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04 February 2013
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Global retail industry news

  Global Industry Watch 
  • Canadian retailers rethink big-box strategies
    Online retail, mobile commerce and growing competition from new players is shaking up Canada's retail scene on a scale not seen since Wal-Mart opened its first stores there in the mid-1990s, experts say. For some, including electronics retailer Best Buy, future growth will likely hinge on closing big boxes in favor of smaller stores. Financial Post (Canada) (01 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Kim Winser's new retail venture stresses quality
    Once Marks & Spencer's youngest and first female commercial director, Kim Winser went on to lead brands including Aquascutum and Agent Provocateur. Now, at 53, she's planning to launch Winser London, an online fashion retailer focused on selling affordable, high-quality pieces. "I think we're coming full circle, to a point where women want to buy one really nice piece instead of three," she said. The Guardian (London) (02 Feb.) LinkedInFacebookTwitterEmail this Story
  • Leahy recalls his first years at the reins
    Terry Leahy became CEO of British supermarket chain Tesco at the age of 40, and says he was completely unprepared for the task. Still, he made up for his inexperience with an innovative streak and a strong work ethic. "I had no sort of natural authority. But, compensating on the other side, I had a lot of energy," he recalls. The New York Times (tiered subscription model) (02 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Chinese services sector posts strongest growth since August
    Fueled by construction and retail sales, China's services sector expanded last month at its fastest rate since August. The National Bureau of Statistics and the China Federation of Logistics and Purchasing say their nonmanufacturing purchasing managers' index reached 56.2, compared with 56.1 in December, on a scale in which anything higher than 50 indicates growth. Bloomberg (03 Feb.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • L'Oreal Paris to debut online store in France
    L'Oreal Paris will launch a website to start selling its cosmetics online in France for the first time next month. The mid-priced line has thus far only been available at department stores and other brick-and-mortar retail outlets. Reuters (02 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Mass Merchandise 
  • Middleman Li & Fung feels the pinch
    Li & Fung, the supplier of consumer goods to major retail chains including Wal-Mart and Kohl's, has been falling short of its goals as sales in the US and Europe slow while manufacturing costs in Asia continue to rise. The company launched a strategy two years ago to begin deriving more of its revenue from licensing and distributing branded goods, but analysts expect the company to fall short of its profit targets. Bloomberg Businessweek (04 Feb.) LinkedInFacebookTwitterEmail this Story
  • UK factories raise hopes of recovery
    UK manufacturers reported smaller growth in January than the month before, according to a report released Friday, but the modest expansion raised hopes for Britain's economic recovery. "Broadly the findings argue against the UK going into a triple-dip recession, and ... offer hope that a more sustainable recovery might be in train," said economist Philip Shaw. The Guardian (London) (01 Feb.), Reuters (01 Feb.) LinkedInFacebookTwitterEmail this Story
  • Surveys: Challenges ahead for Asia's manufacturing sector
    Manufacturing rose in China last month, but the pace of growth showed an uneven recovery for China and other Asian countries that's likely to continue in the coming months, according to reports released Friday. "January's PMI does raise some red flags about the state of the economy," said economist Alistair Thornton. "Things look a little shaky." China Daily (Beijing) (01 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • Forging the right path to international expansion
    Building bridges into new and emerging markets requires the right expansion framework and a critical analysis of market dynamics. A white paper by L.E.K. Consulting posted in the Shop.org library explains the hot target markets, modern-day examples within the industry, and entry strategies all companies should know to create both global brand consistency and tailor products for local appeal. Download the white paper. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
To attain knowledge, add things every day. To attain wisdom, subtract things every day."
--Laozi,
Chinese philosopher


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