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01 June 2012
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Global retail industry news

  Global Industry Watch 
  • Australia's mall operators cut rents as sales slow
    Australian mall operators Westfield Group, Stockland and GPT Group are cutting better deals on rent for new retail tenants and negotiating lower lease rates to keep existing tenants, after major-mall sales reported their first drops in 10 years. Sydney and Melbourne are among the top 10 most expensive markets when it comes to lease rates for prime retail space, according to CBRE Group. Bloomberg (30 May.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • UK retailer HMV to sell historic concert venue
    HMV Group has signed a deal to sell the Hammersmith Apollo, an iconic 70-year-old West London concert venue, in a deal valued at £32m. The sale, to a joint venture owned by US-based Ansco Music and Germany's CTS Eventim, is part of HMV's plan to sell off concert venues and focus resources on rebuilding its core CD and DVD retail business. The Guardian (London) (01 Jun.), Bloomberg (01 Jun.) LinkedInFacebookTwitterEmail this Story
  • Foot Locker plans to keep feet firmly planted in Europe
    Foot Locker operates about two-thirds of its international stores in Europe, and it's not pulling back despite current economic uncertainty, the company says. The retailer, which says it will move ahead with plans to open new European stores, will turn to leaner inventories in the short term as sales in Europe slow. The Wall Street Journal (31 May.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Armani takes aim at China's middle class
    Armani, which has historically tailored its luxury offerings to China's wealthiest consumers, has mapped a store expansion strategy aimed at making the brand more accessible to the country's middle class. The brand plans to open 80 to 100 new stores in China in the next three years, including outlets such as Armani Collezioni and Armani Jeans that offer more accessible pricing. The Wall Street Journal (01 Jun.) LinkedInFacebookTwitterEmail this Story
  • Asia continues to fuel demand for luxury goods
    Asian consumers will continue to drive growth for Europe's luxury brands in the coming years, despite a slowdown in growth, analysts say. "Given the weakness of the euro—and lower prices in Europe anyway—there is even more incentive for [Asian] travelers to buy while in Europe than at home," said London-based analyst Simon Irwin. The Wall Street Journal (31 May.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Online retailers take different steps to fight fraud
    Online retailers' fraud-fighting tactics differ depending on where the merchant operates, according to a new report from the Merchant Risk Council Europe and CyberSource. More US retailers use data such as telephone numbers and purchasing histories to weed out fraudulent orders, while European e-commerce companies opt more often for tools such as fraudscoring models and 3-D secure credit cards. Internet Retailer (31 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Fashion 
  • Celebrities show off eco-friendly fashions
    Fashion designers and retailers including Marks & Spencer and H&M are upping their game when it comes to creating cutting-edge fashions from recycled and environmentally friendly materials, and the movement is getting hotter as a growing number of celebrities strut the red carpets in eco-friendly fashions. The Telegraph (London) (31 May.) LinkedInFacebookTwitterEmail this Story
  • Moda Operandi turns spotlight on Australian designers
    New York-based online fashion retailer Moda Operandi has launched a week-long promotion of Australian designers and brands including Ellery, Josh Goot, Dion Lee and Christopher Esber. "The Internet is great at bridging distance gaps and Moda Operandi certainly proves that by offering these Aussie designer collections," said artistic director Taylor Tomasi Hill. The Sydney Morning Herald (Australia) (30 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Join NRF and leaders in Barcelona for Global E-Commerce Summit is partnering with organizers of the Global E-Commerce Summit to provide programming and speakers at the event, to be held 4 to 6 June in Barcelona, Spain. members Kerry Cooper, chief marketing officer at ModCloth, and Rick Watson, general manager of marketplace at Barnes & Noble, will present, and Vicki Cantrell, director and NRF SVP, Communities, will serve as the event's Global Retailing Chairwoman and Social Commerce Chairwoman. Learn more. LinkedInFacebookTwitterEmail this Story
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--Eleanor Roosevelt,
former U.S. first lady

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