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07 January 2013
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Global retail industry news

  Global Industry Watch 
  Retail in Europe 
  • France's malls make changes to bring in crowds
    So Ouest on the outskirts of Paris is one France's newest malls, a collection of 102 stores and 10 restaurants anchored by a 165,000-square-foot hypermarket. The mall, which is on track to attract 10 million visitors in its first year, is an example of the way France's mall developers are reinventing shopping centers to convince digital-age consumers to keep going to brick-and-mortar stores. Women's Wear Daily (subscription required) (04 Jan.) LinkedInFacebookTwitterEmail this Story
  • Reports mixed on UK December spending
    Early reports of UK retail sales for December have them either down a bit or up a bit, depending on the source. Visa Europe reported a decline of 1.7%, while MasterCard said last-minute shoppers drove an increase of 3.9% compared to the same month in 2011. A third report, this one from BDO, found that like-for-like sales rose 1.9% in the five weeks leading to Dec. 29, driven by double-digit growth in online shopping. BBC (06 Jan.), Bloomberg (06 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
  Retail in Asia 
  • Blues Clothing aims to keep Versace in India
    Indian luxury retailer Blues Clothing, which recently lost its deal with Italian menswear brand Corneliani, said it expects to extend its 2005 franchise agreement with Gianni Versace. One out of every four brands that enter India don't succeed with the first partnership, according to Booz and Co., and it's not unusual for them to change partners and business models. LiveMint.com/The Wall Street Journal (India) (04 Jan.) LinkedInFacebookTwitterEmail this Story
  • Competition, changing tastes challenge KFC in China
    Yum! Brands' KFC has been the dominant Western quickservice chain in China, but that's changing as rivals including McDonald's and Carl's Jr. ramp up their growth plans. Additionally, consumers who once saw the ability to eat at KFC as a sign of status are changing their perceptions as they grow wealthier and more health-conscious, analysts say. The Guardian (London) (04 Jan.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Amazon scours Scotland for food, beverage makers
    Amazon is looking to Scottish companies as it ramps up competition with UK grocers by adding more food and drink products. The online retailer has organized an event in Glasgow later this month to meet food and drink makers in a wide variety of categories from candy to pet food to whiskey. The Grocer (U.K.) (05 Jan.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Report: China to Africa exports stay strong
    About 18% of Africa's imports came from China in the first 10 months of last year, up from 16.8% the year before and 4.5% in 2002, according to Standard Bank researchers. China's exports to Africa have continued to grow despite rising costs, said researcher Jeremy Stevens. “Demand from African countries, especially the largest ones such as Kenya, Egypt, Angola, Nigeria and South Africa, has simply become even more important to Chinese firms." IOL.co.za (South Africa) (04 Jan.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • The data you need to expand internationally
    Retailers considering international expansion have a wealth of statistical information right at their fingertips with FIRAE’s industry data page. The industry data, sorted by country, provides economic statistics from retail environments worldwide. Researching new economic frontiers is only a click away! Learn more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If money be not thy servant, it will be thy master. The covetous man cannot so properly be said to possess wealth, as that may be said to possess him."
--Francis Bacon,
British author and statesman


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