Blog: Europe is not the world

Petah Marian | 19 September 2012

The global retail industry is looking to London over the next three days as senior executives converge on the city to discuss the issues facing the sector at the World Retail Congress.

Of late, many of the stories about UK retail in particular have focused on doom and gloom, after the Olympics failed to provide retailers with a much anticipated sales boost.

However, in his keynote speech this morning, Sir Roger Carr, president of the Confederation of British Industry (CBI), emphasised "the condition of Europe is not the condition of the world".

Countries like China, India and Africa are enjoying the kind of growth that the West can only dream about, he explained.

However, the astronomical growth seen in these countries is now moderating, with Carr describing a "reduced appetite for luxury" in many of these emerging markets.

And with growth in these markets slowing, a presence here is no definite recipe for success. Regardless of which markets retailers are operating in, or looking to operate in, it is clear that they have a "fight on their hands" for consumers' hearts and minds, argued Carr.

Slowing growth is not the only challenge retailers have to contend with. As Tesco CEO Philip Clarke said in his speech this morning: "Change is increasingly complex", and includes the shift online and the pursuit of a true omnichannel offer.

These and many more issues will be discussed by some of the brightest minds in the business over the next three days - with just-style here to bring you the latest insight as it emerges.

 


BLOG

Goodbye from your news editor

Having contributed to just-style for five years, serving as news editor for the last two, it has been a pleasure to observe and report on the global textile and apparel industry....

BLOG

TPP continues to garner industry attention

The US footwear industry has voiced its disappointment that athletic brand New Balance has come out in opposition of the Trans-Pacific Partnership (TPP) trade deal. ...

BLOG

Is British garment making showing signs of revival?

Despite years of denial, British garment making showed signs of a revival in the second half of 2015. Is the long-anticipated UK onshoring boom finally coming into view?...

just-style homepage



Forgot your password?