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  | Global retail industry news |  |
| Global Industry Watch |  |  | | - Tesco plans to test smaller Fresh & Easy stores in US
Tesco is striving to revive results at its Fresh & Easy chain in the US by trialing a few smaller convenience stores. The new Fresh & Easy Express stores will be about a third the size of typical US outlets. The smaller format will allow the UK-based chain to enter urban areas. Reuters (03 Aug.)      - Commentary: Traditional shops need to adapt
Peter Ryan, chief executive navigator of Red Communication Australia, argues that bricks-and-mortar retail stores are a long way from being dead, but that they need to make some changes. "For more than 3,000 years the store has been the hub of the grass-roots economy of developed nations all over the world, and that is not going to change," Ryan writes. "What will change is the nature of the business model for stores and the adaptation of the product range sold there." The Sydney Morning Herald (Australia) (04 Aug.)  | The Plum Card®
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  - Private-equity funds are expected to bid for Turkey's A101
TPG, Permira, Mid Europa Partners and other private-equity funds are expected to make offers next week for A101, a discount retail chain in Turkey, sources said. "We can talk about a sale price definitely higher than [discount retailer] Sok, which was sold for 600 million lira [$350 million]. For A101 I expect the sale price to be from 800 million lira up to 1 billion lira," according to one source. Reuters (03 Aug.)  | The business phone system market is constantly changing. Vendors are battling for your business with expanded feature sets and competitive pricing. How do you know which system is right for your enterprise-class business? Focus Experts have just completed a comprehensive guide for 2011 to help you assess your needs and choose a phone system that fits. |
 - India might set $100 million minimum for FDI in retail
Retailers interested in entering India might need to invest $100 million or more after a government committee makes its recommendations for opening the market. "The government will consider and take an early policy decision," said Anand Sharma, minister for commerce and industry. Bloomberg (04 Aug.)   | E-commerce Spotlight | | | | - Australian retailer finds balance between online and offline
Simon Sokoloski founded Sokol, a designer furniture store, on the premise that consumers should have the option to make purchases in-store or online. Sokoloski said the strategy requires a balance, but that it also allows Sokol to sell to a wider audience without the added expense of more showrooms. The Australian (04 Aug.) | Spotlight on Consumer Electronics | | | | | NRF News | | | | - The fastest-growing retail companies have one thing in common, editor says
What do the hottest retailers in the country have in common? In a recent blog post, STORES Editor Susan Reda takes a deeper dive into the commonalities of retail companies on STORES Magazine's recently released Hot 100 listing. "Call me old-fashioned but I believe that retail success begins with understanding customers and catering to them," she writes. "The hallmark of a fast-growing retailer is always going to be rooted in a keen awareness of the customer and a willingness to do whatever it takes to make her happy." Read more.
| SmartQuote | | | |  | Growth itself contains the germ of happiness."
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