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14 February 2013
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Global retail industry news

  Global Industry Watch 
  • Canadian watchdog warns card providers on deceptive practices
    Some credit- and debit-card providers in Canada may not be adhering to rules enacted by the federal government three years ago to protect retailers from hidden fees, according to the Financial Consumer Agency of Canada. The agency issued a warning this week to remind payment services companies about rules prohibiting hidden fees and confusing contracts that can result in higher costs to consumers. (Canada) (13 Feb.) LinkedInFacebookTwitterEmail this Story
  • Retail growth in S. Africa slower as prices rise
    Rising inflation and a 24.9% unemployment rate slowed retail sales growth in South Africa in December, according to Statistics South Africa. Sales rose 2.3% compared to the same month in 2011, following a 3.6% increase in November. Bloomberg (13 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Britain's gas stations drive higher V-Day sales
    UK petrol stations saw significant sales jumps on fresh flowers, sparkling wine and boxed chocolates in the days leading up to Valentine's Day last year, according to research from Palmer and Harvey. One in five men now buy gifts at forecourts, the survey says, with many citing convenience and time constraints as the main reasons. Forecourt Trader (U.K.) (13 Feb.) LinkedInFacebookTwitterEmail this Story
  • UK visa rules may scare off Chinese tourists, groups say
    Groups including the China-Britain Business Council say the UK's historically strict visa rules have created a public relations problem among prospective Chinese tourists, and the negative perceptions persist despite a recent relaxing of the rules. "Certainly I think there is a strong perception in the market place that there is a problem and perception is as important as reality in these markets," council CEO Stephen Phillips said. The Telegraph (London) (tiered subscription model) (13 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Report: Growth in India's retail space slowed in 2012
    Developers added 2.5 million square feet of new retail space in India last year, down from more than 15 million square feet in 2011, according to a new report from CBRE, as their focus shifted to filling existing properties. "[T]he good news is that retailers continued with their expansion plans. This positive sentiment is indicative of retailers taking a long-term view of the Indian economy despite the short-term struggle," said CBRE managing director Anshuman Magazine. The Economic Times (India) (14 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
  E-commerce Spotlight 
  Spotlight on Consumer Electronics 
  • Brazil's regulators rule against Apple on iPhone name
    Apple can't register the right to use the iPhone name in Brazil because Brazilian electronics maker IGB EletrĂ´nica SA already owns the trademark, regulators ruled Wednesday. Apple will contest the decision, saying the company also known as Gradiente hasn't used the name in five years. The Wall Street Journal (13 Feb.) LinkedInFacebookTwitterEmail this Story
  • Best Buy founder may change purchase plans
    Best Buy founder Richard Schulze is reportedly considering scrapping his plan to assemble an investor group to acquire the entire company in favor having the group take a minority stake, which would likely be separate from the 20% interest he now owns. Schulze submitted his first proposal to buy the company in August, valuing it at about $8 billion, and has until the end of this month to assemble the financial backing he needs to finalize a deal. The Wall Street Journal (13 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Building an e-commerce business in China: A guide for Western retailers
    China's Ministry of Commerce reported that web-based business-to-consumer sales in 2011 reached $124.22 billion, further reinforcing expectations that China will soon overtake the United States as the largest online shopping market. In a recent addition to the white paper library, Hybris software examines the significant technical and cultural differences retailers must understand to meet the distinctive needs of Chinese consumers, and identifies best practices for evaluating e-commerce vendors and platforms. Download the white paper. LinkedInFacebookTwitterEmail this Story
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Italian actress

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