Monday, February 6, 2012

Pakistani billionaire to bid for Peacocks

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06 February 2012
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Global retail industry news

  Global Industry Watch 
 
  • Australia's retail sales fell in December
    Retail sales in Australia fell 0.1% in December, led by less spending on groceries and dining out as consumers coped with a weaker job market, according to the Bureau of Statistics. Consumers spent 3.5% more at clothing and shoe stores and 1.1% more at department stores, but restaurant and food store spending fell 1.8% and 0.7% respectively. Bloomberg (05 Feb.) LinkedInFacebookTwitterEmail this Story
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  Retail in Europe 
 
  • Pakistani billionaire to bid for Peacocks
    Pakistani textile tycoon Alshair Fiyaz has reportedly teamed with a Danish investment firm to make a bid to acquire the struggling 600-store UK retail chain Peacocks, which entered administration last month. Three years ago, Fiyaz acquired Denmark's Magasin Du Nord department store chain and later leased it to Debenhams. The Telegraph (London) (05 Feb.) LinkedInFacebookTwitterEmail this Story
  • Value Retail outlets keep growing
    Sales at Value Retail's nine luxury goods outlet villages in Europe rose 20% in 2011, driven largely by a rise in sales to Chinese tourists eager to snap up designer goods at bargain prices. The company will break ground this spring on in Suzhou, China, its first center outside of Europe. Women's Wear Daily (subscription required) (03 Feb.) LinkedInFacebookTwitterEmail this Story
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  Retail in Asia 
 
  • India's merchants move back to standalone stores
    Many of India's new and under-construction malls have been plagued with construction delays and are located in less-desirable areas, spurring more retailers to find standalone store space, commercial real estate experts say. Many are turning to non-traditional space such as mid-sized offices, old mansions and mixed-use buildings to find the store space they need. The Economic Times (India) (06 Feb.) LinkedInFacebookTwitterEmail this Story
  • Payless seals franchise deals in Asia
    Payless ShoeSource has signed franchise deals to open stores in South Korea, Thailand and Vietnam, giving the discount footwear retailer access to about 200 million new consumers. The US retailer opened its first franchise store in Kuwait in 2009, and franchisees now operate stores in several countries including Russia, Peru and Israel. Women's Wear Daily (subscription required) (06 Feb.) LinkedInFacebookTwitterEmail this Story
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  E-commerce Spotlight 
 
  • Online orders in China soar after Spring Festival
    Online retailers and shipping companies are dealing with record numbers of orders from customers who weren't able to make purchases from companies that closed for the 10-day Spring Festival celebration. "We have had about 100 orders every day after the holiday, which is almost double our normal amount," said Shang Feike, whose Taobao store sells cosmetics and skin-care products. China Daily (Beijing) (04 Feb.) LinkedInFacebookTwitterEmail this Story
  • Visitors flock to Amazon's Indian marketplace
    In its first four days of operation, Amazon's Junglee.com attracted substantial traffic. Visitors spent an average of seven minutes per visit on the Indian website, compared with about 10 on eBay.in and eight on Flipkart, according to Web analytics site Alexa. Business Standard (India) (06 Feb.) LinkedInFacebookTwitterEmail this Story
  • Discount Drug Stores to launch e-commerce sites
    Australian chain Discount Drug Stores has been testing online retail with separate websites for each store in the chain, a system it says will allow the company to jump into e-commerce without taking sales from individual stores. The company expects to officially launch the service in the coming weeks. Inside Retailing Online (06 Feb.) LinkedInFacebookTwitterEmail this Story
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  Spotlight on Mass Merchandise 
 
  • US startup takes on Alibaba's AliExpress
    Texas-based OrderWithMe launched last summer with a website that gives small and midsize merchants a way to order goods manufactured in China. The startup, which competes with Alibaba's AliExpress, says its model gives customers access to the volume pricing bigger retailers enjoy. China Daily (Beijing) (04 Feb.) LinkedInFacebookTwitterEmail this Story
Costs are rising in China and Japan, prompting high-tech firms across Asia to consider new sourcing locations so they can remain efficient, while focusing more on service. What will be the impact of this behavioral shift? Learn about the findings in this free white paper.
  NRF News 
  • How digital will impact the next generation of in-store shopping
    There's no doubt retail marketing has been redefined over the past decade as consumers have set forth increasingly higher expectations in the age of cross-channel. In a recent Shop.org First Look Track session, Bryan Eisenberg shared his thoughts on what the future shopping experience will look like -- as well as how digital retailers can be preparing for the future now. Read more. Shop.org Blog (01 Feb.) LinkedInFacebookTwitterEmail this Story
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