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08 January 2013
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Global retail industry news

  Global Industry Watch 
  • Politics aside, food chains find a home in Pakistan
    People lined up to taste the offerings at Pakistan's first Fatburger, which along with other international chains including Johnny Rockets, Hardee's and Cinnabon have plans to grow there despite Taliban insurgencies and ongoing political unrest. “In food, people don’t look at relations between countries. They just want to eat," says Fatburger North America President and COO Don Berchtold. Bloomberg Businessweek (07 Jan.) LinkedInFacebookTwitterEmail this Story
  • McDonald's pays homage to Aussie nickname
    McDonald's will temporarily rename 13 stores in Australia, taking the popular nickname Macca's to celebrate Australia Day on Jan. 26. Half of Australians call the chain by its nickname, the second-most recognized Australianism, according to surveys. The Huffington Post/Reuters (07 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Report: UK high streets to shrink further in 2013
    UK consumers are spending more online and making fewer trips to the store, a trend that is forecast to lead to twice as many high street store closures this year than last, according to retail real estate experts. “There will always be a need for physical retail space, but at present too many retailers have too many stores,” said Deloitte partner Lee Manning. Bloomberg (07 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Fung acquires 70% of S. Korean kidswear brand
    A Li & Fung subsidiary, Hong Kong-based Fung Retailing, has taken a majority stake in South Korean children's apparel maker Suhyang Networks, in a deal reportedly valued at $188 million. Suhyang Networks operates shops in 210 department stores, nine outlets and three stores for babies and children selling brands including Bluedog, Denim in the Box and Lulabee. Women's Wear Daily (subscription required) (07 Jan.) LinkedInFacebookTwitterEmail this Story
  • Vietnam poses new challenges for Starbucks
    French culture has fueled the strength of independent coffee shops and homegrown chains in Vietnam, posing an unusual challenge for Starbucks in Asia as it gets ready to open its first shop in Ho Chi Minh City next month. Vietnamese consumers are accustomed to the slightly bitter taste of their strong homegrown beans, which are stronger than Starbucks' espresso drinks, and shop owners say their beverages are affordable for average residents who can't pay Starbucks prices. The Washington Post/The Associated Press (06 Jan.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Other News
  Spotlight on Grocery 
  • UK minister pushes retailers on prompt payments
    Britain's Business and Enterprise Minister Michael Fallon has written to all 350 companies listed on London's FTSE, including grocery chains Sainsbury's and Morrisons, requesting that the companies adopt new policies to assure prompt payments to suppliers. The request came after many small- and medium-sized vendors said they were waiting up to 180 days for payment, and came with a vow to "name and shame" companies that didn't sign on to the Prompt Payment Code. The Telegraph (London) (tiered subscription model) (06 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Retail gets personal: How to create the stores shoppers want
    "Showrooming" and the convergence of e-commerce present an interesting challenge for retail executives when redesigning the in-store customer experience. In an addition to the NRF Retail Reference Center, Cognizant's third annual Shopper Experience Study surveyed over 3,700 shoppers from across the world to find out the trends shaping the industry today, as well as ways retailers can embrace the new age of a personalized shopping experience. Download the white paper. LinkedInFacebookTwitterEmail this Story
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