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21 March 2013
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Global retail industry news

  Global Industry Watch 
  • H&M gets transparent with release of supplier list
    Sweden-based fashion retailer H&M will include a full list of its suppliers as part of its annual sustainability report, a first in an industry that in the past has considered that information proprietary. The company works with 785 suppliers and 1,798 factories in Asia, Europe, the Middle East and Africa, the report shows, and more than 50% of the brand's apparel is made at factories controlled by 148 strategic partners that are committed to the company's sustainability program. Women's Wear Daily (subscription required) (20 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Europe 
  • UK retail sales rose strongly in February
    UK retail sales rose 2.1% in February compared to the month before, the biggest increase in almost a year, as shoppers shook off the snows of January, according to the Office for National Statistics. Sales were up 2.6% from the same month last year, raising economists' hopes that the economy has avoided a triple-dip recession. Bloomberg (21 Mar.) LinkedInFacebookTwitterEmail this Story
  Retail in Asia 
  • China's wines win approval from UK's oldest merchant
    Brits will now be able to buy four Chinese wines at Berry Bros. & Rudd, a 314-year-old wine merchant that counts the royal family among its customers. "For the first time we have some Chinese wine that will not be embarrassed alongside some of the world's finest wines. This really is a snapshot of what China can do in the future," said wine master Mark Pardoe. China Daily (Beijing) (21 Mar.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
  • UK's Boohoo.com parties to promote US site
    Manchester, England-based fast-fashion site Boohoo.com will turn a New York City firehouse into an iconic UK nightclub for one night this week, to promote its growing US business. The retailer, which targets women ages 18 to 25 with an inventory of dresses, denim, skirts and footwear that's refreshed daily, expects to double its global sales to $330 million this year. Women's Wear Daily (subscription required) (20 Mar.) LinkedInFacebookTwitterEmail this Story
  Spotlight on Consumer Electronics 
  • CEO of Best Buy's Five Star chain in China resigns
    Nicolas Wang, a Best Buy senior global vice president and CEO of the Five Star electronics chain in China, resigned this week, leading to renewed speculation that the US company may exit its international operations to raise capital and focus on turning around the business back home. Best Buy paid $180 million for Five Star, China's fourth-largest consumer electronics chain, in 2006. Star Tribune (Minneapolis-St. Paul, Minn.) (21 Mar.) LinkedInFacebookTwitterEmail this Story
  • Report: Smartphones drive gadget sales in Vietnam
    Consumers in Vietnam are expected to spend about 18% more on consumer electronics this year, led by strong demand for smartphones and flat-screen TVs, according to Business Monitor International. Smartphone sales rose 40% last year, accounting for a third of the overall consumer electronics market. InsideRetail.Asia (20 Mar.) LinkedInFacebookTwitterEmail this Story
  NRF News 
  • What are the biggest concerns for retail supply chains right now?
    Security of the international supply chain and funding to sustain America's infrastructure are a small sample of the issues that are top of mind for retail supply chain executives. As a preview to his presentation at NRF's Global Supply Chain Summit, Boscov's Department Stores' Larry Bergman discusses the impact of sequestration's federal spending cuts, the continuing potential for labor disruption at US ports and the retail supply chain executive's role in meeting demands in today's omnichannel world. Read more. Retail's BIG Blog (20 Mar.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
A community is like a ship; everyone ought to be prepared to take the helm."
--Henrik Ibsen,
Norwegian playwright


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