  | Global retail industry news |  |
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 - UK retail execs urge Treasury to ease up
J Sainsbury CEO Justin King, John Lewis Partnership Chairman Charlie Mayfield and other retail executives met Tuesday evening with Danny Alexander, chief secretary to the UK Treasury, to discuss concerns within the industry. The retailers warned that something needs to be done to prevent the economy from a double-dip recession. "We're not asking for handouts but we are saying it's more important than ever that the Government understands the finely balanced position many retailers are in," said Stephen Robertson, director-general of the British Retail Consortium. Telegraph (London) (03 Mar.)       - Analysts question Carrefour's move to spin off divisions
Some analysts are raising concerns about Carrefour's effort to spin off its Dia discount chain and part of its real-estate division. Insiders say the French retailing giant's efforts might not bolster value for investors. "Management argues that this will improve operational focus and unlock value for shareholders but we are not yet convinced," according to Caroline Gulliver, an analyst at Execution Noble. Gulliver described the effort as "cosmetic spin." Bloomberg (02 Mar.), The Wall Street Journal (03 Mar.)  | Create a winning social-media strategy
Relying on luck and good intentions when developing your social-media approach can leave you with ineffective initiatives. Get the data you need to formulate a savvy social-media strategy that produces measurable results. Check out the key takeaways from SmartBrief's State of Social Media for Business. |
 - India's Gitanjali Gems to expand into textile brands
Gitanjali Gems is a diversified company known primarily as a jewelery manufacturer and retailer, but it also offers luxury lifestyle products. Now, the Indian company is planning to enter the branded apparel market. "To support our massive retail activities, we plan to have our own textile brands -- three women's wear brands, one men's wear and one kid's wear -- in the next six months," said Deepak Tulsian, vice president of retail at Gitanjali Gems. Business Standard (India) (03 Mar.)  | Retail in Latin America |  | | | - Consolidation needed in Bahamian food retail, insiders say
Sandy Schaefer, president at the Bahamian food retailer Robin Hood, said he is interested in hearing consolidation proposals from Mark Finlayson of rival retailer City Markets. Schaefer said that proposals would be considered "if it makes financial sense for us." Schaefer and Finlayson agree that consolidation is needed in the industry. "There are too many players in the field and you need to find economies of scale to survive," Schaefer said. The Tribune (The Bahamas) (02 Mar.) | E-commerce Spotlight | | | | - Wal-Mart considers entering China's e-commerce market
Liao Honghui, senior business director for China at Wal-Mart, said the company is considering joining the country's booming online marketplace. "China has a large online population, which is still increasing by a fairly big margin each year. Therefore China's e-commerce market has a bright future ahead," Liao said. China.org (03 Mar.) | Spotlight on Consumer Electronics | | | | | NRF News | | | | - The data you need to expand internationally
Retailers considering international expansion have a wealth of statistical information right at their fingertips with FIRAE's industry data page. The industry data, sorted by country, provides economic statistics from retail environments worldwide. Researching new economic frontiers is only a click away! Learn more.
| SmartQuote | | | |  | Oratory is the power of beating down your adversary's arguments, and putting better in their place."
--Samuel Johnson,
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