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11 February 2013
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Global retail industry news

  Global Industry Watch 
  • Target's arrival to drive Starbucks growth in Canada
    Starbucks Canada will open more than 150 new cafes this year, many of them inside some of the 124 Target stores set to start debuting next month. The brand says it's winning over more Canadian coffee drinkers with its blonde roast, billed as "Starbucks coffee for Canadians who didn't think they like Starbucks coffee." Financial Post (Canada) (08 Feb.) LinkedInFacebookTwitterEmail this Story
  • US chains struggle with chicken shortage in Africa
    An African restaurateur looking to expand his fledgling chain of KFC eateries has hit a stumbling block when it comes to supply -- local chicken farms can't meet the demand, imports mean higher prices that often turn off prospective customers and some countries including Nigeria and Kenya ban poultry imports. The situation illustrates a bigger problem for the continent as rural farmers and food producers fail to keep up with the pace of middle-class growth. The Wall Street Journal (08 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
10 ways to inspire creativity in your staff.
Fostering creative business practices isn't as hard as it seems and can lead to smart solutions. Use these ten techniques to help inspire and encourage creativity in your staff. Read the article and learn 10 ways to get the creative juices flowing.

  Retail in Europe 
 
  • CEO: How McDonald's UK stays up in a down economy
    McDonald's stores in the UK are holding their own amid an economic downturn that's taking a toll on some of the chain's rivals, says UK chief executive Jill McDonald. For one thing, consumers are trading down from pricier casual dining options more often, she says, and for another, remodeled stores and upgraded menus are bringing in more customers. The chain plans to open about 20 new UK units this year. The Telegraph (London) (tiered subscription model) (09 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
A Retailer's Guide to 'Demand-Driven' (+Gartner Research)
Consumers today have access to endless input and decide in moments. Discover how the demand-driven supply chain responds quickly to changing consumer preferences and supports demand shaping, while pre-emptively positioning inventory. This has far-reaching impacts on the enterprise and supplier community, not to mention the top and bottom line.

  Retail in Asia 
 
  • Organic's higher price tags deter India's shoppers
    Organic food and other products aren't catching on fast in India, where organics make up only about 2% of food sales at major retailers including Future Group, Reliance Retail and Spencer's Retail. Supply chain glitches mean not all organic products are always in stock, and the 50% to 70% premium shoppers pay for organic may be the biggest deterrent to growth, retailers say. The Economic Times (India) (11 Feb.) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Retail in Latin America 
 
  • Mexico's Grupo Sanborns raises $950 million
    Grupo Sanborns, the Mexican retail conglomerate controlled by billionaire Carlos Slim, raised $950 million in a new public stock offering. The company, which operates mostly department stores and restaurants, plans to use the funds for several purposes including opening new stores, remodeling existing locations and possibly making new acquisitions. The Wall Street Journal (08 Feb.) LinkedInFacebookTwitterEmail this Story
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  E-commerce Spotlight 
  • Metro gets aggressive to grow online electronics sales
    Metro-owned consumer electronics retailer Media Saturn plans to more than double its online sales to 10% of total sales by next year, and continue growing its e-commerce market share as it competes with Amazon in the years ahead, said unit chief Horst Norberg. The Germany-based retailer operates 942 stores and also plans to add 40 to 50 new brick-and-mortar locations each year. Reuters (10 Feb.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Mass Merchandise 
  • Higher UK exports boost recovery hopes
    The UK trade deficit narrowed in December and exports rose 1.9% on stronger trade with countries outside the European Union, according to data from the Office for National Statistics. "[The] figures suggest that prospects for the first quarter are brighter, with the threat of a triple-dip recession receding," said economic adviser Nida Ali. The Telegraph (London) (tiered subscription model) (07 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • What will it take to thrive in the global arena?
    At Retail's BIG Show in New York City last month, executives from Mango, Delhaize Belgium and Ebeltoft USA recapped a recent study of 92 retailers in 18 countries to explain which companies are expanding globally the right way and focusing on innovative concepts and methods needed to exceed customer expectations around the world. Read more. LinkedInFacebookTwitterEmail this Story
 
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  SmartQuote 
The only man I know who behaves sensibly is my tailor; he takes my measurements anew each time he sees me. ... The rest go on with their old measurements and expect me to fit them."
--George Bernard Shaw,
Irish playwright


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