PARIS, Oct 15 (Reuters) – Department stores are starting to
enjoy a renaissance after finding ways to attract a new
generation of consumers in an age of global fashion chains and
Retail consultancy Verdict predicts the global sector should
return to growth in 2014 and expand by 22 percent to about $450
billion by 2019. The recovery will be driven by expansion in
emerging markets, with China set to account for 30 percent of
total spend five years from now.
BERLIN, Oct 14 (Reuters) – Inspectors hired by a group of
Western clothing brands have found safety problems at all the
Bangladesh factories they visited as part of an initiative
launched after a building collapse last year killed more than
The Accord for Fire and Building Safety in Bangladesh is
seeking remedial action after identifying more than 80,000
safety issues, while the country’s $22 billion garment industry
grapples with slowing export growth as buyers turn to India,
Myanmar, Vietnam and Cambodia because of concerns over workshop
safety, higher wages and political instability.
PARIS (Reuters) – British online grocer Ocado does not see much room for major food retailers to cut their prices further even as they battle to stop discounters stealing market share, its chief executive said on Wednesday.
Britain’s traditional “big four” grocers have been losing shoppers to German discounters Aldi [ALDIEI.UL] and Lidl [LIDUK.UL] in recent years and are also suffering from a shift from out-of-town boxes to local convenience stores and online.