| Global retail industry news |  |
| Global Industry Watch |  |  | |  | Neck & Shoulder Pain — This special report from Harvard Medical School covers the most common causes of neck and shoulder pain, outlines today's treatment options, and provides many simple steps you can take to ease and manage your aches and pains. 30% off the cover price and free shipping for SmartBrief readers. Click here to order. |
 - Bloggers' complaints prompt Inditex to withdraw T-shirts
Spain's Inditex, which owns Zara and other global brands, has removed T-shirts from its Stradivarius outlets after fashion bloggers complained. The retail chain's T-shirts featured illustrations similar to photographs the bloggers had posted of themselves to their websites, according to the complaints. The Guardian (London) (15 Feb.)       | Effective innovation is illusive, but is the key to sustained competitive advantage in the CPG industry. This report slide package examines best-in-class examples of innovation and marketing to drive success in this increasingly challenging environment. Learn more here. |
 | Retail in Asia | | | | - South Korea's Shinsegae to separate businesses
South Korea's Shinsegae plans to separate its department store business from its discount chain operations. The department store will keep the Shinsegae name, while the discount chain will use the E-Mart name. "Previously, they were more or less co-dependent on each other. But Shinsegae and E-Mart have grown both in terms of scale and competitiveness. They are strong on their own," according to a Shinsegae spokesman. Reuters (15 Feb.) - Chain retailers expected to invest $960 million in Taiwan
Taiwan's Ministry of Economic Affairs estimate that chain retailers will invest $960 million in the country this year as domestic consumer spending rebounds. The Far Eastern Group is planning to launch department stores, and RT-Mart is developing a couple of new stores, according to the ministry. Focus Taiwan (15 Feb.) | Retail in Latin America | | | | - Analysts expect Walmex to report 16% quarterly profit surge
Wal-Mart de Mexico is poised to report results Monday, and analysts surveyed by Reuters expect that the retailer will post a 16% increase in fourth-quarter profit. The acquisition of stores in Central America is expected to drive the profit jump. In March, Walmex, as the retailer is known, completed its purchase of hundreds of stores from Walmart Centroamerica. Reuters (15 Feb.) | E-commerce Spotlight | | | | - Australia looks into e-commerce's effect on retail sector
Australia's Productivity Commission is looking into how online sales are affecting the country's retail sector. One of the biggest issues is that Internet sales of items less than AU$1,000 are not subject to sales tax, putting traditional Australian retailers at a competitive disadvantage. The Australian National Retailers Association welcomed the move. "Australian shoppers remain cautious post-[global financial crisis], and with such a challenging retail environment, a wide-ranging review of opportunities for growth and the barriers to prosperity is overdue," the group said. The Sydney Morning Herald (Australia) (16 Feb.) | Spotlight on Luxury Goods | | | | - Louis Vuitton uses its experience to survive downturn
Louis Vuitton has learned a few lessons about withstanding an economic downturn over its 150-year history. "The recession has been really tough on some brands, but Louis Vuitton has been around for a long, long time," said Damien Vernet, general manager for the Middle East and India at Louis Vuitton. "While people become more conscious about what they buy, especially in luxury, they go back to the values that have been around for a long time. That's when they see the real value of a brand." Gulf News (United Arab Emirates) (08 Feb.) | NRF News | | | | - U.S. retail container traffic to be up 6% in first half of 2011
Import cargo volume at major U.S. retail container ports is expected to be up 11% in February and 6% for the first half of 2011. "Strong growth in 2010 has retailers cautiously optimistic that the economic recovery is finally taking hold," NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. Read more.
| SmartQuote | | | |  | Profit is the result of risks wisely selected."
--Frederick Barnard Hawley,
American economist  |
| | This SmartBrief was created for cpgbrokers.data@blogger.com
|
No comments:
Post a Comment
Please comment thoughtfully CPG Brokers, your best resource to optimize your in store self exposure and maximize sku distribution.