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05 February 2013
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Global retail industry news

  Global Industry Watch 
  • Report: Emerging markets home to fast-growing retailers
    Emerging markets led by China accounted for 24 of the world's 50 fastest-growing retail businesses between 2006 and 2011, according to Deloitte. "Growth opportunities for many of the world’s largest retailers continue to be driven by global expansion in an attempt to make up for slow-growing or stagnant domestic markets," said Ira Kalish, director of global economics at Deloitte Services. CampaignAsia.com (04 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • Oak Furniture Land's serendipitous growth story
    Jason Bannister paid £10,000 in 2004 for a shipping crate full of Mexican pine furniture, storing it in a chicken shed until he discovered eBay and started selling. Five years later, in the depths of the UK's economic downturn, Bannister opened the first brick-and-mortar Oak Furniture Land store. His company now operates 36 stores, with more opening at the rate of about one per month. The Telegraph (London) (tiered subscription model) (04 Feb.) LinkedInFacebookTwitterEmail this Story
  • Burger King's slow march back to France
    Burger King was out of France for 15 years, allowing rival McDonald's to capture the lion's share of the market, but now a partnership with Italian operator Autogrill has brought the brand back to France with a strategy that lets Burger King test the market without significant upfront investment. "They have the name recognition, that weird cult following in France,” said Euromonitor International analyst Michael Schaefer. Bloomberg Businessweek (04 Feb.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • Yum! downgrades earnings forecast on China woes
    Yum! Brands revised its earnings forecast for 2013 on Monday, to a "mid-single-digit" percentage decline from an earlier announced estimate of 10% growth, citing a backlash after it was learned last year that KFC restaurants in China were sourcing chicken from two producers that were using excessive antibiotics. Yum! saw January same-store sales fall 37% in China, where it has 5,300 restaurants that typically generate half the company's sales. Reuters (04 Feb.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • December saw slower online sales growth in Australia
    Australia's online retail sales rose 23% in December, down from 27% the month before but still considered a robust growth rate, according to the National Australia Bank Online Retail Sales Index. Sales growth peaked in November as holiday shoppers rushed to get their orders delivered in time for Christmas, said the bank's chief economist. The Sydney Morning Herald (Australia) (04 Feb.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Grocery 
  • Fresh & Easy doesn't plan to close stores
    In a Facebook message, Tesco's US banner, Fresh & Easy Neighborhood Market, told shoppers that though it is undergoing a strategic review, it is not about to close. "While we don't know exactly what the outcome of this strategic review process will be, we want to assure you we don't have plans to close stores and we're confident Fresh & Easy can continue to be your favorite neighborhood market," Fresh & Easy said. Bloomberg Businessweek (01 Feb.) LinkedInFacebookTwitterEmail this Story
  • Grocers, discounters bid on HMV stores
    Supermarket chains Iceland, Tesco, Sainsbury's and Morrisons have submitted bids to acquire the leases on HMV store spaces that are large enough to house grocery stores. The music retailer entered administration last month, and has 220 store spaces up for bid; low-priced rivals including Poundland and 99p Stores may be bidding for some of the same stores. The Independent (London) (03 Feb.) LinkedInFacebookTwitterEmail this Story
  • Morrisons acquires 7 new c-store sites
    Morrisons will build seven new M Local convenience stores in former Jessops camera stores in England and Scotland, part of a larger plan to add 50 new M Local stores this year, the company said. The Grocer (U.K.) (04 Feb.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • What’s hot in retail (and at NRF)
    The regalia and record-setting attendance of Retail’s BIG Show 2013 was as popular as ever in January, but it wasn’t the only news retailers had their eyes on last month. Readers were tuned in to NRF’s announcement of December retail sales and the results of the 2012 holiday season, the retail sales forecast for 2013, and the release of monthly reporting dates for retailers via NRF’s 4-5-4 calendar. Read more. Retail's BIG Blog (01 Feb.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Failure changes for the better, success for the worse."
--Seneca the Younger,
Roman philosopher, statesman and playwright


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