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Expert View
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Although many global retailers are suffering from deteriorating consumer confidence, a new report from Verdict Research predicts that retail sales at airports will grow by 11% in 2008 to $30 billion, making it the fastest growing channel of retail after the internet. Furthermore, airport retail sales are set to continue to grow strongly over the next five years, particularly in emerging markets.
Published By Datamonitor
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18 Aug 2008 |
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Expert View
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Amazon and eBay have reported contrasting sets of results, with Amazon enjoying a 14.5% sales uplift in the three months to June 30, 2009 while eBay's marketplace sector reported a 14.0% decline for the same period. With eBay set to continue shifting its offer away from auctions towards fixed price items, it has to strike a balance between its new strategy and keeping its core smaller businesses.
Published By Datamonitor
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28 Jul 2009 |
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Expert View
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Online retailer Amazon has reported that group sales rose 35% to $2.89 billion in the three months to 30 June 2007. This was accompanied by its operating margin more than doubling to 4.1%. With the slew of heavy investment now firmly behind it and a range of initiatives coming into place - including a digital music download platform - the future looks bright for Amazon.
Published By Datamonitor
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26 Jul 2007 |
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Expert View
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Giorgio Armani denies he is considering selling his eponymous business. The question of succession comes to any fashion company closely associated with its designer, however at Armani, the creative force, Mr Armani himself, is also the business force. Having built up a global operation worth over E4.0 billion in worldwide retail sales, the question of who will succeed him becomes pressing.
Published By Datamonitor
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22 Feb 2007 |
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Woolworths and Coles, the "big two" in Australian grocery retailing, have been named, shamed, and fined for incorrectly labeling imported produce as "local." While Australians are generally keen to support their local community, violations such as these threaten to weaken the local movement. At a time when rising food prices are already putting pressure on local offerings, authenticity is key.
Published By Datamonitor
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18 May 2011 |
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CommentWire
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Following a weak end to 2008, when turnover fell by 9.7%, Bulgari is likely to reveal a net loss for Q1 2009, as the global luxury jewelry market contracts in the wake of current economic turbulence. Moreover, as a general economic recovery seems unlikely, the outlook for 2009 remains bleak.
Published By Datamonitor
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20 Apr 2009 |
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CommentWire
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Burberry revealed a 13% increase in its H1 sales, a credible performance in the current economic environment. Its luxury positioning and international expansion strategy are helping to boost performance, but the brand is not immune from the downturn in consumer confidence.
Published By Datamonitor
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16 Oct 2008 |
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CommentWire
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With a turnover in 2006 of over E87 billion, French supermarket giant Carrefour is currently the second largest retailer in the world in terms of sales, behind Wal-Mart. While only a rumor, there remain a number of reasons why a leading global grocery retailer might be interested in taking it over.
Published By Datamonitor
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14 Feb 2007 |
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Expert View
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While the 2008 holiday season was marked by the global economic slowdown, declining real estate valuations, inflation and weak employment levels, the retail sector is more positive about this holiday season due to signs of global economic recovery. Despite increased confidence, however, it remains unlikely that consumers will increase their spending levels drastically this winter.
Published By Datamonitor
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05 Nov 2009 |
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Expert View
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Department store retailing, a concept that seemed to be heading for terminal decline globally only a few years ago, now has a brighter future. Following a period of consolidation, investment and expansion in both mature markets and fast developing economies have given a new lease of life to the sector. Verdict Research forecasts that this sector's growth rate will double over the next five years.
Published By Datamonitor
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09 Nov 2007 |
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