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22 February 2013
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Global retail industry news

  Global Industry Watch 
  • Avon's turnaround strategy means leaving some markets
    Avon left South Korea and Vietnam in 2012 and may exit more underperforming international markets as it looks to grow in more potentially profitable areas including Brazil, Russia and China, said CEO Sherilyn McCoy. McCoy has been heading a turnaround at the struggling 126-year-old beauty brand since she took the helm last April. The Wall Street Journal (21 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  Retail in Asia 
  • Report: Quickservice chains on the rise in India
    The number of quickservice eateries in India are on track to rise 30% through 2015, driving an urgent need to develop a more efficient supply chain, according to a report from Rabobank. McDonald's and Subway have introduced vegetarian versions of their eateries in India, and other US players including Dunkin' Donuts and Krispy Kreme recently made their debuts. QSRWeb.com (21 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Latin America 
  • December brings drop in Mexico's retail sales
    Retail sales in Mexico fell 1.8% in December compared to the same month in 2011, according to the national statistics agency, the biggest decline since April 2010. The news surprised analysts, 18 of whom had forecast a 2% rise. "With other information, we see that this shows an economy moderating," said economist Rafael Camarena. Bloomberg (21 Feb.) LinkedInFacebookTwitterEmail this Story
  • Other News
  E-commerce Spotlight 
  • Suning to bet big on online retail in China
    China's consumer electronics retailer Suning Appliances will invest about $3.5 billion to expand its online operations and add new product lines such as cosmetics and baby products in the next few years. "We need to cater to and invest in where the future consumer spending channels will be," said vice chairman Sun Weimin. Bloomberg (21 Feb.) LinkedInFacebookTwitterEmail this Story
  • John Lewis joins Collect+ to boost online sales
    UK retailer John Lewis has joined Collect+, a service that lets online shoppers opt to pick up and return their purchases at one of a network of independent retailers. The department store's online customers will be able to direct their orders to one of about 1,000 shops in Scotland, Northern Ireland and south-west England starting this fall. The Guardian (London) (21 Feb.) LinkedInFacebookTwitterEmail this Story
  Technology Solutions 
  • PayPal launches mobile payment option in Europe
    EBay-owned PayPal has launched a version of its mobile payment service, PayPal Here, for use by small businesses in Europe. The service uses a gadget the size of a smartphone that lets merchants accept credit and debit cards that work with Europe's more complex chip and PIN system. TechCrunch (21 Feb.), Reuters (22 Feb.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Fashion 
  • Tech turns runway shows into research labs
    Designers began streaming Fashion Week shows several years ago as a way to reach out to brand fans with a first look at new styles. Now, fashion houses are increasingly using viewer data, social media feedback and early online orders as a research tool to help them gauge which new looks are likely to sell and what might work in future collections. The New York Times (tiered subscription model) (21 Feb.) LinkedInFacebookTwitterEmail this Story
  • Bags play a big part in Prada's new lines
    Prada's fall collection includes big new bags in bright colors and bold gingham -- and, as usual, no logos anywhere. The fashion brand hasn't tied itself to a signature color, style or logo on its bags, an advantage over luxury rivals as wealthy consumers tire of logos and monograms. "All of a sudden, being too logo is not trendy anymore," says luxury analyst Luca Solca. The Wall Street Journal (21 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • How Amazon, Nordstrom and Wal-Mart lead the pack in digital retail
    ShopRunner Chief Strategy Officer Fiona Dias has been involved in and observing retail's evolution from senior leadership vantage points, ranging from GSI Commerce to Circuit City. At Shop.org's First Look at Retail's BIG Show last month, Dias boiled down how these companies are innovating in four key areas: leadership, perseverance, product and customer experience. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
You can do anything in this world if you are prepared to take the consequences."
--W. Somerset Maugham,
British writer


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