THE FLANARANT: Local knowledge is key to retail success
By Mike Flanagan | 25 October 2011
With western retailers increasingly optimistic about business in emerging markets, does it also hold true that the industry will soon "be sourcing everywhere and selling everywhere"? Not according to Mike Flanagan, who believes most developing markets will stay small for a long time, and that locally-owned retailers will be the long-term beneficiaries.
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