| Global retail industry news |  |
- JB Hi-Fi capitalises on multi-channel landscape, analyst says
Retailers in Australia have been forced to take note of the dramatic increase in online buying. JB Hi-Fi has taken the lead and is poised to profit on the increasingly multi-channel retail landscape, according to Rob Blythe, a consumer analyst at Macquarie Securities Group. "Domestic retailers have been slow to the game, however JB Hi-Fi are one of the best established, multi-channel offers in Australia," Blythe wrote in a report. Current.com.au (Australia) (10 Mar.)        | Keep business cards and notes together — Everyone has experienced the frustration of returning from a meeting, trade show,
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 - Home Retail says outlook is cautious
Home Retail Group said it expects its pretax profit for the year to Feb. 26 to be as high as £255 million, down from a previous forecast of £263 million. The owner of Homebase and Argos said that it has become increasingly cautious as consumers rein in their spending. "There are clear signs of further pressures on consumer spending, with recent trading conditions, particularly at Argos, proving to be more difficult and volatile than we anticipated," said Home Retail CEO Terry Duddy. Telegraph (London) (10 Mar.)  | Retail in Asia |  | | | - Dell plans retail push to boost market share in China
Dell is planning to establish more than 1,000 retail centers this year as well as add 1,000 after-sales service outlets across China. Dell Greater China President Yang Chao said that the retail centers will be used to display products for personal users as well as corporate clients. IDC, the market research firm, reported a decline in Dell's share of the Chinese market from 10% to 7.5% in the fourth quarter of last year. ChinaRetailNews.com (08 Mar.) - Saint-Gobain shuts down La Maison outlets in Shanghai
Nicolas Nie, external affairs director at Saint-Gobain China, said that in response to dwindling demand, the building materials company is closing all seven of its La Maison stores in Shanghai. "More and more housing and apartments sold already come with interior settings so the total market is shrinking," he said. "China is a new market and we are at a stage where we are evaluating what's a good model for the Chinese market." Reuters (09 Mar.)  - John Lewis to expand online deliveries to 27 more countries
Starting in June, John Lewis plans to offer home delivery of products ordered online to France, Germany, Ireland and eight other European nations. The department store will then launch online deliveries in Australia, New Zealand, the U.S., Singapore and a dozen other countries. "This is about us being confident there will be real demand from the expat market," said Andy Street, the company's managing director. The Independent (London) (10 Mar.) - Yoox expected to emerge as suitor in consolidation wave
Yoox, the online fashion retailer, is expected to emerge as a buyer, rather than a seller, in the merger and acquisition wave taking over the Internet clothing market. "Our ears are pricked up for acquisitions," said Yoox founder and CEO Federico Marchetti. Reuters (09 Mar.)  | Three Trends Causing Paradigm Shifts in Online Retail
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 | Spotlight on Consumer Electronics | | | | - Suning to offer more pricing transparency
Suning Appliance, a major electronic appliance retailer in China, is overhauling its pricing system to provide more transparency to consumers. An industry analyst said consumers could benefit from the new scheme. "The practice would force retailers to offer the most competitive prices right on the price tag, otherwise consumers would turn to other retailers," said Li Xuerong, an analyst with CIC Industry Research Center. Global Times (China) (08 Mar.) | NRF News | | | | - NRF & KPMG explore lessons learned from the global financial crisis
Learn about the tactical decisions and strategies retailers across the globe have implemented in the face of a down economy. Together with KPMG, NRF has published the ninth annual state of the industry report -- Retail Horizons -- and will provide a detailed overview of the findings at a March 18 webinar. Sign up now to learn how the industry is recovering and how to position your own company for success. Learn more.
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