| Global retail industry news |  | | |  | - CEO aims to transform Carrefour into consumer label
Carrefour, under the leadership of CEO Lars Olofsson, is undergoing a fundamental transformation in its strategy. As the second-largest retailer in the world, Carrefour has been a big-box store selling a variety of brands. Now, the company plans to become a consumer label and the least expensive one at that. "What's very important is price image," Olofsson said. "If I'm the No. 1 preferred retailer ... I'm the most likely to be the most profitable." The Wall Street Journal (16 Sep.)       | When the dotcom bubble burst in 2000, it took the Network Equipment Providers (NEPs) industry with it. Ten years later NEPs are experiencing resurgent growth and are finding themselves challenged by a new set of market conditions. This complimentary whitepaper explores how to survive these challenges and the next wave of consolidation among NEPs. |
 - Germany's Praktiker shifts strategy
Praktiker, the second-largest home-improvement retailer in Germany, has replaced its chief financial officer with a fashion-industry veteran as it aims to put a greater emphasis on its own-brand products. Praktiker is striving to make its own brands account for 40% of revenue, up from 27% now. Bloomberg (15 Sep.) - Russia's X5 looks into ramping up investment plans
Russian retailer X5, the country's largest food retailer by sales, is looking to increase its investment in new stores as it expects a recovery in consumer spending. "We will recommend our supervisory board approve a considerably more aggressive investment number for next year, allowing us to achieve a significantly higher rate of organic growth than we currently have," said CEO Lev Khasis. Reuters (15 Sep.)   | Retail in Asia |  | | | - Indian retail majors aim to boost private labels
Shoppers Stop, Future Group, Reliance Trends and other multibrand retailers in India are planning to ramp up sales growth from their in-house brands over the holiday season. Future Brands, which is part of Future Group, intends to take the trend a step further by promoting its in-house brands as national brands and licensing them to other companies. "We will launch private labels in apparel and home-care segment by November. We are also taking up in-house promotional activities to promote our labels during the festive season," said Future Brands CEO Santosh Desai. The Economic Times (India) (16 Sep.) - Metro Cash & Carry to open Indian distribution centres
Metro Cash & Carry plans to launch six distribution centres, developed as one-stop shops catering to business customers, in Punjab, India. "It is good for Punjab that such a big retail chain, known for its quality products, has proposed to enter. Under the proposal, the company will procure produce directly from farmers, agricultural co-operatives and other manufacturers to provide direct supply to customers eliminating the role of [middlemen]," said principal secretary Gaggandip Singh Brar. The Financial Express (India) (16 Sep.)  | "Stress Management: Approaches for preventing and reducing stress" — Learn techniques to reduce the stress in your life with this special report from the experts at Harvard Medical School. 30% off the cover price and free shipping for SmartBrief readers. Click here to order in hard copy or electronic download. |
 - Walmex plans to boost investment in Central America
Wal-Mart de Mexico CEO Scot Rank said the company plans to beef up investment in its operations in Central America to accelerate growth in its number of locations. "In Central America, we inherited a growth plan of 3.5%," Rank said. "Next year we'll be taking Central America to double-digit growth rates." Earlier this year, Walmex acquired Wal-Mart Central America's operations, which included hundreds of stores in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. The Wall Street Journal/Dow Jones Newswires (15 Sep.)  | Blue-Collar millionaire on Facebook marketing
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 | E-commerce Spotlight | | | | - Next focuses on online ambitions around the world
Next has steadily moved the cutoff deadline for delivery the following day from 5 p.m. two years ago to 7 p.m. today and 9 p.m. starting in October. The move is part of the retailer's focus on its online sales. "We continue to move the focus of our international ambitions [toward] the [I]nternet and are now trading successfully online in 37 countries," said CEO Simon Wolfson. "Overseas sales on the [I]nternet (excluding Eire) have grown 250% but were still small at just £2.3m. Operating margins are healthy and are currently in the region of 20%." InternetRetailing.net (15 Sep.) | Spotlight on Consumer Electronics | | | | - Bain increases stake in GOME as founder vies for control
Bain Capital, a private-equity firm based in the US, has bolstered its stake in China's GOME Electrical Appliances Holdings in a move that dilutes the holdings of the company's founder. Huang Guangyu, the founder and largest shareholder of GOME who is serving a 14-year term in prison, continues to strive for control of GOME. Guangyu is trying to oust the retailer's chairman, Chen Xiao, and prevent any further dilution of his stake. People's Daily (China) (16 Sep.) , The Wall Street Journal (15 Sep.) , Bloomberg (15 Sep.) | NRF News | | | | - Get a look inside the "most fun retailer in the world"
Outdoor specialty retailer Moosejaw's goal? Sell the best gear and apparel in the world and have the most fun while they do it. At RAMA's Creative Summit, 11 Nov. in Dallas, Texas, USA, hear Moosejaw creative director Gary Wohlfeill outline how the company fosters meaningful connections with their customers through social media and mobile retailing. Read more.
| SmartQuote | | | |  | True love doesn't happen right away; it's an ever-growing process. It develops after you've gone through many ups and downs, when you've suffered together, cried together, laughed together."
--Ricardo Montalban,
Mexican-born actor  |
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