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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Carrefour reports 56% surge in annual profit
Carrefour, the second largest retailer in the world, said annual profit increased 56% to €433 million. The global retail giant faced one-off charges related to a subsidiary in Brazil of €550 million, but was able to offset the charges through cost-cutting measures. Carrefour has made a number of changes recently, but its most pressing issue remains how it will revive in European hypermarkets. The Wall Street Journal (03 Mar.)      | Retail in Europe | | | | - UK retailers plan to battle tax change
The UK offers tax relief for retailers who sell products of low value as a way to reduce red tape for the businesses as well as the Treasury. The government's plan to eliminate the tax relief is facing opposition from some of the country's largest retailers. Telegraph (London) (03 Mar.) - Retail sales in Germany rise for second straight month
German retail sales increased 1.4% in January compared with December, and were up 2.6% compared with the same month the previous year, according to the Federal Statistics Office. The figures beat economists' expectations. "This year should mark the comeback of consumption," said Andreas Scheuerle, an economist at Dekabank. "The labor market is doing excellently and wages are rising faster than in previous years. But there are a few clouds on the horizon and the biggest one of them is called inflation. It's not yet critical, but could gain in significance." Bloomberg (03 Mar.) - Delhaize to acquire Serbia's biggest food retailer
Belgium's Delhaize Group plans to pay about €932.5 million to acquire Serbia's Delta Maxi Group from Delta Holding. Delta Maxi Group operates 450 stores in Serbia, Bosnia, Bulgaria, Albania and Montenegro. "Delta Maxi is a perfect fit geographically between Greece and Romania and in terms of strategy, with its multi-store format," said Pascale Weber, an analyst at KBC Securities. Bloomberg (03 Mar.) | Retail in Asia | | | | - Suguo Supermarket to open 200 new outlets across China
Suguo Supermarket Chairman Ma Jialiang said the Jiangsu-based company plans to add about 200 new stores over the next year. More than a quarter of the new supermarkets will be in Nanjing, while others will be developed in Dachang, Qixia, Jiangning and Jiangbei, new markets for the company. ChinaRetailNews.com (02 Mar.) - Clout of existing retailers keeps India from allowing FDI
Wal-Mart, Tesco and other global retailers had high hopes in the weeks running up to India's annual budget that the country would open up its market to foreign direct investment in the multibrand retail sector. Although the idea is popular in many circles, the political power of current retail companies prevents the government from making the change. The Economist (03 Mar.) | E-commerce Spotlight | | | | - Retailers pay more for clicks, search marketing firm says
NetElixir, a search marketing firm, said that online retailers are spending more on clicks, so search marketing needs to be increasingly precise. The higher costs are driven by consumer behavior and an increase in the average cost per click, according to Udayan Bose, founder and CEO at NetElixir. InternetRetailer.com (03 Mar.) | Spotlight on Fashion | | | | - India's Reliance Brands to concentrate on fashion
Reliance Brands, a subsidiary of Reliance Retail, is planning to invest in fashion brands in India and launch an in-house fashion label. So far, Reliance has focused on tie-ups with international brands, such as Timberland, Steve Madden and Paul & Shark. "We are in talks with players to take up non-majority stakes in their brands. This will be in the nature of a strategic investment," said Darshan Mehta, president and CEO of Reliance Brands. "We have also set up a team that will work on launching an in-house label by the fourth quarter of the current calendar year or latest by the first quarter of the next calendar year." Business Standard (India) (04 Mar.) | NRF News | | | | - Are U.S. ports prepared for the future?
Competition from foreign ports, new environmental requirements and infrastructural issues are leading many retail supply chain executives to wonder: Are U.S. ports prepared for increased retail container volume in the future? In an upcoming session at NRF's Global Supply Chain Summit, Dennis Cohen of Office Depot will discuss long-term viability and competitiveness of U.S. ports with the executive directors for the Port of Long Beach and the Virginia Port Authority. The inaugural Summit will be held April 10-12 in Columbus, Ohio. Learn more.
| SmartQuote | | | |  | Exceptions are not always the proof of the old rule; they can also be the harbinger of a new one."
--Marie von Ebner-Eschenbach,
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Wendy's is forming a joint venture with Higa Industries to bring the brand back to Japan, with plans for the first restaurant to open in Tokyo later this year. Wendy's closed 71 eateries in the country in 2009, when it ended a partnership with operator Zensho Co. 
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