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03 December 2012
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Global retail industry news

  Global Industry Watch 
  • Australia's flat retail sales spur rate cut talk
    Australia's retailers missed forecasts for 0.4% growth in October, instead reporting flat sales for the month, according to the Australian Bureau of Statistics. Sluggish sales and employment and relatively stable inflation have analysts predicting the Reserve Bank of Australia will cut interest rates when it meets Tuesday. Reuters (03 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • John Lewis sales send holiday hopes higher
    John Lewis reported a 9.3% rise in sales last week, compared to the same week in 2011, fueling hopes of a merrier holiday season for UK retailers. Chillier temperatures boosted winter clothing sales as well as items like earmuffs and touchscreen gloves that help consumers stay warm while using their electronic gadgets. The Scotsman (Edinburgh) (03 Dec.) LinkedInFacebookTwitterEmail this Story
  • Starbucks to take a look at UK taxes
    Starbucks has been in talks with taxing authorities in the UK, and the company will release more details later this week. The review comes as Starbucks looks to rebuild trust with UK consumers after recent stories revealed the relatively small amount the coffee giant has paid in corporate taxes since opening its first shop in Britain in 1998. The Wall Street Journal (02 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Shippers push for more China, Taiwan cooperation
    Shippers in mainland China and Taiwan are already working together to the benefit of both sides since opening direct shipping links four years ago, but there's more they can do to cooperate, Chen Yingming, deputy chairman of the China Ports & Harbors Association, said at a forum last week. Some 85 ports have been opened since the agreement, and there are now 29 direct container routes. China.org.cn (China)/Xinhuanet (30 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • UK online retailers shoot for Mega Monday record
    Britain's online retailers have high hopes for sales on Mega Monday, aiming for a record on what has historically been the biggest online shopping day of the year. Some 115 million consumers are expected to shop online on the day, spending an estimated £500 million, according to Experian. The Telegraph (London) (tiered subscription model) (03 Dec.) LinkedInFacebookTwitterEmail this Story
  • Amazon creates high-end UK fashion store
    Amazon launched a new online fashion store in the UK in time for Mega Monday, expected to be the year's busiest online shopping day. The new site will include styles from brands such as 7 For All Mankind, Pringle, and Black Orchid, the company said. The Telegraph (London) (tiered subscription model) (01 Dec.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Coca-Cola to invest in Southeast Asia
    Coca-Cola and ThaiNamthip, the soda giant's partner in Thailand, will invest $40 million to build bottling and distribution facilities in Laos during the next five years, as part of a larger push to expand in Southeast Asia. "With Laos getting into the WTO and integrating with the regional economy, it just makes sense for us to move in," said spokeswoman Sharolyn Choy. The Wall Street Journal (29 Nov.) LinkedInFacebookTwitterEmail this Story
  • Apparel sellers push for factory safety in Bangladesh
    Representatives of 19 clothing retailers and brands including Sears, H&M, Gap, Nike and Carrefour met Friday to push for fast fixes to factory safety problems in Bangladesh, where a recent fire killed more than 100 workers. The Bangladesh Garment Manufacturers and Exporters Association will form a task force to ensure factories are following safety regulations, said its president, Mohammad Shafiul Islam. Reuters (01 Dec.) LinkedInFacebookTwitterEmail this Story
  • Report: UK factories see orders fall
    Orders for goods from the majority of UK manufacturers fell during the past three months, and factories that supply other European countries saw the biggest declines, according to a survey released Monday. The Guardian (London) (02 Dec.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • NRF CEO: Presidential involvement needed for port resolution
    In a letter to President Obama, NRF President and CEO Matthew Shay urged the Administration to resolve stalled contract negotiations between management and striking union workers at two of the nation’s largest ports. “An extended strike [in Los Angeles and Long Beach] could have a greater impact considering the fragile state of the U.S. economy,” Shay stated in the letter. “The two sides must remain at the negotiating table until a deal is reached.” Read more. LinkedInFacebookTwitterEmail this Story
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