Friday, January 27, 2012

Retail buyers find much to like on Paris runways

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27 January 2012
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Global retail industry news

  Global Industry Watch 
 
  • Starbucks' new earnings report reflects global growth
    Starbucks broke out its financial results by geographical region for the first time when it announced a 10% rise in earnings for the first quarter on Thursday. The U.S. continues to be the coffee chain's biggest growth market, but Asia saw the biggest jump in same-store sales, with a 20% increase, and UK-based shops reported a boost during the holidays from sales of seasonal beverages including eggnog and gingerbread lattes. The Guardian (London) (26 Jan.), The Wall Street Journal (27 Jan.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Carrefour may name new chief executive
    Paris-based retail chain Carrefour is reportedly close to striking a deal to hire Georges Plassat, the head of French apparel group Vivarte, to replace CEO Lars Olofsson, a change that may happen as early as next week. Plassat headed Carrefour's operations in Spain before joining Vivarte, and was previously CEO of French grocery retailer Groupe Casino. The Wall Street Journal (27 Jan.) LinkedInFacebookTwitterEmail this Story
  • Morrisons to turn 10 Best Buys into Kiddicare stores
    Supermarket chain Morrisons has acquired 10 former Best Buy stores in the UK and will turn them into Kiddicare locations, as part of a push to expand the brick-and-mortar presence of the largely online retail brand it acquired last year. Morrisons plans to hold a Facebook contest to let the public decide which location will open first. BBC (26 Jan.), Brand Republic (U.K.) (26 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
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  Retail in Asia 
 
  • Japan sees retail sales jump in December
    Retail sales in Japan rose 2.5% in December from the same month in 2011, the biggest increase in more than a year, as consumer spending rebounded from the earthquake and tsunami last March. The rise helped offset a a softening in the country's exports, economists said. Bloomberg (26 Jan.) LinkedInFacebookTwitterEmail this Story
  • IKEA hasn't ruled out expansion to India
    Swedish furniture giant IKEA is still considering opening in India -- despite restrictions on the new policy on foreign retail investment -- and plans to announce more details this spring, spokesman Josefin Thorell said. "India is still a very interesting potential retail market for the IKEA group, but we need to understand what the guidelines will mean for us." Business Standard (India) (27 Jan.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Brazil leads Latin America in online shopping
    Online shopping is on the rise in Brazil, and the country is expected to account for more than half of all business-to-consumer online sales in Latin America by next year, according to eMarketer. About 34% of the country's Internet users are expected to make at least one online purchase this year. eMarketer (25 Jan.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Fashion 
  • Icebreaker tailors its brand for Asia growth
    New Zealand-based outdoor apparel maker Icebreaker has been expanding its presence in Asia, opening a Taipei flagship last fall and partnering with Japanese sports company Goldwin. Icebreaker, which makes apparel from merino wool, will work with Goldwin to create pieces that fit the figures of Asian consumers, the company said. Inside Retailing Online (24 Jan.) LinkedInFacebookTwitterEmail this Story
  • Retro French fashion brand aims for online comeback
    The two ad agency directors who paid more than 10 million euros to acquire the Courreges brand last year aim to revive the designer's name and futuristic styles with the Feb. 1 launch of an e-commerce site. "We're hoping that the brand returns, in five to 10 years, to its former stature as a global brand with its dimension of innovation that earlier made its success," said co-owner Jacques Bungert. Canada.com (24 Jan.) LinkedInFacebookTwitterEmail this Story
  • Retail buyers find much to like on Paris runways
    Buyers liked what they saw on the runways at men's Paris Fashion Week, saying the oversized outerwear and daring fabrics and colors came together in the new. "Paris looked the best it has in years for both its newness and commercial salability at retail, two very important factors that drive profitability," said Holt Renfrew vice president Barbara Atkin. Women's Wear Daily (subscription required) (25 Jan.) LinkedInFacebookTwitterEmail this Story
  • Mywardrobe.com shifts from editorial focus
    Online fashion retailer Mywardrobe.com will relaunch its site with a shift away from editorial content and a more concentrated focus on the products it sells. While others see editorial content as a draw that brings consumers back, Mywardrobe founder Sarah Curran says it's a distraction for time-strapped shoppers. Brand Republic (U.K.) (24 Jan.) LinkedInFacebookTwitterEmail this Story
  • Other News
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