  | Global retail industry news |  |
- UK retailers' plans should include South America, A.T. Kearney says
Marks & Spencer, Tesco and other British retailers should include South America in their expansion plans, according to A.T. Kearney, a global management consulting firm. Kearney's global retail development index shows that Brazil, Uruguay, Peru and Chile are among the 10 most attractive countries for retail expansion. "Tesco, M&S and Sainsbury's do, are present or planning developments in eastern Europe and Asia, which are emerging markets, but have not shown plans to open stores in South America," according to the A.T. Kearney report. "It is clear to us that U.K. retailers may be missing out by not actively considering South America." Bloomberg (06 Jun.)        | Utilize the Zurich Enterprise Risk Management Healthcheck assessment tool to get a better understanding of your current ERM strategy with recommendations for improvement. Sign up for FREE access today! |
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 - Companies eager to enter Asia should look beyond China, expert says
Joerg Wolle, chief executive officer at DKSH, says that companies that are interested in conducting business in Asia should consider some of the smaller nations in the region. "China is very tempting because of the size of the market," Wolle said. "But China is also, for sure, the market with the toughest competition. Since every board of directors thinks 'we have to be in China,' you have by far the highest competition and the smallest margin. Meanwhile, the Chinese are the smartest and toughest negotiators in the world." The Wall Street Journal (tiered subscription model) (07 Jun.) - The Bombay Store enters strategic alliance with Magic Bus
The Bombay Store will start selling Magic Bus merchandise exclusively following a strategic alliance between the retailer and the non-profit organisation. The Bombay Store is open to other similar corporate social responsibility programmes. "Keeping in mind the pillars of gender equality, education through sport, and health and hygiene, of Magic Bus, we have tried to create an exclusive collection of products that will currently be solely sold at our outlets," said Anaggh Desai, CEO at The Bombay Store. The Economic Times (India) (06 Jun.)  | Want the Secret to Customer Loyalty?
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 | E-commerce Spotlight |  | | | - Japan's Rakuten to acquire Brazil's Ikeda, source says
Rakuten, one of the largest online retailers in Japan, is planning to enter Brazil by acquiring Ikeda, an e-commerce firm, a source said. Ikeda helps Brazilian retailers develop their online offerings. Rakuten has been looking abroad for opportunities, having bought Buy.com, a US online retailer, and PriceMinister, a French marketplace. Nasdaq.com/Dow Jones Newswires (07 Jun.) | Spotlight on Grocery | | | | - Indian firms scrutinise claim that Reliance is largest food retailer
Mukesh Ambani, chairman at Reliance Industries, said that Reliance Retail is India's largest food retailer. His competitors disagree, saying Reliance might have the most stores, but not the highest revenue. "You can check out the numbers to find out who is the largest. They might be large in terms of food and grocery store presence, but we are the largest in terms of revenues," said Kishore Biyani, CEO at the Future Group. Business Standard (India) (06 Jun.) - Some German supermarkets ration sugar due to panic buying in Poland
Prices on sugar have surged in Poland on concerns about a shortage. The situation has prompted supermarkets in Germany near the Polish border to ration sugar in an effort to deal with panic buying. A representative of Metro confirmed that some of its Real supermarkets are restricting sales of sugar to eight bags per customer. Reuters (06 Jun.) | NRF News | | | |
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