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

Bangladesh Supreme Court delays Accord decision, again

For the seventh time the Supreme Court of Bangladesh has delayed its decision on the future operation of the Accord on Fire and Building Safety in the country – with the court hearing now set to take ...

BLOG

New just-style magazine launches

We stepped into an exciting new chapter at just-style last week, with the launch of the first issue of just-style magazine. Each quarter this new, free digital publication will explore major topics th...

BLOG

Indonesia pushes Industry 4.0 onto clothing sector

Industry 4.0 technologies have been hailed as the key to creating truly smart factories in Indonesia's apparel sector, with the country rolling out an ambitious plan to digitalise the industry as part...

just-style homepage



Forgot your password?