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22 March 2013
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Global retail industry news

  Global Industry Watch 
  • M.A.C. brand gives Estée Lauder a way into new markets
    Estée Lauder's M.A.C. brand has made its name appealing to various ethnic groups, and that has helped make it the top high-end cosmetic brand in Brazil, India, South Africa and Turkey, and it recently opened its first store in Nigeria. The brand, originally created for professional makeup artists, has become key to the global company's emerging markets strategy. Bloomberg Businessweek (21 Mar.) LinkedInFacebookTwitterEmail this Story
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Retail in Europe 
 
  • Next CEO says local councils block high street success
    Failing high streets are largely the fault of town councils and planning officials that are resistant to change, said Next CEO Lord Wolfson. "There is a big opportunity to grow retail in the UK by providing people with better shops. [There are] many towns and cities where the stock of shops is inadequate." The Guardian (London) (21 Mar.) LinkedInFacebookTwitterEmail this Story
  • Poland's retail sales fall as unemployment hits 6-year high
    Poland's retail sales fell 0.8% in February compared to the same month last year, as the unemployment rate hit a six-year high of 14.4%. "Demand is looking weak as consumers prefer to save rather than spend amid uncertainty," said economist Grzegorz Ogonek. Bloomberg (22 Mar.) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Retail in Asia 
 
  • Starbucks has big plans for China
    Starbucks operates about 800 cafes in China, with plans to expand to 1,500 in 70 cities in the next two years, staying optimistic about its prospects even as rivals including Costa Coffee and Pacific Coffee mount their own expansion plans. "It's no doubt that one day China will become our second-largest market after the US and it's possible that, over many years, potentially the largest one," said CEO Howard Schultz at the company's annual shareholder meeting this week. China Daily (Beijing) (22 Mar.) LinkedInFacebookTwitterEmail this Story
  • S. Korea's retailers see slow start to 2013
    Sales at South Korea's three biggest discount retailers, E-Mart, Lotte Mart and Homeplus, fell 10.3% in the first two months of the year, and top department stores Lotte, Shinsegae and Hyundai saw a 3.7% drop, according to the Ministry of Knowledge Economy. Xinhuanet.com (China) (21 Mar.) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  E-commerce Spotlight 
 
  • India's brick-and-mortar biggies go online
    Online retail in India has largely been the province of pure-play e-commerce companies, but now big brick-and-mortar retail companies Madura Fashion & Lifestyle, DLF Brands and Reliance Brands are launching their own online portals. "Digital commerce allows you to reach new markets and more people. It was important that we built a platform and evolved to stay contemporary," said Madura CEO Ashish Dikshit. The Economic Times (India)/TNN (22 Mar.) LinkedInFacebookTwitterEmail this Story
  • EBay Australia to get new chief this summer
    Deborah Sharkey will leave her post as vice president and leader of eBay Australia this summer to take a post at the company's San Jose, Calif., headquarters. The leader of eBay's Korean business, Jooman Park, will replace Sharkey as head of Australia and New Zealand in July, the company said. Inside Retailing Online (21 Mar.) LinkedInFacebookTwitterEmail this Story
A Retailer's Guide to 'Demand-Driven' (+Gartner Research)
Consumers today have access to endless input and decide in moments. Discover how the demand-driven supply chain responds quickly to changing consumer preferences and supports demand shaping, while pre-emptively positioning inventory. This has far-reaching impacts on the enterprise and supplier community, not to mention the top and bottom line.

  Spotlight on Fashion 
 
  • H&M signs Beyonce for summer style campaign
    H&M has named singer Beyonce Knowles as the face of its summer collection, with a campaign that aims to shake off the sales slowdowns of the winter months. The brand has seen success with past campaigns using celebrities including Cindy Crawford, Kylie Minogue and Gary Oldman. H&M also said it expects to roll out online retail in the US sometime this summer. The Guardian (London) (21 Mar.), The Wall Street Journal (21 Mar.) LinkedInFacebookTwitterEmail this Story
  • A&F prepares Hollister for Australian debut
    Abercrombie & Fitch will open its first two Hollister stores in Australia this year, part of a larger international growth strategy. The company opted to open with Hollister because "The Hollister lifestyle -- young, fun, and laid back -- matches closely the lifestyle of Australia and we are excited to see how our brand performs," said marketing director Michael Scheiner. The Wall Street Journal (21 Mar.) LinkedInFacebookTwitterEmail this Story
 
  • Women's fashion drives higher sales at Ted Baker
    UK apparel retailer Ted Baker's efforts to transform itself from a shop for garish men's shirts into a more upscale fashion retailer is paying off. The company booked a double-digit profit increase and 18% sales growth for the year ended Jan. 26, selling more women's fashions than men's for the first time. The Guardian (London) (21 Mar.) LinkedInFacebookTwitterEmail this Story
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Explore the whitepaper to start down the path toward SDN.

  NRF News 
  • 5 tips to build a less "silo-ed" retail organization
    A members-only webinar on March 27 will review key findings from a new Shop.org study conducted with more than 40 retail executives, including heads of e-commerce, CIOs, CMOs, HR leads and CEOs. The study provides a snapshot of challenges and approaches by retailers in managing the influence of digital on their businesses, including how multi-brand companies or global brands are developing and using a shared services model. Learn more or register. LinkedInFacebookTwitterEmail this Story
 
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  SmartQuote 
If we were all given by magic the power to read each other's thoughts, I suppose the first effect would be to dissolve all friendships."
--Bertrand Russell,
British philosopher, mathematician and historian


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