Deloitte Touche Tohmatsu ranked the largest retailers around the globe according to their fiscal 2007 sales and found that overseas retail chains are moving up the list. While the U.S.'s Wal-Mart Stores remained No. 1 and France's Carrefour stayed in the No. 2 spot, Britain's Tesco and Germany's Metro climbed up a spot to round out the top four. Home Depot dropped to fifth. The trend is likely to continue, according to Deloitte Touche Tohmatsu.
In what's described here as a potential "case study" to show the clout of online influencers, David Armano, creator of the Logic + Emotion blog, last week used Twitter to raise almost $15,000 within 24 hours for a friend in need. The episode shows the power of developing influence through small interactions over time, the importance of networking through other contacts' connections, and the power of "authenticity," according to this article.
Ferrit, the online retail venture by Telecom, will continue taking orders for another couple of days before it shuts down. Telecom said closing Ferrit is "part of the company's focus on the delivery of its core services." Alan Gourdie, retail chief executive at Telecom, said Ferrit has grown over the past three years, but it has never made a profit. "The decision has now been made to refocus, and resources will be directed to other areas," Gourdie said.
Trusting a Web site topped the list for shoppers when deciding whether to buy something online, a VeriSign survey showed. A large majority, 85%, said that was important when sharing personal information, and 93% said they wouldn't buy anything from a site that wasn't secure.