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18 February 2013
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Global retail industry news

  Global Industry Watch 
Let Them Go! Shed the Business Fears Holding You Back
If your business growth has stalled, it could be because you haven't let go of the worries holding you back. It's time to let them go and move on. Read the featured article to learn more.

  Retail in Europe 
 
  • UK developers bet £350 million on bricks and mortar
    The £350 million Trinity Leeds shopping centre will be the only major UK retail mall to open this year. The 1-million-square-foot, glass-domed covered mall is already 90% leased to retailers including Primark, Next, M&S and Topshop, and will feature free Wi-Fi, pick-up spots for online orders and plenty of digital screens. "Retail is not just about shopping. It's about taking the best from online, the high street and events venues and bringing it into one place," said marketing manager Paul Smith. The Guardian (London) (16 Feb.) LinkedInFacebookTwitterEmail this Story
How To Optimize Profitability In Real Time
In today's digital era, real-time business environments must be flexible to operate at an unpredictable pace, transform profit modeling to a continuous process and collaborate with key employees at the edges of the business.
Download 3 Steps To Real-Time Profitability Management to learn how you can assess your organization's processes and optimize profitability.

  Retail in Asia 
 
  • Drive to end lavish spending dampens China sales growth
    The week-long Lunar New Year celebration brought the slowest sales growth in four years at China's stores and restaurants, as many consumers cut back on lavish spending amid a government crackdown on waste and wealthier shoppers traveled abroad. Sales rose 14.7%, down from 16.2% in the same period last year, according to the Ministry of Commerce. Bloomberg (17 Feb.) LinkedInFacebookTwitterEmail this Story
  • Korea's luxury imports soar to new record
    Imports of luxury goods into South Korea totaled $8.61 billion in 2012, up 2.93% from the year before, according to the Korea Customs Office. "I'd say customers still favor expensive products although the country and the rest of the world are undergoing an economic slump," a customs officer said. The Korea Times (Seoul) (17 Feb.) LinkedInFacebookTwitterEmail this Story
Time off boosts employee morale — and other pleasant surprises
New research reveals that a clearly articulated time-off policy that's fairly, transparently implemented improves employee productivity and morale —creating a happier, more loyal workforce for long term success.
Click here to read the White Paper

  E-commerce Spotlight 
  • Saudi prince takes stake in Chinese e-commerce
    Kingdom Holding, the investment firm owned by Saudi Prince Alwaleed bin Talal, has invested about $400 million in China-based Jingong Century Trading, the parent of 360buy.com. The site is the second largest online retailer in a country where online sales are forecast to reach $356 billion by 2016, according to Forrester Research. The Wall Street Journal (17 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Mass Merchandise 
  • Chinese furniture makers find fans abroad
    Chinese furniture brand China Camerich Furniture recently opened a new store in Cologne, Germany, its 43rd overseas store. The growing international success of Camerich and others including Landbond Furniture Group and Beijing Ilinio Furniture comes as the companies increasingly shift more toward original in-house designs. China Daily (Beijing) (18 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Charting the path of retail technology with ARTS standards
    From guiding retailers on their path to achieving seamless integration with point-of-sale and cloud systems, business process models, mobile and more over the past 20 years -- you could say the Association for Retail Technology Standards has led the retail industry through the IT learning curve. At Retail’s BIG Show last month, executives representing retailers and solution providers explained why ARTS standards are essential to their business and presented the ARTS roadmap for 2013 and beyond. Read more. Retail's BIG Blog (14 Feb.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
You will become as small as your controlling desire; as great as your dominant aspiration."
--James Allen,
British author


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