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17 January 2013
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Global retail industry news

  Global Industry Watch 
  • CEO: What lululemon learned from the holidays
    Lululemon, known for its $100 yoga pants, will raise its game with bold moves rather than diving into the discounting game to attract customers, said CEO Christine Day. In this CNBC interview, she also shares insight into the retailer's holiday season missteps, changing shopping trends and how the company is addressing them. CNBC (16 Jan.) LinkedInFacebookTwitterEmail this Story
 
  • Other News
  Retail in Europe 
  • Common language aside, shopping styles don't translate
    Tesco's highly publicized decision to end its US experiment with Fresh & Easy stores and Best Buy's failure to take the UK by storm illustrate the fact that just because US and UK consumers share a language doesn't mean they're the same when it comes to shopping, retail experts say. "Tesco really misjudged how Americans shop, and things like wrapped produce and foods that are discounted by freshness date didn’t appeal to them," said Kantar Research's Bryan Roberts. MediaPost Communications (16 Jan.) LinkedInFacebookTwitterEmail this Story
  • Uptick in France boosts Carrefour's holiday sales
    Carrefour reported a 0.8% increase in fourth-quarter sales, reflecting a rise in France as consumers there started spending again. Sales were softer in other European markets, while growth in Argentina boosted same-store sales in Latin America 11%, the retailer said. Bloomberg (17 Jan.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • India may move on IKEA's proposal next week
    On Monday, India's Foreign Investment Promotion Board will consider IKEA's $2 billion proposal to open stores there, an official said Wednesday. The board initially approved the petition in November, but IKEA objected to conditions that would have precluded it from selling its full inventory, including prepared food. The Wall Street Journal (16 Jan.) LinkedInFacebookTwitterEmail this Story
  • More manufacturing moves away from China
    Foreign direct investment in China fell 3.7% last year as companies moved low-cost manufacturing to less pricey markets including Thailand and Indonesia, where foreign direct investment rose 63% and 27% respectively. "We know we can't keep relying on a low-cost competitive advantage. We need to accelerate the value-added upgrading of our products," said Commerce Ministry spokesman Shen Danyang. The Wall Street Journal (16 Jan.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • Report: China's mobile users go shopping
    Mobile web use is skyrocketing in China, and about 55.5 million Chinese consumers now use their mobiles for shopping, according to a report from the China Internet Network Information Center. The number of mobile shoppers in China grew 136.5% in the second half of last year, the report said. China Daily (Beijing) (16 Jan.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  Spotlight on Consumer Electronics 
  • Tablet demand drove Dixons' holiday sales
    Same-store sales rose 3% at Dixons Retail during the quarter ended Jan. 5, driven largely by strong tablet sales during the holidays, the company said Thursday. The company, which operates chains throughout Europe under several banners including Currys, PC World, Elkjop, UniEuro and Kotsovolos, sold more than a million tablets during the quarter, said CEO Sebastian James. The Guardian (London) (17 Jan.) LinkedInFacebookTwitterEmail this Story
  • Metro to close Media-Saturn stores in China
    German retailer Metro will close up shop in China, shuttering its seven Media-Saturn stores there amid unexpectedly strong competition in the market, the company said. Metro's cash-and-carry stores in China won't be affected by the closure of the consumer electronics chain, said CEO Olaf Koch. Business Day (South Africa)/Reuters (16 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • And NRF's awards go to ... Amazon, Crocs and lululemon
    At NRF's Annual Retail Industry Awards Luncheon on Monday, Crocs CEO John McCarvel was awarded the Retail Innovator of the Year award, EVP Delany Schweitzer received the International Retailer of the Year award on behalf of lululemon, and Amazon's CEO Jeffrey Bezos was given the Gold Medal award. In his acceptance speech, Bezos remarked, "We like to invent, we like to pioneer, and we like to go into dark alleys that turn out to be wide vistas. And we’re still having fun." Watch the video. Retail's BIG Blog (15 Jan.) LinkedInFacebookTwitterEmail this Story
 
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  SmartQuote 
Admiration is a very short-lived passion that immediately decays upon growing familiar with its object; unless it be still fed with fresh discoveries, and kept alive by a perpetual succession of miracles rising into view."
--Joseph Addison,
British writer and politician


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