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13 February 2013
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Global retail industry news

  Global Industry Watch 
  • Dolce & Gabbana to open 1st store in Australia
    Italian luxury brand Dolce & Gabbana will open its first Australian store, in a high-end retail district in Melbourne that already boasts 20-plus upscale brands including Chanel, Prada and Gucci. "The neighbouring tenants is one of the most crucial factors for these brands when identifying a suitable site," said CBRE executive director Max Cookes. The Sydney Morning Herald (Australia) (12 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Topshop teams with Google+ to share fashion show
    Fashion fans will have unprecedented access to the Topshop Unique fashion show on Sunday, through a new partnership with Google+ dubbed "The Future of the Fashion Show." Tiny HD cameras will offer a model's eye view of the event, and Topshop's YouTube channel will offer live streaming of a red carpet "hangout" with editors and celebrities. Women's Wear Daily (subscription required) (12 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Uniqlo targets Indonesia as next growth market
    Japan-based Fast Retailing will open its first Uniqlo store in Indonesia this year and grow to 10 units there in the next three years, said executive vice president Naoki Otoma. "We see there are a lot of new young families in this country. That's a potential middle-class population explosion." Bloomberg Businessweek (13 Feb.) LinkedInFacebookTwitterEmail this Story
  • KFC charts a growth course to India's smaller cities
    KFC has had a presence in India since parent Yum! Brands entered the market in the early 1990s, focusing on building brand recognition in big towns. This year, the chain is going farther afield with plans to add stores in smaller cities and towns, as part of a plan to reach $1 billion in sales and 1,000 restaurants by 2015. The Wall Street Journal (12 Feb.) LinkedInFacebookTwitterEmail this Story
  • Auntie Anne's franchisees faced high hurdles in China
    Launching an Auntie Anne's Pretzel franchise in China proved daunting for Wharton MBAs Wen-Szu Lin and Joseph Sze, who detailed their four-year adventure in a new book. Governmental glitches and market misunderstandings led ultimately to the closure of the last store last year. "I think we made a faulty assumption in the very beginning that our Chinese heritage was in line with the cultural phenomenon that was happening here in China," said Sze. National Public Radio (11 Feb.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Hut Group to team with magazines on e-commerce
    Hut Group, an e-commerce site operator backed by former Marks & Spencer chief Sir Stuart Rose, has teamed with magazine publisher Hearst Magazines UK to create magazine branded online retail sites. Men's Health, Cosmopolitan and Elle are among the first sites set to launch this spring, with collections curated by the magazines' editors. The Independent (London) (12 Feb.) LinkedInFacebookTwitterEmail this Story
  • Amazon, online retailers look for India to change rules
    International online retailers are asking officials in India to change laws that currently prohibit their Indian sites from selling directly to consumers there. Among them is Amazon Vice President Paul Misener, who this week met with Trade Minister Anand Sharma. Amazon launched price comparison site Junglee in India last year, but consumers can't buy directly from the site. The Wall Street Journal (12 Feb.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Luxury Goods 
  • Luxury brands see growing US demand
    Wealthy Americans are spending on luxury again, and Chinese tourism is on the rise, driving brands including Hermes, L'Oreal and Burberry to make plans to invest in US markets, executives say. "The stronger economy and loosening of visa restrictions for the Chinese mean that business this year will benefit from both affluent locals and tourism," said consultant Milton Pedraza. The Wall Street Journal (13 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • When US retailers will report monthly sales in 2013
    NRF's 4-5-4 calendar serves as a voluntary guide for the retail industry and ensures sales comparability between years by dividing the year into months based on a four-weeks/five-weeks/four-weeks format. The 4-5-4 calendar also establishes sales release dates, which have historically been on the first Thursday following the month's end. NRF has released calendars for 2013 through 2017. View the calendars. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Several excuses are always less convincing than one."
--Aldous Huxley,
British author


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