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06 February 2013
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Global retail industry news

  Global Industry Watch 
  • Australians slowed spending in December
    Australia's retail sales fell 0.2% in December, falling short of the 0.5% growth economists expected and spurring speculation that the Reserve Bank of Australia may cut interest rates again when it meets next month. Consumers spent 2.1% more on clothing and shoes, but cut back on spending at specialty stores and cafes, according to data from the Bureau of Statistics. The Wall Street Journal (06 Feb.), Bloomberg (05 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Eurozone retailers saw sharp December drop
    Eurozone retail sales fell 3.4% in December compared to the same month in 2011, and declined 0.8% from November, according to the European Union's statistics agency. With punishing unemployment across the region and austerity-imposed tax bills, "it still seems unrealistic to expect any marked pickup in consumer spending in the near term at least as [households] still face serious headwinds," said Howard Archer, an economist at IHS Global Insight. The Wall Street Journal (05 Feb.) LinkedInFacebookTwitterEmail this Story
  • Lego to shift some production from Denmark
    Toy maker Lego will cut 380 of its 3,500 workers in Denmark as it moves some production to factories in the Czech Republic, Hungary and Mexico, the company said. "We need to be closer to our core markets in order to be able to deliver faster," said spokesman Roar Trangbaek. The Wall Street Journal (05 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Fashion retailers move closer to opening in India
    H&M aims to open an India office in the next three months and is already negotiating for store space, while UK-based Topshop is reportedly close to signing a new joint venture partner to bring its brand there. Other apparel retailers including Gap, Uniqlo and Abercrombie & Fitch are also working on plans to open India stores. The Times of India/TNN (06 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • Dollarama teams with Dollar City in Latin America
    Montreal-based discount retail chain Dollarama has sealed an eight-year deal with 15-store Central America-based chain Dollar City. The deal calls for the Canadian company to provide business expertise and product sourcing in exchange for an option to take a majority interest in the company in year seven. "Our objective is to test the potential of the Latin American market in a way that minimizes risk, capital and time investment," said CEO Larry Rossy. The Globe and Mail (Toronto) (tiered subscription model) (05 Feb.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  Technology Solutions 
  • Chinese factory makes faster fashion with RFID
    Growing demand for fast fashion spurred China's Affirm Heart Far East to add an RFID-based system to the manufacturing process. After fabric is cut, each section has a passive RFID tag attached that then tracks it through the process, giving the factory a means to track every piece and figure out how and where delays are happening. RFID Journal (05 Feb.) LinkedInFacebookTwitterEmail this Story
  • How Brazil became a social media hotspot
    Brazil is becoming one of the largest national markets for Facebook, YouTube and Twitter. Social networks are pouring resources into the country, and finding that Brazilians are quite willing to share information about themselves online. "I think our culture ... really makes people much more open to include and connect to friends," says Alexandre Hohagen, vice president of Facebook's Latin America division. The Wall Street Journal (04 Feb.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  • Luxury brands gear up for Chinese New Year
    A growing number of Western luxury retailers are gearing up to celebrate the 15-day Lunar New Year holiday that starts Feb. 10, with new products like Bulgari's $400,000 diamond and jade Serpenti necklace to commemorate the Year of the Snake. Bergdorf Goodman in New York has added Mandarin speakers to serve the expected spike in Chinese shoppers, and Harrods in London will sell snake-emblazoned gold bullion bars. The Wall Street Journal (05 Feb.) LinkedInFacebookTwitterEmail this Story
  • Luxury brands rescue Italy's ancient treasures
    Fendi will spend $2.9 million to overhaul and restore the crumbling Trevi Fountain in Rome, a landmark that sits less than 10 minutes away from the luxury brand's birthplace, one of several Italian luxury companies spending to shore up Italy's oldest tourist attractions while reinforcing their own Italian roots. Diesel will pay $6.7 million to fix the Rialto Bridge on Venice's Grand Canal, and luxury shoe brand Tod’s Group has committed five times as much to revitalize the Coliseum. The Globe and Mail (Toronto) (tiered subscription model) (05 Feb.), Bloomberg Businessweek (31 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Retail in the cloud: How it transforms IT and the customer experience
    Moving retail operations to the cloud can be a daunting prospect, but when done efficiently it's a critical step toward seamless data management and going omnichannel with your business. In a STORES webinar on 21 Feb., Tomax CEO Eric Olfason will provide an overview of the economics, scalability and reliability of cloud and mobility solutions as well as discuss several retailers that have used the platform for channel and partner solutions integration. Learn more or register. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."
--Maya Angelou,
American author and poet


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