Friday, January 20, 2012

Carrefour sees sales slip, rethinks Planet plans

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20 January 2012
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Global retail industry news

  Retail in Europe 
 
  • UK retail sales rose in December
    Heavy discounting in the weeks leading up to Christmas led UK retail sales to rise 0.6% in December compared to the previous month and 1.7% over December 2010, the Office for National Statistics said Friday. Bloomberg Businessweek (20 Jan.) LinkedInFacebookTwitterEmail this Story
  • Carrefour sees sales slip, rethinks Planet plans
    Paris-based Carrefour's sales fell 11% in the fourth quarter amid slower consumer spending and competition from rivals Wal-Mart and Tesco, the company said Thursday. The chain also said it is rethinking its plan to invest €1.5 billion to upgrade 500 hypermarkets to its new Planet stores by the end of 2012. The Wall Street Journal (19 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Retail in Asia 
  • McDonald's takes upscale look to India
    McDonald's has begun remodeling 240 stores in India to a more sophisticated footprint that replaces the chain's primary colors and hard chairs with muted tones and comfy seating, and includes an upgraded menu aimed at attracting more adults. The chain has seen success with the new format in the US and Europe. The Economic Times (India) (20 Jan.) LinkedInFacebookTwitterEmail this Story
  • Starbucks seeks alliance with Tata, first location in India
    Starbucks is expected to open its first location in India by the end of the year, and the coffee company is putting the finishing touches on a deal to partner with India-based Tata Group by the end of January. Indian consumers have traditionally sipped tea, but more are ordering espressos and cappuccinos as they learn to like Western tastes. The Wall Street Journal (19 Jan.), Reuters (19 Jan.), Bloomberg (19 Jan.) LinkedInFacebookTwitterEmail this Story
 
  E-commerce Spotlight 
 
  • UK online retail sales hit record high in December
    Online retail sales in the UK rose 16.5% in December compared to the same month in 2010, hitting a record £8bn, according to Capgemini. Online shopping now accounts for 17% of all UK retail sales, and more merchants are creating or expanding their online retail efforts, the firm said. The Guardian (London) (19 Jan.) LinkedInFacebookTwitterEmail this Story
  • E-commerce on the rise in the Middle East
    E-commerce is still a small part of retail in the Middle East, but it's growing rapidly in the UAE and Saudi Arabia, according to Euromonitor. The research firm expects online sales in the region to double to $2.2 billion by 2016 as consumers grow more comfortable using credit cards to pay for online purchases. BBC (17 Jan.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Fashion 
  • True Religion takes its American brand global
    California-based jeans brand True Religion Apparel opened its first store in China last year, and boosted the number of its international stores from seven to 17. The company, which is finding success abroad with distinctly American premium jeans styles, expects to open at least 10 more overseas stores in 2012 and is working on deals to expand in markets in Europe and Asia. Women's Wear Daily (subscription required) (17 Jan.) LinkedInFacebookTwitterEmail this Story
  • Classic styles on display in Milan
    Menswear designers stayed true to their roots during Milan Fashion Week, with clean lines and classic looks dominating the runway and pleasing retail buyers, who are cautiously optimistic about the category's prospects in the coming year. "Overall, budgets are up this season to reflect our investment in men's wear at the store. It's a healthy business," said Anita Barr, director of men's wear at Selfridges. Women's Wear Daily (subscription required) (19 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
  NRF News 
  • Amazon.com tops list of best retailers for customer service
    Consumers have spoken: Amazon.com has the best customer service among U.S. retailers, according to a survey of thousands of shoppers. The announcement of the 2011 NRF Foundation/American Express Customers' Choice No. 1 spot was delivered this week at Retail's BIG Show -- and included a video revealing why the top ten winners stand out to consumers. Watch the video. Retail's BIG Blog (17 Jan.) LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The only sin passion can commit is to be joyless."
--Dorothy L. Sayers,
British writer


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