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.
The explosive growth of the Bangladeshi ready-made garment industry is more likely to be accompanied by accusations of sweatshop exploitation from labour rights activists than praise for the positive ...
US retailers ramped up stocks for the start of the back-to-school season in July, pushing apparel imports for the month up by 13.4%, according to the latest data. But while China and Vietnam were the ...
US retail giant Gap Inc has made no secret of the fact that it faced - and continues to face - a number of compliance issues linked to its decision to start sourcing garments from Myanmar/Burma....
- Improved supplier capabilities benefit Next
- THE FLANARANT: Understand win-win or lose out
- China and Vietnam lead US apparel imports in July
- Next H1: What the analysts say
- Abercrombie & Fitch to lose logos in fashion focus
- Brandix selects first "game-changing" innovations
- H&M goes green with Conscious Denim
- TPP talks "make progress" but issues remain
- US cotton production set to decline
- Adidas defends position despite investor unrest
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global Database of the Top 1000 Cut and Sew Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details