| Global retail industry news |  |
- Tesco's sales growth expected to outpace rivals', study finds
IGD, an international food and grocery analyst, estimates that Britain's Tesco will experience annual sales growth of 7.5% from 2010 to 2015. Wal-Mart, by comparison, should see yearly sales growth of 4.7%, while France's Carrefour is expected to grow by 5.9% annually, according to IGD. Germany's Metro is forecast for growth of 5.3%, IGD said. "Global retailers that want to achieve the highest growth rates are those that are building a presence in emerging markets," said Joanne Denney-Finch, CEO at IGD. Reuters (16 Feb.)        | Each year U.S businesses spend trillions of dollars on goods and services. Focus Research empowers buyers to spend their budget wisely by offering easily accessible and trustworthy information on vendors that support small and mid-size business operations. Download this free whitepaper that compares leading CRM vendors to ensure you choose what's best for your organization. |
 - Germany's Praktiker to widen own range, launch online sales
Praktiker, one of the largest home-improvement retailers in Germany, is embarking on a plan to boost profitability to former levels. The plan includes expanding its range, selling products online and a new advertising campaign. Praktiker reported €129 million in profit in 2008, but earnings declined to half that level in 2009, with less than that forecast for 2010. ForexYard/Reuters (16 Feb.) - PPR tops forecasts with profit for 2010
PPR, the France-based luxury and retail group, exceeded expectations for its 2010 operating profit as the luxury market rebounded and its Puma sportswear brand had growth. PPR's full-year profit reached €1.53 billion. PPR announced in 2010 that it will sell its Conforama furniture retailer, and the company is looking to to offload Fnac and Redcats as it focuses on luxury and lifestyle brands. Reuters (17 Feb.), The Wall Street Journal (17 Feb.)  | Gain insight into the overall health of U.S. businesses and how to leverage new tools to better manage business, while reducing risk exposure. View our on-demand Webinar Gain a clearer picture of small-business risk in an uncertain market. |
 - Pantaloon in expansion mode despite recent challenges
Kishore Biyani, managing director at Pantaloon Retail, said the Indian retail giant is planning to expand its retail space across formats, including Big Bazaar, Brand Factory and Pantaloon. The company is also preparing for another funding round for its e-commerce business, Biyani said. Meanwhile, Pantaloon is spinning off its eZone electronics format into a subsidiary. "We are not looking at expanding eZone by opening stores. The idea is not to increase the number of stores but to use the mobile and digital platform to sell electronics," Biyani said. DNA (India) (17 Feb.)  | Create a winning social-media strategy
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 | Retail in Latin America |  | | | | E-commerce Spotlight | | | | - Wal-Mart promotes e-commerce exec to head of global team
Wal-Mart Stores has named Cindy Davis, an e-commerce veteran, as executive vice president of global consumer insights. Davis will analyze consumer trends and search for insights into consumer needs. "Cindy is uniquely suited to lead the development of our new world-class Global Customer Insights team for Wal-Mart," said Brian Cornell, CEO at Sam's Club. "She has demonstrated an ability to build teams and capabilities that deliver business performance today while preparing us to capitalize on our business potential for the future." InternetRetailer.com (16 Feb.) | Spotlight on Consumer Electronics | | | | | NRF News | | | | - January marks seventh consecutive month of retail sales gains in US
Stronger discretionary spending has helped boost US retail sales as January marked the seventh straight month of gains. According to NRF, January retail industry sales increased 0.2% seasonally adjusted from December and 3.5% unadjusted year-over-year. NRF's chief economist noted stock market gains, tax cuts, income growth and savings may have contributed to the recent spur in consumer spending. Read more.
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