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18 July 2012
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Global retail industry news

  Global Industry Watch 
  • Canada's retailers fight for the right to refuse high-fee cards
    The Canadian Federation of Independent Business is pushing Canada's government to create more flexible rules that would allow merchants to add surcharges or refuse major credit cards that come with high swipe fees. “Merchants have had a 30-per-cent increase in their costs in the last two years because of premium [credit] cards,” said President and CEO Dan Kelly. The Globe and Mail (Toronto) (18 Jul.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Germany's Karstadt to cut workforce by 10%
    German department store chain Karstadt will cut 2,000 workers or about 10% of its total staff during the next two years. The cuts will begin in September, when a three-year, post-bankruptcy pact that prohibited the company from cutting workers comes to an end. Women's Wear Daily (subscription required) (17 Jul.) LinkedInFacebookTwitterEmail this Story
  • UK fashion brands launch yearlong training course
    UK retailer Aurora Fashions, the owner of Coast, Oasis and Warehouse, has created a yearlong retail training course for workers that will give participants credit toward a degree at University of Derby Corporate, the company said. It's the latest example of a company teaming with a UK university in an effort to tailor educational programs to employers' workforce needs. The Telegraph (London) (13 Jul.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Asia 
  • Adidas to shutter factory in China
    Adidas will close its only owned apparel factory in China, a 160-person plant in Suzhou, in October and shift production to other Chinese manufacturers in a move aimed at improving efficiency. The German-based sportswear maker and others including Nike, Peak Sports and Li Ning are seeing slower sales in China. The Wall Street Journal (18 Jul.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Tesco puts Marketplace media splash on hold
    Tesco has reportedly postponed a planned advertising campaign to promote its online Marketplace, in the hopes it will sign new big brands before it makes a major media splash. The site has signed electronics retailer Maplin, garden plants supplier Crocus, baby brand Mamas & Papas and six smaller retailers since launching in April. (U.K.) (17 Jul.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Luxury Goods 
  • Luxury brands hold off on airport stores in India
    India's airports aren't yet ready for high-end retail brands, say luxury retailers including Salvatore Ferragamo and Louis Vuitton. "The profile of consumers is very important. In India, it takes long for a high-end luxury brand to make an airport store profitable. It is quite challenging," admits Romy Juneja, chief commercial officer, Delhi International Airport. The Economic Times (India) (17 Jul.) LinkedInFacebookTwitterEmail this Story
  • Luxury watch brand Hublot invests more in slow times
    High-end watchmaker Hublot has ramped up its investments in research and development of new products, seeing spending as its key strategy for fighting a global spending slowdown. “There is only one way to catch up, that is to make more noise than others, to make more noise, you need more investments,” said CEO Jean-Claude Biver. CNBC (14 Jul.) LinkedInFacebookTwitterEmail this Story
  • James Ferragamo follows in family's footsteps
    As director of women’s leather goods for Salvatore Ferragamo, James Ferragamo is carrying on the traditions of the company his grandfather founded while coping with the changes that come when a family business goes public. In this interview he talks about how the luxury brand has been changing with the times. Women's Wear Daily (subscription required) (16 Jul.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Retailers and cross-channel consistency: A global report
    Retailers meeting today's cross-channel demands for seamless functionality is no small task -- especially when magnified to markets across the world. In a new post on the blog, Okamura Consulting's Jim Okamura shares the background of their recently released report, which tallied how 144 multichannel retailers were delivering in 17 markets across the world, and puts in perspective the tactics that are positioning retailers as cross-channel champions. Read more. Blog (16 Jul.) LinkedInFacebookTwitterEmail this Story
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American graphic artist and illustrator

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