  | Global retail industry news |  |
- Zara's entry into Sydney raises concerns for local retailers
Zara, the Spanish fashion label known for quickly turning around new designs, enters the Sydney market this week. Local retailers are concerned about the increased competition. "Zara is a fast-fashion label -- they will go for volume and price," said Ian Nairn, CEO of Witchery. "Without a doubt, Zara will take market share from other local brands. They will take a little bit from a lot of retailers." The Australian (18 Apr.)        | Evaluate your Energy company's top ten, potential risks and loss management strategies with the Zurich Virtual Consultant tool. Sign up to get FREE access today! |
 - Ahrendts says Burberry has "created a pure brand"
Angela Ahrendts, the American businesswoman behind UK-based Burberry, is striving to increase the brand's presence around the world. She was recently in China for the launch of Burberry's new flagship store in Beijing. "This is the what I think we've done with Burberry," Ahrendts said. "We have stopped just 'making stuff'. We've stopped making stuff and we've created a pure brand. That is the essence." Telegraph (London) (17 Apr.) - UK shopping malls filling with discounters, fast-food chains
The makeup of Britain's shopping malls is shifting toward budget chains, fast-food outlets and pound shops, according to a report by Trevor Wood Associates, a retail consultancy. The report shows that Greggs, Peacocks and Poundland are among the firms exhibiting the fastest growth in the country's shopping centres. "Because of changes in the market in the last few years, opportunities presented themselves and [budget chains] grabbed them with both hands. A few years ago, it would have been more difficult to find a shop," said Trevor Wood, senior partner at the consultancy The Guardian (London) (18 Apr.)  | Use social media to enchant your customers
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 - India encourages more energy-efficient home appliances
India's Bureau of Energy Efficiency is poised to roll out a "super efficient equipment programme" as part of an effort to encourage appliance manufacturers to produce more energy-efficient products. "There is certainly a market for super-energy efficient products in India as 90% of consumers today are opting for star-rated products. However, consumers may have to pay more," said Y V Verma, president of the Consumer Electronics and Appliance Manufacturers Association. The Economic Times (India) (18 Apr.)  | Are You In with the In Crowd?
In each company there is a core group who seems to call the shots, or perhaps are those for whom the shots are called. For better and for worse this group, not on any org chart, reinforces whatever it pays attention to. Order this Harvard Business Review article to better recognize and lead these key influencers. |
 | Retail in Latin America |  | | | - Mexico upsets major retailers with restrictions
Mexico City Mayor Marcelo Ebrard submitted a regulatory proposal that would prohibit major retail chains from establishing a new store near traditional markets. Mexico's major retailers are voicing their opposition to the new rule, known as Norma 29. The Federal District Legislative Assembly approved the rule late last week. Ebrard said that the city should protect markets because they are what gives the city its identity. The Wall Street Journal/Dow Jones Newswires (15 Apr.) | E-commerce Spotlight | | | | - Online presence becomes increasingly important, report finds
A survey by PricewaterhouseCoopers found that it has become increasingly important for retailers to have an online presence as more consumers shop via the Internet. "Despite the fact there are now more opportunities for consumers ... it's now prompting them to spend more than they did before," said Puneeta Mongia of PwC. "Consumers are instead consolidating their spending with their favourite multi-channel retailers -- meaning being a 'favourite brand' will become increasingly important, and that those without multi-channel propositions may well lose out." The Independent (London) (18 Apr.) - New Zealand retailer prepares to launch online sales
Kirkcaldie & Stains, a major department store in Wellington, is in the midst of a $1.5 million system upgrade that will allow the retailer to start selling products online. The retailer is shifting from a paper-based inventory system to a system that integrates sales, inventory and customer relationships. Stuff (New Zealand) (18 Apr.) | Spotlight on Mass Merchandise | | | | - Tesco CEO Clarke poised to unveil record profits
Philip Clarke, chief executive officer at Tesco, will unveil results this week during a time when many in the industry have warned about the challenges of the trading environment. Clarke is expected to go against the grain by announcing record profits. However, Tesco's results are expected to show that the retailing giant has struggled at home while experiencing significant growth from international operations. Telegraph (London) (17 Apr.) | NRF News | | | | - Shipping companies offer advice, discuss challenges with retail execs
At last week's Global Supply Chain Summit, executives from ocean shipping, railroad carrier and trucking companies shared advice for retailers on how to work together to move goods across the country and across the world. Panelists agreed that rising fuel costs are the most crippling factor companies are currently dealing with. Read more.
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