Thursday, April 26, 2012

Will consumption in BRIC countries catch up to the US?

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26 April 2012
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  Retail in Europe 
 
  • UK economy hits double-dip recession
    The economy in Britain contracted in the first quarter of the year, signaling a double-dip recession, and the country isn't likely to see significant growth until 2014, economists said. Despite the downturn, retailers added about 3,000 new jobs in the three-month period, largely at supermarket chains that added new stores. The Guardian (London) (25 Apr.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • India's Peter England brand adds travel, work bags
    Indian menswear brand Peter England plans to diversify its offerings with the launch of a line of travel and work bags including duffels, backpacks and laptop cases, the company said. Non-apparel sales are expected to account for 12% of total sales this year, said COO Kedar Apshankar. The Economic Times (India) (25 Apr.) LinkedInFacebookTwitterEmail this Story
  • South Korea's Homeplus reverses brief US beef ban
    Homeplus stores in South Korea have resumed selling beef from the US after a 9-hour ban instituted after US officials reported a confirmed case of mad cow disease. The government hasn't banned US beef imports, but Homeplus rival Lotte Mart said it will take more time to assess the situation before returning the imported meat to its shelves. The Telegraph (London) (26 Apr.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • The rise of India's online retail industry
    India's online retail industry has boomed in the years since the 1999 launch of Fabmart.com, the country's first e-commerce player, which struggled with dial-up connections and a text-only interface. Investors put more than $450 million into Indian e-commerce companies last year, and the largest player, Flipkart, books average sales of $500,000 per day. The Economist (25 Apr.) LinkedInFacebookTwitterEmail this Story
  • UK consumers do 25% of spending online, survey finds
    Smartphones and tablets are fueling online shopping from mobile devices in the UK, where consumers now do one-quarter of their spending online, according to WorldPay. More than half of Britons made purchases from mobile devices while watching TV, and 3% said they had shopped while in the bathroom. The Telegraph (London) (25 Apr.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Consumer Electronics 
 
  • iPhone drives faster global growth for Apple
    Apple has seen rapid sales growth in the Asia-Pacific region, driven by strong iPhone sales in China, and the area accounted for 26% of the company's first-quarter sales. "The iPhone is driving international expansion at a different pace than other products," said research analyst Mike Walkley. The Wall Street Journal (25 Apr.) LinkedInFacebookTwitterEmail this Story
  • Netflix boosts business in Canada as DVD stores fade
    Netflix is poised to turn its first profit in Canada since launching its subscription DVD rental and on-demand services there two years ago, the company said. Alternatives to brick-and-mortar video stores were slow to take off in Canada, but the demise of Blockbuster Canada is providing opportunities for Netflix, Zip.ca and others to grab market share, analysts say. The Globe and Mail (Toronto) (23 Apr.) LinkedInFacebookTwitterEmail this Story
  • Kesa Electricals might exit Italy
    Kesa Electricals, which sold its Comet chain last year, might need to downsize further by selling or closing its 24 consumer electronics stores in Italy, where losses over the next three years could total as much as €45m, said UBS analysts. "Sadly Kesa has been in the eye of the European storm." The Telegraph (London) (25 Apr.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  NRF News 
  • How Ralph Lauren, Kohl's, The Home Depot and Boscov's create a greener supply chain
    American Shipper's latest benchmarking initiative on environmental sustainability in the supply chain uncovered the leaders and practices that make going green a slam dunk. Jim Blaeser, American Shipper's publisher, will be joined by executives from these leading retailers at NRF's Global Supply Chain Summit, May 6 to 8 in Atlanta, to discuss emerging trends and best practices for a more sustainable supply chain. Learn more. LinkedInFacebookTwitterEmail this Story
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One person with a belief is equal to a force of 99 who have only interests."
--John Stuart Mill,
British philosopher and political economist


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