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GLG News by Retail Consultants (UK)

Analysis of: DSG Slides as JP Morgan Cuts Target, Says Covenants a Concern (www.bloomberg.com)
Electrical is one of the most high profile sectors in European retail and one of the most competitive. The current financial challenges, imminent arrival of Best Buy and the increasing growth of the hypermarkets are all combining to make it even tougher. This should herald great deals for consumers...
Patrick Kelly, Managing Director
Patrick Kelly, Managing Director
Retail 1st
Analysis of: Woolworths comfortable with finance and cash position (uk.reuters.com)
Woolworths is outgunned in every product category by faster, keener and way more effective competitors. Too many stores and too much space plus a story that no one wants to listen to... irrelevance and extinction beckon. Years of under investment and poor management focus have resulted in Woolworths...
Patrick Kelly, Managing Director
Patrick Kelly, Managing Director
Retail 1st
Analysis of: Land of Leather directors defer pay as profits dive 88% (business.timesonline.co.uk)
Land of leather's woes herald more than a downturn in the housing market and consumer big ticket jitters. The age of the "disposable" value driven leather sofa has come to an end. Customers were already growing tired of the edge of town shed format occupied by Land of Leather and fellow struggler...
Analysis of: Head of Woolworths to step down (news.bbc.co.uk)
* Woolworths decline continues * The market has been against them and this started before Trevor Bish Jones took on the job of CEO - it's no surprise he's going though * They need to take a more radical strategy to survive even thought profits were made in the last financial year (achieved by cost cutting...
Patrick Kelly, Managing Director
Patrick Kelly, Managing Director
Retail 1st
Analysis of: Li & Fung boss predicts BRIC retail expansion (www.just-style.com)
The new Emerging Markets are here to stay and will totally change the Retail map of the world. US and European Retailers who wish to grow over the coming years MUST step up their International Expansion plans. There is a real need for "Isolationist" Retailers to wake up to these major opportunities...
Patrick Kelly, Managing Director
Patrick Kelly, Managing Director
Retail 1st
Analysis of: Li & Fung boss predicts BRIC retail expansion (www.just-style.com)
US and European Retailers who wish to grow over the coming years MUST step up their International Expansion plans. There is a real need for "Isolationist" Retailers to wake up to these major opportunities before it is too late and a "New World Order" has taken shape without them! 

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