 
 
  • UK's Graff Diamonds to go public in Hong Kong
    London-based luxury jeweller Graff Diamonds won approval for an IPO on the Hong Kong stock exchange, where the company expects to raise about $1 billion. Graff, known for selling some of the world's priciest jewellery, operates in Asia, Europe and the US. The Wall Street Journal (03 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Morrisons cites strong sales last spring for Q1 drop
    UK grocery chain Morrisons reported a 1% drop in same-store sales for the first quarter and blamed much of the decline on the comparison to unusually strong sales during the same period last year. Some analysts worry that Morrisons, which doesn't sell online and operates only a handful of smaller convenience stores, may be losing market share to larger rivals Tesco and Asda. The Guardian (London) (03 May.) LinkedInFacebookTwitterEmail this Story
  • French court overturns part of eBay ruling
    The French high court partially overturned a lower court's 2008 verdict against eBay in a case brought by LVMH Moët Hennessy Louis Vuitton, which accused the online marketplace of selling counterfeit goods. The high court ruled that the appeals court had jurisdiction to impose fines and block sales of certain items on eBay's sites in France and the UK, but not the US. The Wall Street Journal (03 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
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 
 
  • High rents drive more Hong Kong designers online
    New designer brands and young labels are eschewing the ultra-high retail space rents in Hong Kong and opting to sell their looks online. Some launch their own online shops and others carve out space on multi-brand platforms including ShopdesCreateurs.com, BuyMeDesign.com, and Zeuz.com.hk and Taobao.com. Women's Wear Daily (subscription required) (03 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
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.
  E-commerce Spotlight 
 
  • Service lets Canadian consumer save on shipping fees
    Online retailer Sierra Trading Post started promoting Kinek, a service that lets online shoppers have their packages delivered to a designated spot in the US for pickup, after noticing that many orders from Canadian customers were going to the same address. Using Kinek's service, Canadian shoppers enjoy lower US shipping rates and fees by picking up the packages in person, says Sierra marketing manager Minden Fox. Internet Retailer (03 May.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Fashion 
 
  • Dubai Mall boasts a growing children's fashion lineup
    About 20 children's clothing shops line a busy corridor at Dubai Mall, and designer brands including Lovely Lace Baby, Dior Kids and Gucci Kids are poised to open as parents in the market increasingly adorn their offspring in high-end fashions. "Parents want to see their children dressed well, and even the children are becoming very brand-conscious," says Manmeet Padam, brand manager for children's brand Angels. The National (Abu Dhabi, United Arab Emirates) (01 May.) LinkedInFacebookTwitterEmail this Story
  • Lululemon to take its yoga togs global
    Canada-based Lululemon operates the majority of its 174 stores in North America, but the yoga apparel chain has its eye on adding international markets. The company, which has booked nine consecutive quarters of strong sales and earnings growth, has opened London and Hong Kong showrooms that could become permanent stores, and it's eyeing opportunities in Europe, Asia and Australia, analysts say. Investor's Business Daily (01 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
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 
  • Bare Necessities CMO talks "transmedia" and the new rules of mobile and social
    With the emergence of new social media platforms and mobile gadgets, retail marketers have an ever-expanding arsenal of ways to creatively reach customers. To get a CMO's perspective on where the social and mobile wave is taking the industry, Bare Necessities CMO Jay Dunn explains how brand consistency across all channels and a "transmedia" marketing model must go hand-in-hand for retailers to effectively reach the super-connected shopper. Read more. Retail's BIG Blog (02 May.) LinkedInFacebookTwitterEmail this Story
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The young man knows the rules, but the old man knows the exceptions."
--Oliver Wendall Holmes Jr.,
U.S. Supreme Court Justice


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