Friday, May 18, 2012

Wal-Mart wins as UK shoppers boost ASDA sales

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18 May 2012
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Global retail industry news

  Global Industry Watch 
 
  • Sears to spin off large stake in Sears Canada
    Sears Holdings said Thursday it will reduce its stake in Sears Canada to 51% from 95%, a move that could make the Canadian company ripe for a takeover as it struggles to keep up with growing competition as Target and other US retailers move into the market, analysts say. The Globe and Mail (Toronto) (17 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Wal-Mart wins as UK shoppers boost ASDA sales
    Same-store sales at Wal-Mart's UK supermarket chain ASDA rose 5% in the first quarter and foot traffic increased 2.9%, driven largely by consumers seeking discounts and deals in a down economy. The UK is Wal-Mart's second-largest market after the US. The Wall Street Journal (17 May.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
  • Indian consumers still prefer mom-and-pop shops
    Retail chains have expanded in India in recent years, but consumers still prefer the convenience of small neighborhood shops for groceries and other staples. Organized retail only commands about 8% of the country's grocery market, this story says. Channel NewsAsia (17 May.) LinkedInFacebookTwitterEmail this Story
  • Italian companies eye new opportunities in India
    India's decision earlier this year to allow single-brand foreign retailers to own all of their operations in the country has Italian companies taking a harder look at expanding in India, said Italian Trade Commissioner Erica Di Giovancarlo. "Italy is known for fashion. Indian designs are growing very fast. It will be interesting to see how two countries can match." The Economic Times (India)/Press Trust of India (17 May.) LinkedInFacebookTwitterEmail this Story
  E-commerce Spotlight 
 
  • UK online shopping rose 10% in April
    Online shopping in the UK was up 10% last month, driven largely by a 45% year-over-year jump in gift purchases, according to IMRG and Capgemini. Health and beauty and consumer electronics sales also booked double-digit growth, while apparel sales rose only 1%. Internet Retailer (17 May.) LinkedInFacebookTwitterEmail this Story
  • Australia's consumer watchdog to investigate price deals
    The Australian Competition and Consumer Commission said Thursday it will investigate claims that clothing importers are making deals with global online retailers to inflate prices for shoppers in Australia. A consumer advocacy group calls the deals anti-competitive, while brick-and-mortar retailers say the online retailers have unfair pricing advantages. ABC (Australia) (18 May.) LinkedInFacebookTwitterEmail this Story
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  Technology Solutions 
 
  • Canada's online retailers catch onto social media
    Retailers of all sizes are using Facebook and other social sites to drive traffic and sales for their burgeoning online retail outlets in Canada. The trend is fueling rapid growth for some Canadian online retailers, many of which got off to a slow start after initially launching e-commerce efforts, writes social media strategist Mia Pearson. The Globe and Mail (Toronto) (17 May.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Fashion 
 
  • Fashion experts share insight into tech-savvy style shoppers
    Retailers around the world are rushing to catch up to shoppers who have given up browsing brick-and-mortar stores in favor of doing their research online, much of it on social media sites such as Facebook and Pinterest, and the newness of the channels puts global merchants on a level playing field, said WGSN's Angelia Teo at the Asia Fashion Summit this week. "As a local or regional retailer, the opportunity is there to be a leader." Asia News Network (16 May.) LinkedInFacebookTwitterEmail this Story
  • Hugo Boss to add 60 new stores in China
    German men's fashion brand Hugo Boss plans to open 60 new stores in China, where it currently operates 86 shops, in an effort to expand the market from 15% to 20% of its global sales by 2015, CEO Claus-Dietrich Lahrs said Thursday. "We are finding that if you don't bring yourself into a relevant position in China, you may have problems back home." The Wall Street Journal (17 May.) LinkedInFacebookTwitterEmail this Story
  • Brioni to add stores, expand retail arm
    Italian menswear designer Brioni plans to expand its company-owned retail stores under new owner PPR, the French luxury conglomerate that acquired the brand in January. The company owns 32 of its 76 retail stores, and aims to add new locations in major cities in China and the US, said CEO Francesco Pesci. Women's Wear Daily (subscription required) (16 May.) LinkedInFacebookTwitterEmail this Story
  • Apparel maker Pan Brothers to enter retail arena
    Indonesian garment manufacturer PT Pan Brothers expects to increase sales 30% this year as sales in Asia remain strong, and it will launch its own retail brand in 2013, the company said this week. The company has two new factories set to come online this summer to produce products for global brands including Nike, Adidas and The North Face. The Jakarta Post (Indonesia) (16 May.) LinkedInFacebookTwitterEmail this Story
  • Other News
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  NRF News 
  • How Lowe's uses mobile apps to manage store operations
    Mobile technology isn't just revolutionizing sales and customer interaction for Lowe's; its award-winning "mobileDART" application is also changing the way store managers run their stores. In a 31 May STORES webinar, Lowe's Director of Enterprise Information Services Steve Cornett and MicroStrategy's VP of Retail Industry Solutions Frank Andryauskas will share seven key attributes for high-return mobile store operations and provide best practices for industry leaders of mobile ops solutions by retailers across the globe. Learn more or register. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Confusion is a word we have invented for an order which is not understood."
--Henry Miller,
American writer and painter


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