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20 November 2012
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Global retail industry news

  Global Industry Watch 
  Retail in Europe 
  • How Germany's Kaufhof survives challenging times
    German department store chain Galeria Kaufhof has boosted sales through increased online retail offerings as part of a push to become an omnichannel retailer, a more challenging proposition in Germany where shoppers settle up at the end of the month instead of paying as they go. Consistent merchandising and years spent gaining shoppers' trust are also helping the 120-store retailer weather tougher economic times, writes Forbes' Walter Loeb. Forbes (19 Nov.) LinkedInFacebookTwitterEmail this Story
  • UK bookstores push patriotic tax message
    Independent bookstores across the UK have put signs saying "We Pay Our Taxes" in the window. The posters, provided by the Booksellers Association, were created after Amazon executives appeared in front of the Public Accounts Committee last week to answer questions about why the company pays relatively low corporate taxes in the UK. (U.K.) (20 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Asia 
  • Toys R Us gets serious to appeal to China's parents
    Toys R Us will launch online sales in China this week and plans to expand from 30 to about 60 stores in the next several years, CEO Jerry Storch said. Toy sales in China rose 18% last year, but retailers face challenges in a culture that values books over balls; Toys R Us aims to win over parents with a large selection of educational toys, the company says. The Wall Street Journal (19 Nov.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • US Black Friday traditions to drive online deals
    Online retailers including Amazon will include the UK and other global markets when they launch Black Friday deals this week. “Black Friday Deal Week offers millions of pounds of savings on hundreds of Christmas gifts as well as everyday essentials," said Christopher North, managing director of The Telegraph (London) (tiered subscription model) (19 Nov.) LinkedInFacebookTwitterEmail this Story
  • FiftyOne, PayPal to give global shoppers a local payment option
    International shoppers buying online from US merchants that use FiftyOne Global Ecommerce to manage their global e-commerce will soon have the option of paying for the purchase via PayPal in their own currency. "Offering shoppers familiar payment options with prices in the local currency improves the user experience and builds trust among consumers," said FiftyOne CEO Michael DeSimone. Globes (Israel) (19 Nov.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  • Benneton tests mannequins that watch over shoppers
    Benneton stores are among the fashion brands testing mannequins equipped with a camera and facial recognition software merchants hope will help brick-and-mortar stores compile the same kind of customer data available online. "Any software that can help profile people while keeping their identities anonymous is fantastic,” said consultant Uché Okonkwo. Bloomberg (19 Nov.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Carrefour to exit Indonesia, focus closer to home
    Carrefour said Tuesday it will sell its 60% interest in its operations in Indonesia to partner CT Corp for $670 million, a deal that includes 84 hypermarkets as well as other retail operations. The move is part of a larger turnaround strategy by the struggling French supermarket chain, which includes selling off some of its operations. The Washington Post/The Associated Press (20 Nov.) LinkedInFacebookTwitterEmail this Story
  • Study: UK shopping habits mean wasted pounds
    A survey of 2,000 residents of Great Britain found that shoppers waste money by making frequent grocery-store trips and shopping without a food budget. The least frugal demographic category is men between the ages of 35 and 44; the most frugal is married women who live in Wales and are between the ages of 18 and 24. The Telegraph (London) (tiered subscription model) (15 Nov.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Why Canada is hot spot for growth in 2012 and beyond
    Canada has just over half the number of retail square feet of selling space per person of the US -- and with total online Internet sales projected to double by 2015, the opportunities for expansion in the country are compelling. In a white paper posted in the library, SCI Logistics explains the business and economic factors that make the Canadian market a prime area for digital and bricks-and-mortar businesses to grow during lean economic times. Download the white paper. LinkedInFacebookTwitterEmail this Story
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