Tesco CEO Clarke poised to unveil record profits

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18 April 2011 Sign up Forward Archive Advertise Global retail industry news   Global Industry Watch    Zara's entry into Sydney raises concerns for local retailers Zara, the Spanish fashion label known for quickly turning around new designs, enters the Sydney market this week. Local retailers are concerned about the increased competition. "Zara is a fast-fashion label -- they will go for volume and price," said Ian Nairn, CEO of Witchery. "Without a doubt, Zara will take market share from other local brands. They will take a little bit from a lot of retailers." The Australian (18 Apr.) New Zealand's Warehouse sees changes in top management Graham Evans, director at The Warehouse, is taking over as chairman of the company, succeeding Keith Smith, who will serve as deputy chairman. Meanwhile, Mark Powell, the new CEO of the discount retailer, will replace Scot Ian Morrice. Sir Stephen Tindall, founder of The Warehouse, said more board changes are likely. National Business Review (New Zealand) (18 Apr.) Other News South Africa's Clicks posts 22% jump in half-year earnings Reuters (14 Apr.) Evaluate your Energy company's top ten, potential risks and loss management strategies with the Zurich Virtual Consultant tool. Sign up to get FREE access today!   Retail in Europe    Ahrendts says Burberry has "created a pure brand" Angela Ahrendts, the American businesswoman behind UK-based Burberry, is striving to increase the brand's presence around the world. She was recently in China for the launch of Burberry's new flagship store in Beijing. "This is the what I think we've done with Burberry," Ahrendts said. "We have stopped just 'making stuff'. We've stopped making stuff and we've created a pure brand. That is the essence." Telegraph (London) (17 Apr.) UK shopping malls filling with discounters, fast-food chains The makeup of Britain's shopping malls is shifting toward budget chains, fast-food outlets and pound shops, according to a report by Trevor Wood Associates, a retail consultancy. The report shows that Greggs, Peacocks and Poundland are among the firms exhibiting the fastest growth in the country's shopping centres. "Because of changes in the market in the last few years, opportunities presented themselves and [budget chains] grabbed them with both hands. A few years ago, it would have been more difficult to find a shop," said Trevor Wood, senior partner at the consultancy The Guardian (London) (18 Apr.) Use social media to enchant your customers Learn how to create a smart, savvy, and enchanting social media strategy from industry expert and bestselling author Guy Kawasaki. Register today for the 2011 Social Media Success Summit where industry experts reveal all the latest techniques and proven business-building tactics you need to know to immediately benefit from social media. 30% off pricing ends 4/20, register today!   Retail in Asia    India encourages more energy-efficient home appliances India's Bureau of Energy Efficiency is poised to roll out a "super efficient equipment programme" as part of an effort to encourage appliance manufacturers to produce more energy-efficient products. "There is certainly a market for super-energy efficient products in India as 90% of consumers today are opting for star-rated products. However, consumers may have to pay more," said Y V Verma, president of the Consumer Electronics and Appliance Manufacturers Association. The Economic Times (India) (18 Apr.) Are You In with the In Crowd? In each company there is a core group who seems to call the shots, or perhaps are those for whom the shots are called. For better and for worse this group, not on any org chart, reinforces whatever it pays attention to. Order this Harvard Business Review article to better recognize and lead these key influencers.   Retail in Latin America  Mexico upsets major retailers with restrictions Mexico City Mayor Marcelo Ebrard submitted a regulatory proposal that would prohibit major retail chains from establishing a new store near traditional markets. Mexico's major retailers are voicing their opposition to the new rule, known as Norma 29. The Federal District Legislative Assembly approved the rule late last week. Ebrard said that the city should protect markets because they are what gives the city its identity. The Wall Street Journal/Dow Jones Newswires (15 Apr.)   E-commerce Spotlight  Online presence becomes increasingly important, report finds A survey by PricewaterhouseCoopers found that it has become increasingly important for retailers to have an online presence as more consumers shop via the Internet. "Despite the fact there are now more opportunities for consumers ... it's now prompting them to spend more than they did before," said Puneeta Mongia of PwC. "Consumers are instead consolidating their spending with their favourite multi-channel retailers -- meaning being a 'favourite brand' will become increasingly important, and that those without multi-channel propositions may well lose out." The Independent (London) (18 Apr.) New Zealand retailer prepares to launch online sales Kirkcaldie & Stains, a major department store in Wellington, is in the midst of a $1.5 million system upgrade that will allow the retailer to start selling products online. The retailer is shifting from a paper-based inventory system to a system that integrates sales, inventory and customer relationships. Stuff (New Zealand) (18 Apr.) Other News Feelunique sees surge in 2010-11 turnover The Independent (London) (17 Apr.)   Spotlight on Mass Merchandise  Tesco CEO Clarke poised to unveil record profits Philip Clarke, chief executive officer at Tesco, will unveil results this week during a time when many in the industry have warned about the challenges of the trading environment. Clarke is expected to go against the grain by announcing record profits. However, Tesco's results are expected to show that the retailing giant has struggled at home while experiencing significant growth from international operations. Telegraph (London) (17 Apr.) Other News Walmex reports 13% rise in first-quarter profit Bloomberg Businessweek/The Associated Press (15 Apr.)   NRF News  Shipping companies offer advice, discuss challenges with retail execs At last week's Global Supply Chain Summit, executives from ocean shipping, railroad carrier and trucking companies shared advice for retailers on how to work together to move goods across the country and across the world. Panelists agreed that rising fuel costs are the most crippling factor companies are currently dealing with. Read more. Join NRF  |  NRF Events  |  FIRAE  |  STORES  |  Training and Certification   SmartQuote  The true spirit of conversation consists in building on another man's observation, not overturning it." --Edward Bulwer-Lytton, British politician and writer   This SmartBrief was created for cpgbrokers.data@blogger.com   Subscriber Tools       Update account information | Change e-mail address | Unsubscribe | Print friendly format | Web version | Search past news | Archive | Privacy policy Grab our News Widget Publish your Press Release   Advertise Associate Publisher:  Susan W. Kim (202) 407-7877 Download Media Kit       Recent NRF Global SmartBrief Issues: Friday, 15 Apr 2011 Thursday, 14 Apr 2011 Wednesday, 13 Apr 2011 Tuesday, 12 Apr 2011 Monday, 11 Apr 2011     Lead Editor:  Megan Conniff       Mailing Address: SmartBrief, Inc.®, 1100 H ST NW, Suite 1000, Washington, DC 20005 USA     © 1999-2011 SmartBrief, Inc.® Legal Information

