×
350
Fashion Jobs
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Executive - Warehouse (Apparel / Garments Background)
Permanent · Bhopal
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Cosmetics & Personal Care - Fmcg Industry
Permanent · Bhopal
DESAI ELECTRONICS
Manager Production
Permanent · Pune
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Ophthalmic Segment/Ent- Pharma Industry
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Sales And Marketing Executive/Asst. Manager -Rigid/Plastics Packaging
Permanent · National Capital Region
BT PRINT PACKAGING SOLUTIONS LLP
Sales Engineer / Businesss Development Manager / Area Sales Manager
Permanent · Faridabad
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager/Asm/Sales Manager- Pharma Industry
Permanent · Chennai
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Surat
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Mangaluru
NIKE
Partner Management Office (Pmo) General Manager (India)
Permanent · Bengaluru
CARS24
Sales Manager - Kochi,Coimbatore
Permanent · Kochi
SAHAJANAND MEDICAL TECHNOLOGIES
Area Sales Manager
Permanent · Chandigarh
ON TIME SOLUTIONS
Mnc Plastic Industry is Hiring Production Manager (Plastic)
Permanent · Bengaluru
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
ADIDAS
Director - Finance fp&a Fsf
Permanent · CHENNAI
By
Reuters
Published
Oct 28, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Retailers look beyond BRICs for emerging mkt growth

By
Reuters
Published
Oct 28, 2010


Angela Ahrendts, Burberry CEO. Key Speaker at the World Retail Congress 2010
BERLIN, Oct 27 (Reuters) - Retailers are looking beyond the big emerging markets of Brazil, Russia, India and China (BRICs) as they hunt for growth amid signs that spending in U.S. and western European markets will remain subdued for some time.

Executives and economists at the World Retail Congress said strong economic growth and rising middle classes were drawing their attention to countries such as Colombia, Egypt, Indonesia, Mexico, South Africa, Turkey and Vietnam.

"These otherwise disparate countries have one thing in common: They are all on the radar screen of some of the world's leading retailers," consultants Deloitte and Planet Retail said in a report presented at the conference.

Some store groups have already identified their targets.

U.S. group Wal-Mart (WMT.N), the world's biggest retailer, said last month it was in talks to buy South Africa's Massmart (MSMJ.J) in a potential $4 billion that would give it a launchpad to expand through sub-Saharan Africa. [ID:nLDE68Q05T]

Ira Kalish, director of global research at Deloitte, said that with many U.S. and European retailers sitting on big cash piles and facing sluggish growth at home, the industry was primed for a pick up in dealmaking.

"I think within retail we are going to see a lot of transaction activity, a lot of cross-border transaction activity," he told delegates.

Wary of the retail industry's chequered history of mergers and acquisitions, some groups will prefer to open their own stores or work with local partners.

Kingfisher (KGF.L), Europe's biggest home improvements retailer, told Reuters it was interested in buying parcels of stores in existing markets, which include Poland and Turkey, and would also look at franchise deals in eastern Europe and the Middle East, though not for two or three years. [ID:nLDE69Q0MC]

REDUCING THE RISKS

Mark Olbrich, an industry veteran who has helped retailers expand in central and eastern Europe, said expanding alone or with local partners both ran dangers.

By Mark Potter and Victoria Bryan

© Thomson Reuters 2023 All rights reserved.