| Global retail industry news |  |
- Woolworths looks to Nigeria, Mauritius, Angola
South African retailer Woolworths Holdings is striving to increase its presence in Africa as it looks at opportunities in Angola, Mauritius and Nigeria. "We are committed to Africa," said CEO Ian Moir. "In 10 years' time, Africa will become a much more important part of our business. It's not a two-to-five-year game." Bloomberg Businessweek (17 Feb.)        | Writing an Executive Summary That Means Business
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 - London named top city in the world for shopping
Britain's Centre for Retail Research released a study that found London generated £64.2 billion in non-food retail sales in 2010, making it the top city in the world for online and in-store shopping. London was followed by Tokyo, New York and Paris in the study, which covered 22 major destinations. "The key to London's success appears to be the quality and quantity of shops on offer, combined with the revenue generated by the huge volume of tourists that passes through," said Chris Simpson, marketing director at Kelkoo, which commissioned the study. Bloomberg/The Associated Press (17 Feb.), Reuters (17 Feb.), Evening Standard (London) (17 Feb.)  | Are you keeping up with the changing world of employee health care? Get The Basics of Employee Health Care for Small Business: A Guide to Creating a Company Benefit Plan, and find out what you need to know today. There's no obligation. Click to download a FREE whitepaper. |
 | Retail in Asia |  | | | - China works on contract rules for suppliers and retailers
Yao Jian, a representative of China's Ministry of Commerce, said the ministry is working with industry associations to develop rules covering contracts between retailers and suppliers. The effort comes after disputes between Carrefour and some of its suppliers. "We have been working with industrial associations to establish new contract regulations, hoping to solve the problem through standardized contracts between suppliers and retailers," Yao said. People's Daily (China) (17 Feb.) | Retail in Latin America | | | | | E-commerce Spotlight | | | | - Logistics hinder China's e-commerce industry
China's e-commerce sector is growing rapidly, as the country is home to the most Internet surfers in the world. However, online retailers face logistical challenges, insiders said. "Logistics is an important part of e-commerce so many e-commerce giants, including Joyo Amazon, the Chinese subsidiary of US-based online retailer Amazon.com Inc, have started to build their own logistics network to contend with the increasing orders," said Chen Shousong, an analyst at Analysys International. Xinhuanet.com (China)/China Daily (18 Feb.) - Revenue for top Australian eBay sellers skyrockets
The leading 2,000 Australian e-Bay sellers saw their revenue increase almost 40% last year, according to the company. "We are at an inflection point in Australian retail where millions of Australians are increasingly choosing to shop online instead of going into a store," said Deborah Sharkey, managing director at eBay Australia & New Zealand. The Sydney Morning Herald (Australia) (18 Feb.) - Asos to launch online retailing shop on Facebook
Asos, the UK-based fashion retailer, is leading the pack by opening an outpost within Facebook. While other retailers use Facebook to communicate with customers, consumers will be able to shop Asos' inventory without leaving the social networking site. "Our [customers] are on Facebook all day, every day," said CEO Nick Robertson. Bloomberg Businessweek (17 Feb.) | Spotlight on Fashion | | | | - PPR's Pinault to run Gucci Group
Francois-Henri Pinault, CEO of PPR, will take control of the company's luxury division, Gucci Group. Robert Polet, head of the Gucci Group, is leaving March 1. "Francois-Henri's challenge is to show the world that he is good enough to make the PPR group grow more and more in the coming years," said Armando Branchini, vice president of the consulting firm InterCorporate. "It's also important for him to demonstrate that he's as strong as Bernard Arnault, or perhaps more successful." The New York Times (free registration) (17 Feb.), Bloomberg (17 Feb.) | NRF News | | | | - NRF forecasts US retail sales increase of 4% for 2011
On the heels of seven consecutive months of US retail sales growth, NRF's economic forecast for 2011 shows retail-industry sales will increase 4% over 2010. NRF President and CEO Matthew Shay commented, "With retailers leading the charge, the economic recovery appears to be gaining some steam." As part of the forecast, NRF has also released the latest Retail Sales Outlook, a quarterly report free to NRF members. Read more.
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