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Top 10 stories for GMA SmartBrief

As promised, here are the 10 most-clicked GMA SmartBrief stories from the past 30 days. Feel free to share these greatest hits with your colleagues and tell them about SmartBrief. Also, if you enjoy GMA SmartBrief, we'd appreciate you recommending it to others who might find it useful. It's FREE and open to everyone. Thanks for subscribing!
1) Kraft is trying to spark old brands to new life
Stove Top stuffing and a few other mostly forgotten Kraft food brands may be due for a comeback. Kraft is launching Operation Spark, a project to inject life back into brands that have faded from view due to a lack of promotion. Budget-conscious consumers are increasingly staying home for meals and looking for convenience -- a trend Kraft hopes to tap into. New York Times (tiered subscription model), The (04/12)
2) Coca-Cola Freestyle delivers 106 flavors in test markets
Coca-Cola is testing its Freestyle beverage fountain in Salt Lake City, Atlanta and Orange County, Calif. The machines, which have touch screens and track customer choices, offer 106 beverage options and are available in two versions, a self-service one for customers and a smaller one for restaurant employees. Salt Lake Tribune (Utah), The (04/13)
3) ConAgra responds to increased frozen-food demand
Supermarkets have expanded their frozen offerings, with the average length of the frozen-food aisle double today what it was in 1990, according to grocery consulting firm Willard Bishop. "As more innovation comes to the freezer, it's going to bring more news and draw more people to the category," said Corey Berends, ConAgra's vice president of research and development. Omaha World-Herald (Neb.) (04/10)
4) Tasty Baking will become part of Flowers Foods
Flowers Foods, maker of baked goods under the Nature's Own, Whitewheat and Blue Bird brands, agreed to acquire Tasty Baking for $34.4 million. Tasty Baking, which makes Tastykake desserts, delayed some debt payments because of liquidity problems. Wall Street Journal, The (04/11)
5) No more double or triple coupons at Kroger
Kroger changed a policy in place since 1983 and is no longer allowing doubling or tripling of coupons. At least one shopper vowed to go elsewhere. "We have to change our whole plan, our whole strategy for grocery shopping," said Tiffany Ivanovsky, who appeared on the TLC show "Extreme Couponing." KTRK-TV (Houston) (04/12)
6) Kraft brews retail strategy for Gevalia coffee
Kraft Foods plans to sell its Gevalia coffee at groceries, starting with 10 products and adding discs for its Tassimo single-cup brewing system. "By tapping into our global coffee pipeline, we'll have more products and innovations to come," said a Kraft official of the premium brand, which is sold online and through mail order. Wall Street Journal, The (04/14) Seattle Times, The (04/14)
7) Frito-Lay brings kitchen and chefs to Times Square
Frito-Lay is establishing a version of its Flavor Kitchen in New York's Times Square this week, giving consumers a glimpse of how it creates flavors for its snack brands. Culinary demonstrations will be performed by Frito-Lay executive chef Stephen Khalil, who will be joined by celebrity chefs and Frito-Lay employees. New York Times (tiered subscription model), The (04/10)
8) Wal-Mart campaign touts more items and low prices
Wal-Mart Stores, reversing a strategy of reducing the number of items in stores, is heralding the return of those items in a campaign called "It's Back." Store signs starting in May will highlight the return of items such as fabric and fishing gear, and store managers are being encouraged to highlight low prices compared with other retailers. Wall Street Journal, The (04/11)
9) Consumers find ways to save as food prices increase
A survey for Coupons.com shows that 99% of adults are aware that food prices are rising, and 95% plan to use savings strategies when they shop for groceries. Coupon use is the most popular strategy, at 72%, followed by price comparison, shopping at discount stores and stocking up when prices are low. Progressive Grocer (04/11)
10) P&G uses stick-and-carrot approach to green its supply chain
Procter & Gamble has unveiled its second-generation sustainability scorecard -- last year's version focused primarily on collecting data, but the new edition aims to reward suppliers according to their environmental credibility. Results from the scorecard will feed into P&G's supplier-rating system and have a direct effect on the company's willingness to enter into new contracts. Environmental Leader (04/07)

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