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05 December 2012
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Global retail industry news

  Global Industry Watch 
  • Will 2013 bring faster growth for Lululemon?
    Vancouver-based Lululemon Athletica's sales and popularity exploded as the brand took pricey yoga togs mainstream, but analysts say the retailer may be poised for even bigger growth next year. Manufacturers will increase production for the growing retailer in 2013, a shift that will help the brand overcome inventory issues and keep up with demand. Financial Post (Canada) (04 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • J.Crew investor may acquire Topshop stake
    Sir Philip Green reportedly is in talks to sell a 25% stake in Topshop to private equity firm and J.Crew investor Leonard Green & Partners. The deal would value the entire company at about $1.6 billion, and could be announced as soon as Thursday, sources say. The Wall Street Journal (04 Dec.) LinkedInFacebookTwitterEmail this Story
  • EU retailers see surprise October slump
    Retail sales in the 17-country Eurozone fell 1.2% in October from the month before, to the surprise of analysts who predicted a 0.2% decline, according to Eurostat. That numbers were released a day before the European Central Bank is set to decide on whether to cut interest rates. The Washington Post (05 Dec.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Asia 
  • Lawmakers to get an official say on India's FDI plan
    India's parliament is slated to begin voting on controversial changes that would allow foreign multi-brand retailers such as Wal-Mart and Tesco to own 51% of their stores in the country. The new rules put in place by Prime Minister Manmohan Singh's administration in September don't officially require parliament's approval. Bloomberg Businessweek (04 Dec.) LinkedInFacebookTwitterEmail this Story
  • India's mall owners hope new rules help fill space: Malls are a fairly new concept in India, but there are plenty these days waiting to fill empty space with the foreign retailers that will be allowed in under new rules, say property owners who approve the changes. "This would certainly spur the growth of commercial real estate in the metros, which has remained sluggish in the recent past, and we welcome the move," said a spokesperson of Delhi-based EmaarMGF, which owns seven malls in India. The Wall Street Journal (04 Dec.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • CEO: Chile's Cencosud turns to organic growth
    Chilean retailer Cencosud's $2.6 billion acquisition last month of Carrefour's assets in Colombia caps the company's acquisition spree, said CEO Daniel Rodriguez. The company will now turn its attention to increasing sales in existing stores and markets and paying down the debt Cencosud took on to close the Carrefour deal. The Wall Street Journal (04 Dec.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Germany's Otto buys Neckermann Gruppe's assets
    German e-commerce giant Otto has acquired the assets of competitor Neckermann Gruppe, which filed for bankruptcy in September. The deal, which requires approval by the German Monopolies Commission, includes all of the Internet and other intellectual property of Neckermann, once one of Germany's largest mail-order companies. Internet Retailer (04 Dec.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  • New Shanghai luxury center to focus on custom goods
    Developers are putting the finishing touches on the three-year redevelopment of Shanghai's historic Bund 22 building. The new project will focus on leasing space to high-end retailers that can offer custom-made products for wealthy Chinese shoppers. Women's Wear Daily (subscription required) (04 Dec.) LinkedInFacebookTwitterEmail this Story
  • Consumers are popping fewer Champagne corks
    Sales of craft beer and artisan cider may be on the rise this year, but Champagne is experiencing a slump. Sales of French bubbly are down 5% and even the holiday festivities aren't expected to give it a substantial boost. "In 2011, France had not fully entered the crisis, but now, it's getting real," said Marc Sibard, the owner of Les Caves Augé, a longtime Paris wine shop. "Champagne is a festive drink, and this year, there's not much to celebrate." The Wall Street Journal (03 Dec.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • NRF reinforces call for Obama’s intervention in US port strike
    Entering a full week of picketing that has shut down the ports of Los Angeles and Long Beach, Calif., NRF President and CEO Matthew Shay reaffirmed the need for the Administration to arbitrate stalled negotiations between Office Clerical Unit of ILWU Local 63 and the Los Angeles-Long Beach Harbor Employers Association. “The Obama Administration needs to show leadership and resolve to get the ports operational again and prevent any further economic damage,” Shay said. Read more LinkedInFacebookTwitterEmail this Story
